Financial Forecasting: Room for Improvement for People, Process and Technology

  • Source: CFOworld
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Preparing an accurate forecast in this volatile business climate is challenging. Still, it is critical for businesses to be able to predict outcomes for the next month, quarter or year, and be able to respond quickly when the actuals vary significantly from the forecast. Forecasting may be equal parts art and science, but the most dialed-in enterprises report using a solid, collaborative process for generating accurate forecasts.

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Selecting ERP for Oil and Gas Industry Contractors and Vendors

  • Source: IFS
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Peerless Pump has been designing, engineering, and manufacturing pumps for more than 80 years. The company was basing component stock levels on historical data, as it did not have the ability to accurately forecast customer demand. But with forecasting and demand planning software that increased forecast accuracy, the company has nearly doubled its sales over the past four years, while keeping inventory levels constant. Read More

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Planning and Forecasting: Use Continuous Planning and Rolling Forecasts to Support Adaptive Management

  • Source: IBM
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