"Running a $15bn business, our main priority is continuous improvement of our forecast processes.
We estimate we can drive up to $200m of avoidable costs out of the business."
"By identifying and valuing the size and trend of forecast inaccuracies, we now have the visibility AND a common language to fix them…
Potentially worth up to 2% of total revenue."
We believe that forecasting should always add value – our mission is to “make forecasting pay.”
If making a return on your investment in forecasting systems and processes is elusive, you're not alone. Recent research shows:
Buying the latest, most sophisticated forecasting software rarely ends forecasting problems. The perennial problems of:
...can prove much harder to move.
And if the hoped-for benefits recede, finger-pointing and witch hunts can take their place.
CatchBull’s ForecastQT™ application is used as a Forecast Performance Management system, measuring and informing the whole forecasting process:
So the whole company can engage in continuous improvement of the forecast process.