Implementation of a global, product-based forecasting tool for an $800M division of a $9B Provider of Equipment and Services to the Energy Industry
Implementation of a global, product-based forecasting tool for an $800M division of a $9B Provider of Equipment and Services to the Energy Industry
Implementation of a global, product-based forecasting tool for an $800M division of a $9B Provider of Equipment and Services to the Energy Industry
Historically, all forecasting and purchasing activities had been based on revenue projections and were done independently (i.e., Operations provided revenue estimates to Management, and Purchasing re-created this information to use in establishing supplier relationships). This division of an Energy-sector product and services supplier needed to identify ways to improve operational effectiveness. The project team recommended a global, integrated, product-usage-based forecast to eliminate redundant activity, improve product availability, and leverage global consumption volumes with suppliers to obtain lower unit costs.