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QueBIT Blog: Benefits of Automated Forecasting with Machine Learning

Posted by: Justin Croft Apr 6, 2022 10:00:00 AM
The world of business is always changing. To keep up, companies must embrace new technologies and methods to streamline their processes. One area that can be greatly improved with automation is... Read More

Justin Croft

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Strategies for Automating Your Forecasting Process

Posted by Justin Croft

Forecasting is a discipline that reduces companies' exposure to risk. The process of forecasting alerts us to upcoming shortages in supply or demand, allowing us to take precautionary measures before we find ourselves in a negative cash-flow scenario. Forecasting is truly a critical business function within any organization. Automating your forecasting process can help you maximize efficiency while reducing costs and improving accuracy. This article will outline how you can use a variety of tools and approaches to automate various aspects of your forecasting process.

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Topics: Machine Learning for forecasting, Automate Forecasting

QueBIT Blog: Busting Myths About Data Prep and Integration

Posted by Justin Croft

It is no secret that analytics and planning projects are based on data. Typically projects involve wrangling some historical datasets, each with their own peculiarities, and then adding in some projection or prediction. Because data is essential, it is also a common stumbling block as business users consider beginning a new analytics and planning project.

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Topics: Data warehouse, Analytics

QueBIT Blog: Is the Problem Bad Software or a Bad Implementation?

Posted by Justin Croft

QueBIT routinely works with clients that have either selected a poor-performing planning software tool, or who are suffering from the poor implementation of a good planning software tool. Both of these scenarios-- bad software and a bad implementation-- can dramatically hinder the cross-functional planning process and make improvement efforts less impactful and responsive. The challenge for a given client often then comes in recognizing which scenario applies to the situation at hand. Is this client underperforming because their software isn't a good fit? Or is it really about how the software is set up inside that particular company?

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QueBIT Blog: Evolving from Planning to xP&A

Posted by Justin Croft

Most organizations realized in 2020 that their traditional, manual planning processes were inadequate at best, and a liability at worst. QueBIT and its software partners specialize in helping clients move from disconnected, siloed planning into a collaborative and agile planning process turbocharged by automation and smart use of AI. This future state is Extended Planning & Analysis – or xP&A.

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Topics: Analytics, xP&A, eXtended Planning and Analysis

QueBIT Blog: QueBIT and Anaplan - Partner for Success in xP&A

Posted by Justin Croft

Partnerships are all about connecting the people and processes of multiple organizations to drive better results for the partner entities and their customers. We are pleased to announce the addition of Anaplan, the leader in “Connected Planning”, to QueBIT’s planning and analytics portfolio. 

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Topics: eXtended Planning and Analysis, connect planning

QueBIT Blog: Why Finance should push for improved supply chain planning

Posted by Justin Croft

Today's digital economy has not only increased competition across geopolitical boundaries but has also disrupted traditional business models. To succeed in a world fraught with economic uncertainties that have only been accelerated due to the pandemic, businesses need to realign their operating models to become more agile, adaptable, and innovative.

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Topics: supply chain planning

QueBIT Blog: Customer Profitability for Wholesale Distribution

Posted by Justin Croft

Today's customer has high expectations - they know exactly what they want and how they want it. Moreover, they're not scared to take it from whichever company offers the best deal. They're no longer attached loyally to a single brand. After all, the competition out there is so stiff, there'll always be a better product or a more generous deal available. This has put businesses under tremendous pressure to maintain their customer bases while keeping customer acquisition and retention costs as low as possible. One of the best ways to analyze this phenomenon is through the customer profitability metric. 

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QueBIT Blog: 2021 is the time for Machine Learning

Posted by Justin Croft

You’ve been seeing people push AI and Machine Learning (ML) at you for years. Just about every magazine, research report, and unsolicited email you received in 2020 had an AI or ML angle. Maybe your organization has even talked about how ML can help solve your problems. But chances are, you haven’t implemented it. Most companies haven’t. But why is that? And why should you take the leap now?

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QueBIT Blog: Stop CPM, Start xP&A

Posted by Justin Croft

The Office of Finance is increasingly moving away from traditional, score-keeping focused frameworks like CPM and embracing cross-functional planning that is collaborative and strategic.

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Topics: xP&A, CPM

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