QueBIT Blog: Leveraging AI and ML: Incorporating Strategic Initiatives into the Planning Process

Posted by: Justin Croft Jul 20, 2023 1:46:34 PM
Finance leaders face the challenge of effectively integrating emerging technologies like AI and ML into their planning processes. With the abundance of hype surrounding these technologies, it's... Read More

QueBIT Blog: Demand Planning – Continuous Evolution Leads to Best-In-Class

Posted by Deepak Kumar

Demand planning is a critical cross-functional process, which helps to align and forecast customer demand for a product or business. It aids to optimize inventory management, avoid supply chain disruptions, and minimize supply chain inefficiencies. It also helps to increase overall customer service level, customer satisfaction, efficiency, and profitability. Demand planning compliments sales and operation strategy by providing direction and forward-looking guidance. Demand planning, including demand sensing, should be a continuous process to support effective decision making at all levels.

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Topics: Demand Planning

Predictive Analytics Driven Demand Planning is a Game Changer

Posted by Richard Creeth

In traditional budgeting environments planning demand and thus revenues, has typically been a semi manual process. For example, an insurance company might model premium income by starting with policies currently in force, estimating attrition rates, forecasting new policies due to marketing efforts, and adding in the impact of increased  or decreased premiums, in order to come up with projected policy volumes and premium income. This process relies upon the subjective judgment of someone who is reasonably expert in the particular insurance market.

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Topics: Demand Planning

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