Forecasting: Are there any examples of big data paradigm being successfully used in demand forecasting?

Save time, empower your teams and effectively upgrade your processes with access to this practical Forecasting Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Forecasting related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

 

https://store.theartofservice.com/Forecasting-toolkit-best-practice-templates-step-by-step-work-plans-and-maturity-diagnostics/

 

The Toolkit contains the following practical and powerful enablers with new and updated Forecasting specific requirements:

STEP 1: Get your bearings

Start with…

  • The latest quick edition of the Forecasting Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals…

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 657 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Forecasting improvements can be made.

Examples; 10 of the 657 standard requirements:

  1. Pick any event in the last five years of your work which gives a good example of your ability to use forecasting techniques. Did you use statistical procedures or a gut level approach?

  2. A good cash budgeting and forecasting system provides answers to key questions such as: Is the cash level adequate to meet current expenses as they come due?

  3. What is your organizations purpose of existence, can you answer questions like What are you providing, What is your mission, values etc?

  4. Does your center have an automated workforce management (WFM) system in place to help drive the forecasting and scheduling process?

  5. What should the Governance Board members normally look for in the operations status reporting and forecasting report?

  6. What are some of the biggest forecasting and scheduling/staffing challenges you and your call center currently face?

  7. If the demand planning/forecasting function reports through VP of Supply Chain, how is sales input incorporated?

  8. Does your WFM system allow you to automate repeated tasks (e.g., forecasting, scheduling, report generation)?

  9. Are there any examples of big data paradigm being successfully used in demand forecasting?

  10. Are you currently doing forecasting and scheduling manually or with the help of spreadsheets?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Forecasting book in PDF containing 657 requirements, which criteria correspond to the criteria in…

Your Forecasting self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Forecasting Self-Assessment and Scorecard you will develop a clear picture of which Forecasting areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Forecasting Self-Assessment
    • Is secure: Ensures offline data protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

 

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Forecasting projects with the 62 implementation resources:

  • 62 step-by-step Forecasting Project Management Form Templates covering over 6000 Forecasting project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Project Charter: Dependent Forecasting projects: What Forecasting projects must be underway or completed before this Forecasting project can be successful?
  2. Closing Process Group: Just how important is your work to the overall success of the Forecasting project?
  3. Change Request: How are changes requested (forms, method of communication)?
  4. Risk Audit: What are the benefits of a Enterprise wide approach to Risk Management?
  5. Procurement Audit: Are the supporting documents for payments voided or cancelled following payment?
  6. Procurement Audit: Is there a general policy on approval of purchases?
  7. Activity Duration Estimates: Research risk management software. Are many products available?
  8. Procurement Audit: Are incentives to deliver on time and in quantity properly specified?
  9. Responsibility Assignment Matrix: Are material costs reported within the same period as that in which BCWP is earned for that material?
  10. Procurement Audit: Are the financial and business records of the organization stored in a secure fire resistant place?

 
Step-by-step and complete Forecasting Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

  • 1.1 Forecasting project Charter
  • 1.2 Stakeholder Register
  • 1.3 Stakeholder Analysis Matrix

2.0 Planning Process Group:

  • 2.1 Forecasting project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Forecasting project Scope Statement
  • 2.7 Assumption and Constraint Log
  • 2.8 Work Breakdown Structure
  • 2.9 WBS Dictionary
  • 2.10 Schedule Management Plan
  • 2.11 Activity List
  • 2.12 Activity Attributes
  • 2.13 Milestone List
  • 2.14 Network Diagram
  • 2.15 Activity Resource Requirements
  • 2.16 Resource Breakdown Structure
  • 2.17 Activity Duration Estimates
  • 2.18 Duration Estimating Worksheet
  • 2.19 Forecasting project Schedule
  • 2.20 Cost Management Plan
  • 2.21 Activity Cost Estimates
  • 2.22 Cost Estimating Worksheet
  • 2.23 Cost Baseline
  • 2.24 Quality Management Plan
  • 2.25 Quality Metrics
  • 2.26 Process Improvement Plan
  • 2.27 Responsibility Assignment Matrix
  • 2.28 Roles and Responsibilities
  • 2.29 Human Resource Management Plan
  • 2.30 Communications Management Plan
  • 2.31 Risk Management Plan
  • 2.32 Risk Register
  • 2.33 Probability and Impact Assessment
  • 2.34 Probability and Impact Matrix
  • 2.35 Risk Data Sheet
  • 2.36 Procurement Management Plan
  • 2.37 Source Selection Criteria
  • 2.38 Stakeholder Management Plan
  • 2.39 Change Management Plan

3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

  • 4.1 Forecasting project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance

5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Forecasting project or Phase Close-Out
  • 5.4 Lessons Learned

 

Results

With this Three Step process you will have all the tools you need for any Forecasting project with this in-depth Forecasting Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Forecasting projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based best practice strategies aligned with overall goals
  • Integrate recent advances in Forecasting and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, ‘What are we really trying to accomplish here? And is there a different way to look at it?’

This Toolkit empowers people to do just that – whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc… – they are the people who rule the future. They are the person who asks the right questions to make Forecasting investments work better.

This Forecasting All-Inclusive Toolkit enables You to be that person:

 

https://store.theartofservice.com/Forecasting-toolkit-best-practice-templates-step-by-step-work-plans-and-maturity-diagnostics/

 

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.