forecasting
  Home
  Vision
  Security
  Supply Chain
  Knowledge Worker
  Productivity
  Enterprise Portal
  CRM
  Digital Dashboard
  Customer Service
  Planning
  Databases
  Enterprise Integration
  Forecasting
  Collaboration
  Business Intelligence
  Enterprise Resource Planning
  Sitemap
  Clients, Cases & Contact Us
 
forecasting

Predict the Future with Accurate Forecasting

 

Let Us Put All The Pieces Together For You...



Forecasting is an essential analysis activity for any business. Be it inventory, financial, sales, receivables, manpower, or other key areas, forecasting can help your company plan for what lies ahead. The challenge is that forecasting is an analysis into the future and the future is unknown. The art of forecasting is creating as accurate a picture as possible of what is coming. The key is to use data to make decisions with a high level of confidence.

Real Business Consulting can help you organize with your forecasting activities. The process starts with identifying the Key Performance Indicators (KPIs) that will help you make decisions. Inventory forecasting is a good example. Such KPIs as turnover, inventory cost, ordering lead-time, and ABC analysis help you understand how to reduce the capital tied up in idle inventory and improve your bottom line. The next step is to find the sources of the data required to do this analysis. Real Business Consulting can help you retrieve the data you need from your current IT systems and identify new sources of data capture require to calculate your KPIs.

More Forecasting Techniques

Analysis of historical data is always a great method to begin forecasting. If the performance of you company's KPIs are consistent over the years, projecting historical analysis into the future can provide accurate decision support. However, if the KPIs tend to vary, more sophisticated analysis is required. Statistics and probability can come into play with such calculations as moving averages, regression analysis and histogram evaluations. Real Business Consulting can help you put the systems in place to deliver this important decision support data to improve your bottom line.

If you're looking for small business solutions that work with you, complete this form and someone will contact you.