SUNConferences, Southern African Institute of Industrial Engineering 2013

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Precise Operational Execution: The Foundation of Forecasting
Roy Johannes van Eck

Last modified: 2013-06-20

Abstract


In the fast paced world of advanced computing, real time decision making and growing competitiveness, management is increasingly relying on reliable forecasting and planning systems and making key decisions on up to date Business Intelligence.  Advanced systems generate mass loads of data that requires careful translation into accurate, valuable information. The level of data maturity and the integrity of the measurement structure and translation of the system generated data becomes a critical success factor to these companies. However, the challenges often lie in changing mindsets and processes that generate the data in the operational environment. The rapidly expanding cash supply chain lends itself for an ideal case study to highlight the challenges and innovative operational changes required to ensure accurate data that ultimately results in trustworthy dynamic forecasting models.




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