Demand forecasting – How to improve Exponential smoothening

Demand forecasting – How to improve Exponential smoothening

January 16, 2018

Exponential smoothing is a standard method in many BI-solutions. It is a method that has been around for a long time since it was developed during the 1940s. Although much has happened since then in terms of model development, many companies use modules attached to the ERP-system and does not put a lot of effort … Read More

The biased roundtable – how to improve manual adjustments in budgeting

The biased roundtable – how to improve manual adjustments in budgeting

January 11, 2018

The process of setting the budget for the coming year follows a similar structure in many organizations. First, the forecasted value is being extracted from the ERP-system. Afterwards, people involved in the budget gathers in order to discuss how the coming year will deviate from the forecasted value. The optimal way of handling forecasting is … Read More