Citation
(2002), "Predictable!", Work Study, Vol. 51 No. 6. https://doi.org/10.1108/ws.2002.07951fad.002
Publisher
:Emerald Group Publishing Limited
Copyright © 2002, MCB UP Limited
Predictable!
Predictable!
Armstrong Laing, one of the world's leading specialists in enterprise performance optimisation, has developed "Predictive Planning", a sophisticated management decision-making tool which links budgeting data and resource consumption to enable overall business performance to be improved. Predictive Planning is claimed to offer all the budgeting functionality that you would expect, but by allowing the incorporation of non-financial data into the system, cause-and-effect relationships can be modelled between business drivers and resource pools between departments and between time periods. This allows managers to build dynamic relationships that link resource consumption to the outputs of the business. This radical functionality allows enterprises to:
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Reforecast both more frequently and more quickly ("single touch re-forecasting").
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Integrate shared services costing and capacity management into the budgeting process.
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carry out essential activity analysis to provide insight into customer and product profitability within the same tool.