Oliver Wight Americas Introduces an Assumptions Management Workshop to Improve Forecast Accuracy
It has commonly been said: "Demand plans and forecasts are not wrong. It is the assumptions about the business that prove to be inaccurate." A new hands-on workshop by Oliver Wight Americas helps companies to improve demand plans through the use of assumptions.
NEW LONDON, N.H., June 2, 2020 /PRNewswire-PRWeb/ -- It has commonly been said: Demand plans and forecasts are not wrong. It is the assumptions about the business that prove to be inaccurate.
A new hands-on workshop by Oliver Wight Americas helps companies to improve demand plans through the use of assumptions.
"The challenge is how to develop and management assumptions, and be sure they are considered when developing the demand plan," explains Greg Spira, Oliver Wight Principal and one of the presenters of the workshop.
Assumptions management is a structured way for organizations to identify key driving factors that influence demand. Basing demand plans or forecasts numbers on assumptions is a best practice.
The workshop incorporates real-world experience in operating and sustaining demand management processes. The workshop presenters have used assumption management to reduce bias and improve demand plan accuracy.
The deliverables from the two-day workshop include:
- Design of the assumption management process
- Assumptions templates
- Agreement on roles and accountabilities
Follow up is provided after the workshop to assess progress and provide counsel on issues that arise in implementing the process.
The workshop is offered on-site or virtually when safe distancing is imperative.
For more details about the workshop.
About Oliver Wight Americas
Oliver Wight has a 50-year track record of delivering business improvement to some of the world's best-known organizations. We believe that sustainable improvement can only be made through your own people. Unlike other consultancy firms, we transfer our knowledge to you, which means you can achieve performance levels and financial results that last. Our principals are seasoned professionals who have real-world manufacturing experience. They are thought leaders in the fields of supply chain management, integrated business planning, demand management, and product management. The largest worldwide consultancy of its type, Oliver Wight has offices throughout Europe, North and South America, and the Asia/Pacific Region.
SOURCE Oliver Wight Americas
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