Every company does supply chain planning. You always need to have a sense for how much you can get and at what cost. But not everyone does it efficiently. Would you consider your companies supply chain plan efficient? If demand changes, how long does it take to get a new supply chain forecast? If the…
Many of us, have grown up in retail, looking at our business from a traditional hierarchy point of view. We analyzed our business by division, department, class, etc. It was a methodical and calculated approach that worked at the time. As my children tell me all the time, “this is not the 1900’s”. Long gone…
Where there is “Madness” there is an opportunity to model. Every March at eCapital Advisors when the NCAA Tournament rolls around, we do a company pool like most companies. However, the past two years some of my data science colleagues and I have built predictive models to help us fill out our brackets. Why? Because…
How many times have you walked into a meeting to find yourself reporting numbers which are different from the person sitting next to you? Cross-functional teams are working in silos and you, yes YOU, are part of the problem. (Yep, we’ve all been there!) Having clearly defined retail metrics is critical to the organization’s success.…
What-if Scenario Modeling allows one to look at multiple potential actions and relays the consequences of each. You can predict the results of these actions before committing to taking them. Through What-If Scenario Modeling, you can more holistically view and understand a financial decision and its impact. Since you can fully view and understand this…