How to Forecast Sales
Sales Forecasting

How to Forecast Sales

Sales forecasts are the backbone of business planning. Business growth is measured by its growth in sales and your sales forecast sets the standard for expenses, profits and growth. Sales forecasts are key to conducting a business. An in-depth sales forecast should help you develop and improve your strategic and...
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5 biggest mistakes companies make with KPIs
CPM

5 biggest mistakes companies make with KPIs

Key Performance Indicators (KPIs) is one of those business topics that have been talked about a lot! The main conversation concerning KPIs has been around improvement and implementation (of course, we are guilty of that too!). Since key business performance indicators are talked about so much, managers and other business...
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Demand Volatility and Better Forecasting
Financial Planning

Demand Volatility and Better Forecasting

Supply chain or demand forecasting can be a pain even in the most stable industries. And forecasting for the highly seasonal demand profile can be hard, but not impossible. In the previous post, we talked about forecasting demand and gave tips to help find a more efficient way of planning...
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How to Set KPI Baseline?
CPM

How to Set KPI Baseline?

  In our previous post, we discussed how to find and set KPIs in your business, today we look at setting KPIs in place, introducing them to your business and establishing the baselines. Creating effective business KPIs is an exceptional task, it requires multiple steps and involves all of your...
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How to Improve Demand Forecasting
Financial Planning

How to Improve Demand Forecasting

Planning for the complex and variable world of omnichannel has changed significantly, to say the least. New fulfilment processes, especially in the retail world has brought its challenges to the industry. The demands of this are feeding into price life cycle planning and supply chain network design, but it requires a lot...
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5 GOOD Reasons to Rethink Budgets
Financial Planning

5 GOOD Reasons to Rethink Budgets

Budgeting and financial forecasting are probably the two most important financial processes of any business. While they are often linked together, many companies choose to follow one more than the other. This guide will help you to determine the differences between the two and explain why a growing number of...
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Top 10 Mistakes In Your Financial Report
Financial Planning

Top 10 Mistakes In Your Financial Report

With a new year fast approaching many of businesses are starting to work on their financial reports and future projections. Businesses of all sizes produce annual financial reports for informing directors, shareholders and customers of their progress, the current state of the firm and its financial position. While these reports...
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Is Business Intelligence Really That Important?
CPM

Is Business Intelligence Really That Important?

Is business intelligence really that important for your business? Well, yes! Business Intelligence or BI has been a privilege only reserved for large enterprises who can afford to maintain IT specialists, data scientists and business analysts. (more…)
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How to use scenario planning for your business?
ProForecast Blog Posts

How to use scenario planning for your business?

Building a strategic plan for your business might not be your priority, however, working with a plan will focus your efforts and help your team lead the business in a single direction. A strategic plan will require you to define your business goals and enable you to achieve them. Scenario...
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How to set your business’ KPIs?
CPM

How to set your business’ KPIs?

Following our week of business performance management, we have been investigating multiple avenues that businesses’ need to improve to help their growth plans. In order to create a successful growth plan, businesses’ must establish what growth means to them, and create key performance indicators. While most of the companies don’t...
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