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Cognos.com Tip: Establish a higher priority for better planning tools and forecasting software. Such a planning process should focus on key economic and business drivers, the KPIs (key performance indicators) of performance planning. Try to make these improvements:
·Consistency across corporate planning and forecasting
·Plan from the top-down
·Streamline the process cycle time
·Forecast the future with both historical data and predicted key economic drivers
Furthermore, the ultimate goal from pursuing this approach is suggested to be a transition to rolling forecasts and a subsequent organizational planning revolution.
|Sheri Ann Richerson|