Most companies use modern Business Intelligence and Supply Chain tools to look at past performance, which gives a snapshot in time to understand what has already happened.
This is a critical first step in understanding the basic Key Performance Indicators (KPIs) that are important for a business. Some companies are taking the next step to not only look at past performance but also to look into the future to understand the direction the business is going. This moves the discussion from “today we are here” to “tomorrow we will be there,” and allows for effective planning of resources and inventory based on upcoming trends that will affect the business.
The Halo Predict Forecasting Module is an automated statistical forecasting solution designed specifically for mid-market companies that need to understand and plan for their future business needs. Without requiring a team of data scientists to spend months analyzing data, Halo Predict will let you understand your future business needs by:
• Estimating future growth to anticipate changing needs in the supply chain
• Monitoring performance through predictive KPIs for operations and trading partners
• Anticipating changes in raw material cost and availability that affect pricing targets
• Helping to uncover hidden costs and reveal new opportunities
With Halo Predict, companies can access a growing number of model-based applications, quickly apply models, specify data handling and preparation and choose from a range of standard statistical procedures. This allows a company to:
» Easily apply sophisticated predictive models to virtually any data source
» Visualize predicted outcomes in an interactive way
» Make on- the- fly changes to future predict ions to see the results through What – I f Analysis
» Review and compare different scenarios (best case, worst case, etc. )
Pre-packaged applications for supply chain will include the following, but many more options are available:
• Demand Forecasting for Sales and Operations Planning
• Asset Optimization for Leased and Licensed Products
• Spend Analysis for Supply Chains
• Margin Analysis for P&L Management
• Payment Risk Analysis for Customer Management
• Supplier Scoring and Ranking
Halo Predict will help you understand your business in ways you never knew possible. Easily extract forward-looking insights from virtually any data source, create stunning data visualizations with drill through capabilities and predict outcomes of your business decisions before you make them.
About Halo Business Intelligence
Halo Business Intelligence, established in 2008, is a San Diego-based, Microsoft Gold Certified company offering a full suite of business intelligence solutions. The company has more than 300 customers in construction, health care, hospitality, manufacturing, professional services and retail worldwide. Developed to leverage common business software systems, open technologies, and mobile devices like smartphones and tablets, Halo BI frees non-technical users to do their own data mining, analysis and reporting without relying on IT staff or proprietary applications. Additional offices are in Australia, Austria, China and New Zealand. For more information, contact Halo BI at (888) 300-0219, email: info@halobi.com, or on the web: www.halobi.com
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