Sales & Operations Planning
This is the process where future supply and demand requirements are collaboratively compiled and readied for review to ensure the organization's prepared for what's to come. Most organizations are effective at this as a stand alone activity. The problem is the missed advantages that can be gained by fully aligning the S&OP with the financial plan. Doing this results in greater corporate alignment, improved information transparency, and more timely and effective organizational... [More]
Currently, our external reporting requirements here in America are based upon Generally Accepted Accounting Principles, or GAAP, designed to reveal important information about companies that dominated the landscape when GAAP was developed in the early 20th century. Railroads, auto makers and manufacturing enterprises dominated the U.S. economy at that time. These builders were from the old school industrialized economy model where their company's value was inherently based upon the assets on their balance sheet. These assets... [More]
At IBM’s 2013 Business A nalytics Forum beginning this week, there are tracks and sessions across the entire Business Analytics software portfolio in which I hope you’re participating.
Because the AnalyticsZone has a Predictive Analytics-focused community and a related software download – SPSS Statistics – as well as a demo sandbox of IBM SPSS Analytic Catalyst I want to especially highlight these IBM SPSS-related sessions. Yes, these IBM SPSS Statistics and IBM SPSS Analytic Catalyst sessions, including name,... [More]
Books. There's all genres. Business. Nonfiction, Fiction, History, Current Events, Biographies, Mysteries and on and on. Whatever the genre there's nothing like a great book. They can entertain you, inform you of information you'd otherwise never know, challenge your thinking, and even change your life. Many people like to read so much that they'll take on multiple books at a time each serving a different purpose: one, current events; another, fiction; a third, history; a fourth, humor, etc. I... [More]
There are certainly many challenges facing finance, IT and risk management professionals as they grapple with the changing regulatory, compliance and risk management landscape. IBM has a solution portfolio including IBM Cognos FSR and IBM Openpages to harness, automate and enable effective management of these practices to which I want to give you a brief introduction.
Many customers have benefited from these solutions including a few mentioned below:
Omnicom Group - In the first two years of... [More]
The power of personally-assigned key performance indicators, or KPIs, is tremendous. If done incorrectly, KPIs might be used like a drunk would use a light post, for support not illumination. You could call KPIs industry-speak for one method to measure employee, departmental and/or organizational performance. If effectively constructed, they can drive the right workforce actions supporting strategic and operational objectives. KPIs could be tied to achieving an operational goal, such as on-time customer shipments,... [More]
Finance teams are the analytics captains of the corporate ship empowered to provide upper management, business units and support units like HR, IT and Procurement with all the data points to fully understand past, present and future performance for decision making. However, as is often the case, because of the ever expanding list of corporate information systems and growing regulatory requirements shouldered by finance departments, the corporation's most important analytical asset remains mired in just completing mandatory tasks... [More]
Getting the workforce to make the right decisions that support organizational strategy is a challenge every business faces. If your business struggles with this you shouldn't feel alone because this dilemma dates all the way back to the days of the Roman Empire as they struggled to keep their distant republics aligned with their centralized policy-making.
How does your company ensure the workforce is doing the right things day-to-day while avoiding the never-ending red herring traps that can pull them into less critical, time... [More]
“Get your house in order.” I hear politicians repeatedly using this phrase: “Before we start talking new taxes or entitlement reforms we gotta get our house in order.” Sports figures too: “We had a great practice today but, before we think about competing for the division title, we gotta get our house in order.”
Relating this expression to the processes owned by the finance team, the house that most often needs to get in order is the Close, Consolidate, Report & File process, or... [More]
The AnalyticsZone's Insight Community has a broad range of assets available to help you master IBM Cognos Insight and all of its workgroup and enterprise-connected capabilities, including its integration with other IBM Cognos solutions. For this post, I want to highlight one of the Insight Community's free Cognos Insight applications that our development team created for your review. This application provides some really interesting analyses and related visualizations that you really must see.
This application I refer to... [More]
The IBM Cognos Insight team has developed a number of Business Accelerator applications designed to give you a set of pre-built applications across functional process lines to help you jump start your deployment of Cognos Insight while seeing best practices in these functional areas.
One in particular I want to highlight is our Customer Service Business Accelerator.
To review this business accelerator you'll want to make sure you have a copy of IBM Cognos Insight Personal Edition available for a free download on the... [More]
If you've watched any television the past few weeks or spent more than a few minutes on the internet, It's a good bet that you've been exposed to the soon-to-be-released mega-blockbuster movie, The Great Gatsby, starring Leonardo DeCaprio as Jay Gatsby. I certainly don't want to spoil the movie for you so I won't add any spoiler information here but, suffice it to say, the book on which this movie is based could be considered the definitive Great American Novel by F. Scott Fitzgerald. Fitzgerald's... [More]
If you recall the popular 1988 movie Big starring Tom Hanks, you'll remember many funny and quite touching moments as Hanks plays a young boy magically transformed into a grown adult through a seemingly harmless carnival wish made good. Because of the premise a healthy suspension of disbelief is required but, hey, it's the movies. There's actually a few business lessons in this movie if you haven't seen it in a while but one particular moment, which also happens to be very funny, I want to point out.
This moment... [More]
Welcome to the Insight Community within the AnalyticsZone. The Insight Community is your place to connect with over 24,000 other community members to share in the experience using IBM Cognos Insight while accessing all of the valuable resources we have at your disposal to get the most out of Cognos Insight, our personal analytics solution with enterprise-connected, sharing capabilities!
We certainly want to make sure you're getting the information you need to understand all of the powerful capabilities in Cognos Insight to... [More]
Unless you've been living under a rock the past month, you're aware that we recently released a new version of IBM Cognos Insight - Version 10.2.0.1 to be exact. This release includes many exciting new features that we reviewed during an AnalyticsZone webcast on March 27th. (Click here to see this webcast replay.) This new release includes a new theme, new charts and display features, a new widget alignment mechanism and so much more! Since different people prefer alternative methods to digest information, rather than... [More]