Forecasting: the art of making the right decisions

Managing a company is the art of making the right decisions. Nowadays, their accuracy may influence the development of the whole enterprise. And the ability to quickly respond to changes is often “make or break” for a company. It determines its competitiveness and market position.

The challenge: not enough time

Most experts know exactly how to ensure the effectiveness of the forecasting process. However, they often do not have enough time, and the risk of making a bad decision is even greater because it concerns a closer or distant but unknown future. Unknown to most companies that base the forecasting process only on the intuition and experience of their specialists and still too often on Excel. The preparation of such forecasts is time-consuming, and their accuracy often leaves much to be desired. How can it be changed?

Solution: selection of an appropriate method

The solution is to select the right method - fast enough. The effectiveness of the process depends on its adjustment to the specifics of the forecasted data, the method of evaluating a given time series or the quality of collected information and the awareness that there is no one effective method. That is why it is so important to simulate different versions of forecasts, make corrections and cooperate with other departments, and then optimize the entire process. Learning lessons from the past for the future enables us to continuously improve the forecasting process, and thus achieve measurable benefits.

What benefits can you enjoy?

minimizing the costs of lost sales

reduction of expenditures needed for forecasting by up to 40%

increase of forecasting accuracy by up to 27%

reducing the costs of maintaining high inventory levels by up to 31%

increasing resource efficiency by over 19%

minimizing the costs of lost sales

reduction of expenditures needed for forecasting by up to 40%

increase of forecasting accuracy by up to 27%

reducing the costs of maintaining high inventory levels by up to 31%

increasing resource efficiency by over 19%

  • References

    I rate the cooperation with eq system specialists very highly - a very professional team with extensive expertise and knowledge of the details (challenges and limitations) of our industry. The people we worked with were always eager to listen to our suggestions and to answer many questions. In particular, I value eq system for their “honest approach” - if they think that some functionality is not needed, they simply advise against it. I recommend eq system to everyone who is looking for a reliable and honest business partner

    Michał Piotrowski IT Director, Kuehne + Nagel
  • References

    eq system specialists are people with many years of experience, which could be seen at every stage of the project. Their extensive competences have allowed us to precisely define the individual requirements of our organization and to effectively implement the corresponding solutions.

    Jarosław Borzyński HR Manager, Multikino S.A.
  • References

    My assessment of our current cooperation with the specialists at eq system is very good. The level of competence of the people we work with is impressive, just like their approach, both to the project itself and to our specialists. The implementation of this project is based on close cooperation between our companies, which makes me very happy. After completing the analytical project, we were still getting all the details of the concept - eq system specialists once again assured us that our decision to cooperate with them was a good business decision.

    Anna Grupińska-Miężał Representative of the Management Board of GELG Sp. z o.o.
  • References

    First, I would like to mention that as early as at the audit stage, eq system specialists solved our problems, which we had been unable to cope with for several years - not because we did not have the proper knowledge, but because we lacked the right tools. The cooperation with eq system was very efficient, and we received almost immediately the additional materials and information that we asked for. All the employees of Huf Polska, who were to be involved in the audit, received the agenda with the expected time in advance. We also appreciate the fact that, as a result of the audit, a detailed concept was created, which constitutes an annex to the concluded contract. It includes all our expectations and a proposal to meet them.

    Tomasz Wiącek Lean Manufacturing Manager, Huf Polska Sp. z o.o.
  • References

    What convinced us to cooperate with eq system was the way the company's experts presented the solution. Everything was at the highest level - competence, knowledge of our industry and the solution itself. None of the questions we asked were left unanswered. There was a priority effect - a good presentation which projected on all subsequent elements – that was our reference point.

    Ewa Leszczyńska - HR and Payroll Manager, Rosti Poland Sp. z o.o.
  • References

    In the choice of the system, our previous experience in cooperation with the company, eq system, was not insignificant. Starting from the webinar about APS, which for us was the beginning of practical learning about Asprova and eq system, through the workshop organized for the planners in our company, to the preparation of pre-implementation analysis, the company showed professionalism and experience. When working with eq system, we also value the process approach of the consultants, which is particularly important in the area of planning and constitutes the prognosis of the project’s success.

    Tomasz Skrzypczak Head of the Production Preparation Department, Solaris BUS & Coach S. A.
  • References

    During the many years of our cooperation, eq system specialists have often proved that they know the production processes in the smallest detail. What’s more, they are people who can look at the company as a whole, not as separate elements. As a result, they are able to predict the consequences of the implemented improvements on the functioning of the entire organization, and thus prepare it to use the potential of the introduced changes. Therefore, we had no doubts about the choice of a company that would help us improve the data analysis processes.

    Przemysław Fernówka - Representative of the Management Board for IT Systems

Our Clients

Our experts are at your disposal

Define your needs - we will do the rest.