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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

A DSS supports the management, operations, and planning levels of an organization in making better decisions by assessing the significance of uncertainties and the tradeoffs involved in making one decision over another. Model-driven DSS use data and parameters provided by decision-makers, but Power notes they are usually not data-intensive.

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Demand Planning and Forecasting: The Key to Supply Chain Challenges

Jet Global

Factory shutdowns, shipping bottlenecks, and shortages of raw materials have led to substantial uncertainty for businesses seeking to address the vicissitudes of supply-side availability. The “What” and “Why” of Demand Planning and Forecasting. Demand forecasting is about predicting potential spikes or troughs in demand.

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Shared Data Reporting: Deep Excel Functionality Meets Web-Based Dashboards

Jet Global

Inflation, economic uncertainty, and swiftly-changing regulations significantly impact finance professionals. Every organization has roadblocks like budgetary restraints, data limitations, and clunky, manual processes. These require technical expertise and forces finance teams to rely on IT or outside consultants.

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Help Your CFO Double Their Strategic Value

Jet Global

Near Real-Time Data Integration with Your Systems and Built-in Forecasting Modules. Synchronize data with your systems in near real-time so that your CFO doesn’t have to gather and normalize data from other business units. This helps to reduce uncertainty when planning in such a volatile business environment.

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7 Keys to Effective Planning, Budgeting, and Forecasting

Jet Global

In most companies, planning, budgeting, and forecasting processes are fairly well-established, but just because you’ve always done things a certain way doesn’t mean you can’t improve them. That, in turn, helps leaders to plan effectively for a range of circumstances, allowing for greater flexibility to accommodate uncertainty.

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20 Best Logistics KPIs and Metric Examples for 2022 Reporting

Jet Global

It means that a large portion of assets are financed by debt, which implies a higher rate of return for the owners but creates uncertainty around returns to shareholders. A high financial leverage ratio means more money is owned outside of the firm.

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Workforce Planning Best Practices for 2022

Jet Global

This may be the result of fairly predictable seasonal changes, uncertainty with respect to future sales volumes, or potential disruptions that could impact the business. In many industries, like construction and hospitality, companies must be capable of scaling up or down quickly.