Skip to Main Content
Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems
book

Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems

by Larry P. English
October 2009
Beginner to intermediate content levelBeginner to intermediate
839 pages
29h 16m
English
Wiley
Content preview from Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems
502 Part III n Information Quality Applied to Core Business Value Circles
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
J F M A M J J A S O N D
Forecast-Prod 1 Demand-Prod 1
Figure 11-3: Forecast Versus Demand Tracking to Measure Forecast Accuracy
Note that the Forecasted sales are consistently higher than actual Demand
(sales) indicating higher costs of inventory and handlings.
Communicate the Assessment result to Production schedulers to alert them
to the results in the event Production scheduling adjustments may be required.
Communicate Assessment results in an appropriate format and time to each
Forecast source (Customer, third party, and internal Forecasters) to evaluate the
need for Process Improvements.
Use the Quality Control Chart to document the Forecast Process Capability
over time as compared to actual Sales.
How to Improve Forecast and Demand Information Process
Quality (TIQM P4)
The assessments conducted in the preceding sections should give you an indi-
cation of if and where your Forecast processes may be broken. If the current
Forecast processes (multiple processes in Customer organizations and internal
within your organization) are causing process failure, waste, and Product and
Information Scrap and Rework, you, or your Customers, need to improve the
respective defective Forecast processes.
If your Order and Sales processes are broken, you may under-report Orders
or Sales th ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Improving Data Warehouse and Business Information Quality: Methods for Reducing Costs and Increasing Profits

Improving Data Warehouse and Business Information Quality: Methods for Reducing Costs and Increasing Profits

Larry P. English
Information Quality

Information Quality

Ron S. Kenett, Galit Shmueli
Business Metadata: Capturing Enterprise Knowledge

Business Metadata: Capturing Enterprise Knowledge

W.H. Inmon, Bonnie O'Neil, Lowell Fryman

Publisher Resources

ISBN: 9780470134474Purchase book