A Lean Six Sigma approach to streamlining Forecasting
Enhancing forecasting efficiency for a leading tech giant.
Case Details
Client: Cisco Americas
Tags: Lean Six Sigma, Process Improvement, Forecasting, Efficiency, Automation, FP&A
Project Duration: 9 Months
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The Story
Cisco, a global leader in technology, faced challenges with its forecasting process. The process was fragmented and inefficient, with individual templates and methodologies across different teams. Controllers were spending 3-4 hours on manual forecast preparation, leading to inconsistencies in data and metrics. This lack of standardization impacted accuracy and consumed valuable time.
Cisco recognized the need to centralize and standardize its forecasting process to reduce workload and improve accuracy, ultimately enabling better decision-making and resource allocation.
What Did Zedd Haytch Do?
Developed a unified forecasting template managed by the FP&A team, ensuring standardization and consistency across all controllers.
We automated the inclusion of key metrics in the template, significantly reducing manual data entry and the potential for errors.
The Results
The implementation of the new forecasting process resulted in significant improvements in efficiency and accuracy:
