What Should You Do For Fast implement new Demand forecasting process seamlessly using Enterprise Anatomy? Find Out Now, Free!
In the Utility Sector, almost all executives deal with the most common problem of accurate demand forecasting. Here we are focusing on Power sector Utility. They make every attempt to improve the Demand forecasting so that they can improve customer satisfaction by avoiding shortages and also improve profitability by reducing costly purchases or selling excess power availability.
As we know, power demand depends upon various factors like region, season, temperature, rainfall, Week-day or weekend, festival and so on. All these factors lead to a non-linear relationship with power demand.
Nowadays, a lot of software packages are available in the market for forecasting based on the historical pattern. The easiest approach is to select the appropriate package and replace legacy forecasting system with the new SW package. Implementation of such packages looks very easy, but it is a major business process change. Unless proper analysis is done from all aspects of transformation, these process changes do not yield the expected results in time.
Enterprise anatomy helps us to do a structured analysis of the proposed solution. Enterprise anatomy visualizes transformation across all stakeholder groups like Executives, Business heads, System Architects, Technical architects. The analysis addresses 6 factors –Why, Who, What, When, where and How for each stakeholder. It helps to identify the Gaps early-on. Hence no surprises during project execution.
In this webinar, we are going through how legacy manual demand forecasting process is replaced by package based automated forecasting process using Enterprise anatomy model. Using this example, we will also understand the transformation of enterprise objectives and Business processes across Executives, Business heads, System and Technology level stakeholders using Enterprise Anatomy framework. (These are termed as Transformation of “WHY” and “HOW” factor across the enterprise in Enterprise Anatomy approach.)
SW package implementation is not just a replacement of the legacy system, but it is Business process change impacting various stakeholders in the enterprise.
Use of structured Enterprise anatomy approach for diagnosis/analysis reveals the gap in the solution early on
Enterprise anatomy enables complete traceability of linkages between the Technical solution to systems, systems to the Business processes and Business process to Strategy goals of the organization
Mr Suneel Hoshing
Principal, ICMG INDIA