Manufacturing
| Function: | Products: |
| Budgeting, Forecasting, Reporting | Workday Adaptive Planning |
Challenge
This company manufactures premium lighting and home accessories. It produces approximately 1,000 different designs that can be made in more than 25,000 ways as a standard product. The company worked with an implementation partner to build a Workday Adaptive Planning solution for budgeting, forecasting and reporting. The implementation they built went to the nth degree of detail and granularity. That level of granularity resulted in the system performing poorly. It also required a high level of upkeep.
Solution
The manufacturer engaged Revelwood for a health check, after which we revamped the company’s model. Revising the company’s model enabled ad-hoc analysis – a key aspect of forecasting that was impossible to do in the earlier instance.
Results
These changes had a big impact on the company’s next budgeting cycle. By revamping the company’s model, Revelwood enabled the manufacturer to do scenario planning – something they could not do in their earlier implementation of Workday Adaptive Planning.