Product Cost Forecasting & Cost-based Planning- A New Frontier in Operations Management

Institute of Business Forecasting & Planning (IBF) - Supply Chain Forecasting & Planning Conference- Phoenix, AZ

February 26th, 2008 3-4PM
Speaker: Rakesh Sharma, President, Zyom, Inc.

To date most of the focus of the forecasting and planning discipline has been in the area of ‘Demand and supply-centric forecasting and planning’. Zyom's customer set out to build a systematic picture of their total product and total operational costs (called “Full-up COGS”). This presentation will discuss Cost-forecasting, Cost-based planning, and why these two concepts are important. We will detail the critical processes that comprise cost based forecasting and planning as well as the key roles and capabilities required to make this concept work. Finally we will show how we partnered with our customer to construct an end-to-end process and supporting system, that will help the company drastically improve its current and forward visibility of their total operational costs as well as result in better operational cost control.