Take your data management and predictive power to the next level
Your profitability and long-term sustainability relies on you being able to match your capacity, supply and expense considerations to the demand you’re forecasting on a day-to-day basis. The more accurate your modelling, the better you can manage your operations, protect your margins and deliver a world-class experience to your customers. It’s for these reasons you need a best-in-class planning and analysis tool to optimize every aspect of your operations.
Common challenges
Predicting demand
Understanding demand patterns is key for optimizing your operational decision-making and protecting your margins.
Trouble with cyclic demand fluctuations
When demand fluctuates, you face challenges when you either can’t meet demand or when you’ve invested in assets that aren’t utilized effectively. If you aren’t proactive about predicting cyclic demand, you’re leaving a lot of money on the table.
Poor asset utilization
In transport and logistics, how you utilize your assets is a key driver of success. When your assets aren’t well managed, you limit your business’s growth potential and put significant pressure on revenue generation. It’s no exaggeration to say your organization can face an existential threat. The only way to mitigate this threat is to invest in sophisticated data analysis that can facilitate better asset management.
Data-driven decision making
Cubewise and IBM Planning Analytics / TM1 offer a comprehensive planning and analysis system that can be used to analyze demand patterns and pull key insights that can inform operational decisions. The system supercharges your asset utilization and matches your expenditure to demand to maintain robust profit margins.
Modelling external drivers
Whether it’s government regulations, weather, black swan events or any other external factors affecting your business, you must model them accurately to manage your operational risk.
Misreading macro-economic cues
Transport and logistics company are disproportionately affected by macro-economic implications that aren’t under their control. Planning for and mitigating against these risks requires that businesses understand how to read the cues and act accordingly.
Lack of resilience
Without the right planning, your business isn’t as resilient in the face of external factors as it should be. A robust planning process allows you to anticipate different scenarios and put measures in place to mitigate against those risks, making your organization more sustainable as a result.
Advanced scenario planning
When you leverage Cubewise and IBM Planning Analytics / TM1 you get highly sophisticated scenario planning functionality that enables highly precise and dynamic modelling of various internal and external factors. All that’s left to do to secure your business’s operations for the long term is to take those insights and act upon them.
Maintaining profitability
Transport and logistics margins are tight, so protecting your profitability is a goal well worth fighting for.
Costs eating into margins
The transport and logistics industry is notorious for unexpected costs that creep in and damage your profit margins. If you aren’t able to predict and manage these costs, you risk a declining margin that can put pressure on your business’s viability.
Lower returns on investments
Sweating your assets effectively is key to delivering a return on your investments and locking in robust profit margins. When you can’t protect your margins, you place pressure on your team and your shareholders, plus put your business’s viability at risk
Help with modelling cost drivers
Cubewise and IBM Planning Analytics / TM1 enable highly advanced financial modelling that can take the complexity of your cost structure and break it down into key drivers that can be dynamically forecast. This allows for a nuanced understanding of what affects your profitability, setting the stage for better risk management and bringing issues to your attention well before they have an outsized impact.
Improve your scenario planning, protect your profitability, and manage your resource allocation
Transport and logistics excellence relies on data-driven decisions that are timely and precise. When you implement a Cubewise solution, you implement a highly advanced system capable of analysing demand for your product, costs and drivers – in all their complexity – so you can make better decisions on a day-to-day basis. This can have a positive knock-on effect and completely transform your business’s results.
Get in touch today so we can show you how better data processing, modelling and analysis can put you in control of your destiny and unlock your business’s growth potential.
Talk to us today and let’s overcome the challenge together.
When a system is unable to adapt to changing business circumstances, it can be tremendously frustrating for all who work with it. Things must go on, of course, and so users will resort to building tedious workarounds, simplifications and shortcuts that only serve to kick the can down the road.
Don’t accept that your business processes are incapable of adapting to fast-moving market changes. Contact us to find out how easy it can be to implement efficient and practical planning, reporting and forecasting workflows.
