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What-If
Analysis
The VIP delivery company uses 'What-if analysis' to :
Decreases
Risk:
'What-if analysis' allows the company to predict better outcome of their
decisions, lowering the risk normally associated with decision-making. For
example, before raising prices by 10%, a manager can use 'What-if analysis' to
predict whether or not that change will help or hurt business.
Reduces decision time: 'What-if analysis' lets the company quickly test a wide variety of scenarios using real-time data pulled straight from the database. There’s no need to collect data or run different reports for different scenarios. It lets users make quick decisions based on the most up-to-date data possible.
Improves decision-making: 'What-if analysis' predicts which decisions will help business and which will hurt business. Additionally, it may bring attention to previously overlooked changes that might benefit the company.
Reduces decision time: 'What-if analysis' lets the company quickly test a wide variety of scenarios using real-time data pulled straight from the database. There’s no need to collect data or run different reports for different scenarios. It lets users make quick decisions based on the most up-to-date data possible.
Improves decision-making: 'What-if analysis' predicts which decisions will help business and which will hurt business. Additionally, it may bring attention to previously overlooked changes that might benefit the company.
"What-if
analysis is really a must-have tool for any decision maker" says Brian
Crowley, mrc’s Director of Development. "The ability to predict outcomes
before they happen is extremely valuable in the current economic climate."[1]
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