Topic: "Analytics-Based Enterprise Performance Management (EMP)"
Enterprise performance management (EPM) is viewed as the seamless integration of managerial methods such as strategy execution with a strategy map and its companion balanced scorecard (KPIs) and operational dashboards (OPIs); enterprise risk management (ERM); capacity-sensitive driver-based budgets and rolling financial forecasts; product / service / channel / customer profitability analysis (using activity-based costing [ABC] principles); supply chain management; lean and Six Sigma quality management for operational improvement; and resource capacity spending planning. Each method should be embedded with business analytics of all flavors, such as correlation, segmentation, regression, and clustering analysis; and especially predictive analytics as a bridge to prescriptive analytics to yield the best (ideally optimal) decisions. This presentation will describe how to complete the full vision of analytics-based enterprise performance management.
Attendees will learn how the seamless integration of enterprise performance management (EPM) methods that are each embedded with advanced analytics will exponentially increase an organization’s operational and financial performance.
Key takeaways:
• How strategy maps and their companion balanced scorecards communicate strategic objectives with target-setting to help cross-functional employee teams align their behavior to the strategy and better collaborate.
•. Why measures of channel and customer profitability and customer value are now superceding product and service-line profit margin measures – and shifting from product to customer-focused organizations.
• Reforming the broken annual budgeting process with performance-based budgeting that links strategy to operations and is process volume sensitive rather than simply incremental at each cost center.
•. Why business analytics, with emphasis on predictive analytics and pro-active decision making, is becoming a competitive advantage differentiator and an enabler for trade-off analysis.
Gary’s Biography:
Gary Cokins is an internationally recognized expert, speaker, and author in advanced cost management and performance improvement systems. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA from Northwestern University’s Kellogg School of Management in 1974.
Gary began his career as a strategic planner with FMC’s Link-Belt Division and then served as Financial Controller and Operations Manager. In 1981 Gary began his management consulting career first with Deloitte consulting, and then in 1988 with KPMG consulting. In 1992 Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS) now part of HP. From 1997 until 2012 Gary was in business development with SAS, a leading provider of enterprise performance management and business analytics and intelligence software.
His authored books are Performance Management: Finding the Missing Pieces to Close the Intelligence Gap (ISBN 0-471-57690-5); Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics (ISBN 978-0-470-44998-1); Activity-Based Cost Management – An Executive’s Guide (ISBN 0-471-44328-X); Predictive Business Analytics (ISBN 978-1-118-17556-9); and Supply Chain Costing and Performance Management (ISBN 978-1-119-79363-2). They are published by John Wiley & Sons. Mr. Cokins can be contacted at gcokins@garycokins.com .
Linkedin.com contact:
http://www.linkedin.com/pub/gary-cokins/0/15a/949