Supply Chain Forecasting & Planning: Move On from Microsoft Excel?

Surveys of business use of forecasting support tools reveal that MicrosoftÕs Excel spreadsheet software continues to reign supreme in smaller organizations. As Sujit Singh explains, there are many virtues to this solution; however, the balance of pros and cons begins to tip as organizational size and complexity increase. Sujit provides a comprehensive examination of the efficacy of relying on Excel to support the forecasting and planning functions and then describes the gains and costs of moving up to a best-of-breed planning application. Copyright International Institute of Forecasters, 2013