Process Modelling & Forecasting

The working world is changing fast. New technologies, globalization and the resultant competitive pressures, lead organisations in all industry sectors to the conclusion that it is an absolute necessity for their business to adapt, innovate, or diversify. Often it is the fear of failure that drives businesses to develop and optimize their businesses.

Change or perish, is a corporate truism, but it can also be true for some companies that change and perish can apply. So why do some companies get it right, and others get it wrong? The answer lies in the change management process, and the extent to which attention is paid to risk management.

Where change affects a process or series of processes, the project team/change management team must pay close attention to the implications of the proposed changes on the resources, the working environment, timescales, etc. More and more businesses are beginning to see the need for tools that allow them to evaluate change, and enable them to model business processes, and examine various strategies to overcome the potential risks.

Equally, businesses are also embracing the modelling and forecasting techniques and tools to overcome the potential "corporate memory loss" that often occurs within a business and its processes. Companies realise the need to document their business processes and now have tools available to rationalize and justify future business development, using gathered process level management information to support their business argument for change.

How can Entity Help?

Business and process modelling is a vast arena of research and practice, and can be quite daunting to the uninitiated. Entity brings a refreshingly simple approach to the task, and can help you to define and document processes using simple tools and techniques. Entity has built operational process models using standard Microsoft products that can then be deployed across an organization to keep management informed.

Where processes are heavily consumer demand driven, Entity can bring another dimensions to this process, using forecasting tools and techniques to understand the demand patterns and underlying trends, and to use this information to project likely future demand. In this manner, the models can fulfill an operational role, being used to determine the likely completion of a task, or monitor where a process is in control or out of control (using 'what if' methods to determine acceptable control limits for processes).

For more information on how we might be able to help, call Entity.

The following case studies illustrate how Entity used Modelling and Forecasting to solve real life problems for two starkly different business requirements.

Toyota
The Qualifications and Curriculum Agency