JYSK: Optimized budgeting with cost forecasting
Precise and data-driven cost forecast to strengthen budget process for JYSK
Client
Jysk
Industry
Retail
Services
Data Science
Technology
Challenge
JYSK wanted a more precise and data-driven cost forecast as input to the budget process. They had tried to develop a forecast internally, but lacked the necessary experience and competencies within advanced statistical modeling.
Solution
In close collaboration with JYSK, a statistically robust forecast model was developed. The work was grounded in deep insight into data, business and processes, and the tool was designed to be intuitive in use and interpretation.
Result
JYSK gained a more precise forecast and a solution that strengthens their budget process without the need for major adjustments along the way.
The opportunity to collaborate on-site made a big difference. The close dialogue, ongoing sparring and development fits well with JYSK.
- Anders Sylvest, Director, Controlling & Loss Prevention, Finance Nordic at JYSK
Data experts ready to advise you
Data experts ready to advise you
We have worked across a wide range of industries and functions - and we use that experience to create solutions tailored precisely to you. That's how we work. Every time.
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