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Business Planning Optimization

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Service Overview:

Why do we need business decision optimization?
Irrespective of the size of a company, business decisions have deep implication for a company’s survival, growth, and shareholder value. Many companies, small and large corporations alike, still make poor decisions based on intuition and guesswork. A poor strategic decision could threaten the very survival of the company. As the stakes are high, business decisions have to be the best (near optimal and practical) as they possibly can.

Decision science is a branch of management studies that helps us to solve such business decision problems by using a mix of mathematics, business knowledge, and IT. Data-driven analytical models can improve the decision making dramatically. Once implemented as DSS (Decision Support System), these scientific models can be used to identify alternative decisions in no-time, if and when there is any change in business environment or customer needs.

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TechFeat Consulting helps you eliminate the guesswork out of managerial decision making. Using advanced analytical models and integrating Business Intelligence with your decision support systems, TechFeat Consulting helps to automate decision making, thus eliminating inconsistencies and inefficiencies in the plan.

We help you to "do more with less", thus improving ROI and gaining competitive advantage.

Objectives
The client objective could be any one or more of the following issues:

  • Understand the business needs
  • Analyze the cost, revenue, and profit drivers
  • Identify business objectives
  • List out operational and investment constraints
  • Develop analytical models
  • Suggest optimal decisions, plans, and schedules
  • Implement models as decision support systems based on business intelligence
  • Integrate with the existing IT

Why TechFeat Consulting?
TechFeat Consulting is having consultants with industry experience blended with IT experience; many are graduated from IITs and IIMs. Their expertise can be leveraged to understand client’s business related pain areas for viable business solutions. Our management consultants, with 25+ years rich experience in various industries, shall provide cost effective, ROI focused and implementable holistic solution.

Benefits

  • Greater insight into business
  • Better informed decision making
  • Dynamic pricing, resulting in more revenue
  • Improved scheduling
  • Better plans (strategic, tactical, operational)
  • Increased productivity
  • Enhanced business performance
  • Reduced cost and investment
  • Reduced Risk
  • Improved ROI

Tools and Techniques

  • Operation Research
  • Excel, FortMP, CPLEX, solvers
  • AMPLStudio and OPLStudio
  • Mathematical Programming (LP, IP, MIP)
  • Stochastic Programming
  • Constraint Programming

Business Value

  • Greater insight into business
  • Better informed decision making
  • Dynamic pricing, resulting in more revenue
  • Improved scheduling
  • Better plans (strategic, tactical, and operational)
  • Increased productivity
  • Enhanced business performance
  • Reduced cost and investment
  • Reduced Risk
  • Improved ROI
 

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