"When we took the strategic capital plan before our board, the numbers behind that were from the optimization model. Whether I’m modeling a dryer, a process, a plant, or a business, the thing about EO is that it’s scalable and they can all be connected together to model at any depth."
"The big value in our project was not getting the answer, but getting the value of the constraints. The opportunity value of changing one of the constraints like a policy, cost, volume, capacity, etc. We could finally show people in a meeting what it would cost to move away from the best answer, and implement your new policy."
"We exited an entire business unit because we realized that it was unprofitable. We’d been in that business for 25 years. Those are the kind of induced insights we’ve got from EO. This is something that should be a core competency to every company. Your business is too complex to just run on Excel."
"The high level of complexity and competitiveness in our industry requires us to continually find more efficient solutions that improve our EBITDA. The IBP solution enables us to accurately model the business, including the financial and operational complexities and through the application of prescriptive analytics providing us with the superior decision-making ability required in modern management."
FEI and Grant Thornton highlight how four companies have found the "holy grail of business planning" and are proactively shaping outcomes. Read More...