Business Management White Papers
Optimize Your Warranty Reserves: Sophisticated Data Modeling and Automated Forecast Accuracy Is the Key to Right-Sizing Your Warranty Reserves and Putting That Lazy Capital Back to Work
Overview The good news is that best practices and available information technologies can redefine the way warranty reserve forecasting is performed. An organization can extract data from its present operational systems, apply sophisticated modeling and forecasting techniques to this data, and generate forecasts that are significantly more accurate than what manual methods and spreadsheet programs can achieve. Some companies report that automated optimization routines reduce their error rate from more than 20 percent to 5 percent, or better. This paper outlines some of the pitfalls of traditional methods, the best practices that can transform the process, and the significant monetary gains that can be achieved by improving the accuracy and adaptability of warranty reserve forecasts.
| Publisher | SAS Institute | File Format | |
|---|---|---|---|
| Date Published | May 2007 | ||
| Format | White Papers | ||
| Topics | |||
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