Forecasting Model and Process for Warranty Provision Management

March 30, 2014 in News by qvs

Forecasting the future is crucial for organisations being business pro-active. Within Finance this leads to new requirements for forecasting techniques and forecasting reliability related to planning for both Management Accounting and Financial Accounting purposes.

forecasting finance

For Philips Consumer Lifestyle, QVS Consulting is designing and implementing a new forecasting process and model for future Cost of Non Quality under Warranty conditions. A forecasting model, harmonized processes, controls and reports are designed and build for Europe and are planned to be deployed globally. QVS Consulting is in the lead, supported by a Philips team, Infosys team and CQM consultants.