Driver based planning

 · Driver-based planning is an approach to management that identifies an organization's key business drivers and creates a series of business plans that mathematically model how those things most necessary for the organization's success would be affected by different variables. The goal of driver-based planning is to focus business plans upon the Estimated Reading Time: 1 min.  · Driver-based planning is intended to support you in integrating risks and opportunities into your periodic demand planning cycle. Of cause, you can easily just adjust your planned sales quantities manually in the planning interface; instead, Driver-based planning captures important business events with their qualitative and quantitative information in a Estimated Reading Time: 5 mins. Key Benefits of Driver-Based Planning. There are several benefits to a driver-based plan, which is why it has become more popular in recent years among companies. Here are a few benefits: Define Your Drivers. Every business has those few key indicators that can give a snapshot of overall performance.

Driver-based planning is a method of forecasting that focuses on the key drivers of business results. This is different than key performance indicator (KPI) reporting, which is also a crucial component of financial modeling. Think of it this way: Your stakeholders have goals. Driver-based planning is characterized by using formulas that rely on a thorough understanding of the relationship between the independent and dependent variables used to model outcomes. A simple example of driver-based modeling is forecasting sales by using a rate multiplied by units formula. The overarching objective is to get away from the traditionally long and arduous focus on the budget and emphasize a rolling, driver-based forecast that identifies the specific data elements and business drivers that really move the needle.

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