Optimal tactical decisions make your life a lot easier .
More profit
More efficient processes
Higher market share
Lower risk
Examples
What are tactical decisions?
What will be the layout of my building plot? What will product x cost and where do I offer it? These are all examples of tactical decisions that concern the core of your company.
With a tactical decision, you balance the various interests – such as inventory, revenue, margin and business risk – that are necessary for your organization to thrive and grow. You make these decisions day in day out and the interests are great: all the more reason to base them on good data and analyses.
Preconditions for optimal tactical decisions .
In order to make good, fundamental tactical decisions, six preconditions must be met.
Management
Will, enthusiasm and commitment from management is the starting point.
Data
You then map out which data is available internally and externally.
Models
The data is needed to create models & nurture business rules that ultimately suggest decisions.
Algorithms
Optimization algorithms are used to define the best decision.
Tooling
Tooling is necessary to be able to run these models on a frequent basis and to make decisions transparent.
Organization
Finally, the organization must frequently start working with the models. A crucial, final step.
Tactical Decision Making Framework
6 preconditions for optimal tactical decisions .
Management
Will, enthusiasm and commitment from management is the starting point.
Data
You then map out which data is available internally and externally.
Models
The data is needed to create models & amp; nurture business rules that ultimately suggest decisions.
Algorithms
Optimization algorithms are used to define the best decision.
Tooling
Tooling is needed to run these models on a frequent basis and make decisions transparent.
Organization
Finally, the organization has to work frequently with the models. A crucial, final step.
