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Category archives: AIMMS

Is it time to finally retire your spreadsheets?

Posted on January 11, 2018 by Leave a reply

table-2816806_1280According to a recent Wall Street Journal article, finance chiefs are cutting back on Excel because it hasn’t “kept up with the demands of contemporary corporate finance units.” “I don’t want financial planning people spending their time importing and exporting and manipulating data, I want them to focus on what is the data telling us” – Adobe Inc.’s finance chief Mark Garrett tells WSJ journalist Tatyana Shumsky. This mood prevails among supply chain executives as well.  

Spreadsheets still dominate planning in the supply chain. We recently commissioned Supply Chain Insights to conduct independent research on supply chain network design, and 65% of the companies surveyed are reportedly using spreadsheets to support this process. Spreadsheets are familiar, inexpensive and convenient. But they pose serious setbacks for organizations: 

  • They are practically never integrated with other systems 
  • They are not updated automatically 
  • The logic behind them is often only clear to those who create them and often dies when somebody leaves, making collaboration difficult 
  • Analyses are often slow given that you can only work with a certain amount of data 
  • Version control is hard

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This entry was posted in AIMMS, Prescriptive Analytics, SC Navigator, Spreadsheets on by .
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