PharmaACE Forecasting Solution Overview Quiz
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PharmaACE Forecasting Solution Overview Quiz

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Questions and Answers

What was the main problem faced by the business before implementing PharmaACE solution?

  • Inefficient knowledge management
  • Lack of reports feeding into the Hyperion system (correct)
  • Lack of integration between forecasting and technology
  • High employee turnover

    • What impact did the PharmaACE solution have on reporting?

  • Real time reporting and automated reports (correct)
  • Decreased consolidation of portfolio view
  • Increased reliance on extensive PowerPoint reporting
  • No significant impact on reporting

    • What did the PharmaACE solution enable in terms of knowledge management?

  • Host all models at individual workstations
  • Central repository for knowledge and version management (correct)
  • Outsourcing of knowledge management
  • Standardization of knowledge management processes

    • What was the relationship between PACE tool integration and forecasting results?

    <p>Led to short turn around and high-quality outputs</p> Signup and view all the answers

    What was the primary benefit of the PharmaACE solution in relation to the Hyperion system?

    <p>Reports which are direct feed to the financial Hyperion system</p> Signup and view all the answers

    What is the primary function of the PACE Tool in the PharmaACE solution?

    <p>Integration of all forecast models with the PACE Tool</p> Signup and view all the answers

    How did the PharmaACE solution address the lack of reports feeding into the Hyperion system?

    <p>Created short turn around time and high-quality reports</p> Signup and view all the answers

    What was the impact of integrating forecasting with technology in the PharmaACE solution?

    <p>Real time reporting and automated reports</p> Signup and view all the answers

    What did the PharmaACE solution enable in terms of knowledge management?

    <p>Hosting of all models at the central repository for knowledge / version management</p> Signup and view all the answers

    What was the main problem faced by the business before implementing PharmaACE solution?

    <p>Manual process to consolidate for portfolio view</p> Signup and view all the answers

    Study Notes

    Forecasting Solution Overview

    • PharmaACE Forecasting Solution provides a centralized repository for all forecasting models, maintaining a history of forecast versions.
    • Forecast data is stored at a centralized location, organized by asset and project.

    Model and Version Management

    • The model repository is maintained by project, ensuring that history is retained.
    • Forecast versions, including final submitted and interim versions, are maintained in one place.
    • Access levels can be managed for each version by user or user group.

    Consolidation and Reporting

    • Consolidation of data occurs across the portfolio.
    • Live reporting is enabled through the linking of forecast outputs with business intelligence systems in real-time.
    • Reporting is available through web-based and app-based solutions.
    • Assumption documentation is stored for all previous forecast submissions.
    • Data feeds are linked and stored across forecasts.

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    Description

    Test your knowledge on the PharmaACE Forecasting Solution overview, including topics like forecast model management, consolidation, real-time data update, and centralized storage.

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