Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care.
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.
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.