Driver-based model- trends factors affecting its adoption

Naveen Kunnathuvalappil Hariharan

MPRA Paper from University Library of Munich, Germany

Abstract: Despite the fact that the notion of driver-based modeling is not new, many businesses have implemented it to support detailed business unit planning. This study highlights a few dimensions about the driver-based planning models. First, it highlights the recent trend and practices of adoption of driver-based models. Second, it discusses the fundamental reasons for adopting the driver-based planning model. As the examples of this trend, we investigated the uses of these models in two different sectors, namely, chain restaurant sector, and Fast-Moving Consumer Goods (FMCG) sector. The findings show that people are attempting to forecast more regularly, which is why adoption and curiosity are so popular. Another reason driver-based models are becoming more popular is the increased availability and visibility of data that ERPs and other technologies have enabled. Another reason of employing driver-based modeling is that the necessary technology is now available and affordable.

Keywords: chain restaurant sector; Driver-based model; FMCG (search for similar items in EconPapers)
JEL-codes: G30 G31 (search for similar items in EconPapers)
Date: 2017-10
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Published in Journal of Emerging Technologies and Innovative Research (JETIR) 10.4(2017): pp. 865-869

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:109510

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