Having large amounts of data does not guarantee better decision-making. This was the conclusion reached by Hastings Deering before embarking on the modernisation of its planning processes. By adopting CCH Tagetik, the company unified its data and processes to improve the quality of its forecasts and gain greater visibility into its operations.
Hastings Deering, a leading industrial equipment provider
Hastings Deering is one of the leading Caterpillar equipment dealers in Australia and the Pacific. The company supplies machinery, spare parts and maintenance services to industries such as mining, construction, agriculture, energy and infrastructure. To support its operations, it relies on planning processes capable of handling large volumes of data and coordinating several business functions.
The challenge: making full use of a wealth of data
Before its transformation, Hastings Deering had a significant volume of data spread across several systems and numerous Excel files. While this information was plentiful, it was difficult to consolidate and analyse, limiting its value for decision-making.
The finance and supply chain teams worked with largely manual processes, while forecasts were mainly based on historical orders. This organisation limited long-term visibility and made it more difficult to optimise inventory levels.
The solution: integrated planning with CCH Tagetik
To modernise its processes, Hastings Deering selected CCH Tagetik to integrate demand and supply chain planning within a single platform. The company thus created a “golden thread”, connecting information from different sources in a shared repository.
This centralisation provides teams with a consistent view of the data and facilitates collaboration between finance and supply chain functions.
The results: better-informed decisions
Thanks to this transformation, Hastings Deering is improving the accuracy of its forecasts by drawing on both historical and the most recent data. The company also benefits from better visibility into its inventory and its medium- and long-term planning outlook.
This success story shows that an integrated planning strategy is not just about centralising data. Above all, it makes it possible to turn dispersed information assets into a genuine driver of decision-making, collaboration and operational performance.
source: CCH Tagetik
