JYSK: Optimized budgeting with cost forecasting

Precise and data-driven cost forecast to strengthen budget process for JYSK

Del

Client

Jysk

Industry

Retail

Services

Data Science

Technology

Challenge

JYSK wanted a more precise and data-driven cost forecast as input to the budget process. They had tried to develop a forecast internally, but lacked the necessary experience and competencies within advanced statistical modeling.

Solution

In close collaboration with JYSK, a statistically robust forecast model was developed. The work was grounded in deep insight into data, business and processes, and the tool was designed to be intuitive in use and interpretation.

Result

JYSK gained a more precise forecast and a solution that strengthens their budget process without the need for major adjustments along the way.

The opportunity to collaborate on-site made a big difference. The close dialogue, ongoing sparring and development fits well with JYSK.

- Anders Sylvest, Director, Controlling & Loss Prevention, Finance Nordic at JYSK

Data experts ready to advise you

We have worked across a wide range of industries and functions - and we use that experience to create solutions tailored precisely to you. That's how we work. Every time.

Good decisions start with insight. And that doesn't come by itself. Data must be found, quality assured, organized, transferred, modeled, reported, disseminated, understood, interpreted and thus create insight. That is the craft we are passionate about.

Explore cases

Data Science

The analysis enabled us to dive into segments with low market share and create targeted strategies for customers with untapped potential. The analysis can be implemented across markets and industries.

Henrik Løvig, CEO at BoligPortal

Data Science

Forecasting

It becomes a win-win all around at Home – for management, franchisees, employees, and customers.

Hans Henrik Buchreitz, HOME

Data Science

The opportunity to collaborate on-site made a big difference. The close dialogue, ongoing sparring and development fits well with JYSK.

Anders Sylvest, Director, Controlling & Loss Prevention, Finance Nordic at JYSK

BI Reporting

Customer Insight

Customer insights have now become so easily accessible that users in the business have become more self-sufficient. Customer measurements have now gained high priority with us.

Carsten Wiberg, Customer Insight Manager at Norlys

BI Reporting

The collaboration has been characterized by a direct and informal dialogue as well as effective execution. Given that two of our core values are Simplicity & Action, it has been a great match.

Michael Traberg, Digitalization Director at Vestjysk Bank

Explore cases

All businesses are different

Different businesses require different solutions. We are used to that. From Danish retail companies to global brands, we have developed solutions that convert data into overview, insight and action opportunities.