My criticisms of variance analysis are directed at its use to analyse performance. This shouldn’t be taken to mean that I believe all forms of comparison are invalid. Quite the contrary. A number in isolation signifies nothing. It has to be compared to something else to mean something – the issue is what should it be compared to and what conclusions can be drawn from this?
The bloodstream of all organisation is its sales and purchase transactions and it is undoubtedly one of your most critical data sources. To be successful with your digital transformation – data is key.
Here is an expanded example of where the transformative journey should begin.