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Siebel Forecasting Guide > Setting Up Forecasting > Types of Forecast Series > Creating a Departmental Forecast SeriesThe departmental forecast can be used as a supplement to other forecasting methods mentioned in this chapter. In many companies, the global forecast is only be available to a few individuals. The departmental forecast provides divisional or departmental managers with a way of taking a snapshot of their revenues for historical or analytical purposes. The departmental forecast is an example of a corporate snapshot type of forecast.
Compared to the personal forecasts, the departmental forecast requires a very low amount of overhead and almost no administration. It gives timely information with no requirement for intervention and adjustment. Example: At company DEFG, there is an overlay sales group for every product line. The managers of these sales groups need periodic snapshots of their product specific revenues. Although each manager runs a small business, no individual manager is allowed to see how the other product lines are doing. When the managers do not think a revenue item is realistic, they ask the user to change it. The user's committed forecast total is equal to the sum of each of their revenues that meet the company's forecasting rules. Use the departmental forecast if: Do not use the departmental forecast if:
To create a departmental forecast series
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