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Leggett & Platt Case Study: Oracle Hyperion Profitability and Cost Management for Shared Services Co
Topic: Planning
Owner: Cynthia Moehlman
Date: 2013-06-24
Subtopic: Case Studies

In this session, you will learn more about Hyperion Profitability and Cost Managment through an introduction, benefits, project approach best practices and lessons learned.

Additionally, the Leggett & Platt case study will be shared. Leggett and Platt is a Diversified manufacturer with 19 business units across 18 countries conceives, designs and produces a broad variety of engineered components and products for customers worldwide. Their issues include pricing and costing challenges including: limitations of standard costing, cost plus pricing, market based pricing, market share driven growth versus profitable growth.

Leggett and Platt engaged with MarketSphere to create an integrated platform to achieve value overtime leveraging the proven MarketSphere A3 methodology; Built upon a foundation that started with the implementation of Hyperion Planning and Hyperion Financial Management integrating with HPCM; Built EPM system to scale and adapt to business changes and growth; Defined new management operating model integrating all reporting, planning and performance management processes; Identified and defined 18 key metrics across finance and operations; Created ability for all business units and manufacturing facilities to make real decisions impacting individual and corporate success; Improved data integrity and governance strategy across the global enterprise

The follwing benefits & value achieved will be described on how the implementation provided customer & product profitability in a systemic fashion, at the right level of granularity and activity drivers; ability to understand profitability and cost across the business to improve performance and drive profitable growth; Improved drivers of cost & profitability to use insights to guide actionable results; leveraged Oracle Hyperion Profitability and Cost Management (HPCM) to solve a need to focus on profitability improvement, enabled a set of models to enhance allocation methodology to products and customers; provided transparency into costs, and to create customer and product profitability reporting for its manufacturing processes.

Download File   cmoehlman.ImprovingProfitability.pdf

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