Southampton, 3 - 4 July, 2017
Judy Nolan is a Six
Sigma Black Belt at Rolls-Royce, a corporate role that is involved
in improvements across the company. Rolls-Royce is a global business
providing integrated power systems for use on land, at sea and in
the air.
Judy has held a number of analytical roles within Rolls-Royce and
other companies that covered safety, market intelligence and credit
risk assessment. The roles in Rolls-Royce have covered the
functional management of all the forecasting processes across the
company. As part of the forecasting role, she has regularly
presented at IBF conferences and hosted IBF events at Rolls-Royce.
She has recently moved into process improvement and has held a
number of process improvement and management roles.
Judy has a Pure Mathematics and Statistics degree from the
University of Sheffield and is a Chartered Mathematician and trained
in Six Sigma.
TITLE OF TALK: Importance of Data in Forecasting and
Inventory Management
ABSTRACT: With the increase in levels of data
generated and stored by companies and the ability to analyse this
data, it is increasingly important to understand the data supply
chain. This is especially important in terms of how this data is
communicated and understood.
For forecasting, reliable data is key to creating a reliable and
accurate forecast that provides the basis for optimal inventory and
supply chain stability.
In this talk, I shall review what data is collected in Rolls-Royce
and how this is communicated and used for forecasting and inventory
management field.
Key learnings: (1) The power of data for good and bad; (2) Use of
data within Rolls-Royce; (3) The key learnings from Rolls-Royce on
the use of data