Haggar Group Success Story

Success Story | Haggar Group

Haggar Group got Planning Efficiency Boost: Cycle Time Cut by 86%

Company

Haggar Group

Location

Sudan

Employees

500+ Employees

Linkedin

Haggar Group

Industry

Agriculture

PerformDay Solution

Oracle EPM

Cost Visibility: The Finance and Operations teams lacked visibility into critical cost drivers affecting both Cost of Production and Cost of Goods Sold.
Manual Processes: Planning, forecasting, and reporting were manual and time-consuming, leading to lengthy forecast cycle times.
Budgeting Coordination: Streamlining budgeting and forecasting processes across the organization and various plant sites posed a challenge.

Driver-Based Modeling: Haggar adopted operational drivers (e.g., Unit Consumption Factors, Unit Price, Raw Materials Cost, Amortization/Depreciation, Hourly Labor %) to predict financial performance. They captured the essential business models—the Nitrogen value chain (from Raw Materials to Loading & Shipping) and the Phosphate value chain (from Mining & Milling to Loading & Shipping).
18-Month Rolling Forecast: The company implemented a dynamic, continuous planning approach, allowing for agile resource allocation.
Integrated Costing Model: Haggar used a periodic weighted average to assess product accumulation at producing locations over specific periods.

Haggar Group achieved remarkable results in planning accuracy that resulted in:

Planning Efficiency: The planning cycle time was reduced by 86%, enhancing overall efficiency.
Streamlined Processes: Processes were streamlined across 12 domestic and international plant sites.
Adaptability: Shifting from annual budgeting to a continuous, rolling forecast provided forward visibility and adaptability to changing financial conditions.
Forecast Accuracy: Improved accuracy, credibility, and quality of forecasts.
Cost Management Precision: Multi-scenario and “what-if” capabilities minimized the need for financial buffers.