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Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Documents related to » about forecast accuracy scm


How to Improve the Accuracy of Your Forecasts
Increased competition, lower margins, and more customer demands mean that distributors have to provide better product availability and more services with fewer

about forecast accuracy scm  a weighted average of about 134 pieces. A forecast of 134 pieces appears to be better than the previous estimate of 117 pieces, but it will probably still fall short of July''s actual usage. But remember that past usage is just one element of a comprehensive forecast. Trends No average of past usage can result in a forecast that is greater (or less) than the largest (or smallest) usage quantity included in the calculation. If usage is either consistently increasing or decreasing over time, a trend Read More
The Art, Science & Software Behind (Optimal) Retail Pricing - Part 5
Part 1 of this series expanded on some of TEC’s earlier articles about companies’ need for better pricing management and optimization practices. This series

about forecast accuracy scm  lines, Revionics’ customers talk about sales increases of up to 5 to 10 percent,  net profit margin  increases of 1 to 3 percent (100-300  basis points ), and productivity increases of 20 to 30 percent. Revionics points out that a 1 percent improvement in forecast accuracy frees $14 million of excess inventory for a $1 billion retailer, while the optimal service level equals minimum total cost, generally speaking. Last but not least, DemandTec’s assortment optimization example features a $10 Read More
Infor Joins the S&OP Fray
With the release of Infor S&OP 1.0, Infor dispels rumors that it’s not an aggressive product innovator. Learn about the features and functions of Infor S&OP 1.0

about forecast accuracy scm  have a champion passionate about the process that drives adoption and adherence. What happens is that person goes or does not exist? Strong executive leadership will always be needed to underpin a successful process, but some of the pressure can be taken away if the adherence to the agreed-upon process is executed and measured by technology. TEC: Can the S&OP process be carried out without technology? Does this relate to the S&OP maturity model? Infor: Yes. You can run a business without ERP, but at some Read More
Identifying the ROI of a Software Application for SCM Part 1: We Need To Know Now
If you are not experiencing organizational stress in some of the areas where the benefits may occur, then perhaps a decision to invest in supply chain

about forecast accuracy scm  Fast, reasonably accurate information about the impact of a software investment decision grows more critical. Many decision-makers look for an exact forecast of return on investment (ROI) from the purchase of a supply chain management application. At least four very real challenges make such perfect information elusive. Commonly, executives meet these challenges with responses that are not carefully considered. The challenges and the corresponding reactionary refrains are as follows: Limited time exists Read More
Identifying the ROI of a Software Application for SCM Part 3: Performing the Data Analysis
By using software tools that help you forecast and work together with others inside your organization, and even with your customers, the forecasts may become

about forecast accuracy scm  Fast, reasonably accurate information about the impact of a software investment decision grows more critical. Many decision-makers look for an exact forecast of return on investment (ROI) from the purchase of a supply chain management application. At least four very real challenges make such perfect information elusive. Commonly, executives meet these challenges with responses that are not carefully considered. The challenges and the corresponding reactionary refrains are as follows: Limited time exists Read More
Reference Guide to Supply Chain Management (SCM) Features and Functions
This guide to supply chain management (SCM) functions/features will help you determine which SCM features are a high priority for your organization. Learn about

about forecast accuracy scm  would like more information about full listings of enterprise software functions and features (SCM, ERP, and other enterprise software categories), please see TEC’s RFP Templates .   Supply Chain Management (SCM) Software Functions and Features   SCM functions and features, submodule #1: warehouse management system (WMS) Functionality This category includes the general warehouse management functionalities such as warehouse configuration, bin location and product setup, inventory control, license Read More
What Small Businesses Should Know about CRM
For small businesses with limited budgets and IT support, customer relationship management (CRM) has been out of reach. Until now, these small companies have

about forecast accuracy scm  Small Businesses Should Know about CRM For small businesses with limited budgets and IT support, customer relationship management (CRM) has been out of reach. Until now, these small companies have missed out on the benefits provided by CRM because most applications were built for larger companies. New technology, however, has now emerged that levels the playing field for these smaller businesses by providing a fully customizable and affordable CRM system. Read More
Dispelling 7 Common Misconceptions about Online Backups
Are you still using tape, compact disc, or zip drives to do manual data backups? If you still don’t believe an automated online backup is the best way to

about forecast accuracy scm  7 Common Misconceptions about Online Backups Are you still using tape, compact disc, or zip drives to do manual data backups? If you still don’t believe an automated online backup is the best way to protect your data, you should take a closer look. Learn what the seven misconceptions about online backups are, and why you shouldn’t worry about transferring your critical business data over the Internet—remote data backup isn’t as hard as it seems. Read More
Simple SCM Document Exchange
Abrica.net is a

about forecast accuracy scm   Read More
Impartial Research About Enterprise Software Is Hard to Find
A software selection project requires a well thought out plan that details what you need from a new or updated solution. The process often begins with careful

about forecast accuracy scm  Research About Enterprise Software Is Hard to Find A software selection project requires a well thought out plan that details what you need from a new or updated solution. The process often begins with careful research and determining and prioritizing your functional and technical software requirements. While doing your homework, you’ll no doubt come in contact with a plethora of vendor white papers and marketing collateral to help you grasp the capabilities of their solutions. However, if Read More
Fixed Assets: Why They’re about More than Depreciation


about forecast accuracy scm  Assets: Why They’re about More than Depreciation Read More
SCM Buyer’s Guide 2012: Adapting to Challenging Times and Circumstances
TEC is coming up with four new buyer’s guides for 2012, and one slot is reserved for supply chain management (SCM) solutions. My main reason for pushing for

about forecast accuracy scm  chain. I’ll also talk about how to establish a fluid network that will allow a more flexible and responsive supply chain structure. Best Practices for Achieving Insight into the Supply Chain There are a number of elements that are critical to supply chain visibility. Chief among them is data management—and ensuring that the information your partners need is available. Too often some new business process brings out an element that needs to be tracked within a supporting infrastructure that doesn’t Read More
Why and What You Should Know About KWI
It is all about the customer experience, as every retailer knows, and enabling a real-time cloud-based mobile platform can help them provide true seamless

about forecast accuracy scm  What You Should Know About KWI Mobility could be seen left and right at the recently held National Retail Federation ’s (NRF) BIG Retail Show. The idea on display was that mobile devices will soon, if they’re not already, be the only tool that sales associates need to have in their hands to engage with their customers. It is all about the customer experience, as every retailer knows, and every customer request and interaction should be enabled in a real-time cloud-based mobile platform for retailers Read More
Workday 21—All about a New User Experience
Workday releases version 21 of its HR solution with a focus on a new user experience, and much more. Get the details in Raluca''s blog post.

about forecast accuracy scm  21—All about a New User Experience Workday has recently announced a new user experience as part of the 21st release of its solution. The new architectural and visual redesign complement other trendy technologies that the vendor has embraced—i.e., cloud and in-memory database. During the past 5 months, Workday—inspired by the consumer Internet—has worked on applying a minimalistic style to its user experience. In an analyst briefing with me, Joe Korngiebel, vice president of user experience Read More

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