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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...
SAP SCM-Stepping Out of Obscurity
Major new SAP products are being released in the realms of supply chain management (SCM), manufacturing execution systems (MES), and product lifecycle

about forecast accuracy scm  The approach is all about optimizing processes and compressing time to improve productivity. The Visual Enterprise provides visual navigation and query of product information and graphical animation of procedures (see Figure 1), the idea being to reduce information and process complexity, increase comprehension, enable a faster learning curve, and ensure accurate quality operations execution with reduced ambiguity. SAP is not the only game in town here, as Siemens is soon to release its Active Workspace 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...
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...
Software Estimation How to Go About It
While many software professionals know one or more software sizing techniques@most have a reasonable understanding of function point analysis (FPA) or use case

about forecast accuracy scm  Estimation How to Go About It While many software professionals know one or more software sizing techniques—most have a reasonable understanding of function point analysis (FPA) or use case point techniques—they’re often stymied when it comes to making a real-life estimate. Learn a methodology that can help you make realistic estimates, including best- and worst-case scenarios that you can use to make pricing and delivery commitments to clients. Read More...
A VoIP Primer-Everything You Need to Know about VoIP
Are you considering voice over Internet protocol (VoIP) for your organization? We’ll take a comprehensive look at how VoIP works, and what you should know

about forecast accuracy scm  You Need to Know about VoIP This article is geared toward the business person who is considering adopting voice over Internet protocol (VoIP). I will briefly describe the history and function of VoIP, and the considerations you should take into account before choosing a vendor. VoIP is a very simple concept. Instead of using a traditional telephone company''s internal network for voice services, VoIP connections use the Internet. By using this electronic highway, you can take advantage of the Net''s Read More...
Think About Design When Thinking of BI
On January 5, 2009, the American Design Communities presented a document to the US Congress called “Redesigning America’s Future: 10 Design Policy Proposals for

about forecast accuracy scm  About Design When Thinking of BI On January 5, 2009, the American Design Communities presented a document to the US Congress called “Redesigning America’s Future: 10 Design Policy Proposals for the United States of America’s Economic Competitiveness & Democratic Governance.” Indeed, design is gaining importance in every area. This discussion with technologist Elif Tutuk explores how design thinking could be applied to business intelligence (BI). Read More...
INDUSTRIOS Software-All About Make-to-Project Manufacturing
I recently had the pleasure of talking with Mr. Jacques Decarie, Vice President of Oakville, Ontario–based enterprise resource planning (ERP) company INDUSTRIOS

about forecast accuracy scm  Software-All About Make-to-Project Manufacturing I recently had the pleasure of talking with Mr. Jacques Decarie, Vice President of Oakville, Ontario–based enterprise resource planning (ERP) company INDUSTRIOS Software Inc., which provides ERP software for small to medium manufacturing businesses. Mr. Decarie mentioned that his company offers a complete solution to this niche market for multiple types of discrete manufacturing operations, including conventional make-to-stock (MTS), make-to-orde Read More...
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My recent article SAP SCM – Stepping Out of (Relative) Obscurity analyzed SAP’s revamped comprehensive supply chain management (SCM) suite, its major components

about forecast accuracy scm  views, comments, opinions, etc. about SAP’s undeniably ambitious SCM approach? Will that work for your region/industry? What are your best practices as well as experiences with particular SCM applications? If you are a SAP SCM user, I would appreciate hearing about your experiences with the product, the company, and its partner ecosystem. Read More...
Forget Everything You Think You Know About ERP
In Forget Everything You Think You Know about ERP, you''ll learn how innovative vendors are rethinking ERP and offering solutions that...

about forecast accuracy scm  You Think You Know About ERP Is your ERP system too complex? Too expensive? Not flexible enough? It doesn''t have to be. In Forget Everything You Think You Know about ERP , you''ll learn how innovative vendors are rethinking ERP—and offering solutions that install quickly, upgrade easily, and evolve with your business boost employee productivity with intuitive user interfaces access all of your data no matter where it lives or what application created it Download Forget Everything You Think You Know Read More...
Forecast Less and Get Better Results
Forecasting and planning conventions dictate that planning far into the future is a necessity. But is long-term planning really the most productive way to

about forecast accuracy scm   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...
SCM Software for Mills
Demand for mill products especially in the metals and packaging industry is growing fast. This presents a good opportunity for the software vendors who cater to

about forecast accuracy scm  and keeps the information about the original order through all production levels. This technique is able to process multiple orders at the same time and yet keep information about products, work in process, and orders all the time. Changes in orders: Whenever there are changes in orders, either new lines can be created if there is an addition to an order or existing lines can be updated depending on situation. Container stuffing: At the time of order taking, the sales person will be able to know whether Read More...

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