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Discrete Manufacturing (ERP)
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...
 

 about forecast accuracy scm

Supply Chain Management (SCM) RFI/RFP Template

Demand Management,Supply Chain Optimization,Warehouse Management System (WMS),Production and Supply Planning,Service Parts Planning,Transportation Management System (TMS),International Trade Logist... Get this template

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Discrete Manufacturing (ERP)
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...

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 profit dollars. To accomplish this, estimates of future use of stocked items must be as accurate as possible. Discover how analyzing weighted averages, trend factors, and other formulas can help you accurately anticipate—and manage—future demand for your products.

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

A Tale of a Few Good SCM Players - Part 3


Part 1 of this blog post series followed the progress of Manhattan Associates from its inception in 1990 throughout the mid-2000s. During this time, Manhattan was the epitome of a well-managed supply chain management (SCM) software company in terms of market share, growth, profitability, and its products’ capabilities. Indeed, the company set the industry standard for the

about forecast accuracy scm  and was not forthcoming about its strategy with regards to tying together its diverse portfolio of solutions. Neither did the company have a plausible strategy for developing a scalable platform that would attract the largest global retailers. For more details, see TEC ’s six-part series from 2004, “JDA Portfolio: For the Retail Industry.” Well, what difference a few years and one good major acquisition can make. It strikes me that former Manugistics and JDA would be another combination of two 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, a solution addressing every major stage in the sales and operations planning (S&OP) process and enabling fast, confident decision making, and follow a discussion between TEC Principal Analyst P.J. Jakovljevic and Infor’s SCM product managers on the S&OP market.

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 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 more accurate. You can make an assumption on how much improvement might be possible. This part discusses the challenge of performing the data analysis.

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

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, which focuses on the complexity of pricing and promotions in retailing, was inspired by JDA Software’s recent “edu-nouncement” on leading retailers consumer-centric pricing and promotions strategies, and by Revionics’ recent (and still

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

Five Things to Understand About Your Nexus Footprint


The complexities and fluidities of sales tax nexus can be overwhelming and require the constant attention of a tax expert to navigate, but most small to medium businesses (SMBs) cannot afford that kind of resource internally. Meanwhile, the penalties for undercollecting, underreporting, and underpaying sales tax can be huge. Learn more about nexus issues and how they can impact your business—and your bottom line.

about forecast accuracy scm  Things to Understand About Your Nexus Footprint The Sabrix Nexus Determination Services Include: Review of your sales tax nexus report with Sabrix tax experts to provide your organization with an understanding of the report findings. Source : Sabrix Resources Related to Five Things to Understand About Your Nexus Footprint : Sales tax (Wikipedia) Five Things to Understand About Your Nexus Footprint Sales Tax Nexus is also known as : Charge Sales Tax , General Sales Tax , Income Tax Rate , Nexus Sales Read More

Everything You Don’t Know about Desktop Search


Despite all the attention the newest breed of desktop search has received in the press, here’s what the media hasn’t told you: 1) today’s newcomers aren’t ready for the enterprise; 2) desktop search is not new; and 3) you get what you pay for. Find out more—and get a 12-step checklist that will help you determine your needs, and evaluate and select the desktop search tool that’s right for you.

about forecast accuracy scm  You Don’t Know about Desktop Search Despite all the attention the newest breed of desktop search has received in the press, here’s what the media hasn’t told you: 1) today’s newcomers aren’t ready for the enterprise; 2) desktop search is not new; and 3) you get what you pay for. Find out more—and get a 12-step checklist that will help you determine your needs, and evaluate and select the desktop search tool that’s right for you. Read More

About SalesFirst


SalesFirst is the sales force and marketing automation component of the CustomerFirst Enterprise Suite. SalesFirst provides functionality that manages the marketing and sales process within your organization. It also allows you to track information about your prospects and gives a complete 360-degree view of each potential and existing client.

about forecast accuracy scm  you to track information about your prospects and gives a complete 360-degree view of each potential and existing client. Read More

Lucrative but "Risky" Aftermarket Business-Service and Replacement Parts SCM


The growing pressure for improving customer responsiveness and profits has lately changed the traditional role of supply chain management (SCM) of spare and replacement parts.

about forecast accuracy scm  and make user recommendations. About the Authors Olin Thompson is a principal of Process ERP Partners. He has over twenty-five years experience as an executive in the software industry. Thomspon has been called the Father of Process ERP. He is a frequent author and an award-winning speaker on topics of gaining value from ERP, SCP, e-commerce and the impact of technology on industry. He can be reached at Olin@ProcessERP.com . Predrag Jakovljevic is a principal analyst with TechnologyEvaluation.com Read More

3 Critical Considerations When Choosing Your SCM Solution


SCM software selection is a tricky and painful activity for most companies. Why? Despite the plethora of solutions currently available, it may be hard to find one that fits a company’s business model. What should companies do to ensure they are well prepared for choosing the best-fit SCM solution? TEC SCM research analyst Phil Reney offers three critical considerations to help companies in search for an SCM solution.

about forecast accuracy scm  easy to think strictly about current business processes when selecting SCM software, there are more important considerations, such as creating your business objectives or strategies, your business model, and finally your business roadmap. Going back much? Yes, and you need to, unless you don’t mind the extra costs of wrestling your day-to-day out of your system as opposed to focusing on your revenue-generating activities. 1. Developing and Understanding Your Business Objectives or Strategies Most Read More

Furniture Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS


Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in-house ERP system in the early 1990s. However, homegrown software can be unwieldy to maintain and difficult to upgrade. In 2001, Fraenkel saw a solution that offered more advanced capabilities, and implemented VAI’s S2K Enterprise Edition for Manufacturing.

about forecast accuracy scm   Read More

6 Reasons Why You Should Care About B2B Integration Technology


What does it matter if your IT department uses FTP, SOAP, REST, or AS/2? How does an ESB impact the business? What s all this talk about SOA? Even the most tech-savvy of supply chain executives can be overwhelmed by the alphabet soup used to integrate business processes. So why should you care? Here’s six reasons.

about forecast accuracy scm  Why You Should Care About B2B Integration Technology What does it matter if your IT department uses FTP, SOAP, REST, or AS/2? How does an ESB impact the business? What s all this talk about SOA? Even the most tech-savvy of supply chain executives can be overwhelmed by the alphabet soup used to integrate business processes. So why should you care? Here’s six reasons. Read More

Newman Technology Cuts Inventory Costs by 25 Percent; Achieves 98 Percent Inventory Accuracy


Newman Technology was using a paper trail system to manage a lot of traffic, and realized that it needed a modern-day solution for production accuracy and accountability. It needed a robust tool and disciplined processes for managing its inventory, purchase orders, and accounts receivables. Learn how Newman Technology improved its communication with suppliers and gained visibility into suppliers’ operations.

about forecast accuracy scm  cloud ERP, cloud supply chain solution, supply chain visibility, supply chain management 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 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).

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

Why You Need to Know about AANPM


In this data-driven era, the pressure is on for IT departments: data needs to travel faster and nonstop to its destination, applications need to operate continuously, and networks need to communicate effectively between all business points in a timely manner. Application-aware network performance management (AANPM) solutions enable performance monitoring to be conducted in a holistic way with consideration for all elements both directly and not directly related to the network.

about forecast accuracy scm  You Need to Know about AANPM In this data-driven era, the pressure is on for IT departments: data needs to travel faster and nonstop to its destination, applications need to operate continuously, and networks need to communicate effectively between all business points in a timely manner. Application-aware network performance management (AANPM) solutions enable performance monitoring to be conducted in a holistic way with consideration for all elements both directly and not directly related to the Read More