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Documents related to » about forecast accuracy


The Truth about Data Mining
It is now imperative that businesses be prudent. With rising volumes of data, traditional analytical techniques may not be able to discover valuable data

about forecast accuracy  Truth about Data Mining A business intelligence (BI) implementation can be considered two-tiered. The first tier comprises standard reporting, ad hoc reporting, multidimensional analysis, dashboards, scorecards, and alerts. The second tier is more commonly found in organizations that have successfully built a mature first tier. Advanced data analysis through predictive modeling and forecasting defines this tier—in other words, data mining. Data mining has a significantly broad reach and application. Read More
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  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
APICS 2009 From the Expo Floor: Is S&OP Coming of Age? - Part 2
Part 1 of this blog post series talked about my attendance at the APICS 2009 International Conference in Toronto (Canada) in early October. I attended only a

about forecast accuracy  This made me think about the reasons for the concept’s (and accompanying software solutions’) renaissance in light of its existence of a few decades. The Traditional S&OP Shortcomings Until recently S&OP has had a purely tactical and reactive near-term focus, and was therefore disconnected from overall  business strategy , which can result in many missed opportunities. Moreover, many laggard companies still have an unstructured and fragmented S&OP process, whereby each department tends to have a 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  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

about forecast accuracy  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
TEC Analysts Want to Know About Your Software Solution
Every day, thousands of software buyers and IT professionals read—and are impacted by—research papers produced by TEC''s analyst group.

about forecast accuracy  Analysts Want to Know About Your Software Solution Every day, thousands of software buyers and IT professionals read—and are impacted by—research papers produced by TEC''s analyst group. That''s why it''s very good idea to let us know more about your software solutions, your company, and your plans for the future. Your products could be featured in research materials like these, promoted to TEC''s 2.2 million monthly visitors: buyer''s guides vendor spotlights certification reports product briefs Read More
The Truth About Supply Chain Visibility
That''s just one of the key realities you''ll learn about in the white paper achieving supply chain visibility: there is more than meets the eye.

about forecast accuracy  Truth About Supply Chain Visibility If you had supply chain visibility, but couldn''t respond to the issues and problems that it brought to light, what good would that be? The truth about supply chain visibility is that it isn''t a goal in itself —its real value is as a stepping stone to effective response management. And it''s response management that allows you to turn visibility into quick, effective action—so that you can run a more nimble, efficient, and profitable organization. That''s just one of Read More
Forget about Government, Amazon Wants to Drone You!
Jeff Bezos’ passion lies in ever-improving customer experience via ever-faster deliveries. Witness Amazon’s experiment to fulfill small orders (five pounds or

about forecast accuracy  about Government, Amazon Wants to Drone You! Those who watched Amazon CEO Jeff Bezos’ recent “60 Minutes” interview saw where his true passion lies—in ever-improving customer experience via ever-faster deliveries. While Amazon Web Services (AWS) is the undisputed cloud market leader and might be the profit-maker for the company, it doesn''t appear to be Bezos'' focus.   A walk through one of the company''s massive fulfillment centers revealed the deep extent to which algorithms determine the Read More
IFS Has A Magic Growth Formula; But What About Profitability?
In November, IFS, a business applications vendor with headquarters in Linkoping, Sweden, reported results for Q3 2000. IFS will enter 2001 with a new product

about forecast accuracy  Growth Formula; But What About Profitability? IFS Has A Magic Growth Formula; But What About Profitability? P.J. Jakovljevic - December 19, 2000 Event Summary In November, IFS Industrial & Financial Systems , a business applications vendor with main headquarters in Linkoping, Sweden, reported results for Q3 2000 (See Figure 1). IFS'' net sales for the first nine months increased by 22%, to $161.7 million, compared with $133.1 million for the corresponding period in 1999. License sales rose by 92% to $64.4 Read More
IBM is Serious About SMB
In the battle for market supremacy, IBM wants to win by reducing Microsoft''s market potential. IBM has selected the infrastructure as its battlefield. Both

about forecast accuracy  is Serious About SMB Event Summary At its recent analyst gathering in New York, IBM Corporation (NYSE: IBM), used the occasion to pound its small and medium businesses (SMB) strategy. This time we are poised to win the leadership battle expressed one of their executives. The battle IBM refers to goes back to the early times when Microsoft dethroned IBM in its supremacy over operating systems. IBM has now been involved for more than a decade in enterprise solutions. IBM has been servicing rather large Read More
The Truth About Sage X3 ERP
You can use our patented online decision support engine* at TEC''s ERP comparison reports web site to compare Sage x3 against two other ERP solutio...

about forecast accuracy  Truth About Sage X3 ERP Leading software vendor Sage says its X3 enterprise resource planning (ERP) solution is easy to use and supports the most complex business requirements, including accounting; operations; customer relationship management (CRM); human resources (HR); time tracking; and merchant services. But does that mean Sage X3 is the right ERP solution for your company? That really depends on how well it supports your company''s particular needs. And now, there''s a fast and easy way for you to 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

about forecast accuracy   Read More
Comparative Analysis: Are You Still Confused About APS, SCM, and ERP?
Constant changes are happening in the software market, either in software delivery methods, features and functions, or software integrations with other

about forecast accuracy  Are You Still Confused About APS, SCM, and ERP? In today’s business world, operations have moved globally, which has added more complexity into the equation. In other words, an organization has to rely on more than one application to support its business processes. When an organization starts buying software without understanding how it will resolve problems, it creates a conflict within the business structure. Each system used by the organization needs to be integrated with other applications in order Read More
Before You Buy: What Every CIO Needs to Know about Search Solutions
Every day, the average employee may create 20 to 30 new documents. Even e-mail messages can contain business-critical information, such as a prospect’s phone

about forecast accuracy  CIO Needs to Know about Search Solutions Every day, the average employee may create 20 to 30 new documents. Even e-mail messages can contain business-critical information, such as a prospect’s phone number or an estimate of a competitor’s market share. The challenge for decision makers is finding the best information the company has, whether created internally or brought in from outside. Get a straightforward roadmap for selecting an enterprise search solution. Read More
It’s About Process (or the Ability to be Responsive) -- Part V
Part IV of this blog series further analyzed Webcom ResponsAbility, the on-demand workflow automation and business process management (BPM) solution. Anyone

about forecast accuracy  About Process (or the Ability to be Responsive) -- Part V Part IV of this blog series further analyzed Webcom ResponsAbility , the on-demand workflow automation and business process management (BPM) solution. Anyone interested can take the product for a free trial test drive here . The vendor just released the ResponsAbility p4 release. Competitive Offerings Do Exist Still, Webcom’s first-to-market (or close to) BPM on-demand advantage has already been challenged by the solutions from Skemma, Read More

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