X
Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
Get free sample report

Compare Software Solutions
Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 about forecast accuracy

Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Document Management System (DMS)

Document management systems (DMS) assist with the management, creation, workflow, and storage of documents within different departments. A DMS stores documents in a database and associates important information about the documents, to the documents (known as metadata). Most systems provide workflow engines to design and support document creation, publication, and usage. DMS solutions are often used by insurance and health care industries, government bodies, or other organizations processing high volumes of documents. 

Evaluate Now

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. Consequently, data mining technology becomes important. Here is a framework to help understand the data mining process.

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

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  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

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  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

Order Forecast Collaboration: Benefits for the Entire Demand Chain


When raw materials providers, manufacturers, and retailers work together to calculate future order needs, they can all act on the best information available. Successful order forecast collaboration requires all members to share risks if forecasts vary, and to discuss issues as they arise. Accurate order forecasts drive sales increases, inventory decreases, and better decisions. With so many benefits across the entire demand chain, shouldn’t you look into order forecast collaboration with your partners?

about forecast accuracy  collaboration with your partners? About the Author John Schwechel is the Replenishment Practice Lead and Senior Project Manager with Retail Process Engineering, LLC. His background at Target Stores, Andersen Consulting, E3 Corporation, JDA Software and Retail Process Engineering (RPE) gives him unique insight into retail change initiatives and their success factors. Visit www.rpesolutions.com to learn more. Searches related to Order Forecast Collaboration: Benefits for the Entire Demand Chain : Forecast 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 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  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

3 Things Business Decision-makers Need to Know about SOA


Anyone even peripherally exposed to business media that touch on enterprise application technology has seen the term service-oriented architecture (SOA) bandied about in advertisements and articles. Given the central role of SOA in information technology, it is important to get beyond a buzzword level understanding. There are three key concepts surrounding SOA: granularity, Web services, and change management.

about forecast accuracy  Decision-makers Need to Know about SOA 3 Things Business Decision-makers Need to Know about SOA If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. IFS Partners & SOA - Oracle''s view In the new world of SOA it is vital that technology vendors work closely together to deliver software components which provide integrated, end-to-end business processes to organizations. Source : IFS Resources Related to 3 Things Business Decision-makers 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 lighter) using a fleet of autonomous aircrafts.

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

Extending BI’s Reach: Anticipate Outcomes, Forecast Results, and Respond Proactively


Business intelligence (BI) and predictive analytics use different means but can be applied together to improve the decision process at all levels of an organization. By increasing the ability to monitor and analyze data and generate predictions, BI and predictive analytics can help an organization gain proactive control of its business. TEC analyst JorgeGarcía explains how.

about forecast accuracy  BI’s Reach: Anticipate Outcomes, Forecast Results, and Respond Proactively Business intelligence (BI) and predictive analytics use different means but can be applied together to improve the decision process at all levels of an organization. By increasing the ability to monitor and analyze data and generate predictions, BI and predictive analytics can help an organization gain proactive control of its business. TEC analyst JorgeGarcía explains how. Read More

Six Misconceptions about Data Migration


A truly successful data migration project involves not only an understanding of how to migrate the data from a technical standpoint, but an understanding of how that data will be used and its importance to the operation of the enterprise.

about forecast accuracy  Misconceptions about Data Migration Originally published February 4th, 2008 As organizations embark on a system implementation, one of the most important and riskiest activities is data migration—the movement of data from the old legacy system to the new system. While the selection, implementation, and operation of an enterprise application for enterprise resource planning (ERP), enterprise asset management (EAM), or any other system certainly has technical elements, such systems require much more Read More

10 Reasons You Should Care about Software Mergers & Acquisitions


Like it or not, the enterprise software industry shifts constantly as vendors merge or acquire one another. But how does it affect you? Here are ten reasons. 1) Acquisitions can wreak havoc if you’re in the middle of an implementation Does your ERP system provider have your concerns at heart during the vital implementation phase? Is it responding to your questions? Is your implementation on

about forecast accuracy  Reasons You Should Care about Software Mergers & Acquisitions Like it or not, the enterprise software industry shifts constantly as vendors merge or acquire one another. But how does it affect you? Here are ten reasons. 1) Acquisitions can wreak havoc if you’re in the middle of an implementation Does your ERP system provider have your concerns at heart during the vital implementation phase? Is it responding to your questions? Is your implementation on the high-priority list? If it''s in the midst of an Read More

It’s About Process (or Ability to be Responsive) -- Part II


Part I of this blog series introduced the notions of workflow automation and business process management (BPM). It also tackled the similarities and subtle differences between the two related software categories. Microsoft, for example, informally demarcates the Microsoft Windows Workflow Foundation (WF) focus on "internal processes" from Microsoft BizTalk Server's "external BPM" use. Namely

about forecast accuracy  About Process (or Ability to be Responsive) -- Part II Part I of this blog series introduced the notions of workflow automation and business process management (BPM) . It also tackled the similarities and subtle differences between the two related software categories. Microsoft , for example, informally demarcates the  Microsoft Windows Workflow Foundation (WF) focus on internal processes from Microsoft BizTalk Server ''s external BPM use. Namely, the first tool (somewhat of a BizTalk spin-off) 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

Oh, Right. E-commerce is About Buying and Selling, Isn’t It?


VerticalNet will acquire the capability to add state-of-the-art digital marketplaces to its collection of vertically oriented content sites.

about forecast accuracy  Right. E-commerce is About Buying and Selling, Isn’t It? Event Summary VerticalNet (NASDAQ: VERT) will acquire privately held Tradeum, Inc. Tradeum''s product, Xchange Suite 2.0, creates digital marketplaces that support a variety of exchange mechanisms, including catalog-based sales and auctions. The software is claimed to be easily configurable to the unique business models of different marketplaces, and is based on XML standards and templates. Market Impact VerticalNet was an early entrant into the 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

The Technology Is Great, Not So Sure About the Vendor


Evaluating software solutions usually starts out as an assessment of architecture, features and functionality, business processes and IT fit. This makes perfect sense—until business stakeholders begin assessing the vendor as a potential business partner. Learn about the risks of entering into an agreement with a vendor, and how to find out if that vendor can deliver solution that will deliver the expected results.

about forecast accuracy  Great, Not So Sure About the Vendor Evaluating software solutions usually starts out as an assessment of architecture, features and functionality, business processes and IT fit. This makes perfect sense—until business stakeholders begin assessing the vendor as a potential business partner. Learn about the risks of entering into an agreement with a vendor, and how to find out if that vendor can deliver solution that will deliver the expected results. Read More