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. I 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

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 few education sessions, as my visit focused more on exploring the expo floor and talking to the exhibitors. My overwhelming impression from the conference's expo floor was that the main value propositions this year

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

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

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

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 organize your business? No, not really. Detailed forecasts and plans are needed only inside the “planning time fence”—a critical period for acquiring specific components and building certain products—and for many companies, only four to eight weeks into the future.

about forecast accuracy   Read More

The Lesser-Known (Social) Facts about Microsoft Dynamics CRM


With the continued success of Microsoft Dynamics CRM, one wonders how the company can continue to provide innovative products and dominate the CRM market? TEC principal analyst P.J. Jakovljevic talks with the CRM product manager on how the product’s lesser-known facts, including new social collaboration and customer service capabilities, meet customers’ changing needs and sustain the product’s stronghold of the CRM market.

about forecast accuracy  Lesser-Known (Social) Facts about Microsoft Dynamics CRM In TEC ’s 2010 blog series on Microsoft Dynamics CRM , I discussed the ongoing upbeat state of affairs of the Microsoft product, and described it as one of the best-performing products within the entire Microsoft Corporation as of late. In a nutshell, in 2009, the customer relationship management (CRM) product, then at its fourth major release, grew notably and surpassed 1 million licensed users. In 2011, the product crossed the “2 million 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 companies are heavily investing to attract best-of-breed channel partners that will be instrumental to a successful small and midsize business (SMB) strategy.

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

About Austar




about forecast accuracy  Austar Read More

Top 5 Reasons ERP Implementations Fail and What You Can Do about It


Somewhat surprisingly, it is generally agreed upon in the enterprise resource planning (ERP) consulting community that failures are rarely caused by the software. Yes, it’s true. Most of the packages on the market today actually do what the vendor claims. Ultimately, what this means is most of the problems that come with an ERP install can be summed up in one word: People. Read this white paper to find out more.

about forecast accuracy  What You Can Do about It Somewhat surprisingly, it is generally agreed upon in the enterprise resource planning (ERP) consulting community that failures are rarely caused by the software. Yes, it’s true. Most of the packages on the market today actually do what the vendor claims. Ultimately, what this means is most of the problems that come with an ERP install can be summed up in one word: People. Read this white paper to find out more. Read More

Everything You Need to Know About Digital Marketing


Digital marketing involves using your Web site and associated marketing tools to promote your business online. You can learn some basic skills in both search engine optimization (SEO) and search engine marketing. But for optimal results, you’re advised to consult a professional, who can provide you with insight into what SEO services should entail, allowing you to make an informed decision when selecting a supplier.

about forecast accuracy  You Need to Know About Digital Marketing Digital marketing involves using your Web site and associated marketing tools to promote your business online. You can learn some basic skills in both search engine optimization (SEO) and search engine marketing. But for optimal results, you’re advised to consult a professional, who can provide you with insight into what SEO services should entail, allowing you to make an informed decision when selecting a supplier. 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

Employee Engagement: It’s Actually All about Your Leaders


While development is critical to engagement, performance, and succession, its overall effectiveness is determined by the quality of an organization’s leaders. Learn how!

about forecast accuracy  Engagement: It’s Actually All about Your Leaders While development is critical to engagement, performance, and succession, its overall effectiveness is determined by the quality of an organization’s leaders. Learn how! Read More

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


Part II of this blog series continued the introduction of the concepts of workflow automation and business process management (BPM). It also zoomed in on similarities and subtle differences between the two related software categories. Finally, the idea of on-demand workflow and/or BPM solutions was introduced. To that end, Webcom Inc. has leveraged its vast expertise earned while addressing

about forecast accuracy  About Process (or the Ability to be Responsive) -- Part III Part II of this blog series continued the introduction of the concepts of workflow automation and business process management (BPM). It also zoomed in on similarities and subtle differences between the two related software categories. Finally, the idea of on-demand workflow and/or BPM solutions was introduced. To that end, W ebcom Inc.  has leveraged its vast expertise earned while addressing many complex sales quote-to-order (Q2O) 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 customer experience (CX). KWI is seeking to enable its specialty retailers to achieve this seamless CX. But “KWI who?” might be the first reaction by many. Indeed, the New York-based software company—in existence since 1985 and with 120 specialty retail customers including such well-known brands as 7 For All Mankind—should have much more name recognition due to its recent growth and breadth of cloud retail software expertise.

about forecast accuracy  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