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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. 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

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

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

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
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
35 Questions Every CFO Needs to Ask About ERP Software in the Cloud
Your enterprise resource planning (ERP) system monitors the status and progress of the business drivers that determine the profitability of your business. And

about forecast accuracy  CFO Needs to Ask About ERP Software in the Cloud Your enterprise resource planning (ERP) system monitors the status and progress of the business drivers that determine the profitability of your business. And as CFO, you have more insight into the balance of all those business drivers than anyone in the organization. But given that the shift to cloud-based business technology has started, is cloud-based ERP the right choice for your organization? Let us help you decide. 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
What Small Businesses Should Know about CRM
For small businesses with limited budgets and IT support, customer relationship management (CRM) has been out of reach. Until now, these small companies have

about forecast accuracy  Small Businesses Should Know about CRM For small businesses with limited budgets and IT support, customer relationship management (CRM) has been out of reach. Until now, these small companies have missed out on the benefits provided by CRM because most applications were built for larger companies. New technology, however, has now emerged that levels the playing field for these smaller businesses by providing a fully customizable and affordable CRM system. 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  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
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.

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
The Truth about Software-as-a-service (SaaS)
Software-as-a-service (SaaS), also called on-demand software, can be a convenient and profitable business model for vendors. And for clients, SaaS can provide

about forecast accuracy  Truth about Software-as-a-service (SaaS) NuView Systems was named a finalist today in the Software & Information Industry Association’s (SIIA) 24th Annual CODiE Awards. The award is based on the best software solution that automates any aspect of human resources management, including HRIS, benefits administration, recruiting, payroll, performance appraisal, asset management, etc. The solution can be distributed as a service (SaaS) or installed (NuView offers both options). Source : NuView Systems, Read More
Consona’s CEO Clearing the Air (about Compiere) - Part 2
Part 1 of this blog series talked about Consona Corporation’s recent acquisition of leading open source and cloud computing enterprise resource planning (ERP

about forecast accuracy  this blog series talked about Consona Corporation ’s recent acquisition of leading open source and cloud computing  enterprise resource planning (ERP)  provider Compiere . After reading a slew of speculative blog posts (including the  one from TEC ’s free and open source [FOSS] buff and advocate Josh Chalifour ), I had an incisive briefing with Consona’s CEO Jeff Tognoni, to give the company a fair chance to explain its strategy and the rationale behind the acquisition. In Part 1 , Tognoni Read More
It’s All about the Salesperson: Taking Advantage of Web 2.0
Selling roles have changed. For many companies, selling is more about relationship-building and less about transactional order activities. In spite of the

about forecast accuracy  All about the Salesperson: Taking Advantage of Web 2.0 Selling roles have changed. For many companies, selling is more about relationship-building and less about transactional order activities. In spite of the promised benefits of customer relationship management (CRM) solutions, the cost of sales for many companies is rising while sales effectiveness is decreasing. Learn why—and how you can leverage “social CRM” to help overcome the challenges facing your sales force today. Read More
Saba Software: All about People (Cloud) - Part 1
The 2011 Enterprise 2.0 conference’s expo floor in Boston in late June featured many of the “usual suspects,” such as Microsoft, IBM, Oracle, Adobe

about forecast accuracy  Software: All about People (Cloud) - Part 1 The 2011 Enterprise 2.0 conference’s expo floor in Boston in late June featured many of the “usual suspects,” such as Microsoft, IBM, Oracle, Adobe, SuccessFactors, Jive Software, SocialText , OpenText , Yammer , and Cisco Systems , to name only a few well-established providers (in addition to the plethora of innovative startup companies that one could encounter there). There were also some notable absentees, such as SAP ( StreamWork ), salesforce.com Read More

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