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Document Management System (DMS)
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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...
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...
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...
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...
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...
A VoIP Primer-Everything You Need to Know about VoIP
Are you considering voice over Internet protocol (VoIP) for your organization? We’ll take a comprehensive look at how VoIP works, and what you should know

about forecast accuracy  You Need to Know about VoIP This article is geared toward the business person who is considering adopting voice over Internet protocol (VoIP). I will briefly describe the history and function of VoIP, and the considerations you should take into account before choosing a vendor. VoIP is a very simple concept. Instead of using a traditional telephone company''s internal network for voice services, VoIP connections use the Internet. By using this electronic highway, you can take advantage of the Net''s 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

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...
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

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...
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

about forecast accuracy  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...
It’s About Time “Legal” Got Involved
On May 16th, a press release surfaced describing a new ASP (Application Service Provider) serving the legal industry. Trouble is, the new company’s website

about forecast accuracy  About Time “Legal” Got Involved It’s About Time Legal Got Involved A. Turner - May 22, 2000 Event Summary On May 16, 2000, ASPORA announced it had launched a new ASP solution aimed at helping law firms and corporate law departments work more efficiently and productively. According to the press release, ASPORA, debuting in the United States, provides the legal market with integrated high-end applications and services via a common Web browser. Traditionally, application services providers Read More...
Everything You Need to Know about CDN Load Balancing
If you use multiple content delivery networks (CDNs) to serve your content, you are well aware of the benefit of quick content delivery. However, what happens

about forecast accuracy  You Need to Know about CDN Load Balancing If you use multiple content delivery networks (CDNs) to serve your content, you are well aware of the benefit of quick content delivery. However, what happens if one of your CDNs goes down? Without load balancing, that fast load time can turn into downtime in an instant. Read this white paper and see how a managed DNS company can help your midsized organization achieve affordable load balance among multiple systems. Read More...
Fixed Assets: Why They’re about More than Depreciation


about forecast accuracy  Assets: Why They’re about More than Depreciation Read More...
Storage Virtualization Isn’t About Storage
Virtualization is central to twenty-first-century IT systems, yet many chief information officers fail to understand the benefits it can deliver to the data

about forecast accuracy  Virtualization Isn’t About Storage Virtualization is central to twenty-first-century IT systems, yet many chief information officers fail to understand the benefits it can deliver to the data center. Storage controllers have always offered the ability to carve out pieces of real storage from a large pool and deliver them to a number of hosts, but it is storage virtualization itself that offers improvements that drive operational efficiency. Find out more. 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...

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