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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...
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

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

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...
What I Hate About HTML5, Multi-Tenancy, and Context-Aware Computing
The terms HTML5, multi-tenancy, and context-aware computing are often-used technology buzzwords representing the current megatrends of mobility, the cloud, and

about forecast accuracy  I Hate About HTML5, Multi-Tenancy, and Context-Aware Computing The terms HTML5, multi-tenancy, and context-aware computing are often-used technology buzzwords representing the current megatrends of mobility, the cloud, and data in enterprise software. Read on to learn the story behind these buzz-words and what to watch out for in your enterprise software research. 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

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...
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...
BI on the Go: About Functionality and Level of Satisfaction
We thought it would be useful to take another look at what was revealed in our recent survey on mobile BI regarding what’s important for mobile BI users, and of

about forecast accuracy  on the Go: About Functionality and Level of Satisfaction TEC recently published its 2014 Mobile BI Buyers Guide and a related blog post in which some results from a survey on mobile business intelligence (BI) usage, needs, and trends were discussed. We thought it would be useful to take another look at what was revealed from the survey regarding what’s important for mobile BI users, and of course, how satisfied they are with the mobile BI solutions they work with. Let’s take a look at some of our Read More...
About CustomerFirst
CustomerFirst contains the service support, help desk, problem resolution, and call center functionalities of the CustomerFirst Enterprise Software Suite. It

about forecast accuracy  CustomerFirst CustomerFirst contains the service support, help desk, problem resolution, and call center functionalities of the CustomerFirst Enterprise Software Suite. It manages the flow of work through the organization from the time a request or issue is reported, until it is completed or resolved. CustomerFirst also allows you to track the history of every touch point that you have with your customer. Read More...
Consona’s CEO Clearing the Air (about Compiere) - Part 1
In early June Consona Corporation’s analyst relationship (AR) contact forewarned me about the company’s upcoming acquisition of a “leading open-source and

about forecast accuracy  (AR) contact forewarned me about the company’s upcoming acquisition of a “leading open-source and cloud computing  enterprise resource planning (ERP)  vendor” and asked about my availability for a briefing once the acquisition was closed. After consultation with TEC ’s  free and open source software (FOSS)  buff Josh Chalifour, we quickly identified Compiere [ evaluate this product ] as the most likely target (not to say prey). Namely, this  open source software  vendor had been eerily Read More...
What Your Refrigerator Can Teach You about Lean Inventory
A lean supply chain consists of two major components—lean manufacturing and lean distribution—which focus on satisfying customer demand efficiently, at the

about forecast accuracy  Refrigerator Can Teach You about Lean Inventory A lean supply chain consists of two major components—lean manufacturing and lean distribution—which focus on satisfying customer demand efficiently, at the lowest cost, with the least amount of waste. But what if your replenishment strategy is your distribution center’s weakest link? To improve customer satisfaction and achieve efficiency and balance, your replenishment strategy must consider all the key variables. 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...

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