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 assessing 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.

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Documents related to » assessing forecast accuracy

Case Study: Peerless Pump


Peerless Pump has been designing, engineering, and manufacturing pumps for more than 80 years. The company was basing component stock levels on historical data, as it did not have the ability to accurately forecast customer demand. But with forecasting and demand planning software that increased forecast accuracy, the company has nearly doubled its sales over the past four years, while keeping inventory levels constant.

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Achieving Effective Inventory Management


In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These challenges, combined with customer demands for product availability, can conflict with operational goals of increasing inventory turnover and minimizing costs. However, business automation software can deliver sophisticated distribution capabilities designed to help you with these important business issues.

assessing forecast accuracy  than gross margin, when assessing their profitability. To facilitate management review, Sage MAS 500 lists all four evaluations on a single report. This report can be printed for the products: Stocked in one or all warehouses Assigned to one or all buyers Included in one or all purchase product groups (for example, the items that would be replenished on the same vendor purchase order). Included in one or all sales product groups Assigned to a specific product rank or all product ranks The report is Read More

The State of the Art in Finance


Thanks to recent accounting scandals and an increasingly competitive environment, many chief financial officers and the finance organizations they lead have started to take on new roles within the enterprise. However, given the current state of the finance function in US companies, companies first need to understand the challenges to finance—and the road map to increasing its strategic capabilities.

assessing forecast accuracy  generation against cost efficiency Assessing risk daily Siphoning off risk into the future through sophisticated use of derivatives Managing earnings expectations and the need to create shareholder value Mitigating the deleterious effects of exchange rate fluctuations Yet it is difficult for the finance function to manage the earnings flow and shareholder expectations for those earnings, given increasing global competition and regulatory constraints. To achieve excellence in finance requires a greater Read More

APICS 2009 From the Expo Floor: Is S&OP Coming of Age? - Part 3


Part 1 of this blog series talked about my attendance of the APICS 2009 International Conference in Toronto, Canada in early October. I attended only a few education sessions, as my conference 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 revolved around the

assessing forecast accuracy  the management challenge is assessing the current state of the supply chain, setting goals and objectives, or tracking progress of an initiative, a set of meaningful metrics is as essential as a map to a traveler. As the saying goes, you get what you measure, but this is likely half true. While there is no guarantee that a firm will achieve a goal it decides to measure, it''s virtually certain that the firm won''t achieve what it fails to measure. Once a firm selects its objectives and metrics, they Read More

Best Practices in Creating a Strategic Finance Function


Many chief financial officers (CFOs) have started to take on new strategic roles. Their goals are to enforce stricter controls to ensure legal and regulatory compliance, offer strategic insights into the internal and external business environment, and connect the business strategy with daily operations through performance tracking. Learn more about the changing role of the CFO in today’s finance organization.

assessing forecast accuracy  generation against cost efficiency Assessing risk daily Siphoning off risk into the future through sophisticated use of derivatives Managing earnings expectations and the need to create shareholder value Mitigating the deleterious effects of exchange- rate fluctuations Managing the company''s compliance process to make certain it meets governmental regulations Yet it is difficult for the finance function to manage the earnings flow and shareholder expectations for those earnings, given increasing global Read More

Planning, Budgeting, and Forecasting Software Evaluation and Selection Guide


Enterprise planning—budgeting, forecasting, and reporting—is a crucial component of financial management that contributes to companies’ success. However, planning is often seen as a time-consuming burden. Find out how an enterprise planning system can help you deliver more timely and reliable plans and enhance strategic decision making, to more quickly identify, analyze, and forecast the impact of changes as they occur.

assessing forecast accuracy  to prioritize features, and assessing how well they relate to vendor offerings. SUMMARY The successful implementation of a planning solution requires an intersection of technology, business process, and best practices. This selection guide outlines key principles to help you align business process and technology requirements in the process of selecting planning, budgeting, and forecasting software. By matching your planning process to best practices, facilitated by proper implementation of a planning Read More

Are Retailers Rational Players Stuck in an Irrational Game? Changing the High-stakes Game of Retail Technology


Continuous change in the retail industry is limiting retailers’ ability to plan, forecast, price, and replenish. Thus, many retailers are facing a dilemma: they need new retail technology to adapt their processes and respond more rapidly to changing markets, but they can’t afford the up-front expenditure or lengthy implementation. But advances in new software-as-a-service (SaaS) retail solutions can help. Learn how.

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Take the Direct Road to Success with Seamless DSD


The future, they say, is demand-driven. Not having the data you need to forecast your supply and demand processes means you’re in the slow lane toward a successful future. But if you already know store information is vital to your supply chain, you’re halfway there. Go the distance: learn how direct store delivery (DSD) solutions can give your consumer package goods (CPG) company more control over supply chain processes.

assessing forecast accuracy  the Direct Road to Success with Seamless DSD Take the Direct Road to Success with Seamless DSD If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. With the SAP for Retail solution portfolio, grocers can efficiently support the role of a central perishables buyer. In addition, the solutions enable management of supply relationships in mass through a direct-store delivery model. Source : SAP Resources Related to Take the Direct Road to Read More

Go Fygir! SCT Defeats Incumbent AspenTech at Texaco, Shell Venture


ERP vendor SCT Corp. recently sold its Fygir Demand Planning product to Equilon, a joint refining venture of Shell Oil and Texaco that had signed Aspen Technology’s largest deal for its PIMS™ planning and scheduling software.

assessing forecast accuracy  Fygir! SCT Defeats Incumbent AspenTech at Texaco, Shell Venture Go Fygir! SCT Defeats Incumbent AspenTech at Texaco, Shell Venture S. McVey - April 28th, 2000 Event Summary SCT Corporation announced recently a sale of its Fygir Demand Planning application to Equilon Enterprises LLC, a joint refining venture of Texaco and Shell Oil. Equilon will use the software initially to forecast its gasoline products and it expects that diesel products will follow shortly after. Future deployment may extend to Read More

Terra Technology


Terra Technology's real time forecasting (RTF) solutions use pattern recognition mathematics to monitor daily demand signals. RTF is compatible with demand planning solutions from major enterprise resource planning (ERP) and supply chain vendors, including Manugistics, SAP, and i2 Technologies. The company's real time inventory (RTI) offering is a multi-echelon inventory optimization solution which includes the following capabilities: daily inventory target updates; full integration with conventional planning systems; inventory calculation using actual demand (not average demand); measurement of actual error over actual lead time; calculation of in-season and out-of-season lead-time difference for high volume stock-keeping units (SKUs); automatic adjustment for shutdowns; and rich modeling of time-phased equipment constraints across multiple SKUs.

assessing forecast accuracy  terra technology,real time forecasting,real time forecast,terra tech,terra technologies,manufacturing forecasting,strategy forecasting,sap supply chain,solution supply chain,integration supply chain,supply chain erp Read More

Quality Reassurance: How To Get What You Need from Acceptance Testing


Integrating a new system with your organization places new opportunities, and new risks, at the heart of your business. We look at the thinking and negotiation that shape acceptance testing, and how it influences your assessment of the new system.

assessing forecast accuracy  into three broad areas: assessing the value, assessing the risk, and the vital support for these, that comes from assessing your supplier''s working practice. 1 Assessing the Value A key part of acceptance testing concentrates on showing that the system does what it should. At its most basic, this involves a list of expectations. Starting with the most important, the list is compared against the software. At the end of the list, you''re done. It is easy to let this list of expectations become a simple list Read More

ToolsGroup Embeds Machine Learning Technology in Demand Forecasting


ToolsGroup, a provider of demand analytics and supply chain planning (SCP) software, claims to be the first vendor in its class to embed machine learning into a commercially available demand forecasting product. The new technology has been proven to significantly improve forecast accuracy in major global customer installations.

assessing forecast accuracy  Embeds Machine Learning Technology in Demand Forecasting ToolsGroup , a provider of demand analytics and supply chain planning (SCP) software, claims to be the first vendor in its class to embed machine learning into a commercially available demand forecasting product. The new technology has been proven to significantly improve forecast accuracy in major global customer installations. ToolsGroup''s embedded machine learning is available as part of the SO99+ version 7.3.1 demand forecasting solutio Read More

Case Study: Hydro-Scape Products, Inc.


Like many distribution companies, Hydro-Scape needed to streamline and automate its business processes to increase speed and accuracy when serving customers, as well as boost productivity and profitability. The company chose an enterprise resource planning (ERP) solution with distribution-specific functionality, including the ability to integrate data across the entire operation. Learn more about the distribution ERP.

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HR Payroll Services Buyer’s Guide


Human resources (HR) payroll solutions can foster greater efficiency and accuracy while cutting labor costs and bolstering employee morale. But getting the right payroll software for you isn’t easy. Is enterprise resource planning (ERP) with a payroll module what you need? Or best-of-breed HR payroll software? Find out what to look for, how to buy, and other tips to getting the most value from your payroll solution.

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Managing Your Supply Chain Using Microsoft Axapta: A Book ExcerptPart One: Sales and Operations Planning


Managing Your Supply Chain Using Microsoft Axapta provides an overall understanding of how the system fits together to run a manufacturing or distribution business. This book excerpt focuses on running the business from the top with sales and operations planning (S&OP). Variation in operations affect the S&OP process and the nature of demand impacts the S&OP game plans.

assessing forecast accuracy  Your Supply Chain Using Microsoft Axapta: A Book ExcerptPart One: Sales and Operations Planning Managing Your Supply Chain Using Microsoft Axapta: A Book Excerpt Part One: Sales and Operations Planning Featured Author - Dr. Scott Hamilton - March 23, 2004 Introduction A firm''s sales and operations planning (S&OP) process starts with the definition of all demands for the firm''s goods and services. It formulates game plans that drive supply chain activities to meet those demands. Hence, an effective Read More