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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,

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Overcoming Challenges in Collaborative Manufacturing Relationships
Manufacturers today must respond quickly to ever-changing customer demands@while keeping costs low and efficiency high. How can original equipment manufacturers

assessing forecast accuracy  of their partners'' systems. Assessing how to deine suficient trust with CM partners''and how to maintain that trust over the course of the relationship''is also important. You also have to think about how to signal a change in trust over a particular item, Kenney says. Because if they''re not willing to share information that''s critical for you to respond rapidly in terms of a quote, lead-time, or cost reduction, the relationship is not going to be effective. Solectron: Enhancing Service and Cutting Read More...
Smooth Transition: Preparing for IFRS
International Financial Reporting Standards (IFRS) are the reporting standards developed by the International Accounting Standards Board (IASB). IFRS is now

assessing forecast accuracy  the central role in assessing project risks and advising senior management on the expected operational impact of the transition. The inevitable transition testing phases will require additional staff from the core team departments, as well as internal auditors who will inform and review the dual accounting reconciliations. Also required, on a part-time basis: ERP and applications specialists to help with initial field setups, sample data entry comparisons, systems changes, and test reports. A group of 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

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...
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

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...
SYSPRO Tackles Predictive Analytics
SYSPRO has announced that it has partnered with Corelytics, Inc., the developer of a cloud-based, predictive analytics solution for financial management

assessing forecast accuracy  Tackles Predictive Analytics SYSPRO has announced that it has partnered with Corelytics, Inc. , the developer of a cloud-based, predictive analytics solution for financial management. Corelytics anonymously aggregates industry-specific data, creating valuable benchmarks, and delivers dashboard-based visualizations of business performance so that financial performance data can be compared with industry standards.   The solution connects into the SYSPRO accounting system and uses live balance sheet Read More...
Sales and Operations Planning Part Three: Game Plan Guidelines
Effective game plans lead to improved firm performance and bottom line results. Metrics include reductions in stock-outs, delivery lead-time, missed shipments

assessing forecast accuracy  and Operations Planning Part Three: Game Plan Guidelines Sales and Operations Planning Part Three: Game Plan Guidelines Featured Author - Dr. Scott Hamilton - December 13, 2003 Guidelines Concerning S&OP Game Plans Effective game plans lead to improved firm performance and bottom line results. Metrics include reductions in stock-outs, delivery lead-time, missed shipments, partial shipments, expediting efforts, and improvements in customer service. The lack of effective game plans is typically cited Read More...
Integrated Workforce Management (WFM) Platforms: Fact or Fiction? - Part 2
Part 1 of this blog series analyzed the major modules of integrated workforce management (WFM) suites that organizations can deploy to better schedule and

assessing forecast accuracy  Workforce Management (WFM) Platforms: Fact or Fiction? - Part 2 Part 1 of this blog series analyzed the major modules of integrated  workforce management (WFM)  suites that organizations can deploy to better schedule and assign work in their production and distribution facilities, and in retail stores. Concrete examples of commercially available products included those from Kronos and RedPrairie Corporation , given those two vendors’ notable recent moves in the WFM field. While Part 1 Read More...
Assessing the Drivers of Sales Performance
Outmoded measures are being used to develop marketing strategies and allocate resources. Existing go to market models often fail to consider the customer''s

assessing forecast accuracy  the Drivers of Sales Performance Introduction Most organizations manage business development in a context of cost containment. Metrics such as sales cost per dollar revenue are used for budgeting purposes with the intention of maintaining bottom-line profitability. This approach of managing by trend or history assumes that history is a good approximation of the future. However, these practices are the result of having little insight as to what actions actually drive results, forcing organizations Read More...
A Structured Approach to Assessing, Selecting Enterprise Software
Lorne Goloff, vice president of selection services at Technology Evaluation Centers, gives an overview of the many factors to weigh before investing in

assessing forecast accuracy  Structured Approach to Assessing, Selecting Enterprise Software Lorne Goloff, vice president of selection services at Technology Evaluation Centers, gives an overview of the many factors to weigh before investing in enterprise software. Lorne Goloff was interviewed by SupplyChainBrain at the TEC Vendor Challenge in September 2013. Read More...
Replenishment: What Is It exactly and Why Is It Important?
Replenishment is an area within operations where retailers can find a competitive edge. Excelling at replenishment enables implementation of promotional

assessing forecast accuracy  What Is It exactly and Why Is It Important? Replenishment: What Is It exactly and Why Is It Important? If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. Retail Replenishment can be defined as acquiring product on a recurring basis to support anticipated need. Replenishment is best served as an automated process given the huge number of combinations of items and store locations. Systematic creation and updates to demand 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

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...
SAP Tackles Real-time Demand Sensing
SAP has announced the general availability of the SAP Enterprise Demand Sensing application, with new capabilities to improve companies’ demand management and

assessing forecast accuracy  Tackles Real-time Demand Sensing SAP has announced the  general availability of the SAP Enterprise Demand Sensing application , with new capabilities to improve companies’ demand management and business planning processes. The idea is to transform supply chains to become demand-driven or even market-driven, whereby supply chain professionals and their marketing counterparts can work more closely together. Capabilities within the SAP Enterprise Demand Sensing application improve the quality of Read More...
Financial Forecasting: Room for Improvement for People, Process and Technology
Preparing an accurate forecast in this volatile business climate is challenging. Still, it is critical for businesses to be able to predict outcomes for the

assessing forecast accuracy  Forecasting: Room for Improvement for People, Process and Technology Preparing an accurate forecast in this volatile business climate is challenging. Still, it is critical for businesses to be able to predict outcomes for the next month, quarter or year, and be able to respond quickly when the actuals vary significantly from the forecast. Forecasting may be equal parts art and science, but the most dialed-in enterprises report using a solid, collaborative process for generating accurate Read More...
Ten Ways Robots Enhance Lean Manufacturing Environments
Traditionally, robots have not played a prominent role in the implementation of lean strategies. However, due to their repeatability, speed, accuracy, and

assessing forecast accuracy  robotics,abb industrial robots,abb industrial robotics,industrial robots,industrial robotics,abb robots,abb robotics,lean manufacturing Read More...

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