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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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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

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 (OEMs) and contract manufacturers (CMs) effectively manage the demand-driven supply chain? A solution that increases your visibility of inventory planning and management throughout the supply chain can help reduce your response time. Learn more about the benefits.

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

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

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

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 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

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

Achieve a Complete Business Picture with a BI Dashboard


With the right business intelligence (BI) solution, any enterprise can improve performance, decrease time to market, analyze and forecast data, and achieve competitive advantage. However, it is important to consider whether your BI provides timely, clear data and integrates data from every possible source within the organization. The enterprise must carefully consider its specific requirements and choose a solution that provides the right information to the right user at the right time. Download this report to learn more.

assessing forecast accuracy  a Complete Business Picture with a BI Dashboard With the right business intelligence (BI) solution, any enterprise can improve performance, decrease time to market, analyze and forecast data, and achieve competitive advantage. However, it is important to consider whether your BI provides timely, clear data and integrates data from every possible source within the organization. The enterprise must carefully consider its specific requirements and choose a solution that provides the right information Read More

Inbound Fax Routing


Fax technology can provide accuracy in routing and delivery. An inbound fax routing solution gives you many options for directing received faxes. This allows you to determine the destination of your received faxes, and stipulate multiple choices for the fax delivery format. No need to let your faxes go astray—an inbound fax routing solution will keep your faxes on the right path.

assessing forecast accuracy   Read More

Midwest Spring Manufacturing Company


Learn how Mid-West Spring Mfg. Co., a spring manufacturing and stamping wire forming company, improved inventory accuracy by nearly 100 percent, streamlined operations, enhanced customer service, and improved intelligent analysis.

assessing forecast accuracy  visibility,Mid-West,Epicor,vantage,case,management Read More

10 Tips for Perfect (Nearly!) Inventory Accuracy


Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse operations without going into reactive mode. This is mainly due to a lack of proper or basic inventory record maintenance and accuracy. Some organizations don’t measure inventory in an accurate manner, or they don’t even have such

assessing forecast accuracy   Read More

Standards for Financial Plans


Large companies can afford to develop their own budget and forecast systems, but for small businesses, there’s only one choice—the spreadsheet. But spreadsheet financial plans are all over the map—no rules, no procedures, no consistent formatting, and minimal GAAP accounting. This white paper proposes standards that can help entrepreneurs and small business owners create, format,and manage financial plans.

assessing forecast accuracy  for Financial Plans Large companies can afford to develop their own budget and forecast systems, but for small businesses, there’s only one choice—the spreadsheet. But spreadsheet financial plans are all over the map—no rules, no procedures, no consistent formatting, and minimal GAAP accounting. This white paper proposes standards that can help entrepreneurs and small business owners create, format,and manage financial plans. Read More

How Best-in-class Plan, Budget, and Forecast in Today’s Dynamic World


Prospects for the global economy remain precarious. But effective financial planning, budgeting, and forecasting can enable successful decision making even in periods of unprecedented change. Dynamic financial planning enabled through five key elements—process, organization, knowledge management, technology, and performance management—give business leaders the tools to take action and emerge even stronger. Find out how.

assessing forecast accuracy  Best-in-class Plan, Budget, and Forecast in Today’s Dynamic World Prospects for the global economy remain precarious. But effective financial planning, budgeting, and forecasting can enable successful decision making even in periods of unprecedented change. Dynamic financial planning enabled through five key elements—process, organization, knowledge management, technology, and performance management—give business leaders the tools to take action and emerge even stronger. Find out how. Read More

Case Study: Newman Technology


Newman Technology realized it needed an enterprise resource planning (ERP) solution for production accuracy and accountability. This case study looks at their results with software from the Plex Manufacturing Cloud.

assessing forecast accuracy  Plex ERP, Newman Technology, Plex Manufacturing Cloud, enterprise resource planning software, manufacturing ERP Read More

Why Project Portfolio Management Is a Must-have Strategic Asset in a Down Economy


Project portfolio management (PPM) software can provide a dynamic decision-making process for assessing projects such as portfolios, prioritizing projects, and allocating limited resources to meet key organizational objectives. Using PPM can also help you better align and manage your people, projects, and processes—giving you the ability to react quickly to change and minimize risk in the current declining market.

assessing forecast accuracy  dynamic decision-making process for assessing projects such as portfolios, prioritizing projects, and allocating limited resources to meet key organizational objectives. Using PPM can also help you better align and manage your people, projects, and processes—giving you the ability to react quickly to change and minimize risk in the current declining market. Read More