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 calculating 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 » calculating forecast accuracy

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 profit dollars. To accomplish this, estimates of future use of stocked items must be as accurate as possible. Discover how analyzing weighted averages, trend factors, and other formulas can help you accurately anticipate—and manage—future demand for your products.

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Less Stock, More Profit: Inventory Optimization


Inventory optimization is the area where most enterprise resource planning (ERP) software implementations get the highest and fastest return on investment (ROI). However, many companies implementing an ERP solution don’t add a dedicated inventory optimization module. Learn how inventory optimization can offer companies huge potential to maximize the value of IT investments—and keep inventory levels at the right balance.

calculating forecast accuracy  order quantities. Calculate forecast Calculating a forecast is the most critical part of inventory optimization. Inaccurate forecasts result in either overstock or understock, both of which can be very damaging to the business. Forecasting is the basis of warehouse stock levels and must be as accurate as possible. ERP software is a proven asset to have for reacting immediately to demand deviances in trends or seasonality. When it comes to forecasting, there are two main policies, both of which are Read More

Supply Chain Cost-cutting Strategies


Process industries (chemicals, food and beverage, oil and gas, etc.) face rising manufacturing and logistics costs. And they’re finding that the old strategies for cost containment no longer pack the same punch. Some surveys show that 75 percent of all respondents are redesigning their supply chains to keep these costs in check. Are you one of them? No? You’ve got a lot of catching up to do—and very little time to do it.

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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 more accurate. You can make an assumption on how much improvement might be possible. This part discusses the challenge of performing the data analysis.

calculating forecast accuracy  the ROI of a Software Application for SCM Part 3: Performing the Data Analysis Identifying the ROI of a Software Application for SCM Executive Summary    The competitive environment for every industry grows increasingly intense. 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 Read More

Enter Enterprise Incentive Management and Incentive Compensation Management


Companies with large sales forces, huge product portfolios, and complex incentive plans with many variables need to offer variable pay. This has created opportunities for a new enterprise software category called enterprise incentive management (EIM), or incentive compensation management (ICM).

calculating forecast accuracy  to execution processing and calculating incentive compensation, from sales transaction to accounts payable (A/P) system integration maintaining multiple levels of reporting hierarchies, for complete organizational support effective dating applied to all major compensation plan components, for flexibility and change management supporting business units running on different fiscal calendars and in different currencies automating dispute resolution, providing for easy entry, research, and communication of Read More

Selecting the Right Enterprise Planning Solution: Considerations for Software Evaluators


Companies face an unprecedented need to forecast and plan with speed and accuracy. Planning solutions must leverage the link between planning and analysis to manage corporate performance. However, many solutions offer only half your planning and performance management needs: analyzing yesterday’s performance. Learn about a solution that can help you predict, plan, and manage tomorrow’s performance, to improve on today’s.

calculating forecast accuracy  the Right Enterprise Planning Solution: Considerations for Software Evaluators Companies face an unprecedented need to forecast and plan with speed and accuracy. Planning solutions must leverage the link between planning and analysis to manage corporate performance. However, many solutions offer only half your planning and performance management needs: analyzing yesterday’s performance. Learn about a solution that can help you predict, plan, and manage tomorrow’s performance, to improve on Read More

Sage Fixed Assets


A trusted name in fixed asset management for 30 years, Sage Fixed Assets solutions help eliminate redundant data entry, increase accuracy, and reduce costs while guarding against regulatory noncompliance. By combining numerous tax and accounting rules, as well as more than 50 depreciation methods and an intuitive interface, Sage Fixed Assets delivers the most complete fixed asset management solution available. With comprehensive depreciation calculations for financial and tax reporting, asset inventory tracking and reconciliation, construction-in-progress management, and customized reporting, companies can effectively manage every step of the fixed asset lifecycle—from acquisition to disposal.

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Leading Online Retailer Wayfair Invests in Supply Chain Planning (SCP) Software from ToolsGroup


Reportedly, for some time the demand planning solution from the incumbent Demand Solutions was doing an adequate job at Wayfair, including in terms of attribute-based forecasting for retail items that come in multiple variations. But as the number of stock-keeping units (SKUs) increased and lifecycles shrank, the challenge became to forecast a wide variety of heterogeneous demand behaviors (black,

calculating forecast accuracy  Online Retailer Wayfair Invests in Supply Chain Planning (SCP) Software from ToolsGroup Reportedly , for some time the demand planning solution from the incumbent Demand Solutions was doing an adequate job at Wayfair, including in terms of attribute-based forecasting for retail items that come in multiple variations. But as the number of stock-keeping units (SKUs) increased and lifecycles shrank, the challenge became to forecast a wide variety of heterogeneous demand behaviors (black, white, and sha Read More

Kronos Launches Predictive Workforce Scheduling in Healthcare


Kronos has released a new forecasting application, Workforce Forecast Manager, available within the flagship Kronos Workforce Central suite of workforce management (WFM) applications for healthcare organizations, that predicts fluctuating labor demand by leveraging historical volume data.

calculating forecast accuracy  Launches Predictive Workforce Scheduling in Healthcare Kronos has released a new forecasting application , Workforce Forecast Manager , available within the flagship Kronos Workforce Central suite of workforce management (WFM) applications for healthcare organizations, that predicts fluctuating labor demand by leveraging historical volume data. Healthcare organizations can use this application to deliver a more accurate workload plan and build the foundation of a predictive scheduling process.   To Read More

Connect and Optimize: Microsoft Dynamics Solutions in Industrial Equipment Manufacturing


Leading industrial equipment manufacturers are using new technology strategies to improve accuracy in quotations and configurations, improve customer satisfaction, increase supply chain visibility, and grow service revenues. Learn how to connect and optimize operations and create amazing customer experiences, for agility, low total cost of ownership, and fast time to market.

calculating forecast accuracy  industrial equipment manufacturers, manufacturing ERP, industrial ERP, quotation accuracy, industrial supply chain processes Read More

A Data-Driven Approach: Improving Outcomes and Financial Performance


This white paper discusses ways of using a patient data superset strategy of expanded medical data accuracy, comprehensiveness, granularity, and accessibility to drive real improvements in patient care management, use, and financial performance.

calculating forecast accuracy  MedAssurant,medical informatics,healthcare informatics,health care informatics,health care,healthcare quality,care management,advanced data analysis,disease management Read More

How to Solve Printed Packaging Workflow Issues


Keeping track of the accuracy of packaging components in the pharmaceutical industry can be very challenging. It is important that every company be completely confident that printed packaging workflows are as efficient and effective as possible. Examine how automated proofreading has been proven to be an integral part of solidifying content integrity within a complex packaging workflow process.

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Collaborative Demand Planning


In theory, demand planning is the foundation for profitable operations. But in practice, it is often a difficult endeavor. Accuracy can fluctuate wildly, and companies tend to react to inaccuracies with new investments in technology, processes, and people. However, new investments do not guarantee better forecasts. There are often fundamental issues that need to be addressed before achieving positive results.

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Demand Commander


Demand Commander is a demand forecasting and planning solution designed for sales representatives, managers, planners, and c-level management. It can be used to manage customers; derive and execute sales plans; plan production, purchase, and deploy products; and present key business metrics. Demand Commander's functions include demand factor learning; model creation and competition; and consensus building.  

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