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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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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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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

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

Charting a New Course in Effective Distribution Supply Chain Management


Wholesale distributors that pursue growth while neglecting supply chain effectiveness are putting their long-term survival at risk—usually for no good reason. Supply chains have gained complexity in recent years, but solutions for achieving supply chain management (SCM) effectiveness have become both more accessible and easier to deploy. Learn how these solutions can help your company overcome its SCM challenges.

calculating forecast accuracy  establishes buying levels by calculating the SKU/location end-demand forecast with the intent of improving buy accuracy and cutting significant inventory from the operation. Subsequent planned steps include: driving the demand forecast through allocation planning; reconciling incoming levels against distribution center capacity requirements and inventory histories and, eventually, applying the forecast to both labor and shipping requirements. The initiative is projected to reduce total inventory in the Read More

Meet Sage Inventory Advisor in the Cloud


Sage recently announced the general availability of Sage Inventory Advisor, a new cloud forecasting and planning solution that integrates with Sage enterprise resource planning (ERP) systems to provide companies with a daily diagnostic of inventory, reduce time spent on forecasts, and resolve the optimal investment required to achieve target fill rates. As a cloud-based subscription service, Sage

calculating forecast accuracy  Sage Inventory Advisor in the Cloud Sage recently  announced the general availability of Sage Inventory Advisor , a new cloud forecasting and planning solution that integrates with Sage enterprise resource planning (ERP) systems to provide companies with a daily diagnostic of inventory, reduce time spent on forecasts, and resolve the optimal investment required to achieve target fill rates. As a cloud-based subscription service, Sage Inventory Advisor should be fast to implement and accessible via a 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. Successful order forecast collaboration requires all members to share risks if forecasts vary, and to discuss issues as they arise. Accurate order forecasts drive sales increases, inventory decreases, and better decisions. With so many benefits across the entire demand chain, shouldn’t you look into order forecast collaboration with your partners?

calculating forecast accuracy  Forecast Collaboration: Benefits for the Entire Demand Chain Order Forecast Collaboration: Benefits for the Entire Demand Chain If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. RPE is one of the only consulting companies to offer strategic, functional and technical expertise focused exclusively on the retail industry. Our global technology skills, capacity to deliver results and collaborative approach are key assets that help Read More

Microsoft Windows Services For Unix - SFU = DOA?


Microsoft is about to start charging US$149 for its limited collection of Unix-compatible utilities for Windows NT/2000 clients. We forecast a minimal market for this product.

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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 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.

calculating 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

Rethinking the Supply Chain: Meeting the Complexity Challenge


The requirements of operating in a global, just-in-time (JIT) market have made supply chains much more complex than they were 10 years ago. Much of the software meant to assist in managing this complexity has itself become too complex to use—and too expensive to cost-justify. Discover the benefits of using a less complex supply chain solution that better supports a collaborative effort along your supply chain.

calculating forecast accuracy  the Supply Chain: Meeting the Complexity Challenge Demand Solutions Forecast Management opens up a whole new world for supply chain management - better demand planning, improved inventory planning and, ultimately, increased efficiency and profits. Source : Demand Solutions Resources Related to Rethinking the Supply Chain: Meeting the Complexity Challenge : Supply Chain (Wikipedia) Rethinking the Supply Chain: Meeting the Complexity Challenge Supply Chains is also known as : Supply Chain Read More

Calculating Utilization in a Services Company


Utilization is important for all services organizations. Maintaining high utilization of your employees drives higher billing, higher revenue—and higher profits. Yet tracking and measuring utilization poses challenges. Learn how to create a policy for calculating utilization that is consistent with common industry practices—and how to use your professional services automation (PSA) tool to measure and report utilization.

calculating forecast accuracy  create a policy for calculating utilization that is consistent with common industry practices—and how to use your professional services automation (PSA) tool to measure and report utilization. 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 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 forecasts.

calculating 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

Barcoding 101 for Manufacturers: What You Need to Know to Get Started


For manufacturers, barcoding carries with it numerous benefits, including increased accuracy, efficiency, and traceability, along with easier adherence to customer or regulatory requirements. Discover how implementing barcoding as part of an integrated software-as-a-service (SaaS) solution can help manufacturing companies of all sizes, and in many different industries, improve operations and business performance.

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Sodebo Selects DynaSys Demand Planning Solution


About a year ago, QAD made the wise and relatively inexpensive acquisition of DynaSys in France for sales and operations planning (S@OP), procurement planning, production planning, distribution planning, demand planning, strategic network planning, and inventory optimization capabilities. Strasbourg is now a supply chain management (SCM) competence center for QAD, as DynaSys has 27 years of

calculating forecast accuracy  Selects DynaSys Demand Planning Solution About a year ago, QAD made the wise and relatively inexpensive acquisition of DynaSy s in France for sales and operations planning (S&OP), procurement planning, production planning, distribution planning, demand planning, strategic network planning, and inventory optimization capabilities. Strasbourg is now a supply chain management (SCM) competence center for QAD, as DynaSys has 27 years of experience and several million (USD) in revenues. About 20 percent Read More