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 demand forecast accuracy scm

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 » demand forecast accuracy scm

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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Demand Planning: Optimizing Operations across the Supply Chain


Demand planning applications can help manufacturers establish baseline sales forecasts and perform analysis to improve resource usage. They can also help manufacturers optimize pricing capabilities and better understand their markets. Yet to get the most out of these tools, manufacturers must be willing to reorganize their planning processes—and to share the resulting insights with supply chain partners and customers.

demand forecast accuracy scm  data to build a demand forecast for its service parts. The company uses a demand management system to digest more than three years of parts sales data to calculate demand forecasts by part number for four warehouses, leading to an order plan for some 50,000 parts. The order is then sent to Korea, where the company is headquartered and where many of its parts suppliers are located. As a result, the company has reduced inventory and boosted its fill rate. Supply-Chain Collaboration Manufacturers and Read More

SAP SCM-Stepping Out of Obscurity


Major new SAP products are being released in the realms of supply chain management (SCM), manufacturing execution systems (MES), and product lifecycle management (PLM). TEC principal analyst P.J. Jakovljevic examines the solutions that SAP is offering for supply chain executives to expand beyond the traditional boundaries of SCM, PLM, and enterprise resource planning (ERP).

demand forecast accuracy scm  multiple sources, starting with demand intelligence (i.e., forecast error, forecast bias, and intermittency). On the side of supply chain intelligence, there are the mean lead-time, in-transit inventory, order processing/goods receipt, and lead-time variability factors. Finally, production variability comes from the mean schedule attainment and schedule attainment variability factors. Based on scalable Oracle ’s Java Enterprise Edition (J2EE) architecture, SAP’s EIO offering is synchronized with 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 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

demand forecast accuracy scm  demand analytics, and characterizes demand by analyzing historical forecast accuracy, bias, and intermittency trends. With a real-time view on all market activity, including sentiments from social networks, companies should be able to better sense and shape demand. Marketing should be able to create promotions for products while agile supply chain organizations should be able to ensure rapid response to changes in demand patterns. The launch of SAP Enterprise Demand Sensing comes on the heels of the 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.

demand forecast accuracy scm  business outcomes, yet most demand forecasting systems today often produce disappointing results and significant forecast errors. The traditional standard models found in these systems cannot easily identify trends in the data. Their inability to model the underlying causes of demand variability can also lead to poor trade promotion execution and failed new product launches. Last but not least, they can be manually intensive, resulting in poor planner productivity.   More than three years ago ToolsGroup Read More

On-demand Business Process Management


The most advanced business process management (BPM) applications bridge departmental and geographic boundaries, and manage the flow of documents and data according to sophisticated process rules. And while many would suggest that an on-demand BPM service offering would most benefit small businesses, a real case can be made that such offerings might be more valuable for medium and large businesses.

demand forecast accuracy scm  demand Business Process Management The most advanced business process management (BPM) applications bridge departmental and geographic boundaries, and manage the flow of documents and data according to sophisticated process rules. And while many would suggest that an on-demand BPM service offering would most benefit small businesses, a real case can be made that such offerings might be more valuable for medium and large businesses. Read More

On-demand Product Life Cycle Management: Not Just for Small to Medium Businesses Anymore


Product lifecycle management (PLM) is set to transition to an on-demand model. On-demand models are quicker and cheaper to deploy, but software providers must gain user enterprises' trust before on-demand PLM really takes off.

demand forecast accuracy scm  demand Product Life Cycle Management: Not Just for Small to Medium Businesses Anymore Background Software-as-a-service (SaaS) is gaining momentum. In accordance with this trend, the product lifecycle management (PLM) market is set to follow the path of customer relationship management (CRM) in an aggressive transition from large, expensive software implementations to the utilization of on-demand SaaS. According to AMR Research , small to medium businesses (SMB) spent $2.1 billion (USD) on PLM-related Read More

Logility Voyager Solutions for Supply Chain Management (SCM) Certification Report


Logility Voyager Solutions is now TEC Certified for online evaluation of supply chain management solutions in the Supply Chain Management (SCM) Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

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Intelligent Response Management Strategies for Managing Demand-Supply Networks


Over 190 companies were surveyed regarding their challenges within demand-supply networks and the top priorities for managing these networks. This paper is based on an analysis of that survey and highlights the need for companies to focus on intelligent response management strategies that bridge planning and execution.

demand forecast accuracy scm  Management Strategies for Managing Demand-Supply Networks Over 190 companies were surveyed regarding their challenges within demand-supply networks and the top priorities for managing these networks. This paper is based on an analysis of that survey and highlights the need for companies to focus on intelligent response management strategies that bridge planning and execution. Read More

SignalDemand: Dealing with Supply- and Demand-side Pricing Matters - Part 1


In TEC's previous articles and blog posts about pricing management and optimization vendors like Zilliant, Vendavo, DemandTec, Servigistics or Revionics, the main focus was on finished goods (including spare parts). Whether these final products are sold at retail shelves to consumers or dealt directly between trading partners, their proper pricing is meant to create demand and profitability for

demand forecast accuracy scm  is meant to create demand and profitability for the seller. In other words, the idea is to harness science to understand products’ baseline demand, price sensitivity , and the impact of pricing actions based on demand sensing insights. Recently, however, I had a chance to meet with an interesting pricing optimization startup vendor whose aim is to help upstream manufacturers and suppliers understand how to better translate commodity (e.g., corn, soy, oil, gas, electricity, metals, polypropylene) prices Read More

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.  

demand forecast accuracy scm  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. Read More

Demand Management Software Evaluation Report


If your business primarily needs forecasting, marketing, merchandising, simulating, and planning support, you will find vendors in the demand management Software Evaluation Report offer solutions focused on these issues.

demand forecast accuracy scm  Software Evaluation Report TEC''s Demand Management Software Evaluation Report allows you to compare and analyze the features, functions, and services of multiple enterprise software solutions. Vendor responses are comprehensively rated on their level of support of for each criterion (supported, not supported, customization, future releases, etc.) to ensure you make an accurate and informed decision. This Software Evaluation Report provides extensive information about vendor or provider capabilities. Read More

Disruptive Innovations? On-demand Pricing Models and Vendors


Vendors must make fundamental changes to sales and support processes to accommodate on-demand, transaction-based pricing. Software vendors must rethink the kinds of functions they provide, how best to deliver those capabilities, and what approaches to take through the channel.

demand forecast accuracy scm  Innovations? On-demand Pricing Models and Vendors Effect of Transition on Vendors Quick ramp-up, lower implementation, and the almost non-existent support costs of hosted software services makes utility or on-demand pricing appealing customers. However, vendors embarking on these new pricing models (see Parts One and Two ), which treat software as a service, are sure to experience growing pains. Traditional upfront licenses provide a big gulp of revenue which decreases between releases. Read More

A "Tell All" Chat with SAP's SCM Product Marketing Team


My recent article SAP SCM – Stepping Out of (Relative) Obscurity analyzed SAP’s revamped comprehensive supply chain management (SCM) suite, its major components, and its supply chain process bundles. In addition to receiving a number of public comments and ratings by TEC’s readers, I was recently roasted privately during a lunch meeting with a couple of peers. Namely, they expressed their

demand forecast accuracy scm  in development around SAP Demand Signal Management, which is collaboration between the two teams. More information will be available on this solution in the near future. CPG and Retail are key industries for our supply chain execution (SCE) solutions. Our global trade management (GTM) solutions team is set up to coordinate cross-industry requirements and as we adopt Lean Principles, we will accelerate the delivery of solutions across industries and package existing ones to meet such needs. PJ : Why do Read More

Newman Technology Cuts Inventory Costs by 25 Percent; Achieves 98 Percent Inventory Accuracy


Newman Technology was using a paper trail system to manage a lot of traffic, and realized that it needed a modern-day solution for production accuracy and accountability. It needed a robust tool and disciplined processes for managing its inventory, purchase orders, and accounts receivables. Learn how Newman Technology improved its communication with suppliers and gained visibility into suppliers’ operations.

demand forecast accuracy scm  cloud ERP, cloud supply chain solution, supply chain visibility, supply chain management Read More