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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.
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 early forecasting accuracy erp

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.

Compare Now

ERP for the Fashion and Apparel Industry RFI/RFP Template

Financials, Human Resources, Process Manufacturing Management, Inventory Management, Forecasting, Reservations & Allocations, Purchasing Management, Quality Management, Sales Management, and Product Technology 

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Documents related to » early forecasting accuracy erp

ERP Systems Buyer’s Guide


The implementation of an enterprise resource planning (ERP) system to automate business processes is a strategic investment. Buying the right system and choosing the best vendor for you are critical to a successful ERP implementation. As a decision maker, you need to quickly identify your ERP requirements, effectively communicate these needs to vendors, and successfully compare various product alternatives. Learn how.

early forecasting accuracy erp  academic institutions are the early adopters of this option, large enterprises planning to shift away from expensive ERP implementations are increasingly focusing on this option. However, the downside of the SaaS solution is that it tends to be less flexible in terms of customization. The problem with SAAS is the level of flexibility that is traded off compared to traditional ERP. If you have complex business requirements or something that gives your company a competitive advantage, then SAAS may be Read More

Quick Response Manufacturing: ERP and Value Chain Acceleration


Whatever the reasons for pursuing a lead-time reduction strategy, time compression across all company processes is critical to growth, and in some cases means survival for today's manufacturers. Learn about the complementary nature of enterprise resource planning (ERP), value chain exceleration, and quick response manufacturing (QRM).

early forecasting accuracy erp  determined. The results of early involvement can save as much as 50 percent in time to new product introduction. When creating a new product structure, copying bills and routings improve the accuracy and accelerate the process of introducing a new or enhanced product to manufacturing. Rather than recreating the entire product structure and routing, the bills and routings function uses existing, similarly engineered products to reduce the time to generate custom quotes, costing and lead times. With strict Read More

Modern ERP Processes Behind Historic Scotch Whisky


The whisky industry is an example of a process industry where it is impossible to accurately predict demand for the final product. Goods stocked must also be meticulously accounted for, in both intermediate (partially finished) and bulk forms.

early forecasting accuracy erp  For example, during the early 1980s, there was a consistent excess of whisky, which resulted in the closure of many fine distilleries. As whisky matures, its value increases as a result of aging and the costs incurred in storing it—mainly stemming from casks and warehouse space. The government recognizes that long-term storage is a cost unique to the whisky business, so distilleries are allowed to accrue storage, rent, and transport costs against each parcel of whisky, thus reducing the impact of these Read More

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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SmartOps Steps Out in to the Cloud SCM


SmartOps Corporation is a quiet provider of supply chain planning (SCP) solutions that right-size inventory and capture more sales (by way of managing demand) for global enterprises that compete in complexity and uncertainty of their global supply chains. Deploying SmartOps’ solutions has dramatically improved supply chain performance at more than 50 Fortune 1000 and global 2000 companies in

early forecasting accuracy erp  Cloud-based Demand Sensing In early July 2012, SmartOps announced the availability of Enterprise Demand Sensing (EDS) - a brand new cloud-based analytics application to predict demand trends in order to boost sales, reduce stock-outs, and reduce expediting costs. EDS is the first application constructed from scratch on the company’s new multitenant platform as a service (PaaS) intended for cloud deployment. The new SmartOps cloud platform (live as of July 1, 2012) is built on open source components Read More

Software-as-a-service ERP versus On-premise ERP through the Lens of Total Cost of Ownership


This IDC white paper looks at the growing applicability of software as a service (SaaS) for enterprise-level business applications, and analyzes the adoption rate and total cost of ownership (TCO) of this technological approach. Download this white paper to find out how a hosted option can drive significant cost savings, reduce initial implementation times, and bring new functionality with relative ease and convenience.

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Sage 500 ERP for Process Manufacturing ERP Certification Report


Sage 500 ERP (formerly Sage ERP MAS 500) is TEC Certified for online evaluation of process manufacturing enterprise resource planning (ERP) solutions in the Process Manufacturing ERP 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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Sage ERP X3 (v. 6) for Mixed-Mode Manufacturing ERP Certification Report


Sage ERP X3 (v. 6) is TEC Certified for online evaluation of mixed-mode manufacturing enterprise resource planning (ERP) solutions in the ERP 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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Sage 500 ERP


Sage 500 ERP (formerly Sage ERP MAS 500) is an integrated series of applications covering most areas of business for enterprises with 20 to 1,000 employees. These areas include customer relationship management (CRM), accounting and financials, project accounting, distribution, manufacturing, human resources (HR), payroll, enterprise reporting, and electronic commerce. Built for the needs of an integrated enterprise, Sage 500 ERP is flexible, scalable, and fully featured to deliver a total business management solution.

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2011 Trends Report: Enterprise Resource Planning (ERP)


Enterprise resource planning (ERP) automates many aspects of an organization’s operations, cascading across traditional boundaries of operations, finance, manufacturing, and more. As such, changes in the ERP market can cause a ripple effect in an organization’s business. In this report, five Focus experts share eight of their 2011 predictions for ERP, so you can plan your business around these changing tides and trends.

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Midmarket ERP Solutions Buyer’s Guide


For all but the smallest organizations, an enterprise resource planning (ERP) system promises big gains, helping to grow revenue, increase productivity company-wide, improve efficiency throughout the enterprise, and manage costs. In this guide, you’ll find details on what to look for in a midmarket ERP package, the benefits it should bring to your midsize company, and what you need to know before you commit to a solution.

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Glovia G2 for Discrete Manufacturing (ERP) Certification Report (2011)


Glovia G2 is TEC Certified for online evaluation of discrete manufacturing enterprise resource planning (ERP) solutions in the ERP 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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Sage ERP X3 (v. 6) for Process Manufacturing ERP Certification Report


Sage ERP X3 (v. 6) is TEC Certified for online evaluation of process manufacturing enterprise resource planning (ERP) solutions in the ERP 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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Justification of ERP Investments Part 1: Quantifiable Benefits from an ERP System


Studies that surveyed manufacturers about the impact of ERP systems on firm performance indicate that company size and industry do not affect the results. Benefits have been indicated for large and small firms, whether they make standard or custom products or are in discrete or process manufacturing environments. This section explains the quantifiable benefits in terms of several areas of improvement. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.

early forecasting accuracy erp  actions can be taken early, such as determining shipment priorities, notifying customers of changes to promised delivery dates, or altering production schedules to satisfy demand. Improved accounting controls . Improved collection procedures can reduce the number of days of outstanding receivables, thereby providing additional available cash. Underlying these improvements are fast accurate invoice creation directly from shipment transactions, timely customer statements, and follow through on delinquent Read More

Beyond Traditional ERP: ERP Features and Functions for Engineer-to-order Manufacturers


Due to the complexity of engineer-to-order (ETO manufacturing, companies must move beyond the features typically offered by a traditional enterprise resource planning (ERP) implementation. Learn about the specific ERP features and functions that help ETO manufacturers reduce costs, shorten cycle times, and improve ordering while maintaining high quality, and discover the key steps to enhance an ETO ERP implementation.

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