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 early forecasting 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.

Compare Now

Documents related to » early forecasting 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.

early forecasting accuracy scm  until late April or early May. Forecasts for February, March and April should have no effect on your current replenishment plans. Identify Products Whose Future Demand Cannot be Forecast We''ve spent a lot of time discussing how to accurately forecast future demand of products. Unfortunately, like lottery winners, future usage of some products cannot be accurately predicted. These items tend to have sporadic or irregular usage. Here is the usage history of one of these products: January February March Read More

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 scm  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

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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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.

early forecasting accuracy scm  those successful new products early on allows companies to determine the most advantageous way to allocate additional marketing, purchasing and replenishment resources to up and coming products.   For more background see TEC ’s previous blog post on ToolsGroup . Read More

Impressive Enterprise Resource Planning Solution Gets A Little Help From Its Friends


Despite impressive product depth and breadth (for instance, customer relationship management [CRM], workflow, traceability, and quality management are provided natively), Strategic Systems International (SSI) has longstanding partnerships with several best-of-breed specialists.

early forecasting accuracy scm  . Holistic Inventory Optimization Early in the 2000s, the company launched a partnership with UK-based Barloworld Optimus, whose inventory optimization Optimiza tools (privately labeled as the TROPOS Optimiza module by SSI) have helped many user companies cut stock levels while simultaneously improving product availability. Optimus has an innovative inventory management methodology, whose aim is, like many other inventory optimization products to enable clients to reduce investment in stock while at the Read More

Gaining Advantage through Early Case Assessment


Courts are issuing sanctions more frequently for inadequate search methodology, and recent opinions have highlighted the need for quality in search methodology. This article provides some helpful best practices for searching, and describes how those practices can be implemented with off-the-shelf tools that enable attorneys to perform the searches in a defensible manner while avoiding sanctions.

early forecasting accuracy scm  Advantage through Early Case Assessment Courts are issuing sanctions more frequently for inadequate search methodology, and recent opinions have highlighted the need for quality in search methodology. This article provides some helpful best practices for searching, and describes how those practices can be implemented with off-the-shelf tools that enable attorneys to perform the searches in a defensible manner while avoiding sanctions. Read More

3 Critical Considerations When Choosing Your SCM Solution


SCM software selection is a tricky and painful activity for most companies. Why? Despite the plethora of solutions currently available, it may be hard to find one that fits a company’s business model. What should companies do to ensure they are well prepared for choosing the best-fit SCM solution? TEC SCM research analyst Phil Reney offers three critical considerations to help companies in search for an SCM solution.

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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.

early forecasting accuracy scm  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

Key SCM Features to Look For (And Major Players to Look Out For)


Many CFOs, CTOs, supply chain managers, and logistics managers struggle to decide which supply chain management (SCM) software is best-suited to their organizational needs. It doesn’t help that there is an abundance (literally hundreds) of SCM solutions available on the market. Today, I’ll help you understand key SCM modules, and look at some key players with well established SCM solutions

early forecasting accuracy scm   Read More

SCM Buyer’s Guide 2012: Adapting to Challenging Times and Circumstances


TEC is coming up with four new buyer’s guides for 2012, and one slot is reserved for supply chain management (SCM) solutions. My main reason for pushing for this was that the global business landscape has been battered significantly by a slew of economic, political, social and environmental events over the past five years. This has resulted in significant losses for businesses around the world.

early forecasting accuracy scm   Read More

The Case for Spreadsheet Automation: A High ROI Alternative to Traditional Budgeting, Forecasting, and Management Reporting


How can a budget administrator, burdened with the task of gathering data from hundreds of spreadsheets from all over the organization, manage this monumental undertaking? Additionally, how to avoid using a costly packaged budget application that doesn’t take the organization’s business rules into consideration? The solution: a spreadsheet automation tool that easily adapts to the organization’s unique corporate processes.

early forecasting accuracy scm   Read More

SCM Software for Mills


Demand for mill products especially in the metals and packaging industry is growing fast. This presents a good opportunity for the software vendors who cater to the needs of customers in these industries. But these industries have some unique requirements which are discussed throughout this article. Supply chain management software which does planning and execution for manufacturing, transportation, distribution etc. for mills industry, needs to address these unique requirements.

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Early Adoption of Windows Vista Yields Strong Return for Midsize Companies


IT departments in midsize companies are expected to improve the service quality to PC users, cut IT support costs, and increase business flexibility. But midsize companies often worry about tight IT budgets and few IT resources. Deploying the Windows Vista operating system can help. Find out what 73 midsize companies have to say about how Windows Vista has offered not only cost savings, but security benefits and more.

early forecasting accuracy scm  Adoption of Windows Vista Yields Strong Return for Midsize Companies IT departments in midsize companies are expected to improve the service quality to PC users, cut IT support costs, and increase business flexibility. But midsize companies often worry about tight IT budgets and few IT resources. Deploying the Windows Vista operating system can help. Find out what 73 midsize companies have to say about how Windows Vista has offered not only cost savings, but security benefits and more. Read More

Avercast Forecasting & Demand Planning Software


The Avercast product line includes: Avercast Business Forecasting for analyzing historical product demand, forecasting future demand, and adjusting forecasts at the individual item or summary level Avercast Supply Planning for time-phased inventory planning in monthly, weekly, or daily time periods Avercast Supplier Connection for providing Web-enabled information to suppliers Avercast Trolling For Dollars for warehouse management reporting and for providing real-time information about which products can be shipped at any given time.

early forecasting accuracy scm  Forecasting & Demand Planning Software The Avercast product line includes: Avercast Business Forecasting for analyzing historical product demand, forecasting future demand, and adjusting forecasts at the individual item or summary level Avercast Supply Planning for time-phased inventory planning in monthly, weekly, or daily time periods Avercast Supplier Connection for providing Web-enabled information to suppliers Avercast Trolling For Dollars for warehouse management reporting and for providing Read More