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ERP System for Industrial Machinery Manufacturing
A U.S.-based manufacturer of industrial machinery turned to TEC for help selecting an enterprise resource planning (ERP) solution.
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Documents related to » equal forecast accuracy erp


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,

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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

equal forecast accuracy erp  cost pressures, and an equal number also point at escalating cus- tomer service requirements. Rising energy prices, which impact manufacturing and transportation costs, are an especially large culprit for many process industries, cited by 38%. Other factors include the cost of supporting more specialty products to fight com- moditization, labor and insurance costs, and regulatory and security compliance costs (especially hazmat, FDA, REACH, HIPAA, etc.). Companies in the process industries have struggled Read More...
The State of the Art in Finance
Thanks to recent accounting scandals and an increasingly competitive environment, many chief financial officers and the finance organizations they lead have

equal forecast accuracy erp  acquisitions and an almost equal number of divestitures (55 in all). The CEO wished to hone in on the segments where the company''s product line leads the market and exit those where it had no competitive advantage. While the strategy succeeded and growth was maintained, operational difficulties began to show up in the early 2000s. Each of the acquisitions brought along its own type of IT system; each had its own finance function and its own approach. The result was a nightmare for the CFO. Working with a Read More...
A Modern Tale of Long (Supply Chain) Tails -- Part I
As a little kid growing up in former (and erstwhile happy) Yugoslavia and watching my elders, day in, day out, downing dozens of strong Turkish coffees with

equal forecast accuracy erp  Slow-Moving Products are Create Equal  Last but not least, all slow-moving products are not created equal, which requires new levels of focus and management. Based on the products’ importance and cost-to-serve, AMR Research has created a slow-moving product framework with four differing strategies below: “Buffer” -- for products low in importance with low cost to serve; “Rationalize” -- for items low in importance and with high cost to serve; “Maximize” -- for products with high Read More...
Achieving Effective Inventory Management
In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These

equal forecast accuracy erp  filter definitions including: Is equal to, Is not equal to, Is between, Is not between, Is greater than, Is less than, Begins with, Does not begin with, Ends with, Does not end with, Contains, and Does not contain. For example, the report front-end could be used to create custom report settings such as: Warehouse Is Equal to Tampa or Rialto Item Contains Modem The corresponding report would include only items containing the word modem from the Tampa or Rialto warehouses. Further, most reports Read More...
Don’t Forget to Factor In Mobile ERP When Selecting a New ERP System
A 2011 study of mid-market manufacturers sought to understand the nature of demand for mobile access to enterprise resource planning (ERP) and other enterprise

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Sage ERP X3
Sage ERP X3 provides medium-sized businesses with fully integrated functionality in all areas of business for accounting and financial management, purchasing

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Are ERP Workarounds a Terrific Way of Shooting Yourself in the Foot?
Are ERP workarounds a terrific way of shooting yourself in the foot? TEC Analyst Gabriel Gheorghiu says “There’s no way to avoid ERP workarounds. And yes, they

equal forecast accuracy erp  a necessary evil, with equal emphasis on “necessary” and “evil.” Jorge, you’re taking the position that you can actually plan for workarounds and respond in a way that respects processes. I know from offline discussions with you both that Gabriel’s perspective derives from his experience with SMBs, while Jorge’s stems from his experience with medium to large companies. So here’s my question for the two of you:  What strategies can companies adopt to minimize or mitigate workarounds in the Read More...
Sage 100 Standard ERP (v. 4.5) for Discrete Manufacturing ERP Certification Report
Sage 100 Standard ERP (formerly Sage ERP MAS 90), v. 4.5, is TEC Certified for online evaluation of discrete manufacturing enterprise resource planning (ERP

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The Path to ERP for Small Businesses, Part 2: Evaluation of ERP Software
If you’ve gone through the research phase while looking for ERP, the next major step is the evaluation process. At the end of it, you should have a shortlist of

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Justification of ERP Investments Part Three: Costs of Implementing an ERP System
Enterprise resource planning (ERP) implementation costs can be divided into one-time costs and ongoing annual costs. Both types of costs can be segmented into

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Can ERP Answer Your Business Needs?
Deploying an enterprise resource planning (ERP) solution is an extremely important event in the development of a company. A well-managed ERP solution can help a

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ERP in Manufacturing 2011: Defining the ERP Strategy
Most manufacturing enterprises use enterprise resource planning (ERP) as their main business system. It has always been assumed is that companies strive to have

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IFS Applications (version 7.5) for ERP for the Mining Industry Certification Report
IFS Applications (version 7.5) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for the mining industry in the ERP

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ERP as a Living System: The Power of Community-Driven Product Enhancement
Today’s manufacturer is challenged by static enterprise resource planning (ERP) with annual complex upgrades. See how powerful change-on-demand capabilities

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