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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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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...
Best Practices in Creating a Strategic Finance Function
Many chief financial officers (CFOs) have started to take on new strategic roles. Their goals are to enforce stricter controls to ensure legal and regulatory

equal forecast accuracy erp  acquisitions and an almost equal number of divestitures (55 in all). The CEO wished to hone in on the segments in which the company''s product line led the market and exit those from which it derived no competitive advantage. While the strategy succeeded and growth was maintained, operational difficulties began to show up. 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...
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...
ERP Selection: Starting Out on the Right Foot
Enterprise resource planning (ERP) software selection and implementation can be complicated. But having an ERP strategy in place from the start makes it easier.

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Epicor ERP (v. 9.05): ERP for SMB Certification Report
Epicor ERP Software System (v. 9.05) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for small to medium businesses

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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

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ERP Trivia - Every Why Should Have Its Wherefore Part 1: ERP Trends
We take the liberty to comment on the findings of a report, which was recently released by a renowned research organization, and which pinpoints ERP

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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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NetSuite ERP TEC Certified in Discrete Manufacturing ERP
TEC is pleased to announce that NetSuite ERP is now TEC Certified for discrete manufacturing enterprise resource planning (ERP) under TEC’s ERP Evaluation

equal forecast accuracy erp   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

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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

equal forecast accuracy erp  in this example almost equals the current pretax income of $500,000. Figure 3.2 Summarized income statement for a typical $10 million firm   Current Typical Improvement Benefit Sales $10,000,000 10% Cost of sales 7,500,000   Material 4,500,000 60% Labor  1,000,000 13% Overhead 2,000,000 27% 5% $225,000 10% $100,000   Administrative expenses 2,000,000   $150,000 Pretax income $ 500,000   $475,000 ERP Impact on Key Financial Ratios Ration analysis provides another way to look at the impact of an ERP Read More...
Pronto Xi Dimensions
PRONTO-Xi is an enterprise resource planning (ERP) solution designed to help companies maintain visibility over the extended enterprise@including field sales

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Practical Guide to ERP for Recipe/Formula-based Manufacturers
Understanding the features, functions, and architecture of an enterprise resource planning (ERP) system best suited to your type of manufacturing will help you

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