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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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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...
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...
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...
Sage ERP X3 v.6 for Distribution Enterprise Resource Planning Certification Report
Sage ERP X3 v.6 is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for distribution in the ERP Evaluation Center. The

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A Guide to Selecting the Right ERP Partner
Enterprise resource planning (ERP) systems enable organizations to reduce costs, become easier for customers to do business with, and manage growth expectations

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ERP Trivia - Every Why Should Have Its Wherefore Part 2: ERP Key Success Factors
ERP systems, in fact, are devised to operate by codifying a set of business processes and employees have to learn the whys, wheres and whos of the business

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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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Sage 100 Standard ERP (v. 4.5) for ERP for Services Certification Report
Sage 100 Standard ERP (formerly Sage ERP MAS 90), v. 4.5, is TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for services in

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Epicor ERP Software System (v. 9.05) for Discrete Manufacturing ERP Certification Report
Epicor ERP Software System (v. 9.05) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for discrete manufacturers in

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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...
IFS Applications (v. 7.5) for Discrete Manufacturing ERP Certification Report
IFS Applications (v. 7.5) is TEC Certified for online evaluation of discrete manufacturing enterprise resource planning (ERP) solutions in the ERP Evaluation

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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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