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 equal forecast accuracy

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.

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Documents related to » equal forecast accuracy

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.

equal forecast accuracy  weight of 10 to equal a weighted average of about 134 pieces. A forecast of 134 pieces appears to be better than the previous estimate of 117 pieces, but it will probably still fall short of July''s actual usage. But remember that past usage is just one element of a comprehensive forecast. Trends No average of past usage can result in a forecast that is greater (or less) than the largest (or smallest) usage quantity included in the calculation. If usage is either consistently increasing or decreasing over 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 their neighbors and relatives (while discussing sports, weather, world politics, and the neighborhood gossip) I would sometimes naively ask for a sip of coffee. The deterring line (a bogey-man tale) from my folks would be that “kids that drink

equal forecast accuracy  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 challenges, combined with customer demands for product availability, can conflict with operational goals of increasing inventory turnover and minimizing costs. However, business automation software can deliver sophisticated distribution capabilities designed to help you with these important business issues.

equal forecast accuracy  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

Demand-driven Supply Networks for Small and Medium Business


Lately demand-driven supply networks (DDSN) are a much talked about topic, yet little is written about SMBs and DDSN. By understanding the basics of DDSN, and through selective implementation, SMBs can experience the agility, adaptability, and alignment of DDSN.

equal forecast accuracy  from customers with an equal and opposite push from supply chain members. Instead of leading the market from a push and artificially inducing unsustainable market demand, the concept behind DDSN is to react in tandem with demand. The methodology behind DDSN is to bring the supply chain eco-system into balance. The Advantage There are three main advantages to DDSN as a supply chain strategy: Participants in the supply chain are all able to take part in shaping demand as apposed to merely accepting it. Read More

6 Key Challenges Solved With End-to-end Human Resource Management


Human resource (HR) departments have an increasingly strategic role within an organization, particularly in the areas of recruiting, compensation, benefits cost containment, and employee development. But often the HR staff finds itself burdened with too many administrative tasks and never-ending paperwork. Learn about solutions that can help your HR department reduce routine administration and cut through complexity.

equal forecast accuracy  and recordkeeping requirements. The Equal Employment Opportunity Commission (EEOC) has created a definition of an Internet job applicant to help employers understand how to treat such applicants. Federal guidelines meant to standardize how employers track data on the diversity of their job-applicant pool are in effect for U.S. companies with more than 50 employees. Under these guidelines initiated in 2006, federal regulators will be checking to see that companies are keeping diversity data on all Read More

Barcoding 101 for Manufacturers: What You Need to Know to Get Started


For manufacturers, barcoding carries with it numerous benefits, including increased accuracy, efficiency, and traceability, along with easier adherence to customer or regulatory requirements. Discover how implementing barcoding as part of an integrated software-as-a-service (SaaS) solution can help manufacturing companies of all sizes, and in many different industries, improve operations and business performance.

equal forecast accuracy  Plex Online,manufacturing,barcode,manufacture,saas,barcode scanner,manufacturing business,manufacturing production,barcode scanners,manufacturing process,barcodes,barcode software,contract manufacturing,manufacturing management,manufacturing software Read More

Identifying the ROI of a Software Application for SCM Part 3: Performing the Data Analysis


By using software tools that help you forecast and work together with others inside your organization, and even with your customers, the forecasts may become more accurate. You can make an assumption on how much improvement might be possible. This part discusses the challenge of performing the data analysis.

equal forecast accuracy  the ROI of a Software Application for SCM Part 3: Performing the Data Analysis Identifying the ROI of a Software Application for SCM Executive Summary    The competitive environment for every industry grows increasingly intense. Fast, reasonably accurate information about the impact of a software investment decision grows more critical. Many decision-makers look for an exact forecast of return on investment (ROI) from the purchase of a supply chain management application. At least four very Read More

JustEnough for Retail


JustEnough's solutions, available for cloud or on premises implementations, can help retailers forecast customer demand, plan merchandise and inventory, and then execute on those plans. Modules available from JustEnough include Merchandise Financial Planning, Assortment & Space Planning, Price & Markdown Planning, Promotion Management, Allocation and Replenishment.    

equal forecast accuracy  for Retail JustEnough''s solutions, available for cloud or on premises implementations, can help retailers forecast customer demand, plan merchandise and inventory, and then execute on those plans. Modules available from JustEnough include Merchandise Financial Planning, Assortment & Space Planning, Price & Markdown Planning, Promotion Management, Allocation and Replenishment. Read More

Case Study: Envision Credit Union


In 2006, Envision Credit Union’s new chief financial officer (CFO) was looking to improve the visibility, efficiency, and accuracy of the company’s accounting and finance functions. Find out how a new business intelligence (BI) and analytics solution helped Envision reduce administrative costs, increase the average amount of overnight cash investments, and improve operational visibility, without adding staff.

equal forecast accuracy  sales analytics,business objects intelligence,cognos business intelligence,dashboard business intelligence,business intelligence services,business intelligence solution,business intelligence tool,market analytics,business intelligence solutions,business intelligence bi,business intelligence analyst,business intelligence tools,video analytics,business intelligence development,predictive analytics Read More

Planning, Budgeting, and Forecasting Software Evaluation and Selection Guide


Enterprise planning—budgeting, forecasting, and reporting—is a crucial component of financial management that contributes to companies’ success. However, planning is often seen as a time-consuming burden. Find out how an enterprise planning system can help you deliver more timely and reliable plans and enhance strategic decision making, to more quickly identify, analyze, and forecast the impact of changes as they occur.

equal forecast accuracy  the “excellent financial management equals excellent business management” culture, the ongoing alignment of strategic and operating plans is vital. Because of their responsibility to engage department managers in the planning process, finance professionals must clearly communicate corporate strategic plans to those who run the business day-to-day. Finance can help translate strategic goals into financial targets and—in turn—into specific departmental plans and related revenue- and expense Read More

Kronos Launches Predictive Workforce Scheduling in Healthcare


Kronos has released a new forecasting application, Workforce Forecast Manager, available within the flagship Kronos Workforce Central suite of workforce management (WFM) applications for healthcare organizations, that predicts fluctuating labor demand by leveraging historical volume data.

equal forecast accuracy  Launches Predictive Workforce Scheduling in Healthcare Kronos has released a new forecasting application , Workforce Forecast Manager , available within the flagship Kronos Workforce Central suite of workforce management (WFM) applications for healthcare organizations, that predicts fluctuating labor demand by leveraging historical volume data. Healthcare organizations can use this application to deliver a more accurate workload plan and build the foundation of a predictive scheduling process.   To Read More

Make Sure Metrics Don’t Kill Your Business


Measuring programming progress by lines of code is like measuring aircraft building progress by weight. —Bill Gates Business metrics—the quantifiable measurements by which a company’s performance is gauged—are part of the broad area of business intelligence (BI) or business analytics (BA). In this regard, metrics are the application of a mathematical expression to a set of data

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Filling the Holes and Breaking Down Artificial Walls in a Process PLM Solution Set - Part 2


Part 1 of this blog series established that the product lifecycle management (PLM) software market for process industries (food @ beverage, life sciences, chemicals, paints, consumer products, etc.) has not been well-defined as compared to its counterparts in the discrete manufacturing and fashion (apparel) industry segments. Indeed, the process PLM solution market is currently

equal forecast accuracy   Read More

ToolsGroup-Statistics-based Supply Chain Planning


ToolsGroup continues to carve out a space for itself in supply chain. Not satisfied with being the last remaining independent multi-echelon inventory optimization (MEIO) vendor, ToolsGroup is pushing forward with broader supply chain capabilities centered around a core statistics-focused demand forecasting capability. While many will argue the virtues of “top down” vs. “middle out” vs. “bottom up”

equal forecast accuracy  Statistics-based Supply Chain Planning ToolsGroup  continues to carve out a space for itself in supply chain. Not satisfied with being the last remaining independent multi-echelon inventory optimization (MEIO) vendor, ToolsGroup is pushing forward with broader supply chain capabilities centered around a core statistics-focused demand forecasting capability. While many will argue the virtues of “top down” vs. “middle out” vs. “bottom up” forecasting (or a mix of these approaches), Read More