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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

Antivirus Software: Market Review


Computer viruses are spreading through the Internet at an unprecedented rate and the antivirus market is now a $3 billion (USD) a year industry. This report measures the financial health and product quality of four key industry players: Symantec, McAfee, Computer Associates, and Trend Micro.

equal forecast accuracy  Points: Less than or equal to 50% 4 Points: Less than or equal to 60% 3 Points: Less than or equal to 70% 2 Points: Less than or equal to 80% 1 Point: Less than or equal to 100% Detected and Repaired Infected Files 5 Points: Completely reversed the damage caused by all infections 4 Points: Removed all infections, but was only able to clean some files 3 Points: Removed infections, but deleted all infected files 2 Points: Failed to detect some infections 1 Point: Failed to detect any infections Integrity 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

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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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

Human Capital as a Force Multiplier


It can be easy to group “people, process, and technology” together as equal concepts. In reality, however, people, process, and technology do not carry equal weight in organizational design, and they do not require the same type or degree of attention to succeed. Indeed, an organization’s people inevitably serve as a “force multiplier” for the other two elements.

equal forecast accuracy  and technology” together as equal concepts. In reality, however, people, process, and technology do not carry equal weight in organizational design, and they do not require the same type or degree of attention to succeed. Indeed, an organization’s people inevitably serve as a “force multiplier” for the other two elements. Read More

How Is Business Process Management Applicable to Financial Services?


Business process management (BPM) allows financial services companies to manage internal processes and to increase efficiency and accuracy. Organizations, especially those that deal with Sarbanes-Oxley, should focus on BPM to ensure compliance and to minimize error and risk.

equal forecast accuracy  business process management,BPM,financial services industry,Sarbanes-Oxley Act,SOX,compliance,industry-specific BPM solutions,BPM components Read More

Selecting the Right Enterprise Planning Solution: Considerations for Software Evaluators


Companies face an unprecedented need to forecast and plan with speed and accuracy. Planning solutions must leverage the link between planning and analysis to manage corporate performance. However, many solutions offer only half your planning and performance management needs: analyzing yesterday’s performance. Learn about a solution that can help you predict, plan, and manage tomorrow’s performance, to improve on today’s.

equal forecast accuracy  the Right Enterprise Planning Solution: Considerations for Software Evaluators Companies face an unprecedented need to forecast and plan with speed and accuracy. Planning solutions must leverage the link between planning and analysis to manage corporate performance. However, many solutions offer only half your planning and performance management needs: analyzing yesterday’s performance. Learn about a solution that can help you predict, plan, and manage tomorrow’s performance, to improve on Read More

Extending BI’s Reach: Anticipate Outcomes, Forecast Results, and Respond Proactively


Business intelligence (BI) and predictive analytics use different means but can be applied together to improve the decision process at all levels of an organization. By increasing the ability to monitor and analyze data and generate predictions, BI and predictive analytics can help an organization gain proactive control of its business. TEC analyst JorgeGarcía explains how.

equal forecast accuracy  BI’s Reach: Anticipate Outcomes, Forecast Results, and Respond Proactively Business intelligence (BI) and predictive analytics use different means but can be applied together to improve the decision process at all levels of an organization. By increasing the ability to monitor and analyze data and generate predictions, BI and predictive analytics can help an organization gain proactive control of its business. TEC analyst JorgeGarcía explains how. Read More

Leading Online Retailer Wayfair Invests in Supply Chain Planning (SCP) Software from ToolsGroup


Reportedly, for some time the demand planning solution from the incumbent Demand Solutions was doing an adequate job at Wayfair, including in terms of attribute-based forecasting for retail items that come in multiple variations. But as the number of stock-keeping units (SKUs) increased and lifecycles shrank, the challenge became to forecast a wide variety of heterogeneous demand behaviors (black,

equal forecast accuracy  Online Retailer Wayfair Invests in Supply Chain Planning (SCP) Software from ToolsGroup Reportedly , for some time the demand planning solution from the incumbent Demand Solutions was doing an adequate job at Wayfair, including in terms of attribute-based forecasting for retail items that come in multiple variations. But as the number of stock-keeping units (SKUs) increased and lifecycles shrank, the challenge became to forecast a wide variety of heterogeneous demand behaviors (black, white, and sha Read More

FDM4 ERP


FDM4 is an end-to-end enterprise solution to support businesses of all sizes. The enterprise resource planning (ERP) software allows for forecast replenishment, purchasing, order entry, customizable pre-packs, customer-specific packing rules, dynamic line sheets, and a product load tool that allows users to load new items into the ERP from a spreadsheet. The FDM4 suite also offers import management, intelligent allocations, customer relationship management (CRM), order processing, business-to-business (B2B) and business-to-consumer (B2C) e-commerce, freight calculation, integrated electronic data interchange (EDI), advanced shipment notices (ASNs), radio frequency warehouse management, multicompany and multicurrency financials, and a graphical executive dashboard. FDM4 can be configured for hard goods product lines or with flexible matrices for style, color, size, and unlimited features. FDM4 solutions is available in a licensed model with on-premise hardware or as software as a service (SaaS) in a hosted environment.  

equal forecast accuracy  ERP FDM4 is an end-to-end enterprise solution to support businesses of all sizes. The enterprise resource planning (ERP) software allows for forecast replenishment, purchasing, order entry, customizable pre-packs, customer-specific packing rules, dynamic line sheets, and a product load tool that allows users to load new items into the ERP from a spreadsheet. The FDM4 suite also offers import management, intelligent allocations, customer relationship management (CRM), order processing, 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

RAJA Selects n.SKEP Retail Planning Solution


QAD Inc. continues to gain new customers via its relatively autonomous divisions, such as Precision Software for transportation management, and the recently acquired DynaSys for supply chain management (SCM) and CEBOS for quality management. QAD expects all of those products to carry their own weight and continue to sell to non-QAD enterprise resource planning (ERP) customers (in addition to cross

equal forecast accuracy  Selects n.SKEP Retail Planning Solution QAD Inc. continues to gain new customers via its relatively autonomous divisions, such as  Precision Software for transportation management , and the recently acquired DynaSys for supply chain management (SCM) and CEBOS for quality management. QAD expects all of those products to carry their own weight and continue to sell to non-QAD enterprise resource planning (ERP) customers (in addition to  cross-selling to QAD ERP customers ). Most recently, DynaSys, a Read More