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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 » erp assessing forecast accuracy


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,

erp assessing forecast accuracy  Analysts Forecast Accuracy | ERP Assessing Forecast Accuracy | ERP Modeling Forecast Accuracy | ERP Uncertain Forecast Accuracy | ERP Forecast Accuracy Results | ERP about Forecast Accuracy | ERP Revenue Forecast Accuracy | ERP Planning Forecast Accuracy | ERP Track Forecast Accuracy | ERP Record Forecast Accuracy | ERP Forecast Accuracy Data | ERP Early Forecasting Accuracy | ERP Search Forecast Accuracy | ERP Forecasting Accuracy Assessment | ERP Forecast Accuracy Statistics | ERP Forecasting Accuracy 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

erp assessing forecast accuracy  companies relying on an ERP system. The survey showed that companies with a rolling forecast reduced annual budget preparation time to 60 days from 85 days on average. The average survey participant generated $330,000 in cost savings each additional day the budget cycle time was reduced (through technology and improved processes). Vendor Package Finance professionals echoed the fact that, moving forward, IT would take over more of the transactional aspects of the function, while they themselves will take Read More...
APICS 2009 From the Expo Floor: Is S&OP Coming of Age? - Part 3
Part 1 of this blog series talked about my attendance of the APICS 2009 International Conference in Toronto, Canada in early October. I attended only a few

erp assessing forecast accuracy  deliver, while the production counterparts can no longer ignore market demand in their production planning processes. Even more, today there is a move away from S&OP being merely a collaborative SCP process designed to drive more accurate  demand forecasts  and align demand with production capabilities to ensure timely fulfillment of customer orders. Namely, as companies face increased global competition and supply chain challenges, along with rising transportation costs and volatile economic and 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

erp assessing forecast accuracy  on-hand quantity in the ERP system is less than what is actually on the shelf, the buyer may replenish stock of the item when there is still plenty in the warehouse. This results in excess inventory and decreased inventory turnover. On-hand discrepancies occur for a variety of reasons, but no distribution business can function effectively if its computer system does not reflect accurate quantities for each product in the warehouse. The Sage MAS 500 Solution Sage MAS 500 provides several tools designed to 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

erp assessing forecast accuracy  companies relying on an ERP system. The OSBC research also showed that companies with a rolling forecast reduced annual budget preparation time to 60 days from 85 days on average. The average OSBC research participant generated $330,000 in cost savings each additional day the budget cycle time was reduced (through technology and improved processes). Given the improvements possible through the effective use of ERP, finance professionals confirmed that, moving forward, IT would take over more of the Read More...
To ERP or Not to ERP (In Manufacturing, It Isn''t Even a Question)
Despite the benefits that enterprise resource planning (ERP) brings to manufacturers, Aberdeen findings from 2010 suggest that 26% of manufacturers have yet to

erp assessing forecast accuracy  ERP or Not to ERP (In Manufacturing, It Isn''t Even a Question) Despite the benefits that enterprise resource planning (ERP) brings to manufacturers, Aberdeen findings from 2010 suggest that 26% of manufacturers have yet to implement ERP. This report looks at the performance of companies that have implemented ERP software versus the companies that have not. It also examines the capabilities that companies with ERP have compared to those that don''t. Read More...
ERP System21
The Infor ERP System21 Workspace recognizes that the employee is often the most important factor in business process performance. The workspace is designed

erp assessing forecast accuracy  System21 The Infor ERP System21 Workspace recognizes that the employee is often the most important factor in business process performance. The workspace is designed to provide a simple, user-friendly working environment, which completely integrates individual employees with the essential processes of their organization. Read More...
ERP for Small and Midsized Companies: Time for a Decision
Until recently, enterprise resource planning (ERP) software was rarely considered for use in smaller firms, as core benefits—better business management via

erp assessing forecast accuracy  costs and complexities of ERP systems. A variety of options have emerged to overcome concerns of the past. Read on the key considerations in an ERP decision and critical implementation factors. Read More...
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

erp assessing forecast accuracy  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. As organizations determine their ERP strategy, they need to choose the right ERP vendor partner. This guide explores the pros and cons of the four types of ERP partners: partner ecosystems, frameworks, best-of-breed packages, and end-to-end integrated solutions. Read More...
ERP in Manufacturing AXIS
Enterprise resource planning (ERP) provides a necessary infrastructure, along with the transactional detail and system of record that any manufacturing business

erp assessing forecast accuracy  manufacturing business needs. But ERP also enables streamlining and accelerating business processes—while providing visibility to those processes throughout the enterprise. This AXIS report looks at ERP solution providers from a market readiness and customer value derived perspective. Read More...
Get ERP Right the First Time: A Practical Guide to Selecting and Implementing a New ERP System
Every company faces different challenges and has different needs in regard to enterprise resource planning (ERP). Choosing the right ERP system can be difficult

erp assessing forecast accuracy  ERP Right the First Time: A Practical Guide to Selecting and Implementing a New ERP System Every company faces different challenges and has different needs in regard to enterprise resource planning (ERP). Choosing the right ERP system can be difficult because there is really no one-size-fits-all ERP solution. However, there are certain basic principles that apply to nearly every company’s situation. Find out what they are, and learn how you can increase your chances of a successful ERP Read More...
What’s Up with xTuple-and Open Source ERP?
You may be wondering how the open-source ERP vendor xTuple operating with a workforce of only 27 can compete on the same stage with the software giants. Find

erp assessing forecast accuracy  , an innovative manufacturing ERP vendor that leverages a multiplicity of popular open source and proprietary technologies (see the recent article on the innovative vendor ). This article features the third vendor from the same neck of the woods, xTuple (formerly OpenMFG ), which recently turned 10 years young. As a commercial open source company, xTuple works with a global community of tens of thousands of professional users. Customers can tailor the vendor’s solutions with multi-platform support for Read More...
Sage 500 ERP
Sage 500 ERP (formerly Sage ERP MAS 500) is an integrated series of applications covering most areas of business for enterprises with 20 to 1,000 employees

erp assessing forecast accuracy  500 ERP Sage 500 ERP (formerly Sage ERP MAS 500) is an integrated series of applications covering most areas of business for enterprises with 20 to 1,000 employees. These areas include customer relationship management (CRM), accounting and financials, project accounting, distribution, manufacturing, human resources (HR), payroll, enterprise reporting, and electronic commerce. Built for the needs of an integrated enterprise, Sage 500 ERP is flexible, scalable, and fully featured to deliver a total Read More...
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

erp assessing forecast accuracy  such, changes in the ERP market can cause a ripple effect in an organization’s business. In this report, five Focus experts share eight of their 2011 predictions for ERP, so you can plan your business around these changing tides and trends. Read More...
Justification of ERP Investments Part Four: Replacing or Re-implementing an ERP System
An investment analysis focusing on enterprise resource planning (ERP) benefits frequently applies to those firms initially justifying an ERP implementation. It

erp assessing forecast accuracy  of ERP Investments Part Four: Replacing or Re-implementing an ERP System Replacing or Re-implementing an ERP System* An investment analysis focusing on enterprise resource planning (ERP) benefits frequently applies to those firms initially justifying an ERP implementation. It can also be used to justify a re-implementation when the initial efforts have failed to produce desired results. The box describing Classifications of ERP success identifies situations where the ERP implementation fal Read More...

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