X
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 solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 erp planning 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.

Compare Now

Discrete Manufacturing (ERP)

The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today’s leading ERP systems group all traditional company management functions (finance, sales, manufacturing, and human resources). Many systems include, with varying degrees of acceptance and skill, solutions that were formerly considered peripheral such as product data management (PDM), warehouse management, manufacturing execution system (MES), and reporting. During the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The foundation of any ERP implementation must be a proper exercise of aligning customers'' IT technology with their business strategies, and subsequent software selection. 

Evaluate Now

Documents related to » erp planning forecast accuracy

Demand Planning: Optimizing Operations across the Supply Chain


Demand planning applications can help manufacturers establish baseline sales forecasts and perform analysis to improve resource usage. They can also help manufacturers optimize pricing capabilities and better understand their markets. Yet to get the most out of these tools, manufacturers must be willing to reorganize their planning processes—and to share the resulting insights with supply chain partners and customers.

erp planning forecast accuracy  planning | supply chain erp and demand planning | supply chain execution and demand planning | supply chain flow chart and demand planning | supply chain forecasting and demand planning | supply chain integration and demand planning | supply chain inventory management and demand planning | supply chain issues and demand planning | supply chain logistics and demand planning | supply chain management and demand planning | supply chain management articles and demand planning | supply chain management Read More

Can ERP Meet Your eBusiness Needs? Part Two: ERP is the Foundation


As a result of this push towards full eBusiness integration, businesses face challenges that force them to push the envelope of business information systems. ERP grew from its predecessors of MRP and MRP II, constantly expanding its solution footprint to address more and more of the needs of the enterprise. As you approach eBusiness, whether you do so eagerly or are dragged there kicking and screaming, you will find your business much more exposed.

erp planning forecast accuracy  largely been ignored by ERP implementations. The mantra of quality price delivery will soon be expanded to include a fourth metric of inter-operability . Successful orchestration of the complexities of a modern business enterprise, particularly in the context of an extended, or virtually vertical enterprise, will be dependent upon a company''s ability to share information promptly, securely, and effectively with customers, partners, and suppliers. This efficient exchange of information will be required Read More

ERP Plus and Beyond


ERP Plus provides tools that metal fabricators need to streamline their quoting, order entry, inventory control, production, labor collection, shipping, and invoicing processes.

erp planning forecast accuracy  currency for actual costing. ERP Plus also allows shop floor supervisors and planners to deliver job dispatches electronically; simulate finite loading and post their plan at work centers; and use electronic Kanban to pull demand through the shop. Finite scheduling capabilities may also enable users to create more accurate production schedules based on finite capacity constraints and simulate schedule changes by conducting what-if scenarios. Built-in workflow management capabilities can then send action Read More

Less Stock, More Profit: Inventory Optimization


Inventory optimization is the area where most enterprise resource planning (ERP) software implementations get the highest and fastest return on investment (ROI). However, many companies implementing an ERP solution don’t add a dedicated inventory optimization module. Learn how inventory optimization can offer companies huge potential to maximize the value of IT investments—and keep inventory levels at the right balance.

erp planning forecast accuracy  The Pharmaceutical industry needs ERP solutions that support large transaction volumes and automate purchasing and planning activities in order to react and meet constantly changing market requirements. Electrical component distribution In terms of sheer volume of SKUs, the electrical component distribution industry is among the highest. Some companies have more than 100,000 product lines. With this many SKUs, it is essential that the information on each item is correct and easy to maintain. There is Read More

Nine Ways to Use ERP to Make the Manufacturing Supply Chain Lean


There are entire books and thorough training and certification processes devoted to lean supply chain practices. But within any manufacturing environment, there are a few relatively simple steps that will help any enterprise make its supply chain lean. In this article, we will touch on these simple measures—measures that any company can take.

erp planning forecast accuracy  Ways to Use ERP to Make the Manufacturing Supply Chain Lean Originally published - March 9, 2009 Lean in a supply chain context is about a holistic view of procurement, manufacturing distribution, and sales order processing. This means that some level of enterprise technology is necessary to view the organization in an integrated context instead of as functional islands. However, before technology can facilitate the lean supply chain, manufacturing executives need to start thinking in lean supply Read More

ERP for Manufacturing (SMB)


TEC's new ERP for Manufacturing (SMB) evaluation model targets the software requirements of small and medium enterprises. If your organization doesn't have many sites to operate, seeks a solid base of ERP functionality, but doesn't want every possible feature of the biggest systems on the market, this model is a good starting place for your research. It covers fully featured accounting solutions with necessary manufacturing, inventory, human resources, purchasing, quality, and sales management functionality.

erp planning forecast accuracy  Manufacturing (SMB) TEC''s new ERP for Manufacturing (SMB) evaluation model targets the software requirements of small and medium enterprises. If your organization doesn''t have many sites to operate, seeks a solid base of ERP functionality, but doesn''t want every possible feature of the biggest systems on the market, this model is a good starting place for your research. It covers fully featured accounting solutions with necessary manufacturing, inventory, human resources, purchasing, quality, and sales Read More

Which ERP is Best for Your Distribution company?


Find out which ERP for distribution solutions really meet the needs of your company with TEC s free ERP comparison reports.

erp planning forecast accuracy  ERP is Best for Your Distribution company? Does bigger mean better? Not necessarily. Sometimes smaller, less expensive, vendor solutions can equal or outperform their bigger rivals. Find out which ERP for distribution solutions really meet the needs of your company with TEC’s free ERP comparison reports . Your TEC software comparison report will rate your choice of vendors on an even playing field*. You’ll get past the marketing hype into what really counts—how well the solutions meet your speci Read More

SAP BusinessObjects Edge Planning and Consolidation: Streamline Planning and Reduce Business Risk


Chief financial officers (CFOs) and other senior managers are under tremendous pressure to maximize profitability, reduce operational costs, minimize risk, and improve stakeholder confidence. Read about an application that can help you streamline operations, instill confidence, and reduce risk. The solution provides planning, budgeting, and forecasting and supports financial consolidation and reporting operations.

erp planning forecast accuracy  BusinessObjects Edge Planning and Consolidation: Streamline Planning and Reduce Business Risk Chief financial officers (CFOs) and other senior managers are under tremendous pressure to maximize profitability, reduce operational costs, minimize risk, and improve stakeholder confidence. Read about an application that can help you streamline operations, instill confidence, and reduce risk. The solution provides planning, budgeting, and forecasting and supports financial consolidation and reporting Read More

ERP-GS


GS enterprise management software is based on many years of service in dealing with large-scale group enterprise information and construction, and fully absorbs design idea management software, designed for group-based customers that provides a tailor-made set of management-focused centralized data, and a comprehensive centralized decision-making solution.

erp planning forecast accuracy  GS GS enterprise management software is based on many years of service in dealing with large-scale group enterprise information and construction, and fully absorbs design idea management software, designed for group-based customers that provides a tailor-made set of management-focused centralized data, and a comprehensive centralized decision-making solution. Read More

Five Reasons It’s Time for a New ERP Solution


All software has a lifespan, and sooner or later it will be time to change or upgrade your current ERP solution as well. But how can you tell whether your ERP system is still performing to its fullest, or leading your company to slowly lose its competitiveness? Know the five early warning signs that can give you early notice of the coming need to change your ERP system before the results show up in your bottom line.

erp planning forecast accuracy  Time for a New ERP Solution All software has a lifespan, and sooner or later it will be time to change or upgrade your current ERP solution as well. But how can you tell whether your ERP system is still performing to its fullest, or leading your company to slowly lose its competitiveness? Know the five early warning signs that can give you early notice of the coming need to change your ERP system before the results show up in your bottom line. Read More

SAP Eliminates Extra Clicks for End Users with SAP ERP Human Capital Management (SAP ERP HCM)


Today, at the HR Tech Europe Conference @ Expo 2012, SAP announced the availability of a package of user experience enhancements for the SAP ERP Human Capital Management (SAP ERP HCM) solution. According to the press release the user experience capabilities of the product have been advanced. The SAP ERP HCM solution allows for automatic reminders, alerts, and key performance

erp planning forecast accuracy  End Users with SAP ERP Human Capital Management (SAP ERP HCM) Today, at the HR Tech Europe Conference & Expo 2012 , SAP announced the availability of a package of user experience enhancements for the SAP ERP Human Capital Management (SAP ERP HCM) solution. According to the press release the user experience capabilities of the product have been advanced. The SAP ERP HCM solution allows for automatic reminders, alerts, and key performance indicators to be received. In addition, the solution offers a unique Read More

Midmarket ERP Solutions Checklist


Discover the 12 questions you need to ask before committing to any new ERP system in Midmarket ERP Checklist.

erp planning forecast accuracy  ERP Solutions Checklist Midmarket ERP Solutions Checklist When shopping for a new ERP system, what are the critical questions you need to answer internally? If you don''t know, it can put your implementation in jeopardy. Discover the 12 questions you need to ask before committing to any new ERP system in Midmarket ERP Checklist . Which ERP features and functions will you need? Do your organization''s business leaders support the project? What are the specific problems you need to solve with ERP? Read More

Master Requirement Planning and Master Production Scheduling Software: Hard Facts Part Two: Materials Requirement Planning and Master Production Scheduling


Most of the manufacturing software vendors have planning and scheduling software which assume either infinite production capacity for calculating quantities of raw material and work in progress (WIP) requirements or infinite quantities of raw and WIP materials for calculating production capacity. There are many problems with this approach. This paper discusses the pitfalls of this approach and how to avoid these by making sure that the software you buy indeed takes into account finite quantities of required materials as well as finite capacities of work centers in your manufacturing facility.

erp planning forecast accuracy  though the so-called best enterprise software companies in the world cannot solve them in their entirety, manufacturers can look for best-of-breed solutions to mitigate problems. Some common problems in manufacturing include long and erratic production lead times, irregular patterns of ordering, high setup and change over times, process bottlenecks, and excess inventory along the process route. Master requirement planning (MRP) is important as it calculates the exact amounts of raw, sourced, and WIP Read More

6 Best Practices for Selecting ERP Software


In 6 Best Practices for Selecting ERP Software , a group of ERP experts gives you a checklist of the most important steps to take and questions to ...

erp planning forecast accuracy  Best Practices for Selecting ERP Software Selecting ERP is a complex task that can go wrong in many ways—costing your company time, money, and resources. Learn from the experts how to approach ERP selection the smart way. In 6 Best Practices for Selecting ERP Software , a group of ERP experts gives you a checklist of the most important steps to take—and questions to ask—when choosing an ERP system. From knowing your needs, to understanding vendor strengths, to allocating sufficient resources, you''ll Read More

Why Your Organization Needs Succession Planning


Succession planning is not a new concept—so why are so many companies not actively planning for the replacement of key positions, and risk losing valuable expert knowledge and skills with the imminent retirement of their leaders? Part of the problem may lie in not being well versed in the topic. TEC human resources (HR) analyst Sherry Fox addresses some FAQ so you can see the value of succession planning for your organization.

erp planning forecast accuracy  Your Organization Needs Succession Planning Once thought to apply only to “taking over a family business,” today succession planning is pertinent to companies of all sizes in all industries—all over the world. In this article, I’ll address some frequently asked questions (FAQ) that shed light on succession planning and why it’s important for your company. In the follow-up to this article, you’ll learn about four steps to making your succession planning initiatives a success. Succession Read More