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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.
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 erp statistical forecasting

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

Business Intelligence (BI)

Business intelligence (BI) and performance management applications enable real-time, interactive access, analysis, and manipulation of mission-critical corporate information. These applications provide users with valuable insights into key operating information to quickly identify business problems and opportunities. Users are able to access and leverage vast amounts of information to analyze relationships and understand trends that ultimately support business decisions. These tools prevent the potential loss of knowledge within the enterprise that results from massive information accumulation that is not readily accessible or in a usable form. It is an umbrella term that ties together other closely related data disciplines including data mining, statistical analysis, forecasting, and decision support. 

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Documents related to » erp statistical forecasting

Sales and Operations Planning Part One: Identifying and Forecasting Demand


An effective sales and operations planning game plan results in fewer stock-outs, shorter delivery lead-times, higher on-time shipping percentages, a manageable amount of expediting, and improved customer service. Several guidelines are suggested to improve a firm's sales and operations planning process and the effectiveness of each product's game plan. This is an excerpt from the book Managing Your Supply Chain Using Microsoft Navision.

erp statistical forecasting  helped design several influential ERP packages. He previously co-authored the APICS CIRM textbook on How Information Systems Impact Organizational Strategy and recently authored Maximizing Your ERP System. Scott is currently working closely with Microsoft partners involved with manufacturing and distribution, and can be reached at ScottHamiltonPhD@aol.com or 612-963-1163. Read More

Trends Affecting Manufacturers and ERP Part Three: Four More Trends


The evolution of ERP systems has been driven by the emergence of new business practices and information technologies. These have been supported by the growing maturity of the manufacturing profession, and by the evolving development of commercially available software packages. This is an excerpt from the book, Maximizing Your ERP System.

erp statistical forecasting  decision support application. An ERP system maintains historical sales data about bookings, shipments, invoices and returns that provide key inputs to generating a statistical forecast, and the resulting forecast provides the primary inputs to ERP for a sales plan and inventory plan. Approaches for Integrating CIM Applications Several approaches can be taken to link CIM applications with an ERP system. Tools provided by the ERP software vendor and the software''s database management system facilitate (or 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 statistical forecasting  your business needs. An ERP solution that supports automated forecasting can benefit your business with accurate forecasts that help cut down inventory volume and costs. Statistical forecasting should be used for all items with a base volume where there are limited promotions, no new markets and predictable seasonal variances and trends, because the system can do all the work. New markets, new products and other more complex variances require the use of demand planning for calculating forecasts. This Read More

Inflation’s Demise: The Impact on Business Informa


Enterprise Resources Planning (ERP) business models and information systems originated in the 1970s and 1980s, an inflationary period. They addressed business priorities that were strongly influenced by inflation. Many manufacturers are now confronting worldwide price stability, or even deflationary pressure, and can

erp statistical forecasting  in business priorities affect ERP system requirements? Trading Just-in-time (JIT) principles became standard business practice during inflationary times. In essence, repetitive purchasing and JIT delivery are tactics for hedging against price increases while minimizing inventory-carrying costs. Buyers negotiate fixed-price repetitive-supply contracts that are fulfilled and paid for over the life of the contract through periodic shipments timed to meet the actual need for goods. Price stability makes such Read More

Managing Demand: Considerations for the Chemicals Industry


Enterprise systems have brought many benefits to chemical environments, but for individual enterprises, gaining these benefits requires selecting a solution that can deal with the unique needs of the business.

erp statistical forecasting  a principal of Process ERP Partners . He has over twenty-five years of experience as an executive in the software industry, and has been called the father of process ERP. He is a frequent author and award-winning speaker on topics such as gaining value from ERP, SCP, e-commerce, and the impact of technology on industry. He can be reached at Olin@ProcessERP.com . Read More

WorkWise RB-ERP Is TEC Certified for Discrete Manufacturing ERP


Role-Based ERP (RB-ERP) by WorkWise is now TEC certified in the discrete manufacturing enterprise resource planning (ERP) software space. The RB-ERP product has a number of well-designed features and components; along with core ERP capabilities, the product has easy-to-use analytics that are enhanced by an extensive set of pre-built metrics, mobile device support for manufacturing and factory operations, a robust built-in product configurator, the eProduction shop floor module, and extensive product data management (PDM) functionality via the engineering workbench.

erp statistical forecasting  Certified for Discrete Manufacturing ERP TEC is pleased to announce that Role-Based ERP (RB-ERP) by WorkWise is now TEC certified in the discrete manufacturing enterprise resource planning (ERP) software space. WorkWise is an ERP and CRM software provider that was founded at the end of 2001 and has its headquarters in Milwaukee, WI. WorkWise products (ERP and CRM) are installed in over 500 sites with over 25,000 users. The company has a long history of satisfied customers and boasts a 95% customer Read More

IntegrateIT ERP 123 V7.2.561 for Discrete Manufacturing ERP Product Certification Report


Technology Evaluation Centers (TEC) is pleased to announce that IntegrateIT product ERP 123 is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for discrete manufacturing in TEC’s ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

erp statistical forecasting  ERP 123 V7.2.561 for Discrete Manufacturing ERP Product Certification Report Technology Evaluation Centers (TEC) is pleased to announce that IntegrateIT product ERP 123 is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for discrete manufacturing in TEC’s ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this Read More

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 products that best fit your needs, which will be used in the final stage: the selection.

erp statistical forecasting  Path to ERP for Small Businesses, Part 2: Evaluation of ERP Software Part 1 of this series of articles described the process of research , the first important step in any software selection project. Part 2 will describe the evaluation of the products available in the market to determine which one fits best for the needs and requirements defined during your research, which will help you create the shortlist that will be used to make the final decision. Once you have the list of main processes and the wor Read More

Intelisis ERP


Intelisis is a customizable business solution based on three main processes: ERP, supply chain management (SCM), and customer relationship management (CRM). Intelisis ERP is a management system that integrates smart operational data, for all functional areas and departments in the same information flow, allowing for timely and effective organization. The key to the Intelisis ERP architecture is its process management, which allows the registration of administrative or operational procedures. It also includes a traceability mechanism that identifies the flow of operations, from the generation of reports and business rules to the generation of financial statements.  

erp statistical forecasting  ERP Intelisis is a customizable business solution based on three main processes: ERP, supply chain management (SCM), and customer relationship management (CRM). Intelisis ERP is a management system that integrates smart operational data, for all functional areas and departments in the same information flow, allowing for timely and effective organization. The key to the Intelisis ERP architecture is its process management, which allows the registration of administrative or operational procedures. Read More

ERP as a Living System: The Power of Community-Driven Product Enhancement


Today’s manufacturer is challenged by static enterprise resource planning (ERP) with annual complex upgrades. See how powerful change-on-demand capabilities allow companies to instantly align their ERP and business processes without a time-consuming IT effort. With a community-driven development approach, enhancements are driven by a community of users, and the system constantly improves in the exact way a user requires.

erp statistical forecasting  to instantly align their ERP and business processes without a time-consuming IT effort. With a community-driven development approach, enhancements are driven by a community of users, and the system constantly improves in the exact way a user requires. Read More

Sage ERP X3


Sage ERP X3 provides medium-sized businesses with fully integrated functionality in all areas of business for accounting and financial management, purchasing, inventory, sales, customer relationship management (CRM), and manufacturing. It offers both standard management features and in-depth process customization capabilities. The result is a range of configured offerings that covers the standard requirements of several industries, and is also adaptable to the needs of specific organizations: Sage ERP X3 Discrete Suite addresses the needs of midsize discrete manufacturers in the industrial and consumer goods, medical devices, paper, and other hard goods industries. Sage ERP X3 Process Suite focuses on the unique and specialized requirements of midsize process manufacturers in the food and beverage, chemicals, cosmetics, pharmaceuticals, and related industries. Sage ERP X3 Distribution Suite is designed to meet the demands of wholesale distributors and the distribution arms of manufacturers. Sage ERP X3 is built on the Sage Application Framework for the Enterprise X3 (SAFE X3) technology, the common development platform shared by a full set of Sage applications for medium-sized to large enterprises. Its multitier, service-oriented architecture (SOA) and Web-native design can help businesses reduce IT infrastructure costs and expand business opportunities. Among other features, the SAFE X3 platform provides users with collaboration capabilities (Web services, second-generation workflow engine, etc.); business intelligence (BI) tools; and a unified, collaborative user interface. Connect with Sage North America on Facebook, Google+, YouTube, LinkedIn, Twitter, and Instagram.

erp statistical forecasting  ERP X3 Sage ERP X3 provides medium-sized businesses with fully integrated functionality in all areas of business for accounting and financial management, purchasing, inventory, sales, customer relationship management (CRM), and manufacturing. It offers both standard management features and in-depth process customization capabilities. The result is a range of configured offerings that covers the standard requirements of several industries, and is also adaptable to the needs of specific organizations: Read More

Is It Time to Purchase a New ERP?


For decades, enterprise resource planning (ERP) replacement has been compared to brain surgery: You just don't do it unless the patient is dying. So how do you know when it really is the time to invest in a new ERP system? Download this white paper to find out.

erp statistical forecasting  invest in a new ERP system? Download this white paper to find out. 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 certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

erp statistical forecasting  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 certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst 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 out how as TEC principal analyst P.J. Jakovljevic looks at xTuple’s current ERP offerings and commercial editions, and speaks with xTuple CEO Ned Lilly on the vendor’s social capabilities, product development focus, market and competitive landscape, and future outlook.

erp statistical forecasting  , 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 100 Standard ERP (v. 4.5) for Mixed-mode Manufacturing ERP Certification Report


Sage 100 Standard ERP (formerly Sage ERP MAS 90), v. 4.5, is TEC Certified for online evaluation of mixed-mode manufacturing enterprise resource planning (ERP) solutions in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

erp statistical forecasting  100 Standard ERP (v. 4.5) for Mixed-mode Manufacturing ERP Certification Report Sage 100 Standard ERP (formerly Sage ERP MAS 90), v. 4.5, is TEC Certified for online evaluation of mixed-mode manufacturing enterprise resource planning (ERP) solutions in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive Read More