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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 » forecast accuracy improvement erp


Continuous Improvement Case Study: Taking Baby Steps towards Tangible Benefits
To improve supply chain operations with a fresh look and new ideas, Harris Tea worked with a consulting firm, Supply Chain Consultants. The objective was to

forecast accuracy improvement erp  black teas depend upon forecast accuracy to drive the production schedule, while make-to-order specialty teas are driven by customer orders. The consultants recommended a series of business process improvements to tighten the supply chain, from forecasting through distribution planning. Many of the improvements for both types of teas dealt with improved procedures for procurement and inventory of specialized packaging materials (which would ensure that production was never limited by lack of packaging Read More...
Rethinking the Supply Chain: Meeting the Complexity Challenge
The requirements of operating in a global, just-in-time (JIT) market have made supply chains much more complex than they were 10 years ago. Much of the software

forecast accuracy improvement erp  purchasing of Zotos products. Forecast accuracy was another major source of improvement following the implementation of Demand Solutions. At Ricoh, monthly forecast accuracy is now in the 80-85 percent range, with some months reaching 95 percent accuracy, according to Langevin. Forecast accuracy at Zotos after one year went from 50 percent to 70 percent, with a target of 80-85 percent for the coming year. Day-Timers has also seen a dramatic improvement in forecast accuracy: We were less than 60 percent Read More...
Quantum Retail: Challenging the
Every year-ending holiday season reminds us of the importance of consumer spending and the retail sector for the United States (US) and global economies

forecast accuracy improvement erp  is all about the forecast accuracy!” since for slow-moving items the value of the forecast is significantly diminished if not irrelevant. The ability to forecast has lately become a question of psychology (i.e., “Will customer A come in on Day X for product Z?”) rather than sociology (i.e., the likelihood of a general customer to come in for that product). Dealing With a Panoply of (Largely Static and Isolated) Systems Therefore, retailers need new models and thinking as better answers for their Read More...
TEC''s Mid-market ERP-Distribution Buyer’s Guide
Midsize manufacturers and distributors now have access to an array of powerful software solutions that simply weren’t available before. But with so many choices

forecast accuracy improvement erp  common industry fact that forecast accuracy is at about 80 percent. This means that often 20 percent of everything that is manufactured is deemed to be at risk immediately and may never sell. In other words, potentially 80 percent of a company''s inventory is active product that is currently selling. The remaining 20 percent is either slow-moving or will never sell simply because of the inevitably inaccurate forecast. Also, excess inventory scenarios often exist within worldwide services and warranty Read More...
The Demand-Driven Supply Chain and Demantra
Demand-driven supply chains focus on pulling demand and maximizing effectiveness and profitability while traditional supply chains push products and create

forecast accuracy improvement erp  service 40% improvement in forecast accuracy Capability to forecast down to the SKU level Recommendations Enterprises with complex products and supply chains and those with significant promotional activities and other such events should consider the concept of the Demand-Driven Supply Chain. Integrated marketing, inventory and replenishment decisions clearly hold significant promise for these enterprises. If Demand-Driven Supply Chain is appropriate to the enterprises business, Demantra should be placed Read More...
Epicor ERP Software System (v. 9.05) for Distributors ERP Certification Report
Epicor ERP Software System (v. 9.05) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for distributors in the ERP

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IFS Applications (v. 7.5) for Discrete Manufacturing ERP Certification Report
IFS Applications (v. 7.5) is TEC Certified for online evaluation of discrete manufacturing enterprise resource planning (ERP) solutions in the ERP Evaluation

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Driving Optimal Performance from ERP Systems
Whether you’re about to embark on a new enterprise resource planning (ERP) initiative or you’re just looking for more value from your existing ERP solution, you

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Future Tech: Where Will ERP Be in Two Years?
Many ERP systems are deeply entrenched in organizations, and their core technologies are mature. And yet ERP is in a state of flux. The ERP system of the future

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ERP Systems and the ETO Manufacturing Market Part One: Event Summary
Users increasingly look for an enterprise resource planning (ERP) system designed for a specific business, since software that combines industry-specific

forecast accuracy improvement erp  actual sales orders and forecast demand. As a result, production orders stemming from the MPS (master production schedule) and MRP planned orders are pushed out to the factory floor and into stock. External suppliers also work to support planned production, while materials management often relies on maintaining sufficient inventory, using a make-to-stock (MTS) as well as a make-to-order (MTO) or assemble-to-order (ATO) approach of keeping standard items or sub-assemblies in stock. In these Read More...
Pronto Xi Dimensions
PRONTO-Xi is an enterprise resource planning (ERP) solution designed to help companies maintain visibility over the extended enterprise@including field sales

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Aquilon for ERP for SMB Certification Report
Aquilon is TEC Certified for online evaluation of enterprise resource planning (ERP) for small to medium business (SMB) solutions in the ERP Evaluation Center

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IFS Applications (version 7.5) for ERP for the Mining Industry Certification Report
IFS Applications (version 7.5) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for the mining industry in the ERP

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Sage ERP X3 (v. 6) for Discrete Manufacturing ERP Certification Report
Sage ERP X3 (v. 6) is TEC Certified for online evaluation of discrete manufacturing enterprise resource planning (ERP) solutions in the ERP Evaluation Center

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