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Merchandising Systems
Merchandising systems are the enterprise back and front-office software solutions upon which the majority of retailers rely to manage and support their daily tasks. These systems typically record p...
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Documents related to » forecast accuracy improvement


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  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...
Charting a New Course in Effective Distribution Supply Chain Management
Wholesale distributors that pursue growth while neglecting supply chain effectiveness are putting their long-term survival at risk—usually for no good reason

forecast accuracy improvement  calculating the SKU/location end-demand forecast with the intent of improving buy accuracy and cutting significant inventory from the operation. Subsequent planned steps include: driving the demand forecast through allocation planning; reconciling incoming levels against distribution center capacity requirements and inventory histories and, eventually, applying the forecast to both labor and shipping requirements. The initiative is projected to reduce total inventory in the supply chain by 13% with Read More...
The Art, Science & Software Behind (Optimal) Retail Pricing - Part 5
Part 1 of this series expanded on some of TEC’s earlier articles about companies’ need for better pricing management and optimization practices. This series

forecast accuracy improvement  store-specific advertising messaging Improved forecast accuracy via a single version of consumer demand, which in turns reduces excess inventory while improving customer service levels Any Concrete Results and Metrics? In summary, by doing optimized item pricing, a retailer can gain visibility into the impact of a pricing decision on the supply chain and drive more profitable decisions related to store clustering, pricing rules, promotional opportunities, and cycle times. The following are JDA’s 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  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...
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  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...
How One Vendor Parlays Price Variation into Profit Improvement Opportunities
Rather than sticking to such outdated and speculative pricing practices as

forecast accuracy improvement  data-driven price management,price management software,price optimization,price segmentation,enterprise resource planning,ERP,customer relationship management,CRM,advanced analytics,pricing rules,business-to-consumer,B2C,business-to-business,B2B,negotiated prices Read More...
Question: When is Six Sigma not Six Sigma? Answer: When it''s the Six Sigma Metric!!©
Six Sigma Quality is a popular approach to process improvement, particularly among technology driven companies such as Allied Signal, General Electric, Kodak

forecast accuracy improvement  important processes, for example forecasting, product development, resource allocation, and strategic planning. Bottom line as far as the 6s metric is concerned, forget it. Calculate defects and defect rates, along with their underlying variable data, but don''t bother trying to convert them to an arbitrary sigma value. Conclusion In closing, don''t get me wrong, I''m not saying that numerical goals, variation reduction or Df X (aka Design for 6s), where X stands for the abilities : producability, Read More...
Akken
Akken is the staffing and recruiting efficiency improvement specialist. Since 2005, Akken has helped hundreds of staffing and recruiting companies improve

forecast accuracy improvement   Read More...
Enterprise Process Improvement (EPI) Software: Customer and Software Vendor Collaboration
Having just completed implementing your enterprise-wide software, you are about lean back, put your feet up on the desk, and enjoy the fruits of your labor. Not

forecast accuracy improvement  application performance management software,best practice management,business performance management,business performance management software,business performance management solutions,business performance management system,business process performance management,business service management,change management process,change management resources,data center management,enterprise performance management,enterprise performance management software,implementation management,implementing performance management Read More...
Lean Operational Improvements That Last From Islands of Improvement to Enterprise-wide Excellence
Many discrete manufacturers have adopted lean manufacturing approaches, but haven’t pursued lean improvement methods. Even those that have report only small

forecast accuracy improvement   Read More...
Axiom:1, Inc.
Axiom:1, Inc. is an independent consulting firm specializing in Business Process Assessment and Improvement. Our primary focus is in helping clients achieve

forecast accuracy improvement   Read More...
Ultriva
Ultriva was founded in 1999 to provide software solutions to companies that were struggling with demand volatility, unreliable suppliers, and forecast-based

forecast accuracy improvement  volatility, unreliable suppliers, and forecast-based planning systems. Since its inception Ultriva has deployed solutions in more than 170 plants, in 20 countries, and to over 7,500 suppliers. Ultriva’s customer base includes manufacturers such as Emerson, Rexnord, Dresser, AGCO, Owens-Corning, Ingersoll Rand, McKesson, and A.O. Smith. As an early pioneer in web-based architecture, Ultriva has embraced the software-as-a-service (SaaS) delivery model, service-oriented architecture (SOA), and .net 3.5. 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

forecast accuracy improvement  (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 Read More...
Furniture Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS
Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in

forecast accuracy improvement  Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in-house ERP system in the early 1990s. However, homegrown software can be unwieldy to maintain and difficult to upgrade. In 2001, Fraenkel saw a solution that offered more advanced capabilities, and implemented VAI’s S2K Enterprise Edition for Manufacturing. Read More...
Next-generation Fibre Channel Storage Systems: 2007-2011 Market Forecast
At the macro level, the fibre channel storage systems market is mature and slow-growing. However, the market is actually undergoing tremendous architectural and

forecast accuracy improvement  Storage Systems: 2007-2011 Market Forecast At the macro level, the fibre channel storage systems market is mature and slow-growing. However, the market is actually undergoing tremendous architectural and technological transition. This report provides a quantitative market-sizing analysis based on the direction and scope of the overall fibre channel storage systems market, and analyzes next-generation fibre channel storage systems segments and their growth prospects. Read More...

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