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 forecast accuracy improvement

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.

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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 optimize the entire supply chain, not just the pieces.

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. Supply chains have gained complexity in recent years, but solutions for achieving supply chain management (SCM) effectiveness have become both more accessible and easier to deploy. Learn how these solutions can help your company overcome its SCM challenges.

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

Quantum Retail: Challenging the "Enterprise Apps Establishment" and Retailers' Mindset - Part 1


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. Many economists and pundits are then awaiting with trepidation the Black Friday sales outcome and reported consumer sentiment or Consumer Confidence Index (CCI) as bellwethers of the economy in the New Year. While this

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

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, which focuses on the complexity of pricing and promotions in retailing, was inspired by JDA Software’s recent “edu-nouncement” on leading retailers consumer-centric pricing and promotions strategies, and by Revionics’ recent (and still

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 efficiencies. This difference is the key to improving all supply chain processes and generating significant cost savings and growth.

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

Accelare, Inc.


Accelare associates have been at the forefront of much of the innovation in business operational improvement, performance management, and business architecture over the last 2 decades. At a time that is tougher than ever, it is imperative that your business processes, IT resources, and organization are aligned to your strategy. Executing on the strategy is the number one concern of CEOs, yet few companies do it effectively. Companies still have problems with their business operations. They duplicate processes. They lack information required to make good decisions. And the backlog of unfinished IT projects grows. The software and services from Accelare are designed to help business and IT leaders with the core dimensions of their operating and IT strategy with solutions for: Strategy Alignment Operating Model Design Capability Modeling Performance Assessment and Management Business Process Reengineering Agile Project Management Governance and Transformation Services New Growth Platforms Our services are delivered through our agile business architecture methodology; The Accelare Performance Framework. The Accelare Performance Framework is an integrated set of methods and tools to help our customers quickly deliver value and results to their efforts. Our framework has been successfully applied at every operating level of the organization. Our customers not only cite the speed and agility as its advantages over other approaches, but also the simple logic of how the projects, metrics, and business capabilities align to ensure strategy realization. Included in the Accelare Performance Framework are modules for: Strategy Alignment Business Capabilty Modeling Performance Assessment and Management Transformation and Governance

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TAKE Supply Chain


TAKE Supply Chain, a division of TAKE Solutions, Inc., offers flexible, accessible, and mobile supply chain software solutions that deliver increased accuracy, visibility, and responsiveness inside an organization's four walls and with trading partners across the globe. TAKE software solutions offer a high level of configurability, integration, and deployment options. This helps to significantly reduce the historical compromises between time to value, total cost of ownership, and optimal supply chain functionality. TAKE offers robust supply chain collaboration and data collection solutions that leverage existing and emerging technology such as the cloud, mobility-enabled transactions, and business-configured instant communications with attachments and audit history to support the increased challenges of expanding global supplier networks. TAKE Supply Chain provides midmarket companies with software and consulting services focused on delivering rapid return on investment (ROI) from their supply chain operations. 

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Mixing It Up with Insource, Outsource, and Offshore


Most research shows that offshoring and outsourcing are clearly the next wave of improvement initiatives for delivery of support services, but how do you decide whether outsourcing or offshoring are right for your organization? It may be helpful to examine the lessons learned from companies who have already made the internal build versus external outsource, and onshore versus offshore decisions.

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Leveraging Rapid Process Application Development, Deployment, Adoption, and Use for Business Value


The focus on process improvement continues to grow, and adoption of business process management (BPM) technology continues to rise despite slow-downs in other areas of business information technology. Discover how process improvement addresses common business issues that negatively impact operations at all levels of an organization, and learn about the increasing imperative to accelerate process improvement initiatives.

forecast accuracy improvement  Appian,bpm,improvement process,process improvement,business process management,business improvement process,business process improvement,process improvement business,bpm process,bpm business,continuous process improvement,business process bpm,soa bpm,bpm business process management,business process manager Read More

Case Study: Electronics Manufacturer Doubles Production and Market Share, Drives 20 Percent Efficiency Improvement


ARCA is one of the largest manufacturers and systems integrators of cash-handling devices in the world. ARCA’s management team searched for a new ERP solution that would provide better ERP support for its financial departments while helping drive improvements in other functions across its enterprise. It also wanted a solution that could meet the requirements of its OEM distribution function. It chose Plex Online. Read case study.

forecast accuracy improvement  integrated ERP solution,integrated ERP system,integrated ERP,manufacturing resource planning,Plex Systems,Plex Online,ARCA Read More

Business Solutions Alliance


BSA Inc. marries sophisticated business and technical services with world-class enterprise suites for businesses. Focusing on business improvement through incorporation of best practices, our team provides our customers with value-added solutions. Our experience in the ERP industry has driven our customers to succeed through effective decision-making, improved collaboration and information sharing, rapid response to changing market trends and economies, and has enabled them to manage financial accountability and regulatory compliance.

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How to Lead Your Organization on the Best Path to Performance Improvement (Webcast Transcript)


Companies require an agile enterprise performance management (EPM) strategy to ensure they have information to support effective decisions. The more information companies generate, the more they need software that places the information in the right context and optimizes the decision-support process. Learn to identify software that can help your organization find the best path to continual performance improvement.

forecast accuracy improvement  of planning, budgeting and forecasting. That typically to date has been an Excelbased process. And you see basically a mix of people wanting to either automate their current process at least as a starting point with regard to spreadsheets, or actually redesign those processes. On the area Strategy Management, Key Performance Indicators, that area is maturing more and more. And I think even with the introduction of risk management coming out of the enterprise governance, risk and compliance initiatives, Read More

Process Improvement in ERP Implementations


Installing a new enterprise resource planning (ERP) system is both challenging and exciting. Yet many organizations do not recognize that one of the largest threats to such a project is a failure to focus on process improvement. If process change is not seen as a necessary element of the project, it will never be as successful as it should be.

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