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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.

Compare Now

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

Supply Chain Cost-cutting Strategies


Process industries (chemicals, food and beverage, oil and gas, etc.) face rising manufacturing and logistics costs. And they’re finding that the old strategies for cost containment no longer pack the same punch. Some surveys show that 75 percent of all respondents are redesigning their supply chains to keep these costs in check. Are you one of them? No? You’ve got a lot of catching up to do—and very little time to do it.

forecast accuracy improvement  their peers to have: Forecast accuracy at the product family level of 71% or better Perfect order percentage of 91% or better Logistics costs as a % of sales of 6% or less To achieve these enormous advantages over their peers, they have taken radically differ- ent actions in organization structure and supply chain technology investment. As a result, Best in Class companies are much further ahead in closed-loop integration of supply chain planning and execution, in addition to data and process visibility 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

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

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

JustEnough for Sales & Distribution


JustEnough's solutions, available for cloud or on premises implementations, can help retailers forecast customer demand, plan merchandise and inventory, and then execute on those plans. Modules available from JustEnough include Merchandise Financial Planning, Assortment & Space Planning, Price & Markdown Planning, Promotion Management, Allocation and Replenishment.    

forecast accuracy improvement  implementations, can help retailers forecast customer demand, plan merchandise and inventory, and then execute on those plans. Modules available from JustEnough include Merchandise Financial Planning, Assortment & Space Planning, Price & Markdown Planning, Promotion Management, Allocation and Replenishment. Read More

Pursuing Manufacturing Excellence through Real-time Performance Management and Continuous Improvement


Today’s manufacturers are feeling pressures from many directions. Dynamic market needs, increased compliance requirements, more distributed manufacturing operations, and the transition to new technology are all manifested on the plant floor and throughout the enterprise—often leading to pleas for technology solutions. Integration and data utilization are thus the key issues to address in order to improve responsiveness and performance.

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Case Study: Grand Rapids Spring & Stamping


A supplier to the automotive industry, Grand Rapids Spring & Stamping (GRS&S) implemented an innovative continuous improvement program. The goal: to make incremental improvements in quality, cost, delivery, safety, and morale. With over 8,000 employee-generated ideas now implemented, the company has saved over $1.2 million. Learn how improvements in GRS&S’s manufacturing processes reduce waste and improve the bottom line.

forecast accuracy improvement  manufacturing training,ppt manufacturing,quality continuous improvement,manufacturing erp,world class manufacturing,manufacturing inventory,flow manufacturing,continuous quality improvement,manufacturing tools,manufacturing practices,project manufacturing,manufacturing planning,control manufacturing,manufacturing processes,manufacturing systems Read More

Estimating Test Effort: Finding the Model That Is Right for You


Estimation process improvement offers a significant opportunity to get more success out of your software projects. As you gain a better understanding of the factors influencing your estimates and as you complete more iterations of each estimate, your model can become more sophisticated. Discover how to approach the task systematically with a defined technique and supporting data—an advantage over ad hoc techniques.

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Informance EMI


Epicor Informance EMI, manufacturing intelligence software from Epicor provides actionable insight into manufacturing improvement opportunities for your plant or entire enterprise.   Accelerate operational performance initiatives such as Lean, Six Sigma, TPM, and other continuous improvement methods, drive operating strategies, and capture actionable insight into manufacturing improvements. Reduce major downtime, minor stops and quality losses to improve OEE.   Manufacturing intelligence systems let you monitor your manufacturing line performance in real-time, and focus your continuous improvement efforts on the most critical opportunities. Quickly unlock hidden capacity, increase productivity without additional capital investment, and reduce inventory and labor costs with Epicor Informance EMI.

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Improving Human Performance by Identifying the Gaps


Mariano Bernárdez, expert in performance improvement, was interviewed in Buenos Aires (Argentina) by Learning Review's Verónica Inoue. Inoue asked Bernardez about his new book, Tecnología del Desempeño Humano (Human Performance Technology), and how this issue affects the Latin-American market.

forecast accuracy improvement  human performance technology,HPT,human performance technology model,performance management,cycle model,e-learning,employee training,performance gaps,diagnosis-detection stage,enterprise resource planning,ERP,return on investment,ROI Read More

HR Payroll Services Buyer’s Guide


Human resources (HR) payroll solutions can foster greater efficiency and accuracy while cutting labor costs and bolstering employee morale. But getting the right payroll software for you isn’t easy. Is enterprise resource planning (ERP) with a payroll module what you need? Or best-of-breed HR payroll software? Find out what to look for, how to buy, and other tips to getting the most value from your payroll solution.

forecast accuracy improvement  Payroll Services Buyer’s Guide Human resources (HR) payroll solutions can foster greater efficiency and accuracy while cutting labor costs and bolstering employee morale. But getting the right payroll software for you isn’t easy. Is enterprise resource planning (ERP) with a payroll module what you need? Or best-of-breed HR payroll software? Find out what to look for, how to buy, and other tips to getting the most value from your payroll solution. Read More

Akken


Akken is the staffing and recruiting efficiency improvement specialist. Since 2005, Akken has helped hundreds of staffing and recruiting companies improve their overall efficiency and become more effective in placing more people into quality paying positions and increasing customer retention.

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Driving Continuous Supply Chain Improvement and Savings


In the 40 or so years since the Toyota Production System first introduced the principle of sustainable elimination of waste in business, supply chains have never been under greater strain to remain cost effective. Read on to see how Waer solutions are supporting sustainable cost reductions and continuous improvement in the supply chains of two very large aerospace companies.

forecast accuracy improvement  Waer, aerospace, supply chain, lean, cost reduction, vendor-managed inventory, VMI, Airbus, WAERlinx, Rolls Royce, S&OP Read More