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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...
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...
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

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

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...
Case Study: Hydro-Scape Products, Inc.
Like many distribution companies, Hydro-Scape needed to streamline and automate its business processes to increase speed and accuracy when serving customers, as

forecast accuracy improvement  Study: Hydro-Scape Products, Inc. Like many distribution companies, Hydro-Scape needed to streamline and automate its business processes to increase speed and accuracy when serving customers, as well as boost productivity and profitability. The company chose an enterprise resource planning (ERP) solution with distribution-specific functionality, including the ability to integrate data across the entire operation. Learn more about the distribution ERP. Read More...
Sustainable Lean Six Sigma Transformation through Cordys
Business process management (BPM) and process improvement support the management and continuous improvement of business processes, both cross-departmental and

forecast accuracy improvement  Cordys,Cordys Business Operations Platform,BOP,lean manufacturing,lean manufacturing solution,six sigma,six sigma transformation,lean six sigma,keys to lean six sigma,business process management,BPM solution,BPM solutions,BPM software,BPM application,BPM applications Read More...
Extending BI’s Reach: Anticipate Outcomes, Forecast Results, and Respond Proactively
Business intelligence (BI) and predictive analytics use different means but can be applied together to improve the decision process at all levels of an

forecast accuracy improvement  BI’s Reach: Anticipate Outcomes, Forecast Results, and Respond Proactively Business intelligence (BI) and predictive analytics use different means but can be applied together to improve the decision process at all levels of an organization. By increasing the ability to monitor and analyze data and generate predictions, BI and predictive analytics can help an organization gain proactive control of its business. TEC analyst JorgeGarcía explains how. Read More...
Creating Media-rich Online Courses for Thousands of Customer-service Employees
When the JPMorgan Chase’s Card Services organization began experiencing rapid growth across multiple sites, their performance improvement team quickly realized

forecast accuracy improvement  SumTotal Systems,SumTotal Learning,virtual classroom,live online seminar,learning software,learning solution,virtual classroom software,language learning software,e learning software reviews,distance learning software,free e learning software,online learning software,e learning software review,best math learning software,learning software for adults 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...
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...
MRP Success Story: Swiss American Products
Learn how Swiss-American Inc., a leading manufacturer of medical products, improved the accuracy of its inventory levels by adopting a new manufacturing system

forecast accuracy improvement  Success Story: Swiss American Products Learn how Swiss-American Inc., a leading manufacturer of medical products, improved the accuracy of its inventory levels by adopting a new manufacturing system complete lot traceability, manufacturing resource planning (MRP), purchasing, and manufacturing projections. Read More...
Trivalent Solutions Inc.
Trivalent Solutions is a process improvement consulting and technology firm that assists manufacturers, distributors and serviceorganizations improve their

forecast accuracy improvement  ERP, Lean, Manufacturing, Process Improvement, Quality, RFID, SFA, Six Sigma,CRM Read More...
e-PLM
NGC@s e-PLM is a Web-based solution for line planning, style spec development, costing, and Consumer Product Safety Improvement Act (CPSIA) compliance. It

forecast accuracy improvement   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

forecast accuracy improvement   Read More...
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