X
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 solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 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

Case Study: Peerless Pump


Peerless Pump has been designing, engineering, and manufacturing pumps for more than 80 years. The company was basing component stock levels on historical data, as it did not have the ability to accurately forecast customer demand. But with forecasting and demand planning software that increased forecast accuracy, the company has nearly doubled its sales over the past four years, while keeping inventory levels constant.

forecast accuracy improvement  Case Study: Peerless Pump Forecast Accuracy is also known as : Forecasting , Calculating Forecast Accuracy , Demand Forecast Accuracy , Measure Forecast Accuracy , Review Forecasting Accuracy , Forecast Accuracy Improvement , Forecasting Accuracy Methods , Increase Forecast Accuracy , Sample Forecast Accuracy , Equal Forecast Accuracy , Tests Forecast Accuracy , Analysts Forecast Accuracy , Assessing Forecast Accuracy , Modeling Forecast Accuracy , Uncertain Forecast Accuracy , Forecast Accuracy Results 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 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

MWD Advisors


MWD Advisors is a specialist advisory firm which provides practical, independent industry insights to business analytics, process improvement, and digital collaboration professionals working to drive change with the help of technology.

forecast accuracy improvement   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

How One Vendor Parlays Price Variation into Profit Improvement Opportunities


Rather than sticking to such outdated and speculative pricing practices as "cost plus" or "meet competition," Zilliant suggests companies leverage data to determine how market price response varies, and use this holistic measure of price sensitivity to optimize pricing.

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

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

Newman Technology Cuts Inventory Costs by 25 Percent; Achieves 98 Percent Inventory Accuracy


Newman Technology was using a paper trail system to manage a lot of traffic, and realized that it needed a modern-day solution for production accuracy and accountability. It needed a robust tool and disciplined processes for managing its inventory, purchase orders, and accounts receivables. Learn how Newman Technology improved its communication with suppliers and gained visibility into suppliers’ operations.

forecast accuracy improvement  Technology Cuts Inventory Costs by 25 Percent; Achieves 98 Percent Inventory Accuracy Newman Technology was using a paper trail system to manage a lot of traffic, and realized that it needed a modern-day solution for production accuracy and accountability. It needed a robust tool and disciplined processes for managing its inventory, purchase orders, and accounts receivables. Learn how Newman Technology improved its communication with suppliers and gained visibility into suppliers’ operations. 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 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.

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

Inbound Fax Routing


Fax technology can provide accuracy in routing and delivery. An inbound fax routing solution gives you many options for directing received faxes. This allows you to determine the destination of your received faxes, and stipulate multiple choices for the fax delivery format. No need to let your faxes go astray—an inbound fax routing solution will keep your faxes on the right path.

forecast accuracy improvement  Fax Routing Fax technology can provide accuracy in routing and delivery. An inbound fax routing solution gives you many options for directing received faxes. This allows you to determine the destination of your received faxes, and stipulate multiple choices for the fax delivery format. No need to let your faxes go astray—an inbound fax routing solution will keep your faxes on the right path. Read More

How to Improve the Accuracy of Your Forecasts


Increased competition, lower margins, and more customer demands mean that distributors have to provide better product availability and more services with fewer profit dollars. To accomplish this, estimates of future use of stocked items must be as accurate as possible. Discover how analyzing weighted averages, trend factors, and other formulas can help you accurately anticipate—and manage—future demand for your products.

forecast accuracy improvement  Forecasting Data , Demand Forecast Accuracy , Demand Forecasting Data Cleansing , Demand Forecast Prediction , Determine Demand Forecast , Forecasting Needs , Retail Demand Forecasting , Time Series Forecasting , Define Demand Forecasting , Demand Forecasting Excel , Demand Planning , Article on Demand Forecasting , Demand Forecasting Activity , Increase Forecast Accuracy . Helping Distributors Maximize Business Potential Through Education and World-Class Technology From Microsoft Business Solutions Our 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 and Texas Instruments. Its objective is to reduce output variability through process improvement, and/or to increase customer specification limits through design for producibility. I don't like the Six Sigma metric. As you'll see, it fails to pass many of the empirical tests for "good" metrics. In particular, it's neither simple to understand nor, in most applications, an effective proxy for customer satisfaction. And, its definition is ambiguous and therefore easily gamed because th

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

A Data-Driven Approach: Improving Outcomes and Financial Performance


This white paper discusses ways of using a patient data superset strategy of expanded medical data accuracy, comprehensiveness, granularity, and accessibility to drive real improvements in patient care management, use, and financial performance.

forecast accuracy improvement  MedAssurant,medical informatics,healthcare informatics,health care informatics,health care,healthcare quality,care management,advanced data analysis,disease management Read More