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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.
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 forecast accuracy results

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

Business Intelligence (BI)

Business intelligence (BI) and performance management applications enable real-time, interactive access, analysis, and manipulation of mission-critical corporate information. These applications provide users with valuable insights into key operating information to quickly identify business problems and opportunities. Users are able to access and leverage vast amounts of information to analyze relationships and understand trends that ultimately support business decisions. These tools prevent the potential loss of knowledge within the enterprise that results from massive information accumulation that is not readily accessible or in a usable form. It is an umbrella term that ties together other closely related data disciplines including data mining, statistical analysis, forecasting, and decision support. 

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Documents related to » forecast accuracy results

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 results  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

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 results  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

ToolsGroup Embeds Machine Learning Technology in Demand Forecasting


ToolsGroup, a provider of demand analytics and supply chain planning (SCP) software, claims to be the first vendor in its class to embed machine learning into a commercially available demand forecasting product. The new technology has been proven to significantly improve forecast accuracy in major global customer installations.

forecast accuracy results  proven to significantly improve forecast accuracy in major global customer installations. ToolsGroup''s embedded machine learning is available as part of the SO99+ version 7.3.1 demand forecasting solution (“SO99+” stands for “service optimizer over 99%”).   Forecast accuracy is an important driver of business outcomes, yet most demand forecasting systems today often produce disappointing results and significant forecast errors. The traditional standard models found in these systems cannot easily Read More

Are Spreadsheets Sabotaging Your Profits?


Due to their limitations, using spreadsheets to manage mission-critical business functions is an unacceptable risk. The requirements for finding the right inventory in the right place at the right time are being hampered by spreadsheet forecasts based on inappropriate source data. Packaged software with inventory management and collaborative capabilities will give your supply chain a competitive advantage. Learn how.

forecast accuracy results  American Air Filter improved forecast accuracy by switching from spreadsheets to a forecasting program. Accuracy of the spreadsheet was only 60 percent at best. Measuring results from the more sophisticated packaged software yielded results that approached a 90 percent accuracy rate. Conclusion Improvements in forecasting accuracy will reduce supply chain cost, increase service levels and greatly increase profitability. Based on the limitations of spreadsheets highlighted in this paper and the ongoing Read More

Accelerating the Speed of Intelligence for Fast and Flexible Forecasting: Engaging the Business for Better Results


Forecasting is changing from a top-down process to a bottom-up one. High-level targets may be useful starting points, but they must be combined with input from line management and department heads before being rolled up into enterprise-wide financial goals. Some companies find it effective to “embed” members of the finance function within other business units. Read this white paper to find out more.

forecast accuracy results  for Fast and Flexible Forecasting: Engaging the Business for Better Results Forecasting is changing from a top-down process to a bottom-up one. High-level targets may be useful starting points, but they must be combined with input from line management and department heads before being rolled up into enterprise-wide financial goals. Some companies find it effective to “embed” members of the finance function within other business units. Read this white paper to find out more. Read More

bwired


bwired specialises in web design, development and strategy, providing innovative solutions that achieve measurable results.

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5 Things You Should Not Confuse Business Performance Management With


If you search for business performance management (BPM) on Google, you'll get around 700,000 results. Out of this huge number of results, you will presumably refer to a popular source—Wikipedia. According to Wikipedia, BPM is “a set of processes that help organizations optimize their business performance.” The same source affirms that some people see it as the next generation of business

forecast accuracy results   Read More

2012 Business Data Loss Survey results


This report on the Cibecs and IDG Connect 2012 business data loss survey uncovers the latest statistics and trends around enterprise data protection. Download the full results now.

forecast accuracy results  data protection,data backup,2012 data statistics,data loss,business data backup Read More

Best Practices—Social Recruiting: Five Tips to Improve Efficiency and Get Better Results


Social recruiting is just one aspect of a multichannel recruiting strategy, but it’s one you can’t afford to overlook. Social networks are a great way to diversify your recruiting strategy and take advantage of social communities. But social recruiting is more than just having a Facebook page or tweeting job postings. Done well, social recruiting can increase your reach, improve the quality of your hires, and reduce your sourcing costs. Read on for five tips that will make the most of your social recruiting efforts and get better results.

forecast accuracy results  social recruiting, social recruiting networks, social media software, enterprise social media, talent community, recruiting strategy, Read More

IBM’s DB2 Tops TPC Benchmark List


Leapfrogging the rest of the transaction-processing world, IBM has posted TPC-C results more than tripling the highest current transaction-per-minute figure.

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Thriving and Surviving in a Turbulent World Part Two: Planning and Its Results


This article outlines the planning and results of an adaptive management process for manufacturing executives, who employ demand and supply chain planning technology.

forecast accuracy results  rising seasonal pattern. The forecast shows increasing uncertainty as time progresses. In the near future it is expected to start between 20 to 50 units per week and grow to a seasonal max between 200 and 300 (around week 43). Next year''s peak is expected to be anywhere between 400 and 800 units. Aggregating these forecasts leads to a dynamic global demand expectation with roughly a 150-200 unit of weekly uncertainty through the year, increasing as time progresses, which represents 30-50 % of the total Read More

JustEnough for Retail


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 results  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

Justification of ERP Investments Part 1: Quantifiable Benefits from an ERP System


Studies that surveyed manufacturers about the impact of ERP systems on firm performance indicate that company size and industry do not affect the results. Benefits have been indicated for large and small firms, whether they make standard or custom products or are in discrete or process manufacturing environments. This section explains the quantifiable benefits in terms of several areas of improvement. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.

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