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ERP System for Industrial Machinery Manufacturing
A U.S.-based manufacturer of industrial machinery turned to TEC for help selecting an enterprise resource planning (ERP) solution.
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Documents related to » forecast accuracy statistics erp


TEC''s Mid-market ERP-Distribution Buyer’s Guide
Midsize manufacturers and distributors now have access to an array of powerful software solutions that simply weren’t available before. But with so many choices

forecast accuracy statistics erp  common industry fact that forecast accuracy is at about 80 percent. This means that often 20 percent of everything that is manufactured is deemed to be at risk immediately and may never sell. In other words, potentially 80 percent of a company''s inventory is active product that is currently selling. The remaining 20 percent is either slow-moving or will never sell simply because of the inevitably inaccurate forecast. Also, excess inventory scenarios often exist within worldwide services and warranty rep Read More...
Infor Joins the S&OP Fray
With the release of Infor S&OP 1.0, Infor dispels rumors that it’s not an aggressive product innovator. Learn about the features and functions of Infor S&OP 1.0

forecast accuracy statistics erp  metrics—customer service, fill rates, forecast accuracy, inventory, and return on assets (RoA)—to gauge whether the process works. If a simple, less-mature process works for them, then great. But, it must be adaptable to the ever-changing needs of the markets they serve, which by definition will be a mature process. TEC: Many are advocating the evolution of S&OP into Integrated Business Planning (IBP)? Are you a proponent of IBP, per se? Tying the financial plan/measures directly into the process is Read More...
How to Outsell the Competition: The Benchmarking Edge for Successful Sales Execution
Benchmarking is a process where companies compare their performance over time against their competition. In doing so, they can identify where their strengths

forecast accuracy statistics erp  Hours to Generate Proposal Forecast Accuracy Proposal to Close Sale Conversion Ratio Number of Sales Activities to Close Sale Sales Cycle Length Deals Requiring Cost Justification Deals Issued via RFP Number of Influencers per Deal Number of Decision Makers per Deal Reason Customers Purchase Solution to Product Sale Ratio Deal Type No Decision Deal Ratio Win/Loss Ratio Number of Customer Sales Number of Units Sold Close Rate Discount Levels Payment Terms Offered Training Budget Training Budget Spent on Read More...
APICS 2009 From the Expo Floor: Is S&OP Coming of Age? - Part 4
Part 1 of this series talked about my attendance of the APICS 2009 international conference in Toronto (Canada) in early October. I attended only a few

forecast accuracy statistics erp  to keep a monetary forecast (typically used by finance and sales) synchronized with a unit forecast (typically used by operations). This means that financial and sales targets are always visible to the operations group as they make decisions about balancing  supply and demand . Moreover, the finance executives always have a current operating plan with updated  cost of goods sold (COGS)  on which to base their financial projections. Nothing Without Propagating the Strategy Communication of the Read More...
How Inventory Optimization Can Increase Your Profitability
One of the largest expenses for distributors and wholesalers is stock. Many have difficulty finding the perfect balance between ensuring products are available

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Epicor ERP Software System (v. 9.05) for Discrete Manufacturing ERP Certification Report
Epicor ERP Software System (v. 9.05) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for discrete manufacturers in

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Practical Guide to ERP for Recipe/Formula-based Manufacturers
Understanding the features, functions, and architecture of an enterprise resource planning (ERP) system best suited to your type of manufacturing will help you

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Can ERP Answer Your Business Needs?
Deploying an enterprise resource planning (ERP) solution is an extremely important event in the development of a company. A well-managed ERP solution can help a

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Ross ERP (V 7.0.3) Is TEC Certified for Process Manufacturing ERP
TEC is pleased to announce that Ross ERP (V 7.0.3) by Aptean is now TEC Certified for process manufacturing enterprise resource planning (ERP). Ross ERP aims to

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Ramco Enterprise Process Manufacturing for ERP for Process Manufacturing Certification Report
Ramco Enterprise Process Manufacturing is TEC Certified for online evaluation enterprise resource planning (ERP) for process manufacturing solutions in the ERP

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Compiere ERP & CRM
Compiere is an open source ERP software application with fully integrated CRM software solutions. The firm provides a comprehensive solution for small and

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Sage ERP X3
Sage ERP X3 provides medium-sized businesses with fully integrated functionality in all areas of business for accounting and financial management, purchasing

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Four Reasons Why You Need to Consolidate Your Various ERP Packages
If your business is running more than a single enterprise resource planning (ERP) software package, you need to consolidate down to one. In this white paper, we

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Infor ERP XA
Infor provides business solutions thousands of customers in nearly seventy countries and nineteen languages. The Infor ERP XA (eXtended Advantage) family of

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ERP Software Selection Case Study: DCI Cheese Company Manages Rapid Business Growth with Enterprise 21 ERP
To facilitate business expansion, DCI Cheese Company engaged in an enterprise resource planning (ERP) evaluation process to select a system capable of

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