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Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Documents related to » forecast accuracy statistics scm


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,

forecast accuracy statistics scm  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
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 scm  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
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 scm  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
Less Stock, More Profit: Inventory Optimization
Inventory optimization is the area where most enterprise resource planning (ERP) software implementations get the highest and fastest return on investment (ROI)

forecast accuracy statistics scm  mentioned before, calculating the forecast is the most critical part of inventory optimization, and therefore the data must be as accurate as possible. Quality of data is one of the greatest benefits of having an inventory optimization system that is built on the same base as the rest of the ERP solution. The same level of accuracy can never be achieved with an integrated third party ''best-of-breed'' solution, which usually looks at only delivery history. A true demand planning solution, such as IBS Read More
Forecast Less and Get Better Results
Forecasting and planning conventions dictate that planning far into the future is a necessity. But is long-term planning really the most productive way to

forecast accuracy statistics scm  Less and Get Better Results Forecasting and planning conventions dictate that planning far into the future is a necessity. But is long-term planning really the most productive way to organize your business? No, not really. Detailed forecasts and plans are needed only inside the “planning time fence”—a critical period for acquiring specific components and building certain products—and for many companies, only four to eight weeks into the future. Read More
The SCM Perspective: 2009 in Review-and What You Can Do to Weather the Storms of 2010
In spite of the 2009 recession, some SCM vendors were able to create traction in the supply chain space this year. From an industry landscape perspective, three

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TEC 2013 Supply Chain Management Buyer’s Guide
This buyer’s guide provides an overview of supply chain management (SCM), including an in-depth look at the major issues affecting the supply chain today, and

forecast accuracy statistics scm  supply chain management,SCM solution,SCM software comparison,TEC buyer''s guide,SCM buyer''s guide Read More
How to Roll Out an MRO System for Airlines without Making Your SCM Problems Even Worse
When it comes to complex software implementations, some industries have it tougher than others. For instance, an airline company implementing a maintenance

forecast accuracy statistics scm  mro for airlines,scm for airlines,air business,supply chain companies,ak airlines,carrier in aviation,low fare air lines,airline mro,mro airline,dutch air line,mro airlines,maintenance repair and operations,maintenance repair operations,airline supply chain,outsource supply chain Read More
''Collaborative Commerce'': ERP, CRM, e-Proc, and SCM Unite! A Series Study: SAP AG
SAP AG has seemingly crossed a strategy chasm, from a strict, stodgy, Not-Invented-Here (NIH) approach to software development and delivery, to a seemingly

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A Tale of a Few Good SCM Players - Part 4
Part 1 of this blog post series followed the genesis of Manhattan Associates from its inception in 1990 throughout the mid-2000s. During this time, Manhattan

forecast accuracy statistics scm  and inventory data to forecast demand up through the extended supply chain, and then adjusts the forecast daily based on the actual results. In other words, Flowcasting is leveraging store data to direct more efficient and effective execution within the entire supply chain. The offering was the major focus at the  RedShift:2009 conference , as well as RedPrairie’s brand refresh around productivity solutions for its traditional WMS, Workforce Management, and  Transportation Management System Read More
IBM & ILOG Matrimony: Good for BPM, Uncertain for SCM? -- Part 2
Part 1 of this blog topic analyzed IBM’s rationale to acquire ILOG to bolster its service-oriented architecture (SOA) and business process management (BPM

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PeopleSoft Gathers Manufacturing and SCM Wherewithal Part Four: Challenges and User Recommendations
PeopleSoft manufacturing customers and J.D. Edwards customers in service industries should assess the vendor''s product plans given these customers might benefit

forecast accuracy statistics scm  to use a demand forecast as the basis for a reliable materials purchasing plan. Conversely, flow-oriented manufacturing starts with the earlier-mentioned process called demand smoothing a technique which involves looking at a forecast over a certain period of time (anywhere from one week to several weeks) and determining how many products must be built each day to fill the total amount of orders expected to come in over that time. The flow manufacturer will then ask its suppliers to deliver parts every Read More
Identifying the ROI of a Software Application for SCM Part 3: Performing the Data Analysis
By using software tools that help you forecast and work together with others inside your organization, and even with your customers, the forecasts may become

forecast accuracy statistics scm  schedule changes due to forecast errors by that amount. Research average WIP and reduce that by the same factor. Put a procedure in place to track premium shipments that are paid by your company by reason code. Take the premium freight that is caused by bad forecasts to the bottom line. Then, since you made an assumption that forecasts could be 50% more accurate, you will need to perform some sensitivity analysis. Vary the 50% and see what the results tell you. This kind of simulation model can be Read More
Identifying the ROI of a Software Application for SCM Part 1: We Need To Know Now
If you are not experiencing organizational stress in some of the areas where the benefits may occur, then perhaps a decision to invest in supply chain

forecast accuracy statistics scm  look for an exact forecast of return on investment (ROI) from the purchase of a supply chain management application. At least four very real challenges make such perfect information elusive. Commonly, executives meet these challenges with responses that are not carefully considered. The challenges and the corresponding reactionary refrains are as follows: Limited time exists to perform analysis - We need to know now! Business analysis skills are lacking - We are looking for the vendor to tell us! The Read More
Infor M3: Supply Chain Management (SCM) Competitor Analysis Report
Criteria in this knowledge base pertain to managing supplier, manufacturer, wholesaler, retailer, and customer business processes. Addressing demand management,

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