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Documents related to » forecast accuracy statistics


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  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...
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  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...
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  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...
The Truth about Data Mining
It is now imperative that businesses be prudent. With rising volumes of data, traditional analytical techniques may not be able to discover valuable data

forecast accuracy statistics  algorithm is used to forecast future values such as demand and Web site traffic using techniques in autoregression (a special branch of regression analysis dedicated to the analysis of time series) and decision trees. Figure 2. Training the data mining model. Model training involves running the data mining algorithm on historical data (also known as training data). The algorithm analyzes and finds relationships in the data. These are produced as patterns and stored in the data mining model to create a 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

forecast accuracy statistics  Inventory Optimization Tools , Forecast Accuracy , Inventory Optimization System , Inventory Optimization Model , Inventory Policy Optimization , Network Inventory Optimization , Inventory Optimization Whitepapers , Inventory Analysis , Inventory Optimization Initiatives , Forecasting Inventory Optimization , Optimization of Inventory , Warehouse Inventory Optimization . One of the largest capital expenses for many distributors and wholesalers is stock. Finding the balance between ensuring products are 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 statistics  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...
Demand Commander
Demand Commander is a demand forecasting and planning solution designed for sales representatives, managers, planners, and c-level management. It can be used

forecast accuracy statistics  Commander is a demand forecasting and planning solution designed for sales representatives, managers, planners, and c-level management. It can be used to manage customers; derive and execute sales plans; plan production, purchase, and deploy products; and present key business metrics. Demand Commander''s functions include demand factor learning; model creation and competition; and consensus building. 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

forecast accuracy statistics  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...
Software Evaluation, Selection, and Procurement
The statistics for completing packaged software implementation projects are grim. This article examines how the software evaluation, selection, and procurement

forecast accuracy statistics   Read More...
The Roaring Penguin Training Network
A recent paper presented evidence that Bayesian filtering could be effective using a shared Bayes database, even among hundreds or thousands of different users.

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Managing Your Supply Chain Using Microsoft Axapta: A Book Excerpt Part Two: Understanding Planning Calculations
The S&OP game plans drive coordination of supply chain activities based on planning calculations. The primary coordination engine-termed the master scheduling

forecast accuracy statistics  major tasks termed the forecast scheduling task and the master scheduling task. Further explanation starts with the demands and supplies considered by the planning calculations. The separate tasks will then be explained, along with several guidelines for planning calculations. Sources of Demand and Supply The sources of demand and supply are summarized in figure 5.1. The previous section covered several sources of demand such as sales orders and sales forecasts, and how the system handles the combination Read More...
Balancing Profitability and Risk in Banking: Overcoming Common Risk Analysis and Reporting Challenges
Banks need robust risk analysis and reporting solutions to improve reporting accuracy and efficiency, while reducing the costs and burdens of compliance. Yet

forecast accuracy statistics  Profitability and Risk in Banking: Overcoming Common Risk Analysis and Reporting Challenges Banks need robust risk analysis and reporting solutions to improve reporting accuracy and efficiency, while reducing the costs and burdens of compliance. Yet many forces hamper efficient enterprise risk reporting, including regulatory and stakeholder pressures, process inefficiencies, and disparate data. This paper focuses on the risk reporting challenges facing banks, and outlines the best practices banks Read More...
Sodebo Selects DynaSys Demand Planning Solution
About a year ago, QAD made the wise and relatively inexpensive acquisition of DynaSys in France for sales and operations planning (S@OP), procurement planning

forecast accuracy statistics  automate and optimize its forecast processes for normal demand as well as for that generated by promotions (and to better manage promotional expenses and activity). The company also sought a solution that could coordinate departments across its enterprise, such as marketing, production, operations, and finance. From amid a slew of considered solutions, DynaSys beat out the lesser known local specialist offerings FuturMaster and VIF in the final round. DynaSys'' flagship n.SKEP solution was designed to Read More...
Go Fygir! SCT Defeats Incumbent AspenTech at Texaco, Shell Venture
ERP vendor SCT Corp. recently sold its Fygir Demand Planning product to Equilon, a joint refining venture of Shell Oil and Texaco that had signed Aspen

forecast accuracy statistics  Planning for its superior forecast accuracy and Web-based collaborative approach. Petroleum refiners need the ability to forecast products in multiple dimensions at different levels. Salespeople who sell to customers in the wholesale class of trade forecast at a customer level, but other business segments are concerned only with product level forecasts. Like other forecasting applications such as Logility''s Demand Planning, Fygir DP uses a pyramid forecasting technique that allows users to manage Read More...
Prognoz
PROGNOZ is Russian for forecast. We chose the name because we''re dedicated to helping organizations prepare for the future. Since 1991 we''ve done this through

forecast accuracy statistics  PROGNOZ is Russian for forecast. We chose the name because we''re dedicated to helping organizations prepare for the future. Since 1991 we''ve done this through our world-class Business Intelligence (BI) applications that feature leading-edge analytics, multi-dimensional data cubes and robust econometric forecasting tools. In the clipped pace of the Information Age, our tools help users distill raw data quickly and accurately from a multitude of sources, resulting in sound decisions and money saved. The Read More...

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