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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...
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...
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...
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  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...
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...
5 Tips to Assure a Successful ERP Implementation
Are you preparing to oversee an enterprise resource planning (ERP) implementation project? Are you worried about the statistics that report less-than-successful

forecast accuracy statistics  enterprise resource planning implementation,midsize business erp implementation,successful erp implementation stories,erp system for sme Read More...
Are You Ready for the Project Economy?
The multitude of messages and media in this interactive age contributes to a fragmented consumer goods market. Shorter product life cycles, mass product

forecast accuracy statistics  project economy,project economy industry,indicators project economy,project economy strategies,information economy project,knowledge economy project,project management economy development,economy industry,economy report 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

forecast accuracy statistics  MedAssurant,medical informatics,healthcare informatics,health care informatics,health care,healthcare quality,care management,advanced data analysis,disease management Read More...
FDM4 ERP
FDM4 is an end-to-end enterprise solution to support businesses of all sizes. The enterprise resource planning (ERP) software allows for forecast

forecast accuracy statistics  (ERP) software allows for forecast replenishment, purchasing, order entry, customizable pre-packs, customer-specific packing rules, dynamic line sheets, and a product load tool that allows users to load new items into the ERP from a spreadsheet. The FDM4 suite also offers import management, intelligent allocations, customer relationship management (CRM), order processing, business-to-business (B2B) and business-to-consumer (B2C) e-commerce, freight calculation, integrated electronic data interchange Read More...
How to Solve Printed Packaging Workflow Issues
Keeping track of the accuracy of packaging components in the pharmaceutical industry can be very challenging. It is important that every company be completely

forecast accuracy statistics  to Solve Printed Packaging Workflow Issues Keeping track of the accuracy of packaging components in the pharmaceutical industry can be very challenging. It is important that every company be completely confident that printed packaging workflows are as efficient and effective as possible. Examine how automated proofreading has been proven to be an integral part of solidifying content integrity within a complex packaging workflow process. Read More...
Managing Your Supply Chain Using Microsoft Axapta: A Book Excerpt Part Four: Guidelines and Case Studies
The lack of effective game plans is typically cited as a leading cause of poor system implementation. The following guidelines provide suggestions for improving

forecast accuracy statistics  as the coverage and forecast time fences. Reviewing and Updating Game Plans . The process for reviewing and updating each game plan should be embedded into the firm''s regularly scheduled management meetings focusing on demands and supply chain activities. An agreed-upon game plan reflects a balance of conflicting objectives related to various functional areas, such as sales, engineering, manufacturing, purchasing and accounting. Periodic revisions to game plans should be reflected in updated forecasts. Read More...
How to Plan and Manage in Times of Uncertainty and Volatility? Based on Reality and Facts, Duh! (Part 1)


forecast accuracy statistics  unit goes up, while forecast accuracy is going down (often below 50 percent). Many companies have painfully realized that their forecasting ability is not going to get any better and at the customer and item level 30 days out the  mean absolute percentage error (MAPE)  seldom gets above 75 percent. Anecdotal evidence is that these numbers are only true for consumer product goods (CPG) with longer product life cycles and relatively slow technology changes. In the high-tech sector, including consumer Read More...

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