X
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 solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 forecast accuracy


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

forecast accuracy  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


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

Documents related to » forecast accuracy

Selecting the Right Enterprise Planning Solution: Considerations for Software Evaluators


Companies face an unprecedented need to forecast and plan with speed and accuracy. Planning solutions must leverage the link between planning and analysis to manage corporate performance. However, many solutions offer only half your planning and performance management needs: analyzing yesterday’s performance. Learn about a solution that can help you predict, plan, and manage tomorrow’s performance, to improve on today’s.

forecast accuracy  an unprecedented need to forecast and plan with speed and accuracy. Planning solutions must leverage the link between planning and analysis to manage corporate performance. However, many solutions offer only half your planning and performance management needs: analyzing yesterday’s performance. Learn about a solution that can help you predict, plan, and manage tomorrow’s performance, to improve on today’s. 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 more accurate. You can make an assumption on how much improvement might be possible. This part discusses the challenge of performing the data analysis.

forecast accuracy  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

Deltek Announces RiskBook, A Collaborative Cloud-based Risk Management Solution


Deltek announces RiskBook, a new collaborative risk management solution that promises to eliminate the time-consuming and error-prone processes that plague project teams.

forecast accuracy  risks and ultimately increase forecast accuracy through collaboration. RiskBook makes it easy to set up a risk register and obtain real-time feedback from all project team members. Risk votes are rolled up into a team consensus where scoring is collected and analyzed using templates that map back to a common template across the project. Team members can be assigned specific risks and provide mitigation strategies. Being built on Deltek’s Kona enterprise social platform in the cloud, RickBook allows Read More

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, as it did not have the ability to accurately forecast customer demand. But with forecasting and demand planning software that increased forecast accuracy, the company has nearly doubled its sales over the past four years, while keeping inventory levels constant.

forecast accuracy  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

Sales and Operations Planning Part Three: Game Plan Guidelines


Effective game plans lead to improved firm performance and bottom line results. Metrics include reductions in stock-outs, delivery lead-time, missed shipments, partial shipments, expediting efforts, and improvements in customer service. This is an excerpt from the book Managing Your Supply Chain Using Microsoft Navision.

forecast accuracy  providing sales order and forecast data typically belongs to the sales function, with a hand-off to the master scheduler. Formulating Realistic Game Plans . Realistic game plans require identification of capacity and material exceptions that would constrain the plans, and then eliminating the constraints or changing the plan. Identification of material-related exceptions typically starts with suggested actions on a planning worksheet, while capacity exceptions are identified using work center load Read More

Siemens and TCS Offer Joint ETO Solution


Siemens and Tata Consultancy Services (TCS) have announced ETO2Win, a new joint software and services solution for automating complex engineer-to-order (ETO) processes. ETO2Win leverages TCS’ domain expertise and Siemens’ Rulestream software, acquired several years ago and since developed by its product lifecycle management (PLM) business.

forecast accuracy  and TCS Offer Joint ETO Solution Siemens and Tata Consultancy Services (TCS) have announced ETO2Win , a new joint software and services solution for automating complex engineer-to-order (ETO) processes . A number of manufacturing industry segments—such as power generation, heating, ventilation, and air conditioning (HVAC), fluid flow technologies, heavy equipment, machinery, and the automotive and aerospace supply base—employ ETO business processes that handle customized or customer-specific Read More

RAJA Selects n.SKEP Retail Planning Solution


QAD Inc. continues to gain new customers via its relatively autonomous divisions, such as Precision Software for transportation management, and the recently acquired DynaSys for supply chain management (SCM) and CEBOS for quality management. QAD expects all of those products to carry their own weight and continue to sell to non-QAD enterprise resource planning (ERP) customers (in addition to cross

forecast accuracy  to refine its sales forecast upstream, since sales and forecast analysis with n.SKEP Retail Planning RTP may be performed on several areas: articles, sales channels, statistical family, warehouse, etc. The possibilities for forecast calculation will also be expanded in the following manner: projected sales of new products enriched by the seasonality of product family, automatic alerts on intermittent sales, logging of marketing and sales campaigns, as well as alerts of undetected seasonality. Finally, Read More

Connect and Optimize: Microsoft Dynamics Solutions in Industrial Equipment Manufacturing


Leading industrial equipment manufacturers are using new technology strategies to improve accuracy in quotations and configurations, improve customer satisfaction, increase supply chain visibility, and grow service revenues. Learn how to connect and optimize operations and create amazing customer experiences, for agility, low total cost of ownership, and fast time to market.

forecast accuracy  and Optimize: Microsoft Dynamics Solutions in Industrial Equipment Manufacturing Leading industrial equipment manufacturers are using new technology strategies to improve accuracy in quotations and configurations, improve customer satisfaction, increase supply chain visibility, and grow service revenues. Learn how to connect and optimize operations and create amazing customer experiences, for agility, low total cost of ownership, and fast time to market. Read More

10 Tips for Perfect (Nearly!) Inventory Accuracy


Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse operations without going into reactive mode. This is mainly due to a lack of proper or basic inventory record maintenance and accuracy. Some organizations don’t measure inventory in an accurate manner, or they don’t even have such

forecast accuracy  Tips for Perfect (Nearly!) Inventory Accuracy Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse operations without going into reactive mode. This is mainly due to a lack of proper or basic inventory record maintenance and accuracy. Some organizations don’t measure inventory in an accurate manner, or they don’t even have such measurements in place. Organizations need to understand that there are Read More

A Modern Tale of Long (Supply Chain) Tails -- Part II


Part I of this blog series introduced the notion of long tails in modern supply chains. That blog post also introduced the vendor ToolsGroup and its solution for planning and optimizing finished goods in distribution environments. So, How Does ToolsGroup Solve the Distribution Puzzle? Most of the benefits are driven here by the distinctive Stock Mix Optimization capability that has delivered

forecast accuracy  a combination of poor forecast accuracy and incorrect safety stock calculations.  Persistent forecast bias and the inability to correctly allocate the forecast to a daily SKU and account-location level, have caused high daily forecast error.  This situation, combined with widespread use of obsolete and inadequate inventory modeling, has lead to frequent stock-outs and excess inventory. Basically, companies have two ways to achieve service level excellence. One is the traditional painful way of Read More

SYSPRO Tackles Predictive Analytics


SYSPRO has announced that it has partnered with Corelytics, Inc., the developer of a cloud-based, predictive analytics solution for financial management. Corelytics anonymously aggregates industry-specific data, creating valuable benchmarks, and delivers dashboard-based visualizations of business performance so that financial performance data can be compared with industry standards.

forecast accuracy  data to show trends, forecast future performance, and understand performance drivers. The intended industries that Corelytics will serve in conjunction with SYSPRO are manufacturing, distribution, and technical and business services. The two vendors plan to proactively serve the following customer needs: Understand business trends and directions Create a 12-month forecast based on trend patterns (non budget) Track actual performance in comparison to goals or industry benchmarks Drill down into underlying Read More

Case Study: Kyocera


Aside from geographic challenges, Kyocera—distributor of document management devices—also grapples with three-month lead times, purchase-order constraints, and stocking commitments. Forecasting accuracy is critical to a company that has to manage frequent model changes and short life-cycle products. Find out about the demand and forecast management solution the company uses to ensure consistent and accurate reporting.

forecast accuracy  Operations Manager, says that forecast accuracy is critical in his industry as his team manages frequent model changes, short life-cycle products and spare parts. Mastering Forecasting Kyocera Mita Australia's head office in Osaka, Japan requires a rolling 12-month forecast from Fraser's team to plan for production. Although the company manages more than 10,000 SKUs, many of them are spare parts and are not subject to the same order constraints as finished goods and consumables. As the purchase-order Read More

Apriso Launches Global Packaging Solution


Apriso, a provider of global manufacturing software solutions, has introduced a Packaging Solution for Global Manufacturers to better manage complex packaging operations and conversion processes. Manufacturers in the consumer goods, food and beverage, and consumer electronics industries who implement this solution should have up-to-the-minute visibility into and control over plant floor systems

forecast accuracy  Launches Global Packaging Solution Apriso , a provider of global manufacturing software solutions, has introduced a Packaging Solution for Global Manufacturers to better manage complex packaging operations and conversion processes. Manufacturers in the consumer goods, food and beverage, and consumer electronics industries who implement this solution should have up-to-the-minute visibility into and control over plant floor systems, processes, and performance to enable better informed decisions and Read More

How to Plan and Manage in Times of Uncertainty and Volatility? Based on Reality and Facts, Duh! (Part 1)




forecast accuracy  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