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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

Merchandising Systems
Merchandising systems are the enterprise back and front-office software solutions upon which the majority of retailers rely to manage and support their daily tasks. These systems typically record p...
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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

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

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

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,

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

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

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

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

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

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

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

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

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

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

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