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 forecasting accuracy assessment scm

Browse RFP templates

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Compare Software Solutions

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Documents related to » forecasting accuracy assessment 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, 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.

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The Impact of Lean on Consumer Product Manufacturers


While consumer products manufacturers are relatively recent adopters of lean programs, they are already achieving value through a firm commitment to understanding how lean will affect their business processes. Those who are eager to begin the lean journey, however, must learn how to prioritize the metrics that matter, and frequently measure them in order to monitor the effectiveness of the program. Discover why it works.

forecasting accuracy assessment scm  ability to have enhanced forecasting capabilities as another essential to their new implementation. We are also prioritizing forecasting within the context of our Lean program because we operate in a very short shelf life environment with high inventory turnover. So if you don''t plan accurately you can end up with either lost sales or huge waste. So the better predictability will allow us to optimize waste reduction and optimize our sales performance. We will be tying these Lean KPIs within the SAP busin Read More

Best Practices in Extending ERP: A Buyer’s Guide to ERP versus Best-of-breed Decisions


The trade-off between best-of-breed functionality and ease of integration is no longer so simple. Enterprise resource planning (ERP) software continues to expand, blurring the boundaries of core ERP functionality. The three essential factors to consider in ERP versus best-of-breed decisions are functionality, integration, and the ability to upgrade. Find out the questions you need to ask when considering an ERP extension.

forecasting accuracy assessment scm  collaboration, human capital management, forecasting and demand planning and more could also alternatively be purchased as extensions to ERP. While the most basic of these modules, those shown bolded in the table, have quite respectable adoption rates, more specialized or advanced modules are much lower and present significant opportunity for broader and deeper implementations. Of course, not every ERP vendor offers every one of these modules. In the case where a module is not offered, the decision might Read More

Let the (Excess) Inventory Flow!


Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both the inventory and dollars flying out the door. There should be smarter ways of handling this problem.

forecasting accuracy assessment scm  Part One: Identifying and Forecasting Demand ). In this process too, little time is afforded to the continuous assessment and disposition of excess active inventory, which comes from the ever-quicker pace of new product introduction that drives constant product turnover. Further, the rate of customer returns—reportedly up to 20 percent in consumer electronics—results in returned and refurbished inventory. Industry estimates of inventory excess in the high-tech sector alone reportedly approaches $2 bil Read More

SAP Support of the Health Care Supply Chain’s Ongoing Effort to Ensure Patient Safety and Drive Business Value


Electronic product code information services (EPCIS) is a standard mechanism for inter-company collaboration and data sharing, which can enable health care partners to deploy solutions that meet short-term mandates driven by patient safety, as well as lay the foundation for long-term business value. Learn more about the impact of EPCIS in a study concerning data management and data sharing in the health care supply chain.

forecasting accuracy assessment scm  product announcement or launch. Forecasting and Replenishment – Enhanced visibility in the supply chain has been identified as a major driver of inventory reduction and customer service improvement. Supply chain theory has identified the bullwhip effect as the amplified peaks and valleys in inventory that result due to time lags and visibility gaps in the supply chain. Extended visibility from EPCIS observations will enable forecasts and replenishments to be more accurate and timely. 6- Eric Newmark, Read More

Vulnerability Assessment: The Right Tools to Protect Your Critical Data


Vulnerability assessment (VA) has become one of the hottest fields within computer security. VA tools are designed to detect and report on security holes within software applications, allowing organizations to take corrective action—before devastating attacks occur. Indeed, due to reduction in hacker “time to exploit,” along with intense regulatory pressures, the need for reliable VA has never been greater.

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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-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.

forecasting accuracy assessment scm  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

Finding YOUR Next - Michael Jordan - How New Technology-Driven Assessment Processes Will Improve Talent Acquisition


Human capital is the most valuable asset of any organization and human resources must be more strategic and provide more value, rather than be solely a cost center. A new talent acquisition model that integrates assessments in an automated screening process can help effectively and efficiently yield consistently higher-quality candidates with the demonstrated skills, behaviors, and work style that are required to succeed.

forecasting accuracy assessment scm  YOUR Next - Michael Jordan - How New Technology-Driven Assessment Processes Will Improve Talent Acquisition Finding YOUR Next - Michael Jordan - How New Technology-Driven Assessment Processes Will Improve Talent Acquisition If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. HRMC is a talent acquisition solution provider that organizations utilize to select, assess, and acquire top performers. Source : Human Resource Management Read More

Best Practices for Budgeting, Forecasting and Reporting


Corporate budgeting, forecasting, and reporting presents a formidable challenge to most companies, regardless of size or industry. Companies that are able to address budgeting obstacles and improve their process will not only be rewarded with more accurate budgets, more timely re-forecasts, and improved decision-making, but also foster a disciplined financial management culture that will deliver a true competitive advantage

forecasting accuracy assessment scm  Practices for Budgeting, Forecasting and Reporting Corporate budgeting, forecasting, and reporting presents a formidable challenge to most companies, regardless of size or industry. Companies that are able to address budgeting obstacles and improve their process will not only be rewarded with more accurate budgets, more timely re-forecasts, and improved decision-making, but also foster a disciplined financial management culture that will deliver a true competitive advantage Read More

Financial Forecasting and Planning Summit, London UK, June 2-3, 2011


Financial Forecasting and Planning Summit, London UK, June 2-3, 2011. If you're interested in learning about the latest innovations in financial pl...

forecasting accuracy assessment scm  Forecasting and Planning Summit, London UK, June 2-3, 2011 Financial Forecasting and Planning Summit, London UK, June 2-3, 2011 If you''re interested in learning about the latest innovations in financial planning and business forecasting from some of world''s leading experts, the Financial Forecasting and Planning Summit is for you! At this two-day summit of forward-thinking business and financial leaders, you''ll learn how to: engage senior leadership around financial forecasts and reviews use the f Read More

Intentia's Movex for Food and Beverage: Gaining a Foothold in North America Part Two: SCM and Other Functions


The SCM features of Movex should assist you in streamlining your operations to make them more efficient and cost-effective. Movex has meanwhile expanded its hardware base and has long added customer relationship management (CRM) modules.

forecasting accuracy assessment scm  traditional modules to facilitate forecasting (how much the product is needed), planning (where to make the product); and scheduling (what processes to use to make the product). However, because of its tight integration with the other modules, Movex not only provides a view from inside the four walls of the plant but also into some of its nooks and crevices. For example, internal integration with a computerized maintenance management system (CMMS) enables Movex to have visibility into resources and 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 events from 2009 will have a more far-reaching impact than any other in this space, primarily because they’re priming the conditions for still more vendor competition and industry volatility in the year to come.News item: Oracle

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IP Telephony: Network Evaluation and Risk Assessment Guide


Before engaging with vendors to identify the best solution, you need to perform an evaluation of your network capabilities, and assess the potential impact to your business of a converged network. As with any network implementation, a realistic understanding of what is required to reach your objectives will enable you to ensure a successful transition to enhanced network capabilities.

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