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 forecasting accuracy assessment scm

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.

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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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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 Read More

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 Read More

ERP Systems Buyer’s Guide


The implementation of an enterprise resource planning (ERP) system to automate business processes is a strategic investment. Buying the right system and choosing the best vendor for you are critical to a successful ERP implementation. As a decision maker, you need to quickly identify your ERP requirements, effectively communicate these needs to vendors, and successfully compare various product alternatives. Learn how.

forecasting accuracy assessment scm  cycle, including planning, budgeting, forecasting costs and revenues, managing issues and change requests, and tracking project status and performance. It also has a central repository that maintains and categorizes all project-related files and documents that can be timely accessed. Supply Chain Management (SCM) : SCM is the largest ERP module in terms of business functionalities, and it is often adapted to meet the needs of specific industries. In general, SCM improves the flow of materials throughout Read More

Geac Gets Its Commonsense Share Of Consolidation, With Revolving Door CEOs No Less Part Three: Challenges and User Recommendations


The rejuvenated management team has done a praiseworthy job of bringing the company back to health while concurrently unveiling a new System21 product that can compete with the other products in the market. Deep vertical functionality, process integration, and the communication of a detailed product strategy blueprint to the market should help users manage total cost of ownership (TCO) during this era of conservative IT budgets.

forecasting accuracy assessment scm  of financial planning, budgeting, forecasting and consolidation software should also provide many cross-sell opportunities to Geac''s existing enterprise customers, since MPC should appeal to the same C-level executives and corporate controllers that rely on Geac''s ERP transaction systems. In addition to cross-selling more products to its existing customers, the acquisitions hold the potential of generating new customers. The tough financial climate bundled with increased regulatory requirements (i.e., Read More

Product Value Assessment and Monitoring: Delivering a Substantial Margin Advantage


Research shows that companies implementing product portfolio management (PPM) solutions achieve greater success in profitability because of their ability to monitor product value throughout the product selection and development processes. With the ability to evaluate this information through PPM capabilities, companies can take corrective action to maximize product value during new development—or kill projects that won’t deliver sufficient returns.

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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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E2open Buys icon-scm, Makes Waves in Supply Chain Space


E2open and icon-scm have just combined to create a collaborative planning and execution software stalwart, enabling brand owners and their trading partners to work together to improve their supply chain performance by continuously solving real problems with better information. The transaction, valued at approximately $34 million in total (more than three times icon-scm’s revenues), represents an

forecasting accuracy assessment scm  plan generation (demand planning, forecasting, inventory optimization, etc.) and far too little on horizontal process enablement. SCM is a ''team sport'', requiring different functions to work together to solve a problem. Some soccer teams have always had brilliant individual players, but these teams seldom do well on the world stage, because they play as individuals, not as a team (the Netherlands and my home countries, former Yugoslavia and now Serbia, being great examples). Germany and the current team Read More

Vulnerability Assessment and Prevention with Rapid7


Ever hear of a company or government agency’s computer systems falling victim to some individuals' malicious activities? In spite of the frequent news documenting these events, many organizations don't prioritize the security of their own systems. Vendors such as Rapid7, McAfee, or Qualys offer different types of software to assess, manage, or curtail your information technology (IT) systems

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Logility Accelerates SCM to ERP Integration


Logility Inc., a supplier of collaborative supply chain management (SCM) solutions, recently announced a template-based approach to reduce the cost and complexity associated with best-of-breed SCM to enterprise resource planning (ERP) integrations. Companies that turn to ERP providers for their SCM capabilities often find that they lack the depth and breadth of supply chain planning and

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Software Capabilities Assessment and SALM Projects for Consultants


Whether your clients are small to midsized business (SMBs) or large enterprises, a clear picture of the software systems that are driving their businesses is a critical component of their long-term success. That’s why TEC has developed two specialized services that you can deliver to help your clients document, understand, and optimize their IT infrastructures, and plan effectively for the future. Learn more now.

forecasting accuracy assessment scm  Software Capabilities Assessment,software architecture lifecycle management Read More

SmartOps Steps Out in to the Cloud SCM


SmartOps Corporation is a quiet provider of supply chain planning (SCP) solutions that right-size inventory and capture more sales (by way of managing demand) for global enterprises that compete in complexity and uncertainty of their global supply chains. Deploying SmartOps’ solutions has dramatically improved supply chain performance at more than 50 Fortune 1000 and global 2000 companies in

forecasting accuracy assessment scm  of traditional time-series based forecasting systems that focus on historical information but ignore current demand signals. With embedded analytics and scenario analysis capabilities of EDS, companies can increase supply chain agility with fact-based demand response strategies and assess effectiveness of product promotion and launch activities. SmartOps believes that the EDS approach for blending multiple internal and external signals into a demand opinion that can be used by SmartOps products for Read More

Lucrative but "Risky" Aftermarket Business-Service and Replacement Parts SCM


The growing pressure for improving customer responsiveness and profits has lately changed the traditional role of supply chain management (SCM) of spare and replacement parts.

forecasting accuracy assessment scm  supply chain management,SCM,enterprise asset management,EAM,replacement parts,original equipment manufacturers,OEM,maintenance repair and overhaul,MRO,service,aftermarket,inventory management Read More

Newman Technology Cuts Inventory Costs by 25 Percent; Achieves 98 Percent Inventory Accuracy


Newman Technology was using a paper trail system to manage a lot of traffic, and realized that it needed a modern-day solution for production accuracy and accountability. It needed a robust tool and disciplined processes for managing its inventory, purchase orders, and accounts receivables. Learn how Newman Technology improved its communication with suppliers and gained visibility into suppliers’ operations.

forecasting accuracy assessment scm  Technology Cuts Inventory Costs by 25 Percent; Achieves 98 Percent Inventory Accuracy Newman Technology was using a paper trail system to manage a lot of traffic, and realized that it needed a modern-day solution for production accuracy and accountability. It needed a robust tool and disciplined processes for managing its inventory, purchase orders, and accounts receivables. Learn how Newman Technology improved its communication with suppliers and gained visibility into suppliers’ operations. Read More