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Software Functionality Revealed in Detail
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 forecasting accuracy assessment

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 » forecasting accuracy assessment

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. Consequently, data mining technology becomes important. Here is a framework to help understand the data mining process.

forecasting accuracy assessment  data. For instance, by forecasting the demand for its products in the future, a retailer can plan production. Why Not OLAP or Statistics? Data mining includes advanced techniques for understanding data that far exceed the capabilities of online analytical processing (OLAP). OLAP tools provide the means to perform multidimensional analysis by using powerful algorithms for aggregating data. While OLAP can help look at the sales of a certain product within a specific region and time period, data mining can Read More

Continuous Improvement Case Study: Taking Baby Steps towards Tangible Benefits


To improve supply chain operations with a fresh look and new ideas, Harris Tea worked with a consulting firm, Supply Chain Consultants. The objective was to optimize the entire supply chain, not just the pieces.

forecasting accuracy assessment  the supply chain, from forecasting through distribution planning. Many of the improvements for both types of teas dealt with improved procedures for procurement and inventory of specialized packaging materials (which would ensure that production was never limited by lack of packaging materials) while minimizing working capital in those materials. Although both Harris Teas and SCC were cautious about discussing specific benefits, Harpal Singh, SCC''s founder and chief executive officer (CEO), pointed to 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  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

Outsourcing Supply Chain Planning Processes


Supply chain planning tools deliver potentially tremendous savings when well implemented, and wreak havoc when they fail. A company considering an outsourcing strategy for their supply chain planning processes should first address some key aspects of these tools.

forecasting accuracy assessment  have become strategically important. Forecasting, scheduling, and planning tools linked to transactional data in enterprise requirements planning (ERP) systems can have dramatic impacts on customer service levels, inventory costs, production costs, throughput, and administrative costs. When the solution is well designed and well implemented, the impossible becomes possible. Finished goods inventory turns can rise while service levels improve, throughput can increase while work in process falls, and 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.

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Inbound Fax Routing


Fax technology can provide accuracy in routing and delivery. An inbound fax routing solution gives you many options for directing received faxes. This allows you to determine the destination of your received faxes, and stipulate multiple choices for the fax delivery format. No need to let your faxes go astray—an inbound fax routing solution will keep your faxes on the right path.

forecasting accuracy assessment  Fax Routing Fax technology can provide accuracy in routing and delivery. An inbound fax routing solution gives you many options for directing received faxes. This allows you to determine the destination of your received faxes, and stipulate multiple choices for the fax delivery format. No need to let your faxes go astray—an inbound fax routing solution will keep your faxes on the right path. Read More

An Assessment Breakthrough that Will Change the Way You Think about Your Workforce: Identifying Organizational Culture Can Drive Business Performance


What if you could give your organization, as a whole, a personal assessment? What if your organization could gain the same insight into its culture that we can gain from a personal assessment?

The IBM Kenexa Cultural Indicator assesses an organization’s internal culture—helping leadership drive performance and align employees, managers, departments, and locations with the overall company strategy. It can help an organization transform its values and strengths into specific strategies to drive overall performance.

This tool uses archetypes to express an organization’s culture, revealing the strengths and weaknesses of the organization, internal values, archetypes of the leadership and executive level teams, and strengths and weaknesses of departments within the organization. Once the culture is defined, human capital management strategies can be developed for more effective recruitment and retention practices.

forecasting accuracy assessment  smarter workforce, IBM HCM, human capital management, recruitment management, talent assessment, talent management, corporate culture management, IBM Kenexa Cultural Indicator Read More

Planning, Budgeting, and Forecasting Software Evaluation and Selection Guide


Enterprise planning—budgeting, forecasting, and reporting—is a crucial component of financial management that contributes to companies’ success. However, planning is often seen as a time-consuming burden. Find out how an enterprise planning system can help you deliver more timely and reliable plans and enhance strategic decision making, to more quickly identify, analyze, and forecast the impact of changes as they occur.

forecasting accuracy assessment  Budgeting, and Forecasting Software Evaluation and Selection Guide Planning, Budgeting, and Forecasting Software Evaluation and Selection Guide If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. IBM Cognos solutions for planning, budgeting and forecasting provide small and midsize businesses the same financial flexibility and insight enjoyed by finance organizations at the largest multinationals. Source : Cognos, an IBM Company 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

forecasting accuracy assessment  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

Terra Technology


Terra Technology's real time forecasting (RTF) solutions use pattern recognition mathematics to monitor daily demand signals. RTF is compatible with demand planning solutions from major enterprise resource planning (ERP) and supply chain vendors, including Manugistics, SAP, and i2 Technologies. The company's real time inventory (RTI) offering is a multi-echelon inventory optimization solution which includes the following capabilities: daily inventory target updates; full integration with conventional planning systems; inventory calculation using actual demand (not average demand); measurement of actual error over actual lead time; calculation of in-season and out-of-season lead-time difference for high volume stock-keeping units (SKUs); automatic adjustment for shutdowns; and rich modeling of time-phased equipment constraints across multiple SKUs.

forecasting accuracy assessment  Terra Technology''s real time forecasting (RTF) solutions use pattern recognition mathematics to monitor daily demand signals. RTF is compatible with demand planning solutions from major enterprise resource planning (ERP) and supply chain vendors, including Manugistics, SAP, and i2 Technologies. The company''s real time inventory (RTI) offering is a multi-echelon inventory optimization solution which includes the following capabilities: daily inventory target updates; full integration with conventional plan Read More

Aviso Brings Predictive Science to Sales Forecasting


Aviso recently introduced Aviso Insights, a solution that arms sales teams with predictive tools to meet and exceed quarterly targets. Using machine learning and portfolio management frameworks that Wall Street experts use, the goal is to enable sales, finance, and business leaders at any time to confidently report on the current state of business.

forecasting accuracy assessment  Predictive Science to Sales Forecasting Aviso recently introduced Aviso Insights , a solution that arms sales teams with predictive tools to meet and exceed quarterly targets. Using machine learning and portfolio management frameworks that Wall Street experts use, the goal is to enable sales, finance, and business leaders at any time to confidently report on the current state of business.   Sales forecasting is the most important process in a sales organization, yet traditionally it has been supported by Read More

Forecasting Total Cost of Ownership for Initial Deployments of Server Blades


For organizations deploying many servers, total cost of ownership (TCO) analyses favor blade over rack-optimized systems. Blade server systems—reducing both capital and operating expenses—exploit economies of scale when deploying servers in volume. Saving power, cooling, and space by more than 25 percent, the blade advantage is particularly relevant for servers working in conjunction with storage area networks (SANs).

forecasting accuracy assessment  Total Cost of Ownership for Initial Deployments of Server Blades For organizations deploying many servers, total cost of ownership (TCO) analyses favor blade over rack-optimized systems. Blade server systems—reducing both capital and operating expenses—exploit economies of scale when deploying servers in volume. Saving power, cooling, and space by more than 25 percent, the blade advantage is particularly relevant for servers working in conjunction with storage area networks (SANs). Read More

How to Select a Sales and Operations Planning (S&OP) System


Mature sales and operations planning (S&OP) is more than a sales forecasting or tactical planning tool. S&OP is a decision-making mechanism for aligning strategic plans with sales, operational, and financial plans. Download this TEC executive brief for pointers on selecting an S&OP system, information about how mature S&OP processes can help tackle critical business issues, and key S&OP system capabilities to look for.

forecasting accuracy assessment  more than a sales forecasting or tactical planning tool. S&OP is a decision-making mechanism for aligning strategic plans with sales, operational, and financial plans. Download this TEC executive brief for pointers on selecting an S&OP system, information about how mature S&OP processes can help tackle critical business issues, and key S&OP system capabilities to look for. Read More

The Competitive Advantage of Business Intelligence Forecasting and Predictive Analysis


Technology and new business intelligence solutions have made it possible for the average enterprise to leverage complex predictive analysis using simple, intuitive tools. Predictive analysis is key to the competitive success of an organization, and the enterprise that is privy to clear and concise product, customer, sales, and market predictions will always have the competitive advantage in its market of choice. Find out how.

forecasting accuracy assessment  Advantage of Business Intelligence Forecasting and Predictive Analysis Technology and new business intelligence solutions have made it possible for the average enterprise to leverage complex predictive analysis using simple, intuitive tools. Predictive analysis is key to the competitive success of an organization, and the enterprise that is privy to clear and concise product, customer, sales, and market predictions will always have the competitive advantage in its market of choice. Find out how. Read More

Case Study: An ITIL Capacity Assessment and Strategic Alignment


Today, business is driven to change per customers’ needs, and IT organizations must be strategic partners with the lines of business. Information Technology Infrastructure Library (ITIL) best practices are gaining popularity as one way to manage change. However, implementing ITIL best practices in an IT organization is not without challenges. Learn about the approaches that can be used for successful ITIL implementation.

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