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 forecasting accuracy methods

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 methods

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 profit dollars. To accomplish this, estimates of future use of stocked items must be as accurate as possible. Discover how analyzing weighted averages, trend factors, and other formulas can help you accurately anticipate—and manage—future demand for your products.

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Are Spreadsheets Sabotaging Your Profits?


Due to their limitations, using spreadsheets to manage mission-critical business functions is an unacceptable risk. The requirements for finding the right inventory in the right place at the right time are being hampered by spreadsheet forecasts based on inappropriate source data. Packaged software with inventory management and collaborative capabilities will give your supply chain a competitive advantage. Learn how.

forecasting accuracy methods  rate. Conclusion Improvements in forecasting accuracy will reduce supply chain cost, increase service levels and greatly increase profitability. Based on the limitations of spreadsheets highlighted in this paper and the ongoing potential problems from undocumented, untested and uncontrolled spreadsheets, the continued use of spreadsheets to manage mission critical business functions is an unacceptable risk for Twenty First Century businesses. In too many businesses, spreadsheets may be sabotaging their 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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Demand Planning: Optimizing Operations across the Supply Chain


Demand planning applications can help manufacturers establish baseline sales forecasts and perform analysis to improve resource usage. They can also help manufacturers optimize pricing capabilities and better understand their markets. Yet to get the most out of these tools, manufacturers must be willing to reorganize their planning processes—and to share the resulting insights with supply chain partners and customers.

forecasting accuracy methods  have dramatically improved their forecasting accuracy with demand planning software packages. But to turn their crystal balls into improved bottom lines, organizations must: Develop the products and services based on customer demand, not guesswork; Establish pricing based on dynamic market feedback; Manage effectively to forecasts, thereby optimizing the performance of facilities, people, inventories, and suppliers; and Extend their forecasting capabilities across the entire supply chain with Read More

How to Keep Stock Balances Accurate


Distributors must ensure the quantity of products shown to be available in their software system agrees with what is physically in their warehouses. If it doesn’t, valuable time and money are lost as customers seek other suppliers, salespeople physically check stock, and buyers are forced to overstock. Learn the policies and procedures that can maximize your inventory management system to maintain accurate stock balances.

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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 methods  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

Spreadsheets: An Inadequate Solution for Budgeting, Forecasting and Reporting


Mid-size organizations have been conducting their budgeting and forecasting through a readily-available, inexpensive, and easy-to-use application—the spreadsheet. But spreadsheets fail to support complex planning processes, which involve multiple people, require real-time access to data, and demand comprehensive security. Discover how the Adaptive Planning budgeting and planning application can help you meet these needs.

forecasting accuracy methods  Inadequate Solution for Budgeting, Forecasting and Reporting Mid-size organizations have been conducting their budgeting and forecasting through a readily-available, inexpensive, and easy-to-use application—the spreadsheet. But spreadsheets fail to support complex planning processes, which involve multiple people, require real-time access to data, and demand comprehensive security. Discover how the Adaptive Planning budgeting and planning application can help you meet these needs. Read More

Driver-based Budgets and Forecasting


Line managers and finance staff are frustrated by the inability of spreadsheet-based planning systems to deliver useful budgets and rolling forecasts. A major problem is the disconnect between the operational elements of business and financial plans. What's missing is driver-based planning, a best-practice methodology where financial plans incorporate assumptions about business activities modeled to drive financial data.

forecasting accuracy methods  based Budgets and Forecasting Line managers and finance staff are frustrated by the inability of spreadsheet-based planning systems to deliver useful budgets and rolling forecasts. A major problem is the disconnect between the operational elements of business and financial plans. What''s missing is driver-based planning, a best-practice methodology where financial plans incorporate assumptions about business activities modeled to drive financial data. Read More

LumiData


LumiData is a demand intelligence specialist for companies within the consumer products industry. LumiData's demand planning and forecasting solutions are applied to sales and marketing strategies to help increase revenue and strengthen market positions.

forecasting accuracy methods  LumiData''s demand planning and forecasting solutions are applied to sales and marketing strategies to help increase revenue and strengthen market positions. Read More

Smart Software


Founded in 1984, Smart Software is a provider of enterprise-wide demand forecasting, planning, and inventory optimization solutions. Smart Software's flagship product, SmartForecasts, has thousands of users worldwide, including customers at mid-market enterprises and Fortune 500 companies, such as Abbott Laboratories, Metro-North Railroad, Siemens, Disney, Nestle, Nikon, GE, and The Coca-Cola Company. Smart Software is headquartered in Belmont, Massachusetts.

forecasting accuracy methods  provider of enterprise-wide demand forecasting, planning, and inventory optimization solutions. Smart Software''s flagship product, SmartForecasts, has thousands of users worldwide, including customers at mid-market enterprises and Fortune 500 companies, such as Abbott Laboratories, Metro-North Railroad, Siemens, Disney, Nestle, Nikon, GE, and The Coca-Cola Company. Smart Software is headquartered in Belmont, Massachusetts. Read More

John Galt Solutions


Founded in 1996, John Galt Solutions delivers affordable forecasting and inventory management solutions for the consumer-driven supply chain. John Galt supply chain planning solutions are designed for growing mid-market companies. John Galt serves more than 5,000 customers, including manufacturers, distributors, retailers, and logistics services providers, in a wide range of industries, such as apparel, automotive, consumer goods, food and beverage, energy, high tech, pharmaceuticals, and telecommunications.

forecasting accuracy methods  Galt Solutions delivers affordable forecasting and inventory management solutions for the consumer-driven supply chain. John Galt supply chain planning solutions are designed for growing mid-market companies. John Galt serves more than 5,000 customers, including manufacturers, distributors, retailers, and logistics services providers, in a wide range of industries, such as apparel, automotive, consumer goods, food and beverage, energy, high tech, pharmaceuticals, and telecommunications. Read More

Managing Risks, Managing Measures: Decision Support Methodologies in Business Part 1: Guidelines


Poor measurement methods can take off millions or more from bottom lines, and contribute at least in part to project failures, corporate inefficiencies and poor technology selections. Industry wide, they have contributed to tens of billions of dollars of unnecessary costs. How do you avoid these expensive mistakes?

forecasting accuracy methods  Risks, Managing Measures: Decision Support Methodologies in Business Part 1: Guidelines Executive Summary When it comes to making decisions using some tool that purports to measure value, it is wise to know something about the tool and what it is measuring, as well as why. Poor measurement methods contribute at least in part to project failures and corporate inefficiencies that can take off millions or more from bottom lines and poor technology selections alone have contributed to tens of billions Read More

BI360


Solver’s BI360 solution is a powerful, Microsoft-based suite of modules for ad-hoc reporting, financial reporting, consolidations, budgeting, forecasting, modeling, dashboards, collaboration, and data warehousing. Solver offers a feature-rich, action-based BI360 Insight collaboration portal to deliver complete insight into every facet of the enterprise. This collaboration portal integrates seamlessly with BI360's other BI modules as well as with third-party reporting solutions, giving your organization a single, Web-based user interface where information workers can view and discuss all reports and performance data, regardless of data source, and providing the ability to truly understand your data, make better decisions, and ultimately drive efficiency and performance across the business.  

forecasting accuracy methods  financial reporting, consolidations, budgeting, forecasting, modeling, dashboards, collaboration, and data warehousing. Solver offers a feature-rich, action-based BI360 Insight collaboration portal to deliver complete insight into every facet of the enterprise. This collaboration portal integrates seamlessly with BI360''s other BI modules as well as with third-party reporting solutions, giving your organization a single, Web-based user interface where information workers can view and discuss all reports 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 methods  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

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.

forecasting accuracy methods  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