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 forecasting examples

Software Functionality Revealed in Detail

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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 examples

Sales and Operations Planning Part One: Identifying and Forecasting Demand


An effective sales and operations planning game plan results in fewer stock-outs, shorter delivery lead-times, higher on-time shipping percentages, a manageable amount of expediting, and improved customer service. Several guidelines are suggested to improve a firm's sales and operations planning process and the effectiveness of each product's game plan. This is an excerpt from the book Managing Your Supply Chain Using Microsoft Navision.

forecasting examples  Part One: Identifying and Forecasting Demand Sales and Operations Planning Part One: Identifying and Forecasting Demand Featured Author - Dr. Scott Hamilton - December 11, 2003 Introduction A firm''s sales and operations planning (S&OP) process starts with the definition of all demands for the firm''s goods and services. It formulates game plans that drive supply chain activities to meet those demands. Hence, an effective S&OP game plan requires consideration of both demands and supplies. The nature of Read More

Analyzing Manhattan Associates’ Supply Chain Platform Play - Part 1


My recent article on Manhattan Associates (NASDAQ: MANH) and RedPrairie Corporation stated that these two vendors continue to duke it out at almost every large-scale selection deal for a warehouse management system (WMS), distribution labor management system (LMS), and/or transportation management system (TMS) solution. But over the last few years they have also pursued

forecasting examples  Management, Labor Management, Labor Forecasting and Scheduling, Slotting Optimization, Billing Management, Supplier Enablement, Hub Management,  Radio Frequency Identification (RFID)  solutions. Transportation Lifecycle Management has also long been Manhattan’s forte after the 2000 acquisition of Logistics.com . The suite optimizes all aspects of transporting product through supply chains by improving multiple product delivery dimensions, such as speed, accuracy, and cost. The suite covers the Read More

Case Study: Fetco Home Decor


Fetco Home Decor, designer and wholesaler of fashion frames and other décor products, was relying on Excel spreadsheets to perform its forecasting process. The lack of accuracy and accessibility resulted in ineffective forecasting—and higher-than-necessary inventory levels. After a quick implementation of a planning and forecasting solution, Fetco reduced inventory by 25 percent without affecting customer service levels.

forecasting examples  her three-year experience of forecasting with Excel spreadsheets: “I feel like I’m caught between hell and a dartboard!” The phrase resonated with the team because they have heard similar responses, though less animated, from hundreds of other customers who have made the switch from Excel to Demand Solutions. Although the company’s product lines are trendy and fashionable, Ward’s job was anything but glamorous and the Excel-based planning system only made it worse. Fetco Home Decor is a leading Read More

Case Study: Terumo


Terumo Cardiovascular Systems, global manufacturer and distributor of medical products, has more than 1,500 finished goods, many of which are assembled in one factory and sterilized in another. With so many products and steps in the supply chain, supply and demand planning abilities are key to smooth operations. Find out how the company saved $1 million (USD) with forecast management and requirements planning solutions.

forecasting examples  Finance | Supply Chain Forecasting | Supply Chain Information | Supply Chain Innovation | Supply Chain Integration | Supply Chain Inventory | Supply Chain Issues | Supply Chain Logistics | Supply Chain Management | Supply Chain Marketing | Supply Chain Models | Supply Chain Network | Supply Chain News | Supply Chain Operations | Supply Chain Optimization | Supply Chain Outsourcing | Supply Chain Performance | Supply Chain Planning | Supply Chain Processes | Supply Chain Procurement | Supply Chain Read More

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 examples  The use of collaborative forecasting in spreadsheet environments serves as a notable example. Accuracy can be increased significantly through the use of collaborative efforts within the supply chain. Forecasts that are created within a single organization are often built with the limited facts or input available from within the operation. Wilson (2001) provided examples of negative results from a lack of collaboration. He described how, at the end of a product lifecycle, incorrect forecasts can lead to Read More

Taking Stock of Infor’s HCM “Inventory Items” - Part 2


Part 1 of this blog series started by expressing the “New Infor” sentiments (backed up with concrete examples and rationale) following my recent attendance of Inforum 2012. Then the article provided some historical background and described the lineage of the products that currently form the Infor10 HCM portfolio. The article also detailed some technical and organizational issues on both the

forecasting examples  Stock of Infor’s HCM “Inventory Items” - Part 2 Part 1 of this blog series started by expressing the “New Infor” sentiments (backed up with concrete examples and rationale) following my recent attendance of Inforum 2012 . Then the article provided some historical background and described the lineage of the products that currently form the Infor10 HCM portfolio. The article also detailed some technical and organizational issues on both the former heritage Infor and Lawson Software ’s Read More

Planning and Forecasting: Use Continuous Planning and Rolling Forecasts to Support Adaptive Management


Change may be the only constant in business. But why do so many companies lock themselves into a rigid system of annual plans, budgets, and targets that make rapid response to changing markets—and increasing competition—difficult, if not impossible? Discover how you can replace tedious annual planning cycles with regular business performance reviews and rolling forecasts, for more informed and accurate decision making.

forecasting examples  Budgeting, planning and forecasting software from Cognos can free the office of finance from the burden of spreadsheet-based processes. Cognos solutions offer specific strengths to meet the diverse needs of any finance organization. Source : Cognos Resources Related to Planning and Forecasting : Planning (Wikipedia) Planning and Forecasting: Use Continuous Planning and Rolling Forecasts to Support Adaptive Management Planning Forecasting is also known as : Planning Forecasting , Forecast Pro Software Read More

Best-of-breed Approach to Finance and Accounting


CODA's savvy accounting and financial offerings include budgeting, forecasting, scorecards, and tools that use Microsoft Excel spreadsheets collaboratively and securely. However, CODA must defend its narrow specialist and best-of-breed approach against larger-scale integrated enterprise system offerings.

forecasting examples  the standard budgeting and forecasting facilities provided by CODA s-Planning, users have the option to make their entire cycle more coordinated, efficient, and controlled by opting for the collaborative add-on of the CODA c-Planning product. This interfaces with the CODA-Control process management solution, adding a facility to publish budgets as CODA-Control web sites and tasks. This will keep all participants informed and aware of the input needed and when it is required. There are also audit Read More

Ten Steps to Evaluate and Select A Mid-Market Budgeting, Forecasting, and Reporting Solution


Business performance management (BPM) applications, particularly budgeting, forecasting, and reporting (BFR) solutions, bring high value to a mid-size company. But embarking upon a BPM initiative can seem daunting. There are many factors to consider, including potential benefits, expected costs, etc. Read this step-by-step guide that helps these companies navigate through these factors and move forward with a BPM solution.

forecasting examples  Select A Mid-Market Budgeting, Forecasting, and Reporting Solution Business performance management (BPM) applications, particularly budgeting, forecasting, and reporting (BFR) solutions, bring high value to a mid-size company. But embarking upon a BPM initiative can seem daunting. There are many factors to consider, including potential benefits, expected costs, etc. Read this step-by-step guide that helps these companies navigate through these factors and move forward with a BPM solution. Read More

Case Study: Campbell Soup Company


After expanding its product lines and accelerating product roll-outs, the Campbell Soup Company needed to align demand forecasting and supply chain planning with its new, more dynamic business model. Learn how the company’s new solution helped it improve inventory forecasting, adapt to day-to-day changes in demand, enhance long-range production planning and risk management, and spend more time on strategic activities.

forecasting examples  needed to align demand forecasting and supply chain planning with its new, more dynamic business model. Learn how the company’s new solution helped it improve inventory forecasting, adapt to day-to-day changes in demand, enhance long-range production planning and risk management, and spend more time on strategic activities. Read More

DELPHUS Inc


Established in 1987, Delphus provides forecasting tools and solutions for sales and marketing managers, and inventory and production planners in manufacturing, distribution, and retail firms. The privately help corporation is headquartered in Morristown, New Jersey (US). Its client list includes divisions of Fortune 500 corporations, and midsized companies such as Kodak, IBM, Pfizer, Ferrari, Lucent Technologies, Bristol-Myers-Squibb, Skil-Bosch Tools, Hasbro UK, and Volvo.

forecasting examples  in 1987, Delphus provides forecasting tools and solutions for sales and marketing managers, and inventory and production planners in manufacturing, distribution, and retail firms. The privately help corporation is headquartered in Morristown, New Jersey (US). Its client list includes divisions of Fortune 500 corporations, and midsized companies such as Kodak, IBM, Pfizer, Ferrari, Lucent Technologies, Bristol-Myers-Squibb, Skil-Bosch Tools, Hasbro UK, and Volvo. 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 examples  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

Oracle Enhances JD Edwards EnterpriseOne at Its Partner Summit


Perhaps the best examples of continuing innovation in the existing Oracle ERP product lines were some announcements at the Oracle JD Edwards Partner Summit 2013. The event took place January 28 to February 1, 2013, in Broomfield, Colorado, with more than 600 partner attendees from 31 countries. Oracle announced the launch of Oracle’s JD Edwards EnterpriseOne Health and Safety Incident Management

forecasting examples  Enhances JD Edwards EnterpriseOne at Its Partner Summit Perhaps the best examples of continuing innovation in the existing Oracle ERP product lines were some announcements at the Oracle JD Edwards Partner Summit 2013 . The event took place January 28 to February 1, 2013, in Broomfield, Colorado, with more than 600 partner attendees from 31 countries.  Oracle announced the launch of Oracle’s JD Edwards EnterpriseOne Health and Safety Incident Management solution , to help organizations reduce or 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 examples  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

ChainLink Research Releases New Demand Management Report


Have you thought about the fact that the math you are using for your forecasting process was developed in the 19th century? ChainLink did.

forecasting examples  are using for your forecasting process was developed in the 19th century? ChainLink did. Lots of data showing the reduction in forecast accuracy in certain industries, as well as the exciting changes in the industry, became the impetus to do the research and write this report, says Ann Grackin, author of the report Demand Management Technology Evaluation . This report covers Understanding Demand Management Needs Today New Innovation in Planning Data Analytics and Services Rapid Response Read More