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 forecasting methodology

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 methodology

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 methodology  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

Finding the Right BPM Solution-and Making It Work for You


In a previous blog post, I discussed the importance of data management capabilities of a business intelligence (BI) solution. To recap briefly, the Pareto chart below reveals the most sought-after functionalities of BI software solutions according to TEC data, with data management and business performance management (BPM) coming out on top. Now let’s discuss the second most popular functionality

forecasting methodology  analysis . Predicting and forecasting are becoming prominent capabilities for any organization. Those organizations that base their decision making on mining of historical and real-time data, as well as forecasting may quickly see a competitive advantage. In addition, those with online analytical processing (OLAP) capabilities can analyze data from different perspectives, and gain significant insights. 4.  Financial modeling . Organizations may need to model their financial cycles and procedures. This Read More

Mr Price Selects JustEnough Software


JustEnough Software Corporation, a provider of demand management solutions for retail, wholesale, and direct-to-consumer businesses worldwide, recently announced that Mr Price Group, a retailer of apparel, homeware, and sportsware, has selected JustEnough’s Merchandise Financial Planning, Assortment Planning, Demand Forecasting, Inventory Planning, Allocation, and Replenishment modules. One of the

forecasting methodology  & Fitch , sales forecasting at Kraft Foods , inventory planning for Nissan , and mobile sales force automation at SAB Miller, Cadbury , and Heineken . Mr Price is another great recent win for JustEnough, which has lately also been selected by Golfsmith, Alco Stores , and Lucky Vitamin . Below are some of the reasons JustEnough wins over its “usual suspect” competitors, JDA Software, SAP , and Oracle : ease-of-use – a Microsoft Excel -like interface drives quick user adoption; single architecture Read More

Impressive Enterprise Resource Planning Solution Gets A Little Help From Its Friends


Despite impressive product depth and breadth (for instance, customer relationship management [CRM], workflow, traceability, and quality management are provided natively), Strategic Systems International (SSI) has longstanding partnerships with several best-of-breed specialists.

forecasting methodology  inventory as difficulties in forecasting demand. Any attempt to reduce inventory must also focus on managing the supply chain, and key to managing the supply chain is the ability to manage suppliers and their lead times. Most good ERP packages record supplier performance data, but few include pre-built supplier performance analysis. Often this is limited to a few reports, and to make most effective use of the data, expensive custom reporting suites have to be built around BI reporting tools. But using Read More

Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment


Small and medium businesses (SMB) need to address inventory challenges by using a tightly integrated approach that reflects the dynamics of the extended supply chain. Data must also be available to other application modules within the enterprise resource planning (ERP) system. An inventory optimization solution allows companies to effectively fulfill demand and identify how to gain additional profits from their inventories.

forecasting methodology  principles enabling more accurate forecasting at product component levels. Source : SYSPRO Resources Related to Reduce Inventory Levels in a Lean Environment : Lean Manufacturing (Wikipedia) Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment Lean is also known as : Lean , Lean Management , Lean Manufacturing , Lean for Service Industry , Process Improvement , Lean Manufacturing Lean Production , Lean Production , Lean Tools , Lean Software , Lean Innovations , Boost Read More

Dashboard Development and Deployment-A Methodology for Success


A dashboard is a vital tool for monitoring the daily health of your organization. From a single interface, decision makers have access to key performance indicators (KPI)—actionable information that can be used to effectively guide and track business performance. Successful implementation of a dashboard is complex and requires a step-by-step process using a methodology that considers all aspects of the project life cycle.

forecasting methodology  Development and Deployment-A Methodology for Success Dashboard Development and Deployment—A Methodology for Success If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. More than 1,200 customers worldwide use Noetix to quickly and cost-effectively access the enterprise application data they need to make important business decisions every day. Noetix provides software that automatically generates metadata from enterprise Read More

TEC Helps Major Paint Retailer Simplify Its Software Evaluation and Selection Using TEC Methodology


Kelly-Moore Paints, the largest employee-owned paint company in the US, recently engaged the services of software evaluation firm Technology Evaluation Centers (TEC) to help it select an enterprise resource planning (ERP) system to meet its growing needs.

forecasting methodology  Helps Major Paint Retailer Simplify Its Software Evaluation and Selection Using TEC Methodology TEC Helps Major Paint Retailer Simplify Its Software Evaluation and Selection Using TEC Methodology Kelly-Moore Paints Leverages TEC Selection Methodology to Help Select ERP System Read the Kelly-Moore Case Study Learn about TEC''s Evaluation and Selection-Based Solutions Montreal, QC, November 26, 2007 - Kelly-Moore Paints, the largest employee-owned paint company in the US, recently engaged the services of Read More

Implementing Plex Online: Pilot Part Methodology and Just-in-Time Training


Are you looking to implement an enterprise resource planning (ERP) system, but are afraid of time and IT resources needed—not mention the loss of employees during the training and implementation? Plex Online can help. Discover how Plex Online’s four-phase training process—piloting, testing, systems enhancements, and go-live—drives 98% customer satisfaction in Plex Online implementations—32% higher than the industry average.

forecasting methodology  Plex Online: Pilot Part Methodology and Just-in-Time Training Are you looking to implement an enterprise resource planning (ERP) system, but are afraid of time and IT resources needed—not mention the loss of employees during the training and implementation? Plex Online can help. Discover how Plex Online’s four-phase training process—piloting, testing, systems enhancements, and go-live—drives 98% customer satisfaction in Plex Online implementations—32% higher than the industry 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 methodology  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

Service Level Goal Strategy: Path to Profit


How can retailers maximize their return when investing in cutting-edge replenishment solutions? After all, if forecasting and purchasing decisions are driven by advanced math and logic, then surely there is little room for users to influence success? Actually, establishing a service-level goal strategy can blaze the path to profit for retailers looking to separate themselves from the competition.

forecasting methodology  solutions? After all, if forecasting and purchasing decisions are driven by advanced math and logic, then surely there is little room for users to influence success? Actually, establishing a service-level goal strategy can blaze the path to profit for retailers looking to separate themselves from the competition. Read More

Case Study: IAP Worldwide Services


IAP, a support services provider to the US Department of Defense and other federal customers, had to address the increasing challenges of forecasting and budgeting. Its old financial system required time-intensive data entry and lacked the functionality for detailed resource planning and reporting. Of all business analytics products, IAP found Cognos TM1 offered the speed, agility, and Web-based functionality it needed.

forecasting methodology  the increasing challenges of forecasting and budgeting. Its old financial system required time-intensive data entry and lacked the functionality for detailed resource planning and reporting. Of all business analytics products, IAP found Cognos TM1 offered the speed, agility, and Web-based functionality it needed. Read More

Smart Software for Service-level Driven Forecasting


The issue of forecasting intermittent demand has been one that has plagued companies forever. Many very smart people have tried to tackle it; many vendors like to say they focus on it. Few vendors make it as singular a focus as Massachusetts-based Smart Software. Principals Charles Smart, Nelson Hartunian (Ph.D.), and Thomas Willemain(Ph.D.) have been studying the issue for almost 30 years, have

forecasting methodology  Software for Service-level Driven Forecasting The issue of forecasting intermittent demand has been one that has plagued companies forever. Many very smart people have tried to tackle it; many vendors like to say they focus on it. Few vendors make it as singular a focus as Massachusetts-based  Smart Software . Principals  Charles Smart ,  Nelson Hartunian (Ph.D.) , and  Thomas Willemain(Ph.D.)  have been studying the issue for almost 30 years, have perfected their own proprietary forecasting method 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 methodology  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

Oracle Business Intelligence Suite Enterprise Edition


Oracle business intelligence (BI) tools and technology provide a broad set of capabilities for reporting, analysis, modeling, and forecasting, making BI actionable by providing business users the ability to initiate actions directly from their dashboards. The Oracle Business Intelligence Suite Enterprise Edition (EE) Plus is a comprehensive suite of enterprise BI products, delivering the full range of BI capabilities including interactive dashboards, full ad hoc, proactive intelligence and alerts, enterprise and financial reporting, real-time predictive intelligence, disconnected analytics, and more. In addition to providing the full gamut of BI functionality, the Oracle Business Intelligence Suite EE Plus platform is based on a proven, modern Web services–oriented architecture that delivers next-generation BI capabilities. :  

forecasting methodology  reporting, analysis, modeling, and forecasting, making BI actionable by providing business users the ability to initiate actions directly from their dashboards. The Oracle Business Intelligence Suite Enterprise Edition (EE) Plus is a comprehensive suite of enterprise BI products, delivering the full range of BI capabilities including interactive dashboards, full ad hoc, proactive intelligence and alerts, enterprise and financial reporting, real-time predictive intelligence, disconnected analytics, and Read More