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Documents related to » forecasting modeling scm


ToolsGroup Embeds Machine Learning Technology in Demand Forecasting
ToolsGroup, a provider of demand analytics and supply chain planning (SCP) software, claims to be the first vendor in its class to embed machine learning into a

forecasting modeling scm  was clear that conventional forecasting and modeling techniques could not scale to fully take advantage of this data. Therefore, the vendor developed and started deploying a machine learning engine (MLE) as an add-on to its standard product, and has since deployed about 10 implementations.   ToolsGroup has harnessed the power of machine learning to more accurately model demand in difficult forecasting scenarios such as trade promotions, new product introductions (NPIs), extreme seasonality, and product 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

forecasting modeling scm  CONSISTENT AND ALIGNED Most forecasting processes use simple spreadsheets. While this is fine for small local requirements, spreadsheets can cause problems when they need to be aggregated across and up the organization. It is also apparent that in large organizations, different units use different assumptions, algorithms, and software. This makes it difficult to combine and consolidate forecasts. Software vendors are now offering sophisticated models to enable large organizations to prepare forecasts and Read More
Reference Guide to Supply Chain Management (SCM) Features and Functions
This guide to supply chain management (SCM) functions/features will help you determine which SCM features are a high priority for your organization. Learn about

forecasting modeling scm  demand management module, collaborative forecasting must comply with process and data standards that have been validated by the Voluntary Interindustry Commerce Solutions (VICS) Council , RosettaNet , and other industry bodies that have modeled these processes for their industries. In addition, a collaborative software system must allow the ability for joint sharing and modeling of demand supply gaps between trading partners. It must allow trading partners to view, drive alternative solutions and Read More
ToolsGroup-Going Back to Its SCP Roots
What has ToolsGroup, the expert in demand-driven SCP, been doing to address demand and supply variability? Read P.J. Jakovljevic’s article and see how

forecasting modeling scm  sensing , and promotion forecasting ) as well as inventory optimization ( advanced inventory modeling , product mix optimization , multi-echelon postponement / staging optimization , lot size optimization ). These innovative and advanced technologies enable enterprises to improve and automate their planning processes. ToolsGroup has more than 200 customers worldwide (in 31 countries) and one of the highest customer retention rates in the industry. The company has experience working with manufacturers, 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,

forecasting modeling scm  | Forecasting Methods | Forecasting Modeling | Forecasting Process | Forecasting Software | Forecasting Techniques | Forecasting Tools | Forecasting Variables | Industry Forecasting | Inventory Forecasting | Load Forecasting | Market Forecasting | Marketing Forecasting | Prediction Accuracy | Production Forecasting | Regression Forecasting | Revenue Forecasting | Sales Forecasting | Seasonal Forecasting | Simple Forecasting | Statistics Forecasting | Supply Forecasting | Trend Forecasting | Weather Read More
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

forecasting modeling scm  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
Intentia''s Movex for Food and Beverage: Gaining a Foothold in North America Part Two: SCM and Other Functions
The SCM features of Movex should assist you in streamlining your operations to make them more efficient and cost-effective. Movex has meanwhile expanded its

forecasting modeling scm  traditional modules to facilitate forecasting (how much the product is needed), planning (where to make the product); and scheduling (what processes to use to make the product). However, because of its tight integration with the other modules, Movex not only provides a view from inside the four walls of the plant but also into some of its nooks and crevices. For example, internal integration with a computerized maintenance management system (CMMS) enables Movex to have visibility into resources and Read More
Accelerating the Speed of Intelligence for Fast and Flexible Forecasting: Engaging the Business for Better Results
Forecasting is changing from a top-down process to a bottom-up one. High-level targets may be useful starting points, but they must be combined with input from

forecasting modeling scm  Business for Better Results Forecasting is changing from a top-down process to a bottom-up one. High-level targets may be useful starting points, but they must be combined with input from line management and department heads before being rolled up into enterprise-wide financial goals. Some companies find it effective to “embed” members of the finance function within other business units. Read this white paper to find out more. Read More
DynaFlow Modeling & Workflow Solutions
DynaFlow Modeling and Workflow Solutions Inc., founded in 1997, focusses on the domains of enterprise modeling, workflow management, and knowledge management

forecasting modeling scm  Modeling & Workflow Solutions DynaFlow Modeling and Workflow Solutions Inc., founded in 1997, focusses on the domains of enterprise modeling, workflow management, and knowledge management, in relation to business re-engineering initiatives and ERP implementations. DynaFlow''s mission is to support total process management solutions such as Baan-DEM, target enterprise methodology, and its own EZ-Process product suite. Additionallly, DynaFlow focusses on modeling with respect to projects related to Read More
IBM & ILOG Matrimony: Good for BPM, Uncertain for SCM? -- Part 2
Part 1 of this blog topic analyzed IBM’s rationale to acquire ILOG to bolster its service-oriented architecture (SOA) and business process management (BPM

forecasting modeling scm  & ILOG Matrimony: Good for BPM, Uncertain for SCM? -- Part 2 Part 1 of this blog topic analyzed IBM ’s rationale to acquire ILOG to bolster its service-oriented architecture (SOA) and business process management (BPM) platforms. Eventually, with ILOG fully integrated, IBM hopes to establish the following: a leading rule repository and end-to-end rule lifecycle management; a full spectrum of rules definition and execution methods; maximum rules reuse – across all BPM initiatives, SOA initiatives, Read More
A Tale of a Few Good SCM Players - Part 4
Part 1 of this blog post series followed the genesis of Manhattan Associates from its inception in 1990 throughout the mid-2000s. During this time, Manhattan

forecasting modeling scm  with the former Retek Forecasting and Replenishment Planning product. However, that is no longer the case with JDA''s single synchronized view of demand that leverages demand across all JDA’s respective solutions and drives plans for the following: merchandise, assortment, promotions, replenishment, transportation, and labor. Oracle’s executive begrudgingly admits to JDA giving Oracle Retail a run for its money of late,  especially with JDA''s essential link between retailers and consumer packaged Read More
A Tale of a Few Good SCM Players - Part 1
Throughout the late 1990s and the mid-2000s, Manhattan Associates was the epitome of a well-managed supply chain management (SCM) software company in terms

forecasting modeling scm  the following: Planning and Forecasting, IO, Order Lifecycle Management, Transportation Lifecycle Management, and Distribution Management. The unified platform approach aims to ease upgrades, extensions, and optimization. At the same time, Manhattan introduced  X-suite Solutions (currently consisting of Flow Management and Extended Enterprise Management ) to address complex cross-functional business issues, such as collaborating with trading partners to efficiently communicate and ensure goods move Read More
Financial Planning, Budgeting, and Forecasting: Managing in Uncertain Economic Times
New economic conditions are driving companies to become increasingly cautious about the near future. But focusing on improving flexibility to dynamically

forecasting modeling scm  Planning, Budgeting, and Forecasting: Managing in Uncertain Economic Times New economic conditions are driving companies to become increasingly cautious about the near future. But focusing on improving flexibility to dynamically account for change shifts focus away from budget accuracy—putting you at risk of falling short of shareholder expectations. To achieve best-in-class status, you must plan, budget, and forecast more efficiently for improved agility, accuracy, and corporate performance. Read More
Best Practices for Budgeting, Forecasting and Reporting
Corporate budgeting, forecasting, and reporting presents a formidable challenge to most companies, regardless of size or industry. Companies that are able to

forecasting modeling scm  Practices for Budgeting, Forecasting and Reporting Corporate budgeting, forecasting, and reporting presents a formidable challenge to most companies, regardless of size or industry. Companies that are able to address budgeting obstacles and improve their process will not only be rewarded with more accurate budgets, more timely re-forecasts, and improved decision-making, but also foster a disciplined financial management culture that will deliver a true competitive advantage Read More

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