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 forecasting variables scm

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 variables 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 commercially available demand forecasting product. The new technology has been proven to significantly improve forecast accuracy in major global customer installations.

forecasting variables scm  Machine learning takes demand forecasting to new heights because older technologies could not solve the difficult problem of measuring the impact of external stimuli on baseline demand. ToolsGroup’s demand modeling creates a reliable baseline, then uses machine learning to adjust the baseline by identifying the effect of stimuli and demand indicators at a detailed channel level. It analyzes all the relevant variables and the complex interactions among them in an automated fashion.   As ToolsGroup 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 ToolsGroup has developed sophisticated software that analyzes demand history across multiple dimensions, enabling companies to obtain more accurate forecasts and inventory targets for driving outstanding customer-service levels with less global inventory in their supply chains.

forecasting variables scm  in the area of forecasting trade promotions. Advertising and promotions are the main activities affecting the baseline demand and demand variability of most consumer packaged goods (CPG) companies. CPG companies spend up to 12 to 15 percent of their gross revenue on trade promotions and related trade funds for retailers. In a problem such as modeling trade promotions, determining their actual impact or “lift” is daunting. A large number of variables with complex interactions are buried in huge Read More

Planning and Allocation versus Replenishment: When Is Each the Best Strategy?


Assortment optimization, pricing decisions, and promotional activity fall flat if a product is not available for purchase. Out-of-stocks, overstocks, and markdowns drive down already strained profit margins. Replenishment, however, maximizes sales while minimizing inventory expense. By understanding replenishment, and planning and allocation, enterprise can determine the best strategies for addressing forecasting and inventory concerns, and improve profit margins.

forecasting variables scm  each period from the forecasting and replenishment between introduction and exit are extended as well. Transitioning from One Solution to the Other Not every item always shows clear signs as being best addressed by only one solution. Often, items will show characteristics that are best addressed by replenishment during one portion of its lifecycle and at other times be best addressed by P&A. Newly introduced items are often best supported by P&A. The attention to detail and focus on additional pricing Read More

How to Plan and Manage in Uncertainty and Volatility? Based on Reality and Facts, Duh! - Part 2


Part 1 of this blog series articulated the acute need to bring supply chain planning and execution together so that enterprises can react quickly in an informed and confident fashion. The Boston Red Sox' September 2011 collapse was used as a poignant example of how even the best long-term planning can be rendered useless if there is no responsiveness during crunch time. In general, if we know

forecasting variables scm  planning (DP) systems’ complex forecasting (i.e., management of the forecast) is perhaps more important than real-time “what if” planning and execution. But how many companies have the luxury of no inventory constraints these days? While all companies need to plan, the real problem to solve is responding profitably to actual demand, not the projected forecast. Since we know that the forecast was inaccurate by default, and therefore the plan was inaccurate, responding profitably to real demand Read More

Understanding and Managing Supply Chain Risk


As supply chains continue to grow in size and complexity, companies are focusing more of their energies on managing supply chain risk. While the topic is gaining prominence in boardrooms, many companies do not yet fully comprehend the risks they face. But understanding risk is the first step to managing it—and using the right IT tools can help. Learn what steps you can take to better address your supply chain risks.

forecasting variables scm  chain flexibility supply chain forecasting supply chain improvement supply chain information management supply chain integration supply chain inventory management supply chain issues supply chain logistics supply chain logistics management supply chain management supply chain management application supply chain management benefits supply chain management best practices supply chain management business supply chain management concepts supply chain management consulting supply chain management demand 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 variables scm  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

Financial Forecasting & Planning Summit - September 23/24, Mexico


Financial Forecasting & Planning Summit – September 23/24, Mexico. Don't miss out onrevolutionary trends shaping your industry at the Financial For...

forecasting variables scm  Forecasting & Planning Summit - September 23/24, Mexico Don''t miss out on revolutionary trends shaping your industry at the Financial Forecasting & Planning Summit . At this exciting, one-of-a-kind summit, you''ll learn how to positively engage senior leadership around financial forecasts and reviews, use the financial forecast as the vehicle to drive accountability for results, optimize the role of Financial Forecasting & Planning in your company, and develop an approach to a single repeatable Read More

Managing Vendor Code Customizations with AccuRev Stream-based SCM


Customizing third-party “vendor” source code is becoming increasingly common. But managing the incorporation of vendor application releases alongside customizations requires an additional layer of software configuration management (SCM) to integrate subsequent vendor releases. Traditional branch-based SCM tools require an unnecessarily complex branch-and-merge process. However, there is a more intuitive and efficient parallel development model for managing customizations to vendor code.

forecasting variables scm   Read More

Forecasting under Uncertainty Using Portfolio Navigator


The business models used to develop forecasts at the planning level can be relatively simple. Over time some of your products will exceed expectations, others will fail altogether. By assembling a portfolio of projects you can optimize the overall expected value of your product development process by balancing risk/reward. This white paper reviews some of the business models and analytic processes for better forecasting.

forecasting variables scm  under Uncertainty Using Portfolio Navigator The business models used to develop forecasts at the planning level can be relatively simple. Over time some of your products will exceed expectations, others will fail altogether. By assembling a portfolio of projects you can optimize the overall expected value of your product development process by balancing risk/reward. This white paper reviews some of the business models and analytic processes for better forecasting. 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 hardware base and has long added customer relationship management (CRM) modules.

forecasting variables 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

Retail SCM Software Trends and 2015 Predictions—Part One


TEC's P.J. Jakovljevic takes a look at the trends that will shape the retail supply chain in 2015 in this two-part series based on discussions with JDA Software, Manhattan Associates, E2open, Logility, and other notable SCM software players over the past few months.

forecasting variables scm  in-memory computing, especially within forecasting and demand planning/demand sensing products. Some vendors are also working on some machine learning tidbits, but that is only in the real early stages. Still, these business intelligence (BI) tools will definitely continue to be part of the conversation about big data in supply chain management down the track.   In part two of this blog series looking at trends in the SCM realm for 2015, I take a look at the changing role of the retail store, the role Read More

New Dimensions in EC and SCM Part 4: Using E-Procurement to Leverage Volume


A straightforward way to drive prices down and obtain increased supplier attention is to leverage total purchasing volume through Internet-based auctions. This part addresses the implications of using e-procurement to Leverage Volume, including leveraging volume through outsourcing.

forecasting variables scm  management, including product development, forecasting, procurement, scheduling, manufacturing, transportation, logistics, inventory management, and customer service. He has written and spoken widely about these topics in a number of industry conferences and publications. CCMI can be found on the Web at www.CCMIservices.com. Mr. Elliff can be reached at (703) 370-2607 or by e-mail at scott_elliff@CCMIservices.com . All materials CCMI 2001. Read More

Logility Accelerates SCM to ERP Integration


Logility Inc., a supplier of collaborative supply chain management (SCM) solutions, recently announced a template-based approach to reduce the cost and complexity associated with best-of-breed SCM to enterprise resource planning (ERP) integrations. Companies that turn to ERP providers for their SCM capabilities often find that they lack the depth and breadth of supply chain planning and

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Financial Forecasting: Room for Improvement for People, Process and Technology


Preparing an accurate forecast in this volatile business climate is challenging. Still, it is critical for businesses to be able to predict outcomes for the next month, quarter or year, and be able to respond quickly when the actuals vary significantly from the forecast. Forecasting may be equal parts art and science, but the most dialed-in enterprises report using a solid, collaborative process for generating accurate forecasts.

forecasting variables scm  significantly from the forecast. Forecasting may be equal parts art and science, but the most dialed-in enterprises report using a solid, collaborative process for generating accurate forecasts. Read More