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 forecasting variables

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.

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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 variables

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  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

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  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

The Demand-Driven Supply Chain and Demantra


Demand-driven supply chains focus on pulling demand and maximizing effectiveness and profitability while traditional supply chains push products and create efficiencies. This difference is the key to improving all supply chain processes and generating significant cost savings and growth.

forecasting variables  leverage accurate customer level forecasting to drive production and inventory management. Gulistan needed to model product and distribution channels and to forecast and analyze data at all levels of aggregation. They chose Demantra''s Demand Planner. It provides Gulistan with forecasts at the customer level, factoring in key variables such as seasonality, trends, cannibalization and life-cycle management. Complex decisions regarding new product phase-in and product obsolescence are now made based on Read More

Beware Supply Chain Excel Users (You Are Doomed!)


Last week, I attended a supply chain management (SCM) user conference in Florida. The main objective of the user conference was to help users learn and share experiences to eliminate business pains faced either due to lack of technology or business processes. MS Excel, was proudly mentioned in many of the conversations I had with supply chain professionals. It felt like SCM professionals were

forecasting variables  product. Demand Planning / Forecasting:   Planners and forecasters rely on Excel to provide insight on changes in demand at any given time within a specified period. Supply chain professionals don’t realize that demand planning is a collaborative process among internal and external parties but also very dynamic in nature. Excel cannot provide the planner the actual demand for the customer, product, or part. Excel lacks the collaboration, visibility, and “what if” analysis needed to generate a 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  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

Fast-growing Company, Mayflex, Chooses IBM Cognos Express to Deliver Essential Business Intelligence and Planning Capability


Read about how Mayflex used IBM Cognos Express to replace a complex spreadsheet system, improve time-consuming budgeting and forecasting processes, compare actuals against budgets at various levels, and save time for end users through automatic system updates.

forecasting variables  improve time-consuming budgeting and forecasting processes, compare actuals against budgets at various levels, and save time for end users through automatic system updates. Read More

Budgeting: Beyond Spreadsheets


Financial planning, budgeting, and forecasting can be an endless and arid process for business professionals. Spreadsheet-based planning can prove to be confusing and unorganized, which only costs the company more time and money. IBM's Cognos software can help not only reduce the time spent on planning processes, but also build complex business models and perform ‘what if’ scenarios, enhancing strategic decision making.

forecasting variables  Financial planning, budgeting, and forecasting can be an endless and arid process for business professionals. Spreadsheet-based planning can prove to be confusing and unorganized, which only costs the company more time and money. IBM''s Cognos software can help not only reduce the time spent on planning processes, but also build complex business models and perform ‘what if’ scenarios, enhancing strategic decision making. Read More

Demand Management RFI/RFP Template


Promotion Planning, Pricing and Profit Optimization, Forecasting, Merchandise Planning, Life Cycle Planning, Consensus Planning,Collaborative Planning, Sales and Operations Planning (S&OP), Vendor Managed Inventory (VMI) Replenishment, Event Planning, Metrics and Reporting, Demand Management Systems Architecture, Product Technology

forecasting variables  Pricing and Profit Optimization Forecasting Merchandise Planning Life Cycle Planning Consensus Planning Collaborative Planning Sales and Operations Planning (S&OP) Vendor Managed Inventory (VMI) Replenishment Event Planning Metrics and Reporting Demand Management Systems Architecture Product Technology   This functional and technical requirement set template covers industry-standard functional criteria of Demand Management that can help you easily gather and prioritize your business needs in a simple Read More

PSI Planner


PSI Planner is a supply chain planning system designed for Windows operating systems. It features integrated sales forecasting, distribution requirements planning, material requirements planning, and master production scheduling modules. PSI Planner is targeted toward small-to-mid-sized manufacturers, distributors, and retailers in all industries worldwide.  

forecasting variables  It features integrated sales forecasting, distribution requirements planning, material requirements planning, and master production scheduling modules. PSI Planner is targeted toward small-to-mid-sized manufacturers, distributors, and retailers in all industries worldwide. Read More

How Best-in-class Plan, Budget, and Forecast in Today’s Dynamic World


Prospects for the global economy remain precarious. But effective financial planning, budgeting, and forecasting can enable successful decision making even in periods of unprecedented change. Dynamic financial planning enabled through five key elements—process, organization, knowledge management, technology, and performance management—give business leaders the tools to take action and emerge even stronger. Find out how.

forecasting variables  financial planning, budgeting, and forecasting can enable successful decision making even in periods of unprecedented change. Dynamic financial planning enabled through five key elements—process, organization, knowledge management, technology, and performance management—give business leaders the tools to take action and emerge even stronger. Find out how. Read More

PEER Planner


The PEER Planner forecasting system runs under Windows, and gives enterprises the tools needed to coordinate plans and develop forecasts. Features of the product include automatic baseline forecasts, centrally developed and distributed by customer account, region; forecast error tracking for multiple views via "at-a-glance" graphical views; judgemental overrides of units and revenues; and field sales composites track input from the sales team or customer. It also includes promotion and event management to help determine the impact of promotions; safety stock analytics; and replenishment planning for "just-in-time" inventory management.  

forecasting variables  Planner The PEER Planner forecasting system runs under Windows, and gives enterprises the tools needed to coordinate plans and develop forecasts. Features of the product include automatic baseline forecasts, centrally developed and distributed by customer account, region; forecast error tracking for multiple views via at-a-glance graphical views; judgemental overrides of units and revenues; and field sales composites track input from the sales team or customer. It also includes promotion and event 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 variables  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

The Competitive Advantage of Business Intelligence Forecasting and Predictive Analysis


Technology and new business intelligence solutions have made it possible for the average enterprise to leverage complex predictive analysis using simple, intuitive tools. Predictive analysis is key to the competitive success of an organization, and the enterprise that is privy to clear and concise product, customer, sales, and market predictions will always have the competitive advantage in its market of choice. Find out how.

forecasting variables  Advantage of Business Intelligence Forecasting and Predictive Analysis Technology and new business intelligence solutions have made it possible for the average enterprise to leverage complex predictive analysis using simple, intuitive tools. Predictive analysis is key to the competitive success of an organization, and the enterprise that is privy to clear and concise product, customer, sales, and market predictions will always have the competitive advantage in its market of choice. Find out how. 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 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.

forecasting variables  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