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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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 key success strategic planning model


10 Key Steps to Effective HR Succession Planning
Two forces are driving organizations to consider succession planning as a component of overall strategy: the aging workforce and a shortfall in labor skills

key success strategic planning model  time-to-fill metric is a key measure of success. How long does it take to fill positions with qualified applicants? While not directly a financial measure, the time to fill does translate into financial terms. Productivity is lost, and so are opportunities, when vacancies exist in today's right sized corporate settings. What Common Mistakes Are Made in Establishing Succession Planning, and How Can They Be Avoided? Many mistakes are commonly made in establishing succession planning programs. They are

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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.

Compare Now

Process Manufacturing (ERP)

The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today's leading ERP systems group all traditional company management functions (finance, sales, manufacturing, human resources) and include, with varying degrees of acceptance and skill, many solutions that were formerly considered peripheral (product data management (PDM), warehouse management, manufacturing execution system (MES), reporting, etc.). While during the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-Business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The old adage is "Such a beginning, such an end", and, consequently, many ERP systems' failures could be traced back to a bad software selection. The foundation of any ERP implementation must be a proper exercise of aligning customers' IT technology with their business strategy, and subsequent software selection. This is the perfect time to create the business case and energize the entire organization towards the vision sharing and a buy in, both being the Key Success Factors (KSFs). Yet, these steps are very often neglected despite the amount of expert literature and articles that emphasize their importance.    

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Documents related to » key success strategic planning model

The Strategic CFO


Financial pressures can strain even the most efficient and lean company. So forward-thinking companies should now turn to the chief financial officer (CFO). The strategic CFO is equipped with the tools, plans, and fiscal philosophy that can transform the CFO’s role into a strategic business asset. Discover the processes that allow the CFO to break away from the old paradigm toward better financial and risk management.

key success strategic planning model  analysis, and monitoring of key performance indicators linked to strategy. These processes therefore can also impact another Stage 3 element like internal (or external) benchmarking. However BPM can also impact items like strategic risk (Stage 4) while tax strategy and tax provisioning (Stage 2) can directly impact cash reserves and treasury functions (Stage 3). These types of dependencies show the complex nature of the enterprise financial framework. For that reason a phased approach to the Strategic Read More

Strategic Partners: Coming Together to Drive Decision Success


In today’s business environment, companies that used to compete with each other routinely form alliances to attain their business objectives. Find out how PMOLink, a business consulting firm, managed an enterprise resource planning (ERP) selection project for a client by joining forces with Technology Evaluation Centers (TEC). The end result: a best-match ERP system for the client—nine months ahead of schedule.

key success strategic planning model  TEC's extended evaluation, a key component of its methodology, enabled the project team to put together demonstration scripts that would facilitate the gathering of user's scores relating to their impressions of the shortlisted vendors' process delivery, feature and function capabilities, and cultural compatibility. Before bringing in the vendors for demonstrations, we needed a detailed analysis based on the hierarchical [request for proposal] RFP criteria set. These assessments formed an integral Read More

Executive Brief: 3 Key Success Strategies for Insurance, Banks, and Financial Services


Financial services organizations are always looking for ways to improve business processes to implement tighter control—and improve the bottom line. But finding new ways to boost efficiency is challenging. One strategy for success is to improve the use and allocation of resources in order to eliminate errors from duplicate data entry. Discover more about this strategy and two others, as well as how they can benefit you.

key success strategic planning model  Brief: 3 Key Success Strategies for Insurance, Banks, and Financial Services 3 Key Success Strategies for Insurance Banks and Financial Services If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader.   Established in 1993, Technology Evaluation Centers, Inc. (TEC) is the first web-native technology research enterprise. TEC provides decision support systems (DSS) that enable stakeholders to objectively identify the software products Read More

Supply Chain Collaboration: The Key to Success in a Global Economy


Outsourcing and global competition are forcing companies to transform their supply chains from linear processes into adaptive networks. Communities of customer-centric, demand-driven companies must share knowledge in order to adapt to changing markets, and respond to shorter life cycles. Discover how supply chain management (SCM) solutions can help your company create a truly adaptive and collaborative supply network.

key success strategic planning model  Chain Collaboration: The Key to Success in a Global Economy Supply Chain Collaboration: The Key to Success in a Global Economy If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. Supply Chain Collaboration – The Key to Success in a Global Economy Learn how you can transform traditional supply chains from linear, sequential processes into adaptive supply chain networks. Source : SAP Resources Related to Supply Chain : Supply Chain Read More

Strategic Planning Applications for Better Decision Making


Successful strategic planning relies on your ability to develop and evaluate alternative strategies to identify the most viable approach. But when the outcomes are dependent on complex systems that are difficult to predict, you might conclude that the unknowns are insurmountable. Avoid making decisions based on intuition—develop models using computer simulation for clearer pictures of the outcomes of your strategies.

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Adaptive Planning Recession Kit


A volatile economy demands superior financial planning and management. Adaptive Planning’s Recession Survival Kit is designed for planning during difficult times. It allows companies to quickly and successfully gain control of their financial outlook, evaluate the potential business and cash impacts of strategic and tactical actions, and reset financial plans to deal with a global downturn. And it goes live in under a week.

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Sales and Operations Planning: A Journey That’s Worth the Effort


In the consumer goods (CG) industry, there has been a notable focus on sales and operations planning (S&OP). This renewed interest is noteworthy because of the impressive benefits that have been attributed to S&OP. Research indicates that S&OP process improvements are a primary starting point for companies seeking to be more demand-driven. This white paper looks at the results of a survey of S&OP in the CG industry.

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Risks of Using Excel as a Financial Planning Tool


Structured planning can make all the difference to your business’s growth. But are you using the right tools? Spreadsheets may not be meeting your financial management and budget planning needs. Find out the risks of using spreadsheets as a planning tool, and how enterprise performance management can help consolidate your departments’ financial information and budgets to give you real-time views of business performance.

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Navtrack, Inc. Success Story




key success strategic planning model  Inc. Success Story Read More

Taking Sales and Operations Planning to the Next Level


Sales and operations planning (S&OP) is a business planning process owned by executives and senior management, with the key goal of creating realistic plans. However, one critical success factor that can easily get overlooked is that the “quality” of the entire S&OP process is only as good as the data and the detailed demand and supply plans that support it.

key success strategic planning model  senior management, with the key goal of creating realistic plans. However, one critical success factor that can easily get overlooked is that the “quality” of the entire S&OP process is only as good as the data and the detailed demand and supply plans that support it. Read More

Implementing Strategic Agility through Modular Architectures


This article focuses on the development of strategic agility as a capability that is built into the design of an architecture. The capabilities, the article argues, are matured through six stages that offer different levels of strategic agility. Strategic agility, once capitalized through modular architectures, enables a company to achieve greater speed and flexibility in information technology (IT) deliveries.

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2011 Trends Report: Enterprise Resource Planning (ERP)


Find out in guide to quickly fill you in on the 2011 Trends Report: Enterprise Resource Planning .

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Five Critical Points for ERP Implementation Success


Find out how your company can avoid ERP implementation problems inFive Critical Points for ERP Success*.

key success strategic planning model  ERP implementation. Discover five keys to ERP success right now. Download your PDF copy of Five Critical Points for ERP Success today! *Focus Executive Brief For assistance, please contact customer service. Hours: 8:00 AM to 5:30 PM EST. Phone: +1 514-954-3665, ext.367. Read More