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Documents related to » measure forecast accuracy


Optiant Going to a (Much) Better Place: Logility - Part 2
Part 1 of this series analyzed the late-March acquisition of long struggling inventory optimization (IO) provider Optiant by long well-performing supply chain

measure forecast accuracy  plan, manage, optimize, and measure their supply chain operations and strategic trading partner relationships for direct material procurement, production, logistics, and customer order fulfillment. Logility Voyager Solutions provides a performance-based architecture that allows companies to manage supply chain processes on an exception basis via a Web-deployed control tower or a supply chain portal. Companies can proactively monitor, alert, measure, and resolve critical supply chain events both within Read More
Continuous Improvement Case Study: Taking Baby Steps towards Tangible Benefits
To improve supply chain operations with a fresh look and new ideas, Harris Tea worked with a consulting firm, Supply Chain Consultants. The objective was to

measure forecast accuracy  planning production; and scheduling. Measure the capabilities of the business along these dimensions. Gap Analysis Provide a gap analysis that identifies a list of challenges, and highlights items critical to the businesses. Actionable Steps Prioritize a list of actionable steps that can be taken by the company to address the highest impact items from the gap analysis. SCC used a structured interview approach in meeting with executives, management, and others. They evaluated rules, responsibilities, Read More
Current Trends in Supply Chain Analytics Systems
Supply chain analytics is gaining popularity with organizations, as it is an effective mechanism to monitor and track supply chain performance. And with new

measure forecast accuracy  organizations that want to measure their performance against industry standards. Thus, the system should be able to capture data from various publications that publish KPI benchmark figures for various industries. 5. Predefined KPI models Organizations anticipate the benefits of out-of-the-box, predefined KPIs that are based on popular industry-standard supply chain models, such as the supply chain operations reference (SCOR) model. They believe that the out-of-the-box content will help save on Read More
A Modern Tale of Long (Supply Chain) Tails -- Part I
As a little kid growing up in former (and erstwhile happy) Yugoslavia and watching my elders, day in, day out, downing dozens of strong Turkish coffees with

measure forecast accuracy  percent of organizations still measure the weighted mean absolute percentage error (WMAPE), which is an appropriate key performance indicator (KPI) for a small number of items with high volumes and high demand forecast predictability (that form the “head” of the supply chain). But this metrics largely masks the forecast accuracy of slow-moving products that have low volumes and low demand forecast predictability (and that form the ever-longer “tail” of supply chains). Where Does the Tail Read More
Improving Supply Chain Effectiveness
Increased globalization, volatility in demand and commodity costs, regulatory requirements, and greater dependency on suppliers and other partners have

measure forecast accuracy  providing a more accurate measure of whether you are meeting your supply chain goals, the application can warn you of potential bottlenecks and identify new opportunities. Know Your Supply Chain Performance, at Any Time SAP BusinessObjects Supply Chain Performance Management provides you with much-needed visibility into supply chain processes such as order to cash. You stay clearly informed about performance metrics such as shipment reliability, perfect-order fulfillment, or supply chain cost (see Figure Read More
Supply Chain Event Management Software Evaluation Report
Supply chain event management or supply chain network systems are a class of solutions designed to monitor, notify, analyze, measure, and control business

measure forecast accuracy   Read More
Process Manufacturing: Industry Specific Requirements Part Three: Textiles
As with any manufacturing operation, process manufacturing has special system requirements such as formulas, unit of measure conversions, and packaging recipes.

measure forecast accuracy  materials; several units of measure (i.e. pounds, ounces, and liters) versus EA (each). There are, however, subtle differences. Process manufacturing is scalable. For example, if the formula calls for a 1,000 pounds of oranges but you only have 500 pounds, you can still make orange juice, just not as much. If you only have three tires, you are going to have wait for the fourth tire before the car can start rolling off the production line. In process, you tend make product in bulk or batches as in a vat Read More
Adobe Releases 2014 Digital Index Online Shopping Predictions
Adobe releases its 2014 Digital Index Online Shopping Forecast for this year’s holiday season, an important guide for senior marketing and e-commerce executives

measure forecast accuracy  U.S. retailers are reportedly measured by Adobe Marketing Cloud.)   Adobe data predicts the following (based on the analysis of aggregated and anonymous data of more than 1 trillion visits to 4,500 retail web sites over the last 6 years and 20 billion visits this October): Online prices will hit rock bottom on Thanksgiving Day, lower than on any other day during the holiday season. Record sales of $1.35 billion (USD) are expected on Thanksgiving Day, a 27% increase over last year. Sales on Cyber Monday Read More
A Modern Tale of Long (Supply Chain) Tails -- Part II
Part I of this blog series introduced the notion of long tails in modern supply chains. That blog post also introduced the vendor ToolsGroup and its solution

measure forecast accuracy  reach higher service levels (measured in percentages) at significantly lower average stock levels (measured in periods). In addition to the above-mentioned capabilities and the largest installed base, domain experience and recently acquired brand new customers in distribution-intensive verticals such as food, consumer packaged goods (CPG), durables, retail/wholesale, aftermarket parts, fashion and so on, I believe that ToolsGroup remains “best in class” by differentiating with its traditionally Read More
Process Manufacturing: Industry Specific Requirements Part One: Introduction
As with any manufacturing operation, process manufacturing has special system requirements such as formulas, unit of measure conversions, and packaging recipes.

measure forecast accuracy  materials; several units of measure (i.e., pounds, ounces, and liters) versus EA (each). There are, however, subtle differences. Process manufacturing is scalable. For example, if the formula calls for a 1,000 pounds of oranges but you only have 500 pounds, you can still make orange juice; just not as much. If you only have three tires, you are going to have wait for the fourth tire before the car can start rolling off the production line. In process, you tend make product in bulk or batches as in a vat Read More
Connect and Optimize: Microsoft Dynamics Solutions in Industrial Equipment Manufacturing
Leading industrial equipment manufacturers are using new technology strategies to improve accuracy in quotations and configurations, improve customer

measure forecast accuracy  industrial equipment manufacturers, manufacturing ERP, industrial ERP, quotation accuracy, industrial supply chain processes Read More
Kronos Launches Predictive Workforce Scheduling in Healthcare
Kronos has released a new forecasting application, Workforce Forecast Manager, available within the flagship Kronos Workforce Central suite of workforce

measure forecast accuracy  Launches Predictive Workforce Scheduling in Healthcare Kronos has released a new forecasting application , Workforce Forecast Manager , available within the flagship Kronos Workforce Central suite of workforce management (WFM) applications for healthcare organizations, that predicts fluctuating labor demand by leveraging historical volume data. Healthcare organizations can use this application to deliver a more accurate workload plan and build the foundation of a predictive scheduling process.   To Read More
How to Solve Printed Packaging Workflow Issues
Keeping track of the accuracy of packaging components in the pharmaceutical industry can be very challenging. It is important that every company be completely

measure forecast accuracy   Read More
Transforming Performance Management in an SAP Environment: Considerations for Finance
Finance professionals who plan, budget, and forecast in an SAP environment always need to drive additional value from their SAP solutions. One of the most

measure forecast accuracy  multi-currency, multiple units of measure, data hierarchies, aggregates, and variables, IBM Cognos 8 BI acts like a native extension to SAP BW. It retains the complete SAP BW metadata structure to provide continuity and integrity in reporting. IBM Cognos 8 BI can also handle multiple currencies, so users can easily see, group, and track the various currencies they work with and work in. SAP and IBM Cognos 8 Business Intelligence IBM Cognos 8 BI is the only reporting software product to be designed from Read More
Tax Compliance and the ERP System: Eliminate Error and Ensure End-to-end Compliance
A properly deployed ERP system handles tax compliance with accuracy and reliability, offering flexibility and functionality as your business grows. Learn more

measure forecast accuracy  tax compliance, tax automation, Avalara, sales tax, use tax, tax automation solution, ERP, tax management Read More

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