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Documents related to » modeling forecast accuracy


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

modeling forecast accuracy  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 gained experience with the technology, it was able to decrease the footprint and increase the processing speed, reliability, and product standardization. It can now embed Read More
AspenTech Keeps on Enhancing aspenONE
Process industries often find the sophisticated software products from Aspen Technology (a.k.a., AspenTech) quite functional and useful in catering to their

modeling forecast accuracy  stands for Process Industry Modeling System) optimizes petroleum supply chain planning and scheduling by enabling planners to collaborate more easily to deliver optimal plans faster by visualizing and evaluating multiple scenarios along with plant data to make better and more profitable decisions A new version of Aspen Collaborative Demand Manager helps process manufacturers improve demand forecast accuracy to increase customer service levels, reduce excess inventory, and provide better input to 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,

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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

modeling forecast accuracy  and effective answer. Statistically modeling demand volatility across multiple dimensions (line-order quantities, order-line frequency, forecast error) enables ToolsGroup to handle long tail “lumpy” demand (along with less complex fast movers), very high service levels (e.g., over 99 percent), vertically-integrated or multichannel distribution, and new product introductions (NPIs) or seasonal changeovers.   Discussion with ToolsGroup’s Marketing Expert What follows now is an enlightening 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

modeling forecast accuracy  10. Predictive modeling Predictive modeling will help the system build relationships between various KPIs, based on the past transitional data. For example, the system should be able to find the correlation between forecast accuracy KPI data and the finished goods inventory data, based on past information. The system needs a predictive engine to perform such analysis. Once relationships between KPIs have been established, the system can store them, which will help users to perform root cause analyses. Read More
Living Systems Process Suite
The Living Systems Process Suite is a business process management (BPM) system for the modeling, execution, monitoring, and optimization of structured and

modeling forecast accuracy  (BPM) system for the modeling, execution, monitoring, and optimization of structured and unstructured processes. It provides business and IT professionals with tools to collaboratively design and improve goal-oriented processes. The software directly executes process models without requiring any coding. It automatically adapts the process path to changing business conditions and can help optimize process performance and fulfillment. Read More
10 Tips for Perfect (Nearly!) Inventory Accuracy
Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse

modeling forecast accuracy   Read More
The Shortcut Guide to Achieving Business Intelligence in Midsize Companies
This guide introduces you to the key concepts of business intelligence, including data modeling, data warehouses, online analytical processing (OLAP), and more.

modeling forecast accuracy  business intelligence, including data modeling, data warehouses, online analytical processing (OLAP), and more. The author debunks many of the prevailing myths that scare small to medium businesses from investigating the use of business intelligence, and explains how the very same techniques and technologies used by massive enterprises are now available to them. Read More
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

modeling forecast accuracy  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 Read More
5 Tips to Effective Compensation Management
Compensation management systems automate and manage the planning, modeling, budgeting, analysis, and execution of enterprise-wide compensation plans

modeling forecast accuracy  and manage the planning, modeling, budgeting, analysis, and execution of enterprise-wide compensation plans. Organizations that have invested in these systems cite a number of significant benefits. This field guide will explore five critical steps to ensure that you get the most out of your compensation planning investments. Read More
Data Mining and Predictive Modeling for Condition-based Maintenance
Today’s military logistics agencies must sustain diverse fleets of costly, complex, and indispensible weapon systems and platforms. Modern predictive

modeling forecast accuracy  Mining and Predictive Modeling for Condition-based Maintenance Today’s military logistics agencies must sustain diverse fleets of costly, complex, and indispensible weapon systems and platforms. Modern predictive maintenance solutions can integrate with existing IT infrastructures to collect and transmit data from various platforms to a centralized condition-based maintenance (CBM) database. Learn more about how these solutions enable better-informed decisions regarding specific maintenance actions. Read More
Business Process Management Notations within Business Process Management
Business process management notation (BPMN) is an initiative to increase standardization within process modeling. What are the principles of BPMN, and what is

modeling forecast accuracy  the latest standard for modeling business processes and Web services. The Business Process Management Initiative ( BPMI ) (www.bpmi.org) was established to develop, support, and encourage the use of BPMN. The BPMI Notation Working Group ( BPMN-WG ) worked for over two years to develop BPMN before its 1.0 release in May 2004. The primary goal of the BPMN initiative was to develop a standard notation methodology, understandable to all business people, throughout the process of defining, designing, 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

modeling forecast accuracy   Read More
Collaborative Demand Planning
In theory, demand planning is the foundation for profitable operations. But in practice, it is often a difficult endeavor. Accuracy can fluctuate wildly, and

modeling forecast accuracy   Read More
Llamasoft: Supply Chain Design, Modeling, and Analytics Across Product Lines
LLamasoft, long known for strong supply chain design expertise, says that “supply chain design, modeling and analytics” is the more appropriate way to think

modeling forecast accuracy  that “supply chain design, modeling and analytics” is the more appropriate way to think about this Ann Arbor, Michigan-based firm. Now the last independent supply chain network design firm, LLamasoft focuses on the supply chain execution (that is to say, not planning) side of things. Toby Brzoznowski  (co-founder and executive vice president) reports that the company is continuing to grow very fast, broaden its product lines, and invest heavily in R&D. Which is, after all, what you would expect Read More

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