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 mrp forecasting accuracy methods

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

Documents related to » mrp forecasting accuracy methods

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, as it did not have the ability to accurately forecast customer demand. But with forecasting and demand planning software that increased forecast accuracy, the company has nearly doubled its sales over the past four years, while keeping inventory levels constant.

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Inflation’s Demise: The Impact on Business Informa


Enterprise Resources Planning (ERP) business models and information systems originated in the 1970s and 1980s, an inflationary period. They addressed business priorities that were strongly influenced by inflation. Many manufacturers are now confronting worldwide price stability, or even deflationary pressure, and can

mrp forecasting accuracy methods  created by limited capacities. MRP-II and APS tools are designed to maximize the utilization of existing capacity through improved coordination of individual production and procurement activities, without necessarily improving efficiencies or yields. ABC and TQM are essentially diagnostic tools for identifying the root-causes of inefficiencies and defects, and enable management to monitor the effectiveness of corrective actions. Used together, these tools allow management to wring maximum productivity Read More

Oracle E-Business Suite (12.1) for Process ERP Systems Certification Report


Oracle E-Business Suite (12.1) is now TEC Certified for online comparison of process manufacturing enterprise resource planning (ERP) systems in TEC's Evaluation Centers. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

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Demand-driven Versus Traditional Materials Requirement Planning


Material requirements planning is a system that strives to plan replenishment just before a withdrawal from stock, which does not work in some manufacturing environments.

mrp forecasting accuracy methods  customers using purely traditional MRP methodology are often unable to meet the demands for agility and responsiveness that consumers at the end of the supply chain are requesting. To make things worse, with product life cycles decreasing, it means that manufacturing and distribution are increasing in complexity. For the manufacturer, this translates into a need to better manage customer demands and expectations, and to respond accordingly. With ever shorter product life cycles in fashion due to shifts Read More

Inventory Management Technology Strategies for Distribution


Inventory has been—and continues to be—the lifeblood of the distribution marketplace. While many companies are slow to adopt new strategies and technologies, a growing number of distributors are leveraging inventory practices to improve key metrics like customer retention, gross margins, and inventory turns. Read these research survey findings to find out how you can make better inventory management technology decisions.

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Endeca Information Discovery


Oracle business intelligence (BI) tools and technology provide a broad set of capabilities for reporting, analysis, modeling, and forecasting. The Oracle solution makes BI actionable by providing business users the ability to initiate actions directly from their dashboards.Oracle Endeca Information Discovery is an enterprise data discovery platform for advanced, intuitive exploration and analysis of complex and varied data—whether structured, semi-structured, or unstructured.

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Managing Risks, Managing Measures: Decision Support Methodologies in Business Part 1: Guidelines


Poor measurement methods can take off millions or more from bottom lines, and contribute at least in part to project failures, corporate inefficiencies and poor technology selections. Industry wide, they have contributed to tens of billions of dollars of unnecessary costs. How do you avoid these expensive mistakes?

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5 Methods for Managing Your Millennials


The millennial generation is having a large impact on today’s workforce. Including anyone born between 1980 and 2000, there were 80 million millennials in the United States as of 2012, and roughly half of them were already in the workforce. That percentage will only continue to grow, and smart companies are learning how to better handle this group of employees, as millennials differ from their baby boomer counterparts in how they approach their careers in many ways.

This white paper looks at 5 methods for managing your millennials, focusing on the motivations and work habits of this younger generation. Millennials are driven by collaboration, feedback, and reinforcement, and focus on the immediacy of tasks rather than longer-term goals. Employers may be used to the baby boomer generation, where the focus is on independent work and long-term goals, and scheduled feedback is more the norm. While millennials value transparency and a relaxed attitude, previous generations generally have a more formal view of the workplace and expect a rigid hierarchy of command.

At the root of the differences is that millennials are motivated by different factors than their predecessors. Thus management needs to adapt—but instead of the “millennial factor” being viewed as a negative trend and thus cause for alarm, this workplace demographic shift is best viewed as an opportunity to capitalize on the strengths of the younger generation of employees. Learn how to help your business thrive in this new climate with these 5 ways to manage your company’s millenials.

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Avercast


Headquartered in Rexburg, Idaho (US), Avercast, LLC provides inventory demand forecasting, distribution requirements planning (DRP) (including both DRP and material requirements planning [MRP] capabilities), and sales and operations planning software. Avercast software is designed to help companies increase inventory turns, improve customer service levels, and reduce overall inventory levels, planning time, stock-outs, and back orders. Avercast's Microsoft structured query language (SQL) database can be integrated into any enterprise resource planning (ERP) system.

mrp forecasting accuracy methods  and material requirements planning [MRP] capabilities), and sales and operations planning software. Avercast software is designed to help companies increase inventory turns, improve customer service levels, and reduce overall inventory levels, planning time, stock-outs, and back orders. Avercast''s Microsoft structured query language (SQL) database can be integrated into any enterprise resource planning (ERP) system. Read More

How to Select a Sales and Operations Planning (S&OP) System


Mature sales and operations planning (S&OP) is more than a sales forecasting or tactical planning tool. S&OP is a decision-making mechanism for aligning strategic plans with sales, operational, and financial plans. Download this TEC executive brief for pointers on selecting an S&OP system, information about how mature S&OP processes can help tackle critical business issues, and key S&OP system capabilities to look for.

mrp forecasting accuracy methods  to Select a Sales and Operations Planning (S&OP) System Mature sales and operations planning (S&OP) is more than a sales forecasting or tactical planning tool. S&OP is a decision-making mechanism for aligning strategic plans with sales, operational, and financial plans. Download this TEC executive brief for pointers on selecting an S&OP system, information about how mature S&OP processes can help tackle critical business issues, and key S&OP system capabilities to look for. 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.

mrp forecasting accuracy methods  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. Read More

TechRadar: Customer Analytics Methods, Q1 2014


Customer insights professionals are faced with tough decisions about which combination of methods will have the biggest impact on marketing and customer experience goals. And new techniques continue to emerge as the complexity of customer data increases. Forrester has identified 15 key customer analytics methods that customer insights professionals must master.

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Replacing Base-level Forecasting with Sense and Respond Demand Management


Significant changes are occurring in the global landscape that require a fresh look at one of the most important business processes in the supply chain—demand management. Companies that more accurately predict product demand and integrate a single view of demand into operational planning are poised to win in today’s competitive landscape. Read this white paper and gain strategic insights for accurate demand planning.

mrp forecasting accuracy methods  Base-level Forecasting with Sense and Respond Demand Management Significant changes are occurring in the global landscape that require a fresh look at one of the most important business processes in the supply chain—demand management. Companies that more accurately predict product demand and integrate a single view of demand into operational planning are poised to win in today’s competitive landscape. Read this white paper and gain strategic insights for accurate demand planning. Read More

Managing Risks, Managing Measures: Decision Support Methodologies in Business Part 2 : Decision Aids


Though many academic methods exist, few actually reach the audience they need to reach because of the barrier between academic and business languages, as well as the ability to produce workable and usable tools. This article summarizes what I believe are the methodologies most used in Business, and some of the tools that are commercially available.

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More Than Just Email Filtering


The evolving sophistication and rapid proliferation of email-borne threats advance too quickly to be countered with conventional e-mail security methods. Organizations must deploy e-mail security solutions that are complete and include several complementary features to be effective and manageable. This white paper will focus on the features of an effective email security system and the technology addresses these requirements.

mrp forecasting accuracy methods   Read More