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 mrp statistical forecasting

Browse RFP templates

Visit the TEC store for RFP templates that can save you weeks and months of requirements gathering, and help ensure the succes of your software selection project.

Browse Now
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

Business Intelligence (BI)

Business intelligence (BI) and performance management applications enable real-time, interactive access, analysis, and manipulation of mission-critical corporate information. These applications provide users with valuable insights into key operating information to quickly identify business problems and opportunities. Users are able to access and leverage vast amounts of information to analyze relationships and understand trends that ultimately support business decisions. These tools prevent the potential loss of knowledge within the enterprise that results from massive information accumulation that is not readily accessible or in a usable form. It is an umbrella term that ties together other closely related data disciplines including data mining, statistical analysis, forecasting, and decision support. 

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Documents related to » mrp statistical forecasting

Sales and Operations Planning Part One: Identifying and Forecasting Demand


An effective sales and operations planning game plan results in fewer stock-outs, shorter delivery lead-times, higher on-time shipping percentages, a manageable amount of expediting, and improved customer service. Several guidelines are suggested to improve a firm's sales and operations planning process and the effectiveness of each product's game plan. This is an excerpt from the book Managing Your Supply Chain Using Microsoft Navision.

mrp statistical forecasting  replenishment method based on MRP logic. Other Sources of Demand Visibility of all demands is critical to formulating an effective S&OP game plan. Surprise demands can cause shortages that impact customer service or production and result in expediting. Some sources of demand may need interpretation or alternative ways to express the demand, as illustrated in the following examples. Customer Schedules . Customer schedules represent a combination of sales orders (in the near-term) and forecast (in the Read More

Nine Ways to Use ERP to Make the Manufacturing Supply Chain Lean


There are entire books and thorough training and certification processes devoted to lean supply chain practices. But within any manufacturing environment, there are a few relatively simple steps that will help any enterprise make its supply chain lean. In this article, we will touch on these simple measures—measures that any company can take.

mrp statistical forecasting  operate with one single MRP process. Consider that company that manufactures in a make-to-stock (MTS) mode, whose executives feel that this single MTS enterprise system is adequate for their needs. This attitude is fine—if a manufacturer has a stable, predictable demand for all of its products. But in reality, few manufacturers have the luxury of flat demand. More often the rule of Pareto is applicable. This rule suggests that 20 percent of products have a stable demand, and you can manufacture Read More

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 statistical forecasting  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

SAP for Chemicals: A Packaged Solution for Mid-market Companies


Packaged solutions for the chemicals industry are available from SAP and selected partners. Still, given a number of other viable solutions, prospective users will have to decide whether SAP would indeed be the best solution without the packaged option.

mrp statistical forecasting  and material requirements planning [MRP]), and then going through product development (recipe management, customer collaboration, and quality management [QM]), procurement, manufacturing, and sales and distribution. The process loop closes with financials and controlling (the flagship SAP FI/CO module, which features product cost controlling, profitability analysis, and overhead cost controlling). About the Authors Predrag Jakovljevic is a principal analyst with Technology Evaluation Centers (TEC), with Read More

Trends Affecting Manufacturers and ERP Part Three: Four More Trends


The evolution of ERP systems has been driven by the emergence of new business practices and information technologies. These have been supported by the growing maturity of the manufacturing profession, and by the evolving development of commercially available software packages. This is an excerpt from the book, Maximizing Your ERP System.

mrp statistical forecasting  Many ERP systems employ MRP logic as the primary engine for coordinating supply chain activities. Advanced planning and scheduling (APS) logic represents a major change from traditional MRP logic for scheduling purposes. To explain the differences, it helps to understand the starting points of MRP logic and APS logic. MRP logic uses backward infinite scheduling to explode demands for make items through the bills and generate production schedules. It assumes infinite resource capacity and no material Read More

Roadmap Technologies


Roadmap Technologies provides advanced forecasting, data mining and collaborative planning software. The company began helping pharmaceutical, consumer goods, and technology companies in 1988. Roadmap software has been deployed in apparel, consumer electronics, defense and aerospace, energy, technology and telecommunications. Roadmap is based in Beverly, Massachusetts, USA.

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Best Practices in Demand and Inventory Planning for Chemical Companies


Supply chain planning involves functions such as demand forecasting and planning, distribution inventory planning, and plant capacity planning and scheduling. The right mix of strategy, education, and systems can have a very high impact on a manufacturer’s overall operations—and ultimately its bottom line. Understand how supply chain functions such as demand and inventory planning can positively impact your company.

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Meet Sage Inventory Advisor in the Cloud


Sage recently announced the general availability of Sage Inventory Advisor, a new cloud forecasting and planning solution that integrates with Sage enterprise resource planning (ERP) systems to provide companies with a daily diagnostic of inventory, reduce time spent on forecasts, and resolve the optimal investment required to achieve target fill rates. As a cloud-based subscription service, Sage

mrp statistical forecasting   Read More

Terra Technology


Terra Technology's real time forecasting (RTF) solutions use pattern recognition mathematics to monitor daily demand signals. RTF is compatible with demand planning solutions from major enterprise resource planning (ERP) and supply chain vendors, including Manugistics, SAP, and i2 Technologies. The company's real time inventory (RTI) offering is a multi-echelon inventory optimization solution which includes the following capabilities: daily inventory target updates; full integration with conventional planning systems; inventory calculation using actual demand (not average demand); measurement of actual error over actual lead time; calculation of in-season and out-of-season lead-time difference for high volume stock-keeping units (SKUs); automatic adjustment for shutdowns; and rich modeling of time-phased equipment constraints across multiple SKUs.

mrp statistical forecasting  terra technology,real time forecasting,real time forecast,terra tech,terra technologies,manufacturing forecasting,strategy forecasting,sap supply chain,solution supply chain,integration supply chain,supply chain erp Read More

Medical Device Manufacturer Manages Efficient Operation with Sage ERP X3


UreSil, a manufacturer of specialized health care products, feared its legacy manufacturing resource planning (MRP) software was hindering efficiency and compliance. The Sage ERP X3 enterprise resource planning (ERP) came to the rescue, and after a formal ERP training program, full implementation required only one week. All processes, including tracking and inventory, are now streamlined, flexible—and compliant.

mrp statistical forecasting  legacy manufacturing resource planning (MRP) software was hindering efficiency and compliance. The Sage ERP X3 enterprise resource planning (ERP) came to the rescue, and after a formal ERP training program, full implementation required only one week. All processes, including tracking and inventory, are now streamlined, flexible—and compliant. Read More

Financial Forecasting and Planning Summit, London UK, June 2-3, 2011


Financial Forecasting and Planning Summit, London UK, June 2-3, 2011. If you're interested in learning about the latest innovations in financial pl...

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Forecasting under Uncertainty Using Portfolio Navigator


The business models used to develop forecasts at the planning level can be relatively simple. Over time some of your products will exceed expectations, others will fail altogether. By assembling a portfolio of projects you can optimize the overall expected value of your product development process by balancing risk/reward. This white paper reviews some of the business models and analytic processes for better forecasting.

mrp statistical forecasting  SmartOrg Portfolio Navigator,portfolio management,forecasting,Value Map,business development Read More

Connected Intelligence: An Aspiring Approach to Planning and Reporting


Most companies are not operating at a high-quality financial management. Budgeting is slow, re-forecasting is infrequent, monthly reports lack key information, and what-if analyses are incomplete or impossible. With Adaptive Planning, companies can elevate their financial management by creating better connections—within financial plans and reports, between organizations and teams, and among professionals across the globe.

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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.  

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LTT Planner


LTT Planner includes modules for demand forecasting, inventory planning, master production scheduling, distribution requirements planning, and daily actionable report generation.      

mrp statistical forecasting   Read More