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 prediction accuracy

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.

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Documents related to » prediction accuracy

How to Improve the Accuracy of Your Forecasts


Increased competition, lower margins, and more customer demands mean that distributors have to provide better product availability and more services with fewer profit dollars. To accomplish this, estimates of future use of stocked items must be as accurate as possible. Discover how analyzing weighted averages, trend factors, and other formulas can help you accurately anticipate—and manage—future demand for your products.

prediction accuracy  Cleansing , Demand Forecast Prediction , Determine Demand Forecast , Forecasting Needs , Retail Demand Forecasting , Time Series Forecasting , Define Demand Forecasting , Demand Forecasting Excel , Demand Planning , Article on Demand Forecasting , Demand Forecasting Activity , Increase Forecast Accuracy . Helping Distributors Maximize Business Potential Through Education and World-Class Technology From Microsoft Business Solutions Our goal is to help distributors reach their maximum business potential by Read More

Identifying the ROI of a Software Application for SCM Part 3: Performing the Data Analysis


By using software tools that help you forecast and work together with others inside your organization, and even with your customers, the forecasts may become more accurate. You can make an assumption on how much improvement might be possible. This part discusses the challenge of performing the data analysis.

prediction accuracy  held accountable for the prediction - Just give us the bottom line! After a quick look at these issues, one might question the effort to undertake the analysis to predict an ROI, as well as the validity of the outcome. Perfect, or even complete, information may not be feasible, but if a few basic principles are followed, some analytical work can provide an understanding of the potential for bottom line impact. It can also yield insight into the root causes of undesirable symptoms from which your Read More

Should interBiz Mean Intelligence And Prediction Beyond ERP? - Part 2: Challenges and Market Impact


InterBiz remains one of the most widely used of the upper-mid-range ERP vendors. It has done much to rejuvenate its acquired enterprise applications arsenal. What remains is disseminating a clear message on which market the combined set of products has been targeting.

prediction accuracy  interBiz Mean Intelligence And Prediction Beyond ERP? Part 2: Challenges and Market Impact P.J. Jakovljevic - December 10, 2001 Event Summary  In October and November, interBiz, the eBusiness applications division of Computer Associates International, Inc. (NYSE: CA), expanded its back-office solutions with the announcement of product enhancements and a free benchmarking service. The announcements were: A free benchmarking service for businesses in durable goods industries General availability of MK Read More

The Truth about Data Mining


It is now imperative that businesses be prudent. With rising volumes of data, traditional analytical techniques may not be able to discover valuable data. Consequently, data mining technology becomes important. Here is a framework to help understand the data mining process.

prediction accuracy  classification techniques), or the prediction of continuous values (as in regression techniques). 3. Assessment The final step is the assessment of the data mining model. A prudent approach to data mining is to build several models. This is done either by applying multiple algorithms to the same dataset, or by building multiple models by tuning the same algorithm until the desired level of accuracy is achieved. Predictions against the model can be compared to known results to arrive at a measure of 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, 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.

prediction accuracy  | Marketing Forecasting | Prediction Accuracy | Production Forecasting | Regression Forecasting | Revenue Forecasting | Sales Forecasting | Seasonal Forecasting | Simple Forecasting | Statistics Forecasting | Supply Forecasting | Trend Forecasting | Weather Forecasting | SCM Forecast Accuracy | SCM Forecasting | SCM Calculating Forecast Accuracy | SCM Demand Forecast Accuracy | SCM Measure Forecast Accuracy | SCM Review Forecasting Accuracy | SCM Forecast Accuracy Improvement | SCM Forecasting Accuracy Read More

Case Study: Envision Credit Union


In 2006, Envision Credit Union’s new chief financial officer (CFO) was looking to improve the visibility, efficiency, and accuracy of the company’s accounting and finance functions. Find out how a new business intelligence (BI) and analytics solution helped Envision reduce administrative costs, increase the average amount of overnight cash investments, and improve operational visibility, without adding staff.

prediction accuracy  Study: Envision Credit Union In 2006, Envision Credit Union’s new chief financial officer (CFO) was looking to improve the visibility, efficiency, and accuracy of the company’s accounting and finance functions. Find out how a new business intelligence (BI) and analytics solution helped Envision reduce administrative costs, increase the average amount of overnight cash investments, and improve operational visibility, without adding staff. Read More

Boosting Marketing ROI with Predictive Analysis: Six Keys to Unlocking the Value


For those who haven’t yet taken the plunge, the time has come: Predictive analysis will become a competitive necessity by the end of this decade. This is primarily thanks to its capacity for turning customer intelligence into actionable information for improving the accuracy and efficiency with which organizations target specific customers and prospects—effectively lowering the cost of marketing campaigns.

prediction accuracy  Marketing ROI with Predictive Analysis: Six Keys to Unlocking the Value For those who haven’t yet taken the plunge, the time has come: Predictive analysis will become a competitive necessity by the end of this decade. This is primarily thanks to its capacity for turning customer intelligence into actionable information for improving the accuracy and efficiency with which organizations target specific customers and prospects—effectively lowering the cost of marketing campaigns. Read More

How to Pick the Best Master Data Management Solution for Your Organization


Inadequate data management, the result of a system that hasn’t been properly integrated—or that can’t be integrated—has serious ramifications on customer management and service, especially in financial services and health care. Master data management (MDM) solutions allow key customer data integration. Accuracy is one of the four elements vital to the success of MDM. Before implementation, learn about the other three.

prediction accuracy  to Pick the Best Master Data Management Solution for Your Organization Inadequate data management, the result of a system that hasn’t been properly integrated—or that can’t be integrated—has serious ramifications on customer management and service, especially in financial services and health care. Master data management (MDM) solutions allow key customer data integration. Accuracy is one of the four elements vital to the success of MDM. Before implementation, learn about the other three. Read More

Order Forecast Collaboration: Benefits for the Entire Demand Chain


When raw materials providers, manufacturers, and retailers work together to calculate future order needs, they can all act on the best information available. Successful order forecast collaboration requires all members to share risks if forecasts vary, and to discuss issues as they arise. Accurate order forecasts drive sales increases, inventory decreases, and better decisions. With so many benefits across the entire demand chain, shouldn’t you look into order forecast collaboration with your partners?

prediction accuracy  Forecast Collaboration: Benefits for the Entire Demand Chain Order Forecast Collaboration: Benefits for the Entire Demand Chain If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. RPE is one of the only consulting companies to offer strategic, functional and technical expertise focused exclusively on the retail industry. Our global technology skills, capacity to deliver results and collaborative approach are key assets that help Read More

How Inventory Optimization Can Increase Your Profitability


One of the largest expenses for distributors and wholesalers is stock. Many have difficulty finding the perfect balance between ensuring products are available when they’re needed and not holding too much inventory. So, how is it possible to increase profitability while lowering inventory costs? By exploiting an inventory optimization system, businesses increase automation and collaboration—allowing greater profitability.

prediction accuracy  Inventory Optimization Can Increase Your Profitability IBS is a world-leading supplier of business systems and supply chain management solutions to distribution and manufacturing companies. We generate measurable value by helping our customers utilize our solutions for distribution, warehouse control, manufacturing, supply chains and inventory management. Inventory optimization is the area where most ERP software implementations normally get the highest and fastest Return on Investment (ROI). Source: Read More

Customer Success Story: Batchmaster Helps Provide a Rosier Future for Raining Rose


Raining Rose, maker of body care products, started as a family hobby back in 1996. Since then, business has soared—making it one of the fastest growing companies in the US. In 2004, however, it faced serious challenges related to this rapid growth; poor inventory control was affecting customer service. But since deploying an enterprise resource planning (ERP) system, it has seen vast improvements in inventory accuracy.

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Enterprise Financials


Computron's Financial Management Solutions, part of Computron Enterprise Financials, helps the finance department create an information-driven environment in a central repository. This helps ensure data integrity and synchronization with third-party systems. This approach provides visibility into the business, strengthens management control, and helps ensure compliance with corporate and regulatory requirements. Computron's workflow technology is used to streamline the journal entry and approval process, offering increased visibility and management control over transactions prior to posting to the ledger. Integration with Microsoft Excel is combined with Computron's workflow technology. Computron offers integration tools for third-party applications such as front-office systems or specialist human resources (HR) and customer relationship management (CRM) software. This helps provide essential data consistency and accuracy, and establishes a central repository of financial and management data for reporting, ad hoc inquiries, and analysis. Computron Financial Management Solutions can be integrated with other Computron systems such as purchase-to-pay and fixed assets.  

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Case Study: LeasePlan Finds a Solution for All Incoming Invoices


LeasePlan Norway, a large automobile fleet management company, needed an alternative to manual entry of incoming invoice data, while still maintaining complete accuracy. The company implemented AnyDocINVOICE for invoice data capture, because of its ease- of- use and ability to capture data without templates. Find out about all the other functionalities that prompted the company to install the solution in its Swedish office.

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Are Spreadsheets Sabotaging Your Profits?


Due to their limitations, using spreadsheets to manage mission-critical business functions is an unacceptable risk. The requirements for finding the right inventory in the right place at the right time are being hampered by spreadsheet forecasts based on inappropriate source data. Packaged software with inventory management and collaborative capabilities will give your supply chain a competitive advantage. Learn how.

prediction accuracy  Spreadsheets Sabotaging Your Profits? However, most companies that rely on spreadsheet programs for their supply chain management needs are unaware that there are better alternatives- affordable inventory planning solutions that provide strategic value, improve visibility to the supply chain management process and propel company growth. Source : Demand Solutions Resources Related to Are Spreadsheets Sabotaging Your Profits? : Spreadsheet (Wikipedia) Are Spreadsheets Sabotaging Your Profits? Read More