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Software Functionality Revealed in Detail
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 review forecasting 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.

Compare Now

Documents related to » review forecasting accuracy

Supply Chain Cost-cutting Strategies


Process industries (chemicals, food and beverage, oil and gas, etc.) face rising manufacturing and logistics costs. And they’re finding that the old strategies for cost containment no longer pack the same punch. Some surveys show that 75 percent of all respondents are redesigning their supply chains to keep these costs in check. Are you one of them? No? You’ve got a lot of catching up to do—and very little time to do it.

review forecasting accuracy  Best in Class companies review inventory polices once a year or less frequently, compared with 49% of all others. Besides monitoring inventory and targets more frequently, the Best in Class stay on top of demand as well. This study found that the overall median time for sensing changes in customer demand was about 2 weeks. But the Best in Class keep the closest eye on change, with 38% sensing demand changes in five days or fewer. In contrast, 26% of In- dustry Average and 11% of Laggards sense demand Read More

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.

review forecasting accuracy  data and then collaborative review from multiple supply chain constituents. What is required is a methodology to include data, insights and experience from across the supply chain. Information sharing among application systems has been encouraged through the development of Electronic Data Interchange (EDI) .standards While common in packaged systems, its use by stand-alone spreadsheets is minimal and therefore reduces the ability to build collaborative solutions. A Better Way to Forecast Demand Based on 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.

review forecasting accuracy  demand plans, thereby shortening review cycles and increasing accuracy. It is also import that the demand forecasting tool allows you to export forecasts to various common office applications that can then be e-mailed to key people throughout the enterprise. In order to increase accuracy, you must be able to easily monitor and take action based on forecast error, so look for robust error management functionality, including mean error, mean absolute error, mean absolute percentage error, Theil''s Read More

Less Stock, More Profit: Inventory Optimization


Inventory optimization is the area where most enterprise resource planning (ERP) software implementations get the highest and fastest return on investment (ROI). However, many companies implementing an ERP solution don’t add a dedicated inventory optimization module. Learn how inventory optimization can offer companies huge potential to maximize the value of IT investments—and keep inventory levels at the right balance.

review forecasting accuracy  that a purchaser should review before sending it to the supplier. This makes their daily work a lot easier. Electrical supplies distribution Electrical distributors face similar challenges as the pharmaceutical industry in terms of sheer numbers of SKUs. Italian distributor Fogliani has around 70,000 stock units and, with the help of IBS Enterprise, has been able to reduce inventory by 13 percent while maintaining the same service levels. In addition, improved processes have ensured that Fogliani always Read More

Successful Sales and Operations Planning in Five Steps


A sales and operations planning (S&OP) meeting is a critical decision-making activity that sets the overall direction for the company. Executives discuss trade-offs between customer service, inventory investments, production capabilities, supply availability, and distribution concerns, in order to balance generating profit with satisfying operational goals. Learn the five essential steps for successful S&OP planning.

review forecasting accuracy  Step 2 - Demand Review A primary output of the S&OP process is a decision on the level of customer service the company will strive to achieve through the effective use of all of its resources. To plan to meet demand, you must know what current demand is and how it can change over time, the art and science of the forecast. Proven forecasting techniques rely on rigorous statistical analysis of past demand including orders, shipments and point-of-sale (POS) patterns overlaid with demographics, product Read More

The Perfect Storm: Time to Review Client Computing Strategies


Server-based computing has been seen at best as a way to provide those within highly task-based environments with a controlled desktop environment. However, changes in software, hardware, security, and management systems are driving the shift toward server-based computing being suitable for a larger proportion of a company’s user base. Learn how client-side computing can be more tightly controlled yet provide flexibility.

review forecasting accuracy  Perfect Storm: Time to Review Client Computing Strategies Server-based computing has been seen at best as a way to provide those within highly task-based environments with a controlled desktop environment. However, changes in software, hardware, security, and management systems are driving the shift toward server-based computing being suitable for a larger proportion of a company’s user base. Learn how client-side computing can be more tightly controlled yet provide flexibility. Read More

On-Demand Software for BPM: Now Ready for Enterprise Adoption


Planning, forecasting, and reporting are among the business processes that, if strengthened with analytic software, can help companies improve their performance. Due to time and expense of implementation, many mid-sized have been slow to aggressively adopt business performance management (BPM) solutions. See how on-demand BPM software is a low-cost, low-risk BPM solution that is likely to lead to an “early payback.”

review forecasting accuracy  financial forecasting,financial analysis,financial reporting,financial budgeting,bpm,business performance management,financial reporting and analysis,financial analysis report,financial reporting software,business performance management solutions,financial reporting financial statement analysis and valuation,business performance management systems,financial analysis and reporting,business performance management tools,business performance management software Read More

Aviso Brings Predictive Science to Sales Forecasting


Aviso recently introduced Aviso Insights, a solution that arms sales teams with predictive tools to meet and exceed quarterly targets. Using machine learning and portfolio management frameworks that Wall Street experts use, the goal is to enable sales, finance, and business leaders at any time to confidently report on the current state of business.

review forecasting accuracy  Brings Predictive Science to Sales Forecasting Aviso recently introduced Aviso Insights , a solution that arms sales teams with predictive tools to meet and exceed quarterly targets. Using machine learning and portfolio management frameworks that Wall Street experts use, the goal is to enable sales, finance, and business leaders at any time to confidently report on the current state of business.   Sales forecasting is the most important process in a sales organization, yet traditionally it has been Read More

LTT Planner


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

review forecasting accuracy   Read More

Product Review: Ramco HCM


Many HR issues, including talent management, are common points of interest for HR (and related software) vendors. As such, many are designing their products to address these issues. Ramco HCM goes one step further by adding analytics to the mix.

review forecasting accuracy  Review: Ramco HCM I had the pleasure recently—along with fellow Technology Evaluation Centers (TEC) research analyst Leslie Satenstein—to sit in on a product briefing and certification session with Steven Goldberg (VP, HCM practice leader for Ramco Systems Corporation ). The product was a human capital management (HCM) solution which includes basic payroll, staffing, workforce planning, compensation management, and integrated talent management. Ramco HCM is part of a complete suite of products Read More

Vendor Review: SecureWave Protects Microsoft Operating System Platforms


The traditional approach to network intrusion management is to detect an intrusion, analyze it, and then works toward eradicating it. By buckling down your host security, securing the input/output devices, and intercepting Trojan executables, SecureWave can prevent intrusions from happening up front.

review forecasting accuracy  Review: SecureWave Protects Microsoft Operating System Platforms Vendor Review: SecureWave Protects Microsoft Operating System Platforms Featured Author -  Laura Taylor - March 2, 2002 Executive Summary The traditional approach to network intrusion management is to detect an intrusion, analyze it, and then works toward eradicating it. By buckling down your host security, securing the input/output devices, and intercepting Trojan executables, SecureWave can prevent intrusions from happening up front Read More

Ten Steps to Evaluate and Select A Mid-Market Budgeting, Forecasting, and Reporting Solution


Business performance management (BPM) applications, particularly budgeting, forecasting, and reporting (BFR) solutions, bring high value to a mid-size company. But embarking upon a BPM initiative can seem daunting. There are many factors to consider, including potential benefits, expected costs, etc. Read this step-by-step guide that helps these companies navigate through these factors and move forward with a BPM solution.

review forecasting accuracy  financial forecasting,financial analysis,financial reporting,financial budgeting,bpm,business performance management,financial reporting and analysis,financial analysis report,financial reporting software,business performance management solutions,financial reporting financial statement analysis and valuation,business performance management systems,financial analysis and reporting,business performance management tools,business performance management software Read More

Human Capital Supply Chains: Book Review


“Goods are uniform and people are unique.” Too obvious? Maybe, but with the success that supply chain management (SCM) has brought to manufacturers, it’s time to apply the same philosophy to human capital management (HCM). In today’s feature article, TEC HCM analyst Sherry Fox reviews Human Capital Supply Chains, a new book that provides expert advice on what works, what doesn’t, and how a simple SCM history lesson can change the way you manage your workforce.

review forecasting accuracy  Capital Supply Chains: Book Review Reviewer Ratings: Human Capital Supply Chains by Tim Giehll and Sara Moss   As a human capital management (HCM) research analyst for Technology Evaluation Centers (TEC), I spend my days researching, discussing, and writing about human resources (HR), talent management, learning management, and HCM. When I heard about the book Human Capital Supply Chains by Tim Giehll and Sara Moss, I was intrigued. After a few lengthy conversations on the subject with co-author Tim Read More

The Case for a Specialised Sales Forecasting Software Solution


This white paper addresses the question “Why do you need a specialised sales forecasting software solution?” It makes the case for implementing a purpose-built sales forecasting software tool, and provides a number of considerations and parameters that can be used to evaluate suitable solutions.

review forecasting accuracy  Case for a Specialised Sales Forecasting Software Solution This white paper addresses the question “Why do you need a specialised sales forecasting software solution?” It makes the case for implementing a purpose-built sales forecasting software tool, and provides a number of considerations and parameters that can be used to evaluate suitable solutions. 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 companies tend to react to inaccuracies with new investments in technology, processes, and people. However, new investments do not guarantee better forecasts. There are often fundamental issues that need to be addressed before achieving positive results.

review forecasting accuracy   Read More