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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

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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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

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

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.

review forecasting accuracy  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

Financial Planning: Mastering the Key Value Drivers


In business, planning plays a fundamental role in analyzing and forecasting key financial data. While forecasting future events is one benefit of planning, it can also be used to achieve a series of objectives, including regulatory compliance. In order to achieve these objectives, companies should consider implementing a unified customer performance management (CPM) solution—one that takes compliance into consideration.

review forecasting accuracy  Planning: Mastering the Key Value Drivers In business, planning plays a fundamental role in analyzing and forecasting key financial data. While forecasting future events is one benefit of planning, it can also be used to achieve a series of objectives, including regulatory compliance. In order to achieve these objectives, companies should consider implementing a unified customer performance management (CPM) solution—one that takes compliance into consideration. Read More

DELPHUS Inc


Established in 1987, Delphus provides forecasting tools and solutions for sales and marketing managers, and inventory and production planners in manufacturing, distribution, and retail firms. The privately help corporation is headquartered in Morristown, New Jersey (US). Its client list includes divisions of Fortune 500 corporations, and midsized companies such as Kodak, IBM, Pfizer, Ferrari, Lucent Technologies, Bristol-Myers-Squibb, Skil-Bosch Tools, Hasbro UK, and Volvo.

review forecasting accuracy  Inc Established in 1987, Delphus provides forecasting tools and solutions for sales and marketing managers, and inventory and production planners in manufacturing, distribution, and retail firms. The privately help corporation is headquartered in Morristown, New Jersey (US). Its client list includes divisions of Fortune 500 corporations, and midsized companies such as Kodak, IBM, Pfizer, Ferrari, Lucent Technologies, Bristol-Myers-Squibb, Skil-Bosch Tools, Hasbro UK, and Volvo. 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

Product Review: GFI's LANguard Network Security Scanner


Performing patch management is one of the most tedious chores that must be completed by network administrators. While there are many patch management tools available, they can be expensive, have sharp learning curves, or are not deployable across all software platforms. One third party solution, however, GFI LANguard Network Security Scanner, version 5, is an affordable option that can scan the network and deploy patches efficiently while looking for other potential security vulnerabilities.

review forecasting accuracy  Review: GFI''s LANguard Network Security Scanner Taking Patch Management to a New Level Without a doubt, one of the most tedious chores that network administrators must routinely perform is patch management. Hardly a week goes by that Microsoft doesn''t release some sort of patch. It is the network administrator''s responsibility to download the latest patches and apply them to all of the organization''s computers. As tedious as patch management is though, it is one chore that really shouldn''t be Read More

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

review forecasting accuracy  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 Inventory Advisor should be fast to implement and accessible via a Read More

Kentico EMS: Web Content Management (WCM) Competitor Analysis Report


Web content management (WCM) systems manage content creation, review, and approval processes for web site content. This may include public Web sites (Internet), or private web sites (intranet or extranet). Use a WCM solution to organize and manage documents; provide content version control, collaboration utilities, and user or document level security.

review forecasting accuracy  systems manage content creation, review, and approval processes for web site content. This may include public Web sites (Internet), or private web sites (intranet or extranet). Use a WCM solution to organize and manage documents; provide content version control, collaboration utilities, and user or document level security. Read More

Oetiker Inc


Learn how Oetiker Inc, the foremost manufacturer and distributor of quality clamps, rings, and couplings improved customer satisfaction, shipping accuracy, and on-time delivery.

review forecasting accuracy  shipping,delivery,Oetiker,Epicor,manage 2000,case Read More

Avercast Forecasting & Demand Planning Software


The Avercast product line includes: Avercast Business Forecasting for analyzing historical product demand, forecasting future demand, and adjusting forecasts at the individual item or summary level Avercast Supply Planning for time-phased inventory planning in monthly, weekly, or daily time periods Avercast Supplier Connection for providing Web-enabled information to suppliers Avercast Trolling For Dollars for warehouse management reporting and for providing real-time information about which products can be shipped at any given time.

review forecasting accuracy  Forecasting & Demand Planning Software The Avercast product line includes: Avercast Business Forecasting for analyzing historical product demand, forecasting future demand, and adjusting forecasts at the individual item or summary level Avercast Supply Planning for time-phased inventory planning in monthly, weekly, or daily time periods Avercast Supplier Connection for providing Web-enabled information to suppliers Avercast Trolling For Dollars for warehouse management reporting and for providing 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