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 scm 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.

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Documents related to » scm forecasting accuracy methods

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.

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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.

scm forecasting accuracy methods  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 Methods | SCM Increase Forecast Accuracy | SCM Sample Forecast Accuracy | SCM Equal Forecast Accuracy | SCM Tests Forecast Accuracy | SCM Analysts Forecast Accuracy | SCM Assessing Forecast Accuracy | SCM Modeling Forecast Accuracy | SCM Uncertain Forecast Accuracy | SCM Read More

FRx Poised to Permeate Many More General Ledgers Part Three: Market Impact continued


While there is an opportunity for FRx to become a main pillar within the entire Microsoft BI product strategy, there is not yet an overall cohesive BI/CPM strategy or architecture to guide the product plans to an integrated BI solution set.

scm forecasting accuracy methods  ERP, supply chain management (SCM) or customer relationship management (CRM) applications. Once limited to the finance department of large companies, BI/analytics has long expanded across departments and now even addresses the needs of customers, suppliers, and partners outside of the firm, given that if BI can help any department understand and serve customers better, that should in turn lead to better financial results. Companies have become adept at storing huge quantities of data about customers, Read More

The Art, Science & Software Behind (Optimal) Retail Pricing - Part 4


Part 1 of this blog post series expanded on some of TEC’s earlier articles about companies’ need for better pricing management and optimization practices. This series, which focuses on the complexity of pricing and promotions in retailing, was inspired by JDA Software’s recent “edu-nouncement” on leading retailers consumer-centric pricing and promotions strategies and by Revionics’ recent (and

scm forecasting accuracy methods  good supply chain management (SCM) players . DemandTec and other niche pricing players cannot really offer this big picture of demand propagated across the entire supply and demand chain, and it is a message that has been resonating with both prospective customers and analysts. Other Pricing Vendors’ Voices Given JDA’s noise of late, I’ve offered other pricing vendors a fair chance to (dis)agree with JDA’s assertions, and perhaps add more to the discussion about the next-generation pricing Read More

J.D. Edwards Finds Its Inner-Self Within Its 5th Incarnation


By espousing its namesake 5th generation of products that preserves flexibility and provides much more of its own ‘must have’ collaborative applications (i.e. SCM and CRM), J.D. Edwards may start looking forward to the future with its new winning attitude.

scm forecasting accuracy methods  (ERP); Supply Chain Management (SCM); Customer Relationship Management (CRM); Supplier Relationship Management (SRM); Business Intelligence (BI); Collaboration and Integration; and Tools and Technology. Although not currently fully Web services enabled, J.D. Edwards 5 provides the enabling technology for Web services, a rapidly emerging, standards-based paradigm that promises to enable businesses to share data, applications and business processes across the Internet. To that end, the product features Read More

SCM in a New Flavor: Real Time and Demand Driven


To meet the needs of a demand driven market, Apptricity is leveraging service oriented architecture to deploy and integrate modules.

scm forecasting accuracy methods  dynamic adaptability for the SCM market. Solutions include Supply Chain Apptricity for SCM, Supplier Apptricity for supplier relationship management (SRM), and Employee Apptricity , to manage workforce assets. The company has several offices in the US, and is headquartered in Irving, Texas (US) and its solutions are being used in several different industries, including energy, financial services, health care, manufacturing, and transportation and logistics. Enterprise Apptricity for Energy automates 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.

scm forecasting accuracy methods  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 Read More

The Competitive Advantage of Business Intelligence Forecasting and Predictive Analysis


Technology and new business intelligence solutions have made it possible for the average enterprise to leverage complex predictive analysis using simple, intuitive tools. Predictive analysis is key to the competitive success of an organization, and the enterprise that is privy to clear and concise product, customer, sales, and market predictions will always have the competitive advantage in its market of choice. Find out how.

scm forecasting accuracy methods  Competitive Advantage of Business Intelligence Forecasting and Predictive Analysis Technology and new business intelligence solutions have made it possible for the average enterprise to leverage complex predictive analysis using simple, intuitive tools. Predictive analysis is key to the competitive success of an organization, and the enterprise that is privy to clear and concise product, customer, sales, and market predictions will always have the competitive advantage in its market of choice. Find out Read More

J.D. Edwards Saved By SCM, Narrowly, And Only For Now


On March 5, J.D. Edwards reported financial results for Q1 2001. Although the company posted a symbolic profit, the revenue decline begs the question why the company seems to be in a doldrums at the same time when its competitors seem to be upbeat.

scm forecasting accuracy methods  D. Edwards Saved By SCM, Narrowly, And Only For Now J.D. Edwards Saved By SCM, Narrowly, And Only For Now P.J. Jakovljevic - March 30, 2001 Event Summary On March 5, J.D. Edwards & Company (NASDAQ: JDEC) reported financial results for the first quarter ended January 31, 2001. Revenue for Q1 2001 was $217.7 million, a 6% decline compared to revenue of $231.7 million in Q1 2000. License fee revenue was $82.7 million, almost flat compared to $83.3 million in the same period last year. Net income from Read More

Financial Forecasting: Room for Improvement for People, Process and Technology


Preparing an accurate forecast in this volatile business climate is challenging. Still, it is critical for businesses to be able to predict outcomes for the next month, quarter or year, and be able to respond quickly when the actuals vary significantly from the forecast. Forecasting may be equal parts art and science, but the most dialed-in enterprises report using a solid, collaborative process for generating accurate forecasts.

scm forecasting accuracy methods  Forecasting: Room for Improvement for People, Process and Technology Preparing an accurate forecast in this volatile business climate is challenging. Still, it is critical for businesses to be able to predict outcomes for the next month, quarter or year, and be able to respond quickly when the actuals vary significantly from the forecast. Forecasting may be equal parts art and science, but the most dialed-in enterprises report using a solid, collaborative process for generating accurate Read More

Collaborative Commerce: ERP, CRM, e-Proc, and SCM Unite! A Series Study: IFS - Part 2 of 2


IFS needs to bolster its brand awareness, and let the world know that they are, in fact, a real contender in the Collaborative Commerce space. Once companies get IFS in-house and get to touch and feel it - to really understand its user interface and ease of use advantages over many of its rivals - it often wins.

scm forecasting accuracy methods  ERP, CRM, e-Proc, and SCM Unite! A Series Study: IFS - Part 2 of 2 Collaborative Commerce : ERP, CRM, e-Proc, and SCM Unite! A Series Study: IFS - Part 2 of 2 R. Garland - October 24, 2001 Introduction  In the early 90''s, ERP came of age. Everyone had to have the functionality ERP packages promised. Since then, as Web and Internet technologies have matured, CRM on the front end, and e-Procurement and Supply Chain Management on the back end, these packages have come into their own. Now in 2001, the Read More

Driver-based Budgets and Forecasting


Line managers and finance staff are frustrated by the inability of spreadsheet-based planning systems to deliver useful budgets and rolling forecasts. A major problem is the disconnect between the operational elements of business and financial plans. What's missing is driver-based planning, a best-practice methodology where financial plans incorporate assumptions about business activities modeled to drive financial data.

scm forecasting accuracy methods  based Budgets and Forecasting Line managers and finance staff are frustrated by the inability of spreadsheet-based planning systems to deliver useful budgets and rolling forecasts. A major problem is the disconnect between the operational elements of business and financial plans. What''s missing is driver-based planning, a best-practice methodology where financial plans incorporate assumptions about business activities modeled to drive financial data. 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.

scm forecasting accuracy methods  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

Supply Chain Management (SCM) RFI/RFP Template


Demand Management,Supply Chain Optimization,Warehouse Management System (WMS),Production and Supply Planning,Service Parts Planning,Transportation Management System (TMS),International Trade Logistics (ITL),Order Management,Supply Chain Event Management,Supplier Relationship Management (SRM),Product Technology

scm forecasting accuracy methods  Chain Management (SCM) RFI/RFP Template The Supply Chain Management (SCM) RFI/RFP Template lists and describes 2550 features and functions found in Supply Chain Management (SCM) software solutions. This Supply Chain Management (SCM) Template can help you save time, control costs, and communicate clearly with vendors at nearly every stage of your Supply Chain Management (SCM) software selection projects. Features and functions included in this Supply Chain Management (SCM) Template: Demand Management Read More

Logility Accelerates SCM to ERP Integration


Logility Inc., a supplier of collaborative supply chain management (SCM) solutions, recently announced a template-based approach to reduce the cost and complexity associated with best-of-breed SCM to enterprise resource planning (ERP) integrations. Companies that turn to ERP providers for their SCM capabilities often find that they lack the depth and breadth of supply chain planning and

scm forecasting accuracy methods  Accelerates SCM to ERP Integration Logility Inc. , a supplier of collaborative supply chain management (SCM) solutions, recently announced a  template-based approach to reduce the cost and complexity associated with best-of-breed SCM to enterprise resource planning (ERP) integrations . Companies that turn to ERP providers for their SCM capabilities often find that they lack the depth and breadth of supply chain planning and optimization functionality required to outperform the competition in. Read More