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 scm forecasting 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 methods

Reference Guide to Supply Chain Management (SCM) Features and Functions


This guide to supply chain management (SCM) functions/features will help you determine which SCM features are a high priority for your organization. Learn about SCM functions and features for WMS, TMS, international trade logistics (ITL), supplier relationship management (SRM), demand management, supply chain analytics, order management, service parts planning, and more.

scm forecasting methods  content, alerts, and data. SCM functions and features, submodule #5: demand management Promotion planning Promotion management systems allow your organization to plan promotions with your trading partners, including simulating, executing, and evaluating the promotion performance. Some performance planning issues to be aware include the following: Promotion plans are frequently not integrated into the demand stream. Promotions are launched without the requisite tracking of real-time events to monitor and Read More

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.

scm forecasting methods  Plan Cuts Costs | SCM Forecasting Software | SCM Predict Customer Demand | SCM Calculating Demand Forecast | SCM Realized Demand Quantity | SCM Demand Forecasting Activity | SCM Demand Forecasting Methods | SCM Demand Forecasting Models | SCM Toolkit Demand Forecasting | SCM Methods to Forecast Demand | SCM Planning Forecasting | SCM Demand Forecasting Data | SCM Demand Forecast Accuracy | SCM Demand Forecasting Data Cleansing | SCM Demand Forecast Prediction | SCM Determine Demand Forecast | SCM Read More

To Have or Not to Have Supply Chain Software: Can the Riddle Be Solved?


In a previous blog post, I discussed two approaches to bringing down the overall cost of your supply chain (by using either cost-cutting or -reducing methods). Another blog was about bringing cost down by using better or best inventory management processes and practices. As we have already discussed the methods, processes, and practices, let’s look now at some of the technological aspects of

scm forecasting methods  of these concerns mean SCM solution market has not see a change in demand for SCM solutions, even though the entire worldwide economy is in a downturn? It’s true the enterprise software market has slowed down, but the market for SCM solutions is still in rapid growth state. According to AMR Research group, the worldwide market for SCM software is expected to reach or exceed $8 billion by 2010 . Now the question: what does supply chain software encompass that makes it so crucial for all types of Read More

New Dimensions in EC and SCM Part 1: The Benefits of E-Procurement


From point-and-click ordering using Web-based catalogs of individual suppliers, to marketplaces that bring together in one place the products or services offered by multiple suppliers, to live auctions that determine the lowest-price bidder — there is a wide range of new e-procurement methods and tools to help businesses buy goods and services better, faster, and cheaper.

scm forecasting methods  Dimensions in EC and SCM Part 1: The Benefits of E-Procurement Executive Summary Every business is a purchaser as well as a supplier, with many routinely processing hundreds of buying activities daily. Typically, purchases represent 50 to 90% of a company''s cost structure -- making procurement strategy and execution a critical lever for effective supply chain operations and superior business profitability. Electronic commerce offers exciting new possibilities for businesses to improve their performance Read More

New Dimensions in EC and SCM Part 5: E-Procurement for Process Improvement


From point-and-click ordering using Web-based catalogs of individual suppliers, to marketplaces that bring together in one place the products or services offered by multiple suppliers, to live auctions that determine the lowest-price bidder — there is a wide range of new e-procurement methods and tools to help businesses buy goods and services better, faster, and cheaper.

scm forecasting methods  Dimensions in EC and SCM Part 5: E-Procurement for Process Improvement Executive Summary Every business is a purchaser as well as a supplier, with many routinely processing hundreds of buying activities daily. Typically, purchases represent 50 to 90% of a company''s cost structure - making procurement strategy and execution a critical lever for effective supply chain operations and superior business profitability. Electronic commerce offers exciting new possibilities for businesses to improve their Read More

A Tale of a Few Good SCM Players - Part 2


Part 1 of this blog post series followed the progress of Manhattan Associates from its inception in 1990 throughout the mid-2000s. During this time, Manhattan Associates was the epitome of an immaculate supply chain management (SCM) software company in terms of market share, growth, profitability, and its products’ capabilities. Indeed, the company was the industry standard for

scm forecasting methods  of a Few Good SCM Players - Part 2 Part 1 of this blog post series followed the progress  of  Manhattan Associates  from its inception in 1990 throughout the mid-2000s. During this time, Manhattan Associates was the epitome of an immaculate  supply chain management (SCM ) software company in terms of market share, growth, profitability, and its products’ capabilities. Indeed, the company was the industry standard for the supply chain execution (SCE) space and the envy of competitors. But Read More

Boston Analyst Roadshow SYSPRO Update: New SCM Tracking Solution, and Surprising Results of Customer Survey


TEC's Aleksey Osintsev reports on SYSPRO’s new supply chain management solution and what the results of a recent SYSPRO survey show about the effectiveness of big data messaging, as well as new field service vendor Elysian Field Software, in this post about the recent JRocket Marketing analyst event in Boston.

scm forecasting methods  Roadshow SYSPRO Update: New SCM Tracking Solution, and Surprising Results of Customer Survey It’s already became a worthwhile annual tradition to check in with business software vendors that are clients of JRocket Marketing each December in Boston. This time analysts had a chance to see what’s new at SYSPRO and meet the top management of Elysian Field Software, a new company that will be officially launched in the near future. SYSPRO’s New Voyage and Container Tracking Solution SYSPRO’s big news Read More

Transforming Spreadsheets: Planning, Budgeting and Forecasting for Midsize Companies


This white paper describes how workgroups and midsize companies can transform their spreadsheet-only processes to create flexible and timely plans, budgets, and forecasts. It outlines recommendations for implementing a complete performance management system, using an integrated reporting, analysis, and planning solution purpose-built for workgroups and midsize companies.

scm forecasting methods  Spreadsheets: Planning, Budgeting and Forecasting for Midsize Companies This white paper describes how workgroups and midsize companies can transform their spreadsheet-only processes to create flexible and timely plans, budgets, and forecasts. It outlines recommendations for implementing a complete performance management system, using an integrated reporting, analysis, and planning solution purpose-built for workgroups and midsize companies. Read More

ToolsGroup Embeds Machine Learning Technology in Demand Forecasting


ToolsGroup, a provider of demand analytics and supply chain planning (SCP) software, claims to be the first vendor in its class to embed machine learning into a commercially available demand forecasting product. The new technology has been proven to significantly improve forecast accuracy in major global customer installations.

scm forecasting methods  Embeds Machine Learning Technology in Demand Forecasting ToolsGroup , a provider of demand analytics and supply chain planning (SCP) software, claims to be the first vendor in its class to embed machine learning into a commercially available demand forecasting product. The new technology has been proven to significantly improve forecast accuracy in major global customer installations. ToolsGroup''s embedded machine learning is available as part of the SO99+ version 7.3.1 demand forecasting Read More

Macola ERP Supply Chain Management (SCM)


The definition of a successful manufacturing enterprise is one that builds the right products, at the right time, for the right price. That’s why so many manufacturing companies today are focused on managing the entire value-added chain, from the supplier to manufacturer, right through to the final customer. Supply chain management (SCM) has one overriding objective: to get more throughput from existing resources. SCM functionality helps companies reduce inventory, increase the transaction speed by exchanging data in real time, and increase sales by implementing customer requirements more efficiently. Through the use of portals, Macola ERP SCM users can collaborate with customers and see a real-time view of activity across the organization. It starts with the ability to accurately forecast customer demands, and continues with effective planning and scheduling of the flow of materials through the enterprise, to assure on-time delivery and maximum discounts from suppliers. The vendor's solutions enable users to track orders from beginning to end, right out to the customer. And users can make changes on the fly. All corporate information is located in one database, saving employees valuable time when looking for information. Drill-down reporting and analysis is at your fingertips, keeping the process running smoothly. Users can manage customer expectations by providing realistic product delivery dates based on actual and planned material availability, current production capacity, and vendor lead times. Exact provides the tools to evaluate options for expediting materials or adding capacity to meet a requested date, or to propose alternate delivery options when it is not possible to meet the customer’s requested date. Out-of-stocks and excess inventory can be avoided through recommended job and purchase order processes. Users can purchase materials “just-in-time” relative to the live production schedule.  

scm forecasting methods  throughput from existing resources. SCM functionality helps companies reduce inventory, increase the transaction speed by exchanging data in real time, and increase sales by implementing customer requirements more efficiently. Through the use of portals, Macola ERP SCM users can collaborate with customers and see a real-time view of activity across the organization. It starts with the ability to accurately forecast customer demands, and continues with effective planning and scheduling of the flow of Read More

Rising Elephant Creates Euphoria: India's Growing Markets Are a Boon for SCM Vendors


The nature of the organized retailing market in India may present challenges for software providers, but the opportunity to tap into and benefit from this market's huge (and growing) potential can yield sizable returns for supply chain management software vendors.

scm forecasting methods  Are a Boon for SCM Vendors Originally Published - April 13, 2007 In the past two decades, India has earned a reputation worldwide for its strength in information technology (IT), information technology enterprise solutions (ITES), and software-related products and services. Now that the Indian government is liberalizing and opening up the economy, India is becoming a hot spot (business center) for manufacturers in the auto, textiles, medicine, and antibiotics sectors, as well as many others. The Read More

Accelerating the Speed of Intelligence for Fast and Flexible Forecasting: Engaging the Business for Better Results


Forecasting is changing from a top-down process to a bottom-up one. High-level targets may be useful starting points, but they must be combined with input from line management and department heads before being rolled up into enterprise-wide financial goals. Some companies find it effective to “embed” members of the finance function within other business units. Read this white paper to find out more.

scm forecasting methods  the Speed of Intelligence for Fast and Flexible Forecasting: Engaging the Business for Better Results Forecasting is changing from a top-down process to a bottom-up one. High-level targets may be useful starting points, but they must be combined with input from line management and department heads before being rolled up into enterprise-wide financial goals. Some companies find it effective to “embed” members of the finance function within other business units. Read this white paper to find Read More

Sales Forecasting for Your Business Advantage


With Advanced Sales Forecasting software from NetSuite, you now have the ability to run accurate, up-to-the-second sales forecasts to address your most pressing business questions. As a result, you can manage your data and your business with greater accuracy, speed, and confidence.

scm forecasting methods  Forecasting for Your Business Advantage With Advanced Sales Forecasting software from NetSuite, you now have the ability to run accurate, up-to-the-second sales forecasts to address your most pressing business questions. As a result, you can manage your data and your business with greater accuracy, speed, and confidence. Read More

Planning, Budgeting, and Forecasting Software Evaluation and Selection Guide


Enterprise planning—budgeting, forecasting, and reporting—is a crucial component of financial management that contributes to companies’ success. However, planning is often seen as a time-consuming burden. Find out how an enterprise planning system can help you deliver more timely and reliable plans and enhance strategic decision making, to more quickly identify, analyze, and forecast the impact of changes as they occur.

scm forecasting methods  Budgeting, and Forecasting Software Evaluation and Selection Guide Enterprise planning—budgeting, forecasting, and reporting—is a crucial component of financial management that contributes to companies’ success. However, planning is often seen as a time-consuming burden. Find out how an enterprise planning system can help you deliver more timely and reliable plans and enhance strategic decision making, to more quickly identify, analyze, and forecast the impact of changes as they occur. 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 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