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 scm inventory forecasting

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 » scm inventory forecasting

Let the (Excess) Inventory Flow!


Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both the inventory and dollars flying out the door. There should be smarter ways of handling this problem.

scm inventory forecasting  Business—Service and Replacement Parts SCM ). It enables clients to reduce investment in stock while at the same time maintain or improve customer service levels. Given that most inventory optimization techniques work on the premise of stock items being in their prime time, the focus here rather is on the tricky effect of product life cycles on inventory. The motto time is money certainly holds true when it comes to inventory valuation. Well, maybe in a reverse (negative) manner, because typically neg 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 inventory forecasting  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

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.

scm inventory forecasting  and Operations Planning | SCM | Simple Return on Investment | Small Business Inventory Control | Small Business Inventory Control Software | Small Business Inventory Software | Small Business Software | Solution Inventory | Standard Return on Investment | Strategic Supplier Relationship Management | Strategy Inventory | Supplier Management | Supplier Management Software | Supplier Relation Management | Supplier Relationship | Supplier Relationship Management | Supplier Relationship Management Process | Su Read More

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 inventory forecasting  Functions and Features   SCM functions and features, submodule #1: warehouse management system (WMS) Functionality This category includes the general warehouse management functionalities such as warehouse configuration, bin location and product setup, inventory control, license plate tracking, quality control, picking, packing and shipping, etc. Adaptability The adaptability module in SCM software covers business processes, decision support, and reporting. Warehouse management system (WMS) technology con Read More

Capitalizing on Advanced Inventory Management


Today’s distributors have an opportunity to drive performance to new levels by investing in advanced inventory management. These companies can expect to increase inventory visibility while driving down inventory costs. Learn how these kinds of inventory management initiatives can help your company strengthen customer relationships, bargain for better terms with suppliers, and generate more profitable growth.

scm inventory forecasting  million dollars with Infor SCM Demand Planning—an ROI within one year. TODD FISCHER, VP AND CIO, ENDRIES Inventory accuracy at Endries improved so much after the application was implemented that the company no longer needed to do year-end inventory counts. Having 100,000 products in the warehouse makes it difficult to do a full cycle count, Fischer adds. TWL allows us to do cycle counts as we are running the business. Our accounting firms now do just samplings, and our accuracies are up around 99.7% Read More

Sales and Operations Planning Part One: Identifying and Forecasting Demand


An effective sales and operations planning game plan results in fewer stock-outs, shorter delivery lead-times, higher on-time shipping percentages, a manageable amount of expediting, and improved customer service. Several guidelines are suggested to improve a firm's sales and operations planning process and the effectiveness of each product's game plan. This is an excerpt from the book Managing Your Supply Chain Using Microsoft Navision.

scm inventory forecasting  and Operations Planning Part One: Identifying and Forecasting Demand Sales and Operations Planning Part One: Identifying and Forecasting Demand Featured Author - Dr. Scott Hamilton - December 11, 2003 Introduction A firm''s sales and operations planning (S&OP) process starts with the definition of all demands for the firm''s goods and services. It formulates game plans that drive supply chain activities to meet those demands. Hence, an effective S&OP game plan requires consideration of both demands and Read More

Passive RFID Solutions for Asset Tracking and Inventory Management


In the present context of business, it is becoming essential for the business world to provide electronic commerce in addition to their good old business model. An electronic commerce application adds lot of value to business models and helps overall growth in the different areas of business, business management, tracking, and customer support. Customers find it’s much easier to access the products and services of a corporation through an e-commerce application and corporations find it easier to reach their customers.

scm inventory forecasting  RFID Solutions for Asset Tracking and Inventory Management In the present context of business, it is becoming essential for the business world to provide electronic commerce in addition to their good old business model. An electronic commerce application adds lot of value to business models and helps overall growth in the different areas of business, business management, tracking, and customer support. Customers find it’s much easier to access the products and services of a corporation through an Read More

10 Tips for Perfect (Nearly!) Inventory Accuracy


Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse operations without going into reactive mode. This is mainly due to a lack of proper or basic inventory record maintenance and accuracy. Some organizations don’t measure inventory in an accurate manner, or they don’t even have such

scm inventory forecasting  Tips for Perfect (Nearly!) Inventory Accuracy Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse operations without going into reactive mode. This is mainly due to a lack of proper or basic inventory record maintenance and accuracy. Some organizations don’t measure inventory in an accurate manner, or they don’t even have such measurements in place. Organizations need to understand that there are 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 inventory forecasting   Read More

TEC 2012 SCM Market Survey Report: What Organizations Want in Supply Chain Management Software


This report is based on aggregate data collected from more than 600 SCM software comparisons performed using Technology Evaluation Centers’ TEC Advisor software selection application. Although the characteristics that SCM customers are looking for vary according to the specific SCM software segment being evaluated, TEC data show that at the supply chain suite level organizations are mainly seeking these characteristics: collaborative capabilities, cloud deployment, analytics, adaptive solutions, and in-memory computing.

scm inventory forecasting  2012 SCM Market Survey Report: What Organizations Want in Supply Chain Management Software This report is based on aggregate data collected from more than 600 SCM software comparisons performed using Technology Evaluation Centers’ TEC Advisor software selection application. Although the characteristics that SCM customers are looking for vary according to the specific SCM software segment being evaluated, TEC data show that at the supply chain suite level organizations are mainly seeking these Read More

Inventory Management Report: Driving the Fastest ROI for the Mid-market


Large enterprises have different warehouse management and inventory management needs than do small and mid-market companies. Find out about the key factors to success for mid-market companies, identify big-picture trends and needs that can help you overcome barriers to enjoy inventory management as a true strategic advantage—and learn about an inventory management solution specially designed for the mid-market.

scm inventory forecasting  Management Report: Driving the Fastest ROI for the Mid-market Large enterprises have different warehouse management and inventory management needs than do small and mid-market companies. Find out about the key factors to success for mid-market companies, identify big-picture trends and needs that can help you overcome barriers to enjoy inventory management as a true strategic advantage—and learn about an inventory management solution specially designed for the mid-market. Read More

Is There a Smarter Way to Handle Excess Active and Obsolete Inventory?


Imagine the convenience of a 24x7 intranet marketplace where companies could sell off their inventory to the highest bidder. FreeFlow is one such business service provider, helping companies find buyers to sell their products to and increase inventory asset recovery.

scm inventory forecasting  There a Smarter Way to Handle Excess Active and Obsolete Inventory? Excess at-risk inventory ultimately impacts a company''s bottom line. But because companies are more focused on the development and promotion of new products, the problem of excess inventory is seldom a priority. Companies often resort to high-overhead marketing promotions, rebates, or complete inventory write-offs to unload their excess inventory. Let the (Excess) Inventory Flow! Rather than falling back on these detrimental practices Read More

Inventory Planning & Optimization: Extending Your ERP System Part Three: Business Case for Inventory Optimization Solutions


Inventory Optimization software recognizes that different industries have different inventory profiles and requirements. Research has indicated that solutions are priced in a large range from tens of thousands of Dollars to millions of Dollars. In this niche market sector, price is definitely not an indicator of the quality of solution. ROI and usability are paramount.

scm inventory forecasting  Planning & Optimization: Extending Your ERP System Part Three: Business Case for Inventory Optimization Solutions The Case for an Inventory Optimization Solution Inventory Optimization solutions allow an organization to achieve a balance between the most efficient investment in inventory and highest customer service levels. One such misconception is that existing enterprise resource planning (ERP) systems can handle inventory management adequately. For small distributors not working in complex Read More

The Power of Inventory Control: How Integrated, Serialized Inventory Tracking Delivers a Competitive Advantage


Today’s manufacturers work hard to meet customer delivery schedules with quality parts while reducing costs. Those companies that can meet these demands can reduce work-in-process inventories and minimize production costs. But many fail at this due to inefficient material handling and inventory control. See how advanced ERP systems reflect the physical reality of the material handling process and can help you reduce inventory costs.

scm inventory forecasting  Power of Inventory Control: How Integrated, Serialized Inventory Tracking Delivers a Competitive Advantage Today’s manufacturers work hard to meet customer delivery schedules with quality parts while reducing costs. Those companies that can meet these demands can reduce work-in-process inventories and minimize production costs. But many fail at this due to inefficient material handling and inventory control. See how advanced ERP systems reflect the physical reality of the material handling process Read More