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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.
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 statistical forecasting erp

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

Business Intelligence (BI)

Business intelligence (BI) and performance management applications enable real-time, interactive access, analysis, and manipulation of mission-critical corporate information. These applications provide users with valuable insights into key operating information to quickly identify business problems and opportunities. Users are able to access and leverage vast amounts of information to analyze relationships and understand trends that ultimately support business decisions. These tools prevent the potential loss of knowledge within the enterprise that results from massive information accumulation that is not readily accessible or in a usable form. It is an umbrella term that ties together other closely related data disciplines including data mining, statistical analysis, forecasting, and decision support. 

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Documents related to » statistical forecasting erp

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.

statistical forecasting erp  set of forecasted demand. Statistical Forecasting and Demand Planning Forecasted demands can be based on many factors, such as management intuition, the current pipeline of prospects and quotes, and sales history. An item''s sales history—typically reflecting posted shipments or item ledger entries about shipments—provides the basis for generating a statistical forecast in weekly or monthly increments. A sales forecast by location can be based on the best fit of various forecasting techniques. Read More

Trends Affecting Manufacturers and ERP Part Three: Four More Trends


The evolution of ERP systems has been driven by the emergence of new business practices and information technologies. These have been supported by the growing maturity of the manufacturing profession, and by the evolving development of commercially available software packages. This is an excerpt from the book, Maximizing Your ERP System.

statistical forecasting erp  in design engineering, a statistical process control (SPC) application in quality management, and an automated material handling system in distribution. Efforts to link these stand-alone applications to ERP are termed computer integrated manufacturing (CIM). This is Part Three of a three-part article reprinted from Maximizing Your ERP System by Dr. Scott Hamilton . Bridging the theory and realities of current ERP systems, Maximizing Your ERP System provides practical guidance for managing manufacturing Read More

Attaining Real Time, On-demand Information Data: Contemporary Business Intelligence Tools


Demand for instant access to dispersed information is being met by vendors offering enterprise business intelligence tools and suites. Portlet standardization, enterprise information integration, and corporate performance management are among the proposed solutions, but do they really deliver real time information?

statistical forecasting erp  modeling functions (what-if analysis), statistical analysis, and graphical presentations of results (charting) to create data-rich applications. The applications have customized user interfaces (UI), and are organized around specific business problems that target business analyses and models. Part Three of the Business Intelligence Status Report series. Most BI platform vendors also offer their own BI applications as the BI platform''s validation. These enterprise BI application suites are the descendants Read More

Managing Demand: Considerations for the Chemicals Industry


Enterprise systems have brought many benefits to chemical environments, but for individual enterprises, gaining these benefits requires selecting a solution that can deal with the unique needs of the business.

statistical forecasting erp  be achieved by blending statistical analysis, customer projections, and the knowledge of sales and service teams, there is a natural limit to planning and forecasting accuracy, since inventing a better correlation from past events can only help so much. With the novel sense and respond approach, the gap between planning and reality (execution) can be closed (see SCP and SCE Need to Collaborate for Better Fulfillment ), since sensing signals from the real world (such as vendor-managed inventory [VMI] updat Read More

Inflation’s Demise: The Impact on Business Informa


Enterprise Resources Planning (ERP) business models and information systems originated in the 1970s and 1980s, an inflationary period. They addressed business priorities that were strongly influenced by inflation. Many manufacturers are now confronting worldwide price stability, or even deflationary pressure, and can

statistical forecasting erp  (CAD), computer-assisted manufacturing (CAM), statistical process control (SPC) and integrated laboratory management (LMS) systems. Were a prolonged worldwide deflation to occur, demand may shrink so much that suppliers are forced to shut down parts of their operations, or shutter entire facilities. Attempts will be made to sell the idle properties and equipment for the best-possible price, with attendant capital losses written-off immediately. Sale of assets is most likely to occur while inflation is Read More

Sage ERP X3 (v. 6) for Discrete Manufacturing ERP Certification Report


Sage ERP X3 (v. 6) is TEC Certified for online evaluation of discrete manufacturing enterprise resource planning (ERP) solutions in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

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ERP Trivia - Every Why Should Have Its Wherefore Part 2: ERP Key Success Factors


ERP systems, in fact, are devised to operate by codifying a set of business processes and employees have to learn the whys, wheres and whos of the business process (workflows) rather than hows of the software screens.

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Ramco Enterprise Process Manufacturing for ERP for Process Manufacturing Certification Report


Ramco Enterprise Process Manufacturing is TEC Certified for online evaluation enterprise resource planning (ERP) for process manufacturing solutions in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, and in-depth analyst commentary.

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ERP Software Selection Case Study: DCI Cheese Company Manages Rapid Business Growth with Enterprise 21 ERP


To facilitate business expansion, DCI Cheese Company engaged in an enterprise resource planning (ERP) evaluation process to select a system capable of supporting its multiple companies, divisions, and business units—and to provide a single data source for real-time business information and transaction processing. Download this case study to find out why DCI selected TGI's Enterprise 21 ERP.

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Sage ERP X3


Sage ERP X3 provides medium-sized businesses with fully integrated functionality in all areas of business for accounting and financial management, purchasing, inventory, sales, customer relationship management (CRM), and manufacturing. It offers both standard management features and in-depth process customization capabilities. The result is a range of configured offerings that covers the standard requirements of several industries, and is also adaptable to the needs of specific organizations: Sage ERP X3 Discrete Suite addresses the needs of midsize discrete manufacturers in the industrial and consumer goods, medical devices, paper, and other hard goods industries. Sage ERP X3 Process Suite focuses on the unique and specialized requirements of midsize process manufacturers in the food and beverage, chemicals, cosmetics, pharmaceuticals, and related industries. Sage ERP X3 Distribution Suite is designed to meet the demands of wholesale distributors and the distribution arms of manufacturers. Sage ERP X3 is built on the Sage Application Framework for the Enterprise X3 (SAFE X3) technology, the common development platform shared by a full set of Sage applications for medium-sized to large enterprises. Its multitier, service-oriented architecture (SOA) and Web-native design can help businesses reduce IT infrastructure costs and expand business opportunities. Among other features, the SAFE X3 platform provides users with collaboration capabilities (Web services, second-generation workflow engine, etc.); business intelligence (BI) tools; and a unified, collaborative user interface. Connect with Sage North America on Facebook, Google+, YouTube, LinkedIn, Twitter, and Instagram.

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Aquilon for ERP for SMB Certification Report


Aquilon is TEC Certified for online evaluation of enterprise resource planning (ERP) for small to medium business (SMB) solutions in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

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The Path to ERP for Small Businesses, Part 2: Evaluation of ERP Software


If you’ve gone through the research phase while looking for ERP, the next major step is the evaluation process. At the end of it, you should have a shortlist of products that best fit your needs, which will be used in the final stage: the selection.

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Microsoft Dynamics GP 10.0 for ERP for Process Manufacturing Certification Report


Microsoft Dynamics GP 10.0 is now TEC Certified for online evaluation of enterprise resource planning (ERP) for process manufacturing solutions in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

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IFS Applications (version 7.5) for ERP for the Mining Industry Certification Report


IFS Applications (version 7.5) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for the mining industry in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

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Justification of ERP Investments Part Two: The Intangible Effects of ERP


The intangible or non-financial benefits of an integrated enterprise resource planning (ERP) system can be viewed from several perspectives. For illustrative purposes, the discussion will focus on the benefits for accounting, product and process design, production, sales, and management information system MIS functions. From the overall company standpoint, ERP provides a framework for working effectively together and providing a consistent plan for action. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.

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