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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


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

statistical forecasting  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.

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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.

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

How Inventory Optimization Can Increase Your Profitability


One of the largest expenses for distributors and wholesalers is stock. Many have difficulty finding the perfect balance between ensuring products are available when they’re needed and not holding too much inventory. So, how is it possible to increase profitability while lowering inventory costs? By exploiting an inventory optimization system, businesses increase automation and collaboration—allowing greater profitability.

statistical forecasting  out to achieve this. Statistical forecasting provides an accurate report on previous selling volumes and patterns. While this is useful information, it cannot deliver true inventory optimization because very few supply chains are consistent year on year and this leads to inaccurate forecasting data. For example, for many consumer electronics products, the life cycle is only a few months. This does not lend itself to accurate year on year statistical analysis. In combination with statistical forecasting Read More

IBM SPSS-Making the World Smarter with Predictive Analytics


I recently had the opportunity to speak with IBM and take a closer look at the vendor’s SPSS product portfolio, some if its main functions and features, and how it fits within IBM’s overall analytics strategy. Here’s a sneak peek into SPSS and IBM’s analytics strategy. SPSS Part of IBM’s Smarter Planet Initiative In recent years, particularly with the acquisitions of important analytics

statistical forecasting  them with all the statistical and predictive analytics functions they need to perform their jobs. Having such a large set of offerings for business analytics can come with challenges, however. Some functional elements within IBM’s Analytics product stack can be duplicated or can overlap, which can make it difficult for potential customers to identify which solutions provide the best combination for their specific needs. Such is the case for SPSS Forecasting functionality and Cognos Forecasting Read More

ToolsGroup-Going Back to Its SCP Roots


What has ToolsGroup, the expert in demand-driven SCP, been doing to address demand and supply variability? Read P.J. Jakovljevic’s article and see how ToolsGroup has developed sophisticated software that analyzes demand history across multiple dimensions, enabling companies to obtain more accurate forecasts and inventory targets for driving outstanding customer-service levels with less global inventory in their supply chains.

statistical forecasting  by using a highly statistical approach. At ToolsGroup, we statistically model demand volatility across multiple dimensions such as line-order quantities, order-line frequency, and forecast error to understand it better. So I guess you could say we are the nerds when it comes to understanding demand volatility and its impact on demand forecasting, demand sensing, and inventory optimization.  TEC: How would you describe the importance and differentiation of your Machine Learning Engine (MLE) in plain Read More

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.

statistical forecasting  disciplines including data mining, statistical analysis, forecasting, and decision support. Read More

Driver-Based Planning for Budgets and Forecasting


Line managers and finance staffs are frustrated by the inadequacies of spread-sheet based planning systems for delivering useful budgets and rolling forecasts. A major problem is the disconnect between the operational elements of a business and financial plans. What's missing is driver-based planning, a best practice methodology where financial plans incorporate assumptions about business activities which are modeled to drive financial data such as revenue projections, headcount, spend-ing and capital requirements. Learn how driver-based planning, empowers managers to do better budgeting and, in particular, improve the accuracy and decision making usefulness of rolling forecasts.

statistical forecasting  Based Planning for Budgets and Forecasting Line managers and finance staffs are frustrated by the inadequacies of spread-sheet based planning systems for delivering useful budgets and rolling forecasts. A major problem is the disconnect between the operational elements of a business and financial plans. What's missing is driver-based planning, a best practice methodology where financial plans incorporate assumptions about business activities which are modeled to drive financial data such as revenue Read More

ERP for the Fashion and Apparel Industry RFI/RFP Template


Financials, Human Resources, Process Manufacturing Management, Inventory Management, Forecasting, Reservations & Allocations, Purchasing Management, Quality Management, Sales Management, and Product Technology

statistical forecasting  for the Fashion and Apparel Industry RFI/RFP Template The ERP for the Fashion and Apparel Industry RFI/RFP Template lists and describes 3739 features and functions found in ERP for the Fashion and Apparel Industry software solutions. This ERP for Fashion Industries Template can help you save time, control costs, and communicate clearly with vendors at nearly every stage of your ERP for the Fashion and Apparel Industry software selection projects. Features and functions included in this ERP for Fashion I 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.

statistical forecasting  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

Unified Planning and Consolidation


Executive teams are under great pressure to maximize profitability, reduce costs, minimize risk, and improve stakeholder confidence. To be effective, they need reliable, up-to-date financial and operational data for planning purposes as well as budgeting, forecasting, analysis, and statutory and management reporting. Learn about software solutions that can help your organization plan, forecast, and budget more effectively.

statistical forecasting  Planning and Consolidation The SAP BusinessObjects Planning and Consolidation application unifies and streamlines the planning, budgeting, and forecasting process and can enable a faster close. Finance-owned and maintained, the application unifies planning, financial consolidation and management reporting for the enterprise - improving budget cycle times, driving compliance with regulatory and financial standards, helping reduce external audit costs, instilling confidence, and reducing business Read More

Demand Management RFI/RFP Template


Promotion Planning, Pricing and Profit Optimization, Forecasting, Merchandise Planning, Life Cycle Planning, Consensus Planning,Collaborative Planning, Sales and Operations Planning (S&OP), Vendor Managed Inventory (VMI) Replenishment, Event Planning, Metrics and Reporting, Demand Management Systems Architecture, Product Technology

statistical forecasting  Management RFI/RFP Template The Demand Management RFI/RFP Template lists and describes 535 features and functions found in Demand Management software solutions. This Demand Management Template can help you save time, control costs, and communicate clearly with vendors at nearly every stage of your Demand Management software selection projects. Features and functions included in this Demand Management Template: Promotion Planning Pricing and Profit Optimization Forecasting Merchandise Planning Life Cy Read More

SAP BusinessObjects Planning and Consolidation


The SAP BusinessObjects Planning and Consolidation application can help unify and streamline the planning, budgeting, and forecasting process, and can enable a faster close. Finance-owned and maintained, the application unifies planning, financial consolidation, and management reporting for the enterprise-which can improve budget cycle times, drive compliance with regulatory and financial standards, help reduce external audit costs, instill confidence, and reduce business risk. With SAP BusinessObjects Planning and Consolidation, functionality companies need to meet their bottom-up and top-down financial and operational planning requirements, as well as complete consolidation and reporting, is available through a single, unified application and user interface. Companies can benefit from the following advantages: Improved agility-quickly model new business scenarios and decide on a course of action that maximizes value creation. Reduced cycle time-finance and line-of-business managers can collaborate in a unified landscape, streamlining the process of creating and approving plans, budgets, and forecasts. Minimized business and compliance risk-transparent financial data and a single version of the truth enable fast, accurate management and statutory reporting. Increased user productivity-an intuitive interface and familiar office tools help workers make the most of their time.

statistical forecasting  BusinessObjects Planning and Consolidation The SAP BusinessObjects Planning and Consolidation application can help unify and streamline the planning, budgeting, and forecasting process, and can enable a faster close. Finance-owned and maintained, the application unifies planning, financial consolidation, and management reporting for the enterprise-which can improve budget cycle times, drive compliance with regulatory and financial standards, help reduce external audit costs, instill confidence, and Read More

LTT Planner


LTT Planner includes modules for demand forecasting, inventory planning, master production scheduling, distribution requirements planning, and daily actionable report generation.      

statistical forecasting   Read More

Smart Software for Service-level Driven Forecasting


The issue of forecasting intermittent demand has been one that has plagued companies forever. Many very smart people have tried to tackle it; many vendors like to say they focus on it. Few vendors make it as singular a focus as Massachusetts-based Smart Software. Principals Charles Smart, Nelson Hartunian (Ph.D.), and Thomas Willemain(Ph.D.) have been studying the issue for almost 30 years, have

statistical forecasting  Software for Service-level Driven Forecasting The issue of forecasting intermittent demand has been one that has plagued companies forever. Many very smart people have tried to tackle it; many vendors like to say they focus on it. Few vendors make it as singular a focus as Massachusetts-based  Smart Software . Principals  Charles Smart ,  Nelson Hartunian (Ph.D.) , and  Thomas Willemain(Ph.D.)  have been studying the issue for almost 30 years, have perfected their own proprietary forecasting Read More

Case Study: IAP Worldwide Services


IAP, a support services provider to the US Department of Defense and other federal customers, had to address the increasing challenges of forecasting and budgeting. Its old financial system required time-intensive data entry and lacked the functionality for detailed resource planning and reporting. Of all business analytics products, IAP found Cognos TM1 offered the speed, agility, and Web-based functionality it needed.

statistical forecasting  Study: IAP Worldwide Services IAP, a support services provider to the US Department of Defense and other federal customers, had to address the increasing challenges of forecasting and budgeting. Its old financial system required time-intensive data entry and lacked the functionality for detailed resource planning and reporting. Of all business analytics products, IAP found Cognos TM1 offered the speed, agility, and Web-based functionality it needed. Read More