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Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Documents related to » track forecast accuracy scm


Identifying the ROI of a Software Application for SCM Part 1: We Need To Know Now
If you are not experiencing organizational stress in some of the areas where the benefits may occur, then perhaps a decision to invest in supply chain

track forecast accuracy scm  Planning    If you track the accuracy of your forecasts, then you have some idea whether or not your company anticipates marketplace requirements well. However, you must look beyond the aggregate annual revenue projection. To understand the impact of demand planning on operations, it must be examined at a level that can be executed. In other words, are you accurately anticipating the requirements for parts, people and processing at a fairly detailed level? If significant forecast misses regularly Read More...
Demand Planning: Optimizing Operations across the Supply Chain
Demand planning applications can help manufacturers establish baseline sales forecasts and perform analysis to improve resource usage. They can also help

track forecast accuracy scm  distribution plans accordingly. We track our forecast accuracy, so that we can see a forecast wandering out of the norm, says the director of production planning and forecasting at a large packaged foods manufacturer. We want to know exactly the number of weeks we are above or below a certain accuracy level in our forecast. That way, we build up a consistent trend of error. Granted, this food manufacturer has a special business need to minimize the amount of product lost due to expiration at Read More...
Identifying the ROI of a Software Application for SCM Part 3: Performing the Data Analysis
By using software tools that help you forecast and work together with others inside your organization, and even with your customers, the forecasts may become

track forecast accuracy scm  procedure in place to track premium shipments that are paid by your company by reason code. Take the premium freight that is caused by bad forecasts to the bottom line. Then, since you made an assumption that forecasts could be 50% more accurate, you will need to perform some sensitivity analysis. Vary the 50% and see what the results tell you. This kind of simulation model can be created with a spreadsheet tool. Data Analysis Challenge Summary    Borrowing the Pareto and Ishikawa tools from TQM Read More...
ChemicalsWorld.com Debuts On The Web
ChemicalsWorld.com, a new Internet marketplace offering value-added services for users in the chemicals industry makes its debut.

track forecast accuracy scm  optimize inventory deployment, and track orders and shipments. Part of the difficulty lies in the novelty of performing mission critical activities over the web and the hype surrounding the benefits that can be achieved. Market Impact The scope and ambition of ChemicalsWorld eclipses that of ProcessCity.com, Aspen Technology''s venture for the process industry launched just three months ago. ProcessCity has a wider industry focus than ChemicalsWorld, but does not attempt to offer a business-to-business Read More...
Optiant Going to a (Much) Better Place: Logility - Part 2
Part 1 of this series analyzed the late-March acquisition of long struggling inventory optimization (IO) provider Optiant by long well-performing supply chain

track forecast accuracy scm  set up metrics that track the pulse of the business and  alert notifications  that prioritize work. Some examples of user-configured  key performance indicators (KPIs)  are  mean absolute percentage error (MAPE)  and inventory turns, while exception criteria could be if orders exceed forecast or if the inventory level gets below safety stock. Users may have multiple profiles (roles) with relevant KPIs and alerts, such as budget planning, forecast monitoring, S&OP, and so on. Value Chain Read More...
Are You on the Right Track to Lean - or Getting Left behind?
Find out in the aberdeen white paper the impact of lean on consumer product manufacturers.

track forecast accuracy scm  You on the Right Track to Lean - or Getting Left behind? While consumer goods manufacturers have been slow to go lean, the industry is finally catching up: 52 percent of consumer goods companies are committed to reducing manufacturing and supply chain costs and 48 percent are setting goals to implement continuous improvement programs . So where does your company stand when it comes to lean? Are you on the right track—or are you getting left behind? Find out in the Aberdeen white paper The Impact 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

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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

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Mid-Market ERP Vendors Doing CRM & SCM In A DIY Fashion Part 2: Market Impact
Tier2/Tier 3 vendors are prepared to endure the onslaught of the likes of SAP, Oracle, and PeopleSoft, as well as of proverbial mid-market leaders such as J.D

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A Tale of a Few Good SCM Players - Part 3
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

track forecast accuracy scm  Tale of a Few Good SCM Players - Part 3 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 was the epitome of a well-managed  supply chain management (SCM ) software company in terms of market share, growth, profitability, and its products’ capabilities. Indeed, the company set the industry standard for the supply chain execution (SCE) space and was the envy of its competitors. But Read More...
Comparative Analysis: Are You Still Confused About APS, SCM, and ERP?
Constant changes are happening in the software market, either in software delivery methods, features and functions, or software integrations with other

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PeopleSoft Gathers Manufacturing and SCM Wherewithal Part One: Recent Anouncements
Hiring the former APICS president to head its manufacturing industry efforts a year ago, the high profile acquisition of renowned manufacturing ERP provider J.D

track forecast accuracy scm  status) despite a solid track record in a deliberately selected segment. This is Part One of a five-part note. Part Two will present the market impact. Part Three will discuss project-oriented organizations. Part Four will cover MRO and spare parts management. Part Five will detail challenges and make user recommendations. Relevant History Relevant is a slightly over twenty-one years old enterprise solution provider co-founded in 1983 by Patrick Garrehy, current President and CEO, who is also a veteran Read More...
SCM Software for Mills
Demand for mill products especially in the metals and packaging industry is growing fast. This presents a good opportunity for the software vendors who cater to

track forecast accuracy scm  about supply chain management,benchmarking supply chain management,logistic and supply chain management,logistic supply chain management,logistics & supply chain management,logistics and supply chain management,logistics supply chain management,outsourcing supply chain management,purchasing supply chain management,supply chain,supply chain integration,supply chain inventory management,supply chain management analysis,supply chain management articles,supply chain management business 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

track forecast accuracy scm   Read More...
ERP and SCM Implementations Part One: Doing Too Much Too Soon
In order to get ahead of the systems development power curve, companies are attempting what is equivalent to executing a quadruple jump in ice skating; running

track forecast accuracy scm  opportunity to establish your track record. As a personal choice, stacking the deck can''t hurt. Starting an ERP implementation with the more basic, straightforward components, say accounts payable or general ledger, can quickly build confidence and demonstrate that the software functions according to expectations. Furthermore, it can develop a friendly rivalry between project teams. If we did it, so can you. Understand that there are tricky points that must be negotiated when you split up the Read More...

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