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Software Functionality Revealed in Detail
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 track forecast accuracy scm

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

Supply Chain Management (SCM) RFI/RFP Template

Demand Management,Supply Chain Optimization,Warehouse Management System (WMS),Production and Supply Planning,Service Parts Planning,Transportation Management System (TMS),International Trade Logistics (ITL),Order Management,Supply Chain Event Management,Supplier Relationship Management (SRM),Product Technology  

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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 management software should be postponed. If you do have some pain in one or more of these areas, then you can follow the concepts in this article to understand the potential of supply chain management software to fix the cause of the pain and improve your bottom line. This part discusses the challenge of limited time to perform analysis.

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

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 management (SCM) provider Logility. The blog post then discussed Logility’s acquisition history to set the stage for the current offerings that Optiant will join. The 2004 acquisition of Demand Management, Inc. (DMI) and its Demand

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

J.D. Edwards Finds Its Inner-Self Within Its 5th Incarnation


By espousing its namesake 5th generation of products that preserves flexibility and provides much more of its own ‘must have’ collaborative applications (i.e. SCM and CRM), J.D. Edwards may start looking forward to the future with its new winning attitude.

track forecast accuracy scm  capabilities to collaborate and track forecast changes; and The flexibility to import and export data from Microsoft Excel spreadsheets directly into or from the Demand Consensus application Based on its Strategic Network Optimization ( SNO ) application, Tactical Network Optimization ( TNO ) provides a simpler interface to this powerful solution, giving mid-sized enterprises the power to plan and optimize the design of their production and distribution networks, and thereby reduce overall operating 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 manufacturers optimize pricing capabilities and better understand their markets. Yet to get the most out of these tools, manufacturers must be willing to reorganize their planning processes—and to share the resulting insights with supply chain partners and customers.

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 more accurate. You can make an assumption on how much improvement might be possible. This part discusses the challenge of performing the data analysis.

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

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

track forecast accuracy scm   Read More

Infor Introduces Infor Factory Track for Manufacturing Process Automation


Infor has announced a new suite of cloud-based solutions for comprehensive manufacturing process automation—Infor Factory Track. The solution suite is built to provide manufacturers across all industries a set of solutions to improve operational efficiencies across the warehouse and on the shop floor.

track forecast accuracy scm  Introduces Infor Factory Track for Manufacturing Process Automation Infor has announced a new suite of cloud-based solutions for comprehensive manufacturing process automation —Infor Factory Track. The solution suite is built to provide manufacturers across all industries a set of solutions to improve operational efficiencies across the warehouse and on the shop floor. The solutions were built using Infor’s Mongoose rapid application development platform from the ground up to provide the latest Read More

Integration Appliances: The Fastest Track to Master Data Management


While the idea of enterprise-wide data management is conceptually simple, it is extremely difficult to implement in most organizations, due to differences between heterogeneous databases and applications. However, conventional integration software is not required to achieve consistent management of customer data. In fact, integration appliance technology can greatly simplify and reduce the cost of master data management (MDM).

track forecast accuracy scm  Appliances: The Fastest Track to Master Data Management While the idea of enterprise-wide data management is conceptually simple, it is extremely difficult to implement in most organizations, due to differences between heterogeneous databases and applications. However, conventional integration software is not required to achieve consistent management of customer data. In fact, integration appliance technology can greatly simplify and reduce the cost of master data management (MDM). 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.  

track forecast accuracy scm  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 Read More

Not all SCM Products Are Created Equal


In this article, we examine capabilities of five top Supply Chain Management software vendors in several key areas of functionality: material procurement planning, manufacturing planning and scheduling, distribution and transportation management, and inventory management and warehousing.

track forecast accuracy scm  order management, and supplier tracking and rating. Manugistics comes out on top within material procurement planning, though Adexa finishes a close second. Among the remaining vendors, only i2 may be the biggest surprise given its acquisition of Aspect Development and SupplyBase, though one should remember two things: these acquisitions are fairly recent and i2 has yet to demonstrate a competent, fully integrated application   product catalog integration is but one of many functional sub-criteria If it Read More

SCM Software for Real World Manufacturing: A Case for Mission Critical Use


In an ideal world, we can have an exception free manufacturing operations. And for the most part, it will be a "management by exception" operations with no constraints or bottlenecks to worry about. But in reality manufacturing is all about managing constraints. A lot of constraints! This article discusses the impacts of constraints on manufacturing planning and execution and how a well implemented SCM software can help in overcoming these constraints.

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Managing Vendor Code Customizations with AccuRev Stream-based SCM


Customizing third-party “vendor” source code is becoming increasingly common. But managing the incorporation of vendor application releases alongside customizations requires an additional layer of software configuration management (SCM) to integrate subsequent vendor releases. Traditional branch-based SCM tools require an unnecessarily complex branch-and-merge process. However, there is a more intuitive and efficient parallel development model for managing customizations to vendor code.

track forecast accuracy scm   Read More

Greentree Helps Get Global Rail Operator on the Right Track


Veolia Transport required a locally supported yet highly capable financial product that could be tailored to suit its needs. With over 100 years of public transport operations experience in 25 countries, the company quickly understood that Greentree was exactly what they needed to help transform Auckland’s rail system into a modern, efficient, and integrated public transport service.

track forecast accuracy scm  Operator on the Right Track Veolia Transport required a locally supported yet highly capable financial product that could be tailored to suit its needs. With over 100 years of public transport operations experience in 25 countries, the company quickly understood that Greentree was exactly what they needed to help transform Auckland’s rail system into a modern, efficient, and integrated public transport service. Read More