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Facing A Selection? Try A Knowledge-Based Matchmaker Part 3: Comparing Three ERP Vendors
This part illustrates how selecting the right ERP product depends on each client's requirements. Epicor, QAD, and Ramco Systems' rank can change with different sets of client requirements.
1: The rank and weighted average of the vendors given these priorities is as follows: Figure 2: Rank Vendor Weighted average 1 Epicor 79.70 2 Ramco Systems 77.92 3 QAD 67.46 Note the differences the priorities between Figure 5 in Part 2 and Figure 1 (above) and the impact that has on the results in Figure 6 in Part 2 and Figure 2 (above) . Epicor s weighted average increases as Product Technology and Human Resources become more important, and Quality and Sales Management become less important.
Discrete Enterprise Resource Planning (Discrete ERP) RFI / RFP Template
Financials, Human Resources, Manufacturing Management, Inventory Management, Purchasing Management, Quality Management, Sales Management, Product Technology
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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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How to Improve the Accuracy of Your Forecasts
Increased competition, lower margins, and more customer demands mean that distributors have to provide better product availability and more services with fewer profit dollars. To accomplish this, estimates of future use of stocked items must be as accurate as possible. Discover how analyzing weighted averages, trend factors, and other formulas can help you accurately anticipate—and manage—future demand for your products.
possible. Discover how analyzing weighted averages, trend factors, and other formulas can help you accurately anticipate—and manage—future demand for your products. How to Improve the Accuracy of Your Forecasts style= border-width:0px; /> comments powered by Disqus Related Topics: Enterprise Resource Planning (ERP), Forecasting, Inventory Management, Supply Chain Management (SCM), Demand Management, Advanced Planning and Scheduling (APS), Inventory Analysis and Planning,
Your Guide to Enterprise Software Selection: Part Two
Enterprise software selection is a risky undertaking. Even after you’ve determined your requirements, the crucial software assessment and negotiation phases are potential minefields. Find out how you can reduce the risk involved in choosing a solution that meets your needs.
and accurately using TEC s weighted average composite index (WACI). This index measures the consistency with which product capabilities correspond to client requirements and priorities. It also overcomes the risk of using weighted averages alone, which can often mislead users into selecting products that do not closely match their requirements, since weighted averages can conceal product performance inequalities. ( Click here for larger version ) Figure 2: Weighted average versus weighted average
Facing A Selection? Try A Knowledge-Based Matchmaker Part 4: User Recommendations
This tutorial identifies the significance of researching technology vendors to both buyers and vendors/VARs. Buyers require research to determine the short list and vendors/VARs can use research to assess the viability of opportunities before committing time and money to a sales effort. Since a 'one-size-fits-all' product is still not a viable solution for most clients, the ability of technology products to meet clients' needs depends on client requirements. The Catch 22 for both buyers and vendors/VARs is to pinpoint the right match in this ongoing 'dating game'.
enterprise application software,software selection,selecting enterprise technologies,selection practices,selection processes,strategic technology selections,selecting complex systems,value added resellers,software vendors,strategic it acquisitions,selecting software vendors,evaluation process,selection project teams,enterprise technology evaluations,knowledge base
Lose the Starry Eyes, Analyze: Reviewing the Ideal Candidate for EMR Innovations ProcessPro
This is an examination of EMR Innovations' ProcessPro ERP solution. Companies can begin determining if it is worthwhile to pursue a relationship with EMR Innovations by considering the selection criteria which are most supported by the vendor. We ask the question, all things being equal, which modules are the most complete in their contribution to the product's functionality.
shows the various modules weighted such that each one is equally important to the product s functionality. The graph s solid line reveals how much EMR Innovations solution contributes to the product s functionality. Figure 1. EMR Innovations indicated they support 1301 or 42% of all the criteria we asked about for the evaluation. EMR makes a lot of other functionality available through modification, customization, or the support of a third-party. ProcessPro appears, at first glance, to emphasize
Legacy Single Sign-On: Novell, Evidian, IBM, PassGo, or Computer Associates?
As the complexity of enterprise systems increases, users are often forced to remember more and more passwords. As the demand on users increases, many users choose to write down their passwords, and by doing so, jeopardize security.
the product feature sets. Weighted Comparison Although the table below outlines the good and bad points of each product, determining the best product isn t as simple as counting to see which product has the most points. The reason for this is that some features are more important than others and therefore disserve stronger consideration. The chart below is a weighted comparison of the products based on which features are the most important. In this analysis, each product has been given between one and
A Case Study and Tutorial in Using IT Knowledge Based Tools Part 2: A Tutorial
This tutorial, part 2 of a two part series on Knowledge Based Selection, demonstrates the selection processes and capabilities of Knowledge Based Selection Methods and Tools. These tools, integrated with business decision making procedures, can arguably reduce selection risk and improve chances for success in IT projects. Given the appalling rate of IT project failures, selection can potentially help reduce risk in some 30% of cases, with an associated estimated cost of about $30B annually to industry according to some sources. In this tutorial, we illustrate a number of the procedures for rapid decision processing through the real-life selection of a PDA device. The process gave confidence to the argument to wait for the solution, while weighing risk against return.
iPAQ has the highest weighted average value all the way round, and the Jornada only achieves near-parity when the lower priority criteria are included. I can interpret this as the iPAQ having more of what is important to me. Figure 2. How the decision appears when lower priority criteria are neglected. At 11 o clock in the spider, all the criteria are included in the decision. Going counterclockwise, more criteria are excluded. At twelve o clock, we re basing our decision solely on Basic Supported
Measuring the Business Value of IT
Many organizations do a poor job of measuring the business value of their IT investments. Simple financial metrics are not good enough. But there are a number of consistent, repeatable, and credible measurement methodologies that hold both business users and IT departments accountable. Compare four methodologies, and learn how adding one of them to your overall governance framework can improve your IT investment returns.
on a set of weighted criteria that include such things as customer need, business and technical risks, strategic fit, revenue potential, level of required investment, and quantification of innovation and learning generated. Each project is given a numerical score for each criterion and the weighted totals are summed to give a single quantitative number for its business value. Weightings are assigned based on each criterion s importance given the ongoing business strategy and business environment. IT
Quantum Retail: Challenging the "Enterprise Apps Establishment" and Retailers' Mindset - Part 1
<!--StartFragment--> Every year-ending holiday season reminds us of the importance of consumer spending and the retail sector for the United States (US) and global economies. Many economists and pundits are then awaiting with trepidation the Black Friday sales outcome and reported consumer sentiment or Consumer Confidence Index (CCI) as bellwethers of the economy in the New Year. While this
the most relevant results, weighted to reflect significance, and to continuously update seasonality in addition to merchandize lifecycle and overall demand. Part 2 of this series will continue with an in-depth discussion with one of Quantum’s executives. Until then, your comments and opinions with regards to typical retailers’ issues and solutions are more than welcome. I would certainly be interested in your experiences with various retail software tools in general and with Quantum in
A Modern Tale of Long (Supply Chain) Tails -- Part I
As a little kid growing up in former (and erstwhile happy) Yugoslavia and watching my elders, day in, day out, downing dozens of strong Turkish coffees with their neighbors and relatives (while discussing sports, weather, world politics, and the neighborhood gossip) I would sometimes naively ask for a sip of coffee. The deterring line (a bogey-man tale) from my folks would be that “kids that drink
organizations still measure the weighted mean absolute percentage error (WMAPE), which is an appropriate key performance indicator (KPI) for a small number of items with high volumes and high demand forecast predictability (that form the “head” of the supply chain). But this metrics largely masks the forecast accuracy of slow-moving products that have low volumes and low demand forecast predictability (and that form the ever-longer “tail” of supply chains). Where Does the Tail Start? To be
E2open Launches E2 Rapid Resolutions
E2open, a provider of cloud-based solutions for collaborative execution across global trading networks, recently announced the addition of E2 Rapid Resolutions to extend E2open's flagship E2open Business Network with cross-network prescriptive analytics for decision support. More than 35,000 trading partners, with over 108,000 unique registered users, currently participate in the E2open Business
alternatives scored to user-defined, weighted priorities. The solution can identify actual and predicted disruptions to determine the scope and impact and separate what is important from simple noise. E2 Rapid Resolutions then prescribes resolution options based on operational and financial priorities. Considerations include customer service levels, cost to serve, alternate sources of supply, and shipping mode/lane alternatives. Then, and this is important to note, E2open can directly execute the
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