Foresight Demand Planning Software News
Demand Foresight Launches platform for Growth and S&OP Maturity
Denver,CO – (January 26, 2012) – Demand Foresight today announced a Sales and Operations Planning software platform for midsize manufacturers, distributors and consumer packaged goods companies to build and mature their supply chain and S&OP processes while reducing forecast error by 25%. The Platform for Growth is built to give growing companies the flexibility and scalability to adapt as their business requirements change, supporting each company’s unique methodologies and approach.
According to Tenneco Packaging Corporation Master Scheduler Teri Metzer,“[Demand Foresight] understands my business and its needs. The programming is built to support the business, rather than changing the business to fit a pre-established computer model.” Demand Foresight provides personalized solutions that are relevant to its users, now. Clients only buy modules that serve their needs instead of being forced to purchase a license for an entire suite and then pay a second time to implement the individual modules.
Available modules for forecasting and planning that comprise the S&OP software platform are:
- Demand Forecasting
- Inventory Planning
- Materials Requirements Planning (MRP)
- Distribution Requirements Planning (DRP)
- Freight Reporting
- Purchase Planning
- Deployment Planning
- Load Building
- Market Plan Tracker
- Capacity to Promise
- Pricing
Mannington Mills Selects Demand Foresight S&OP Software To Improve Forecasting Accuracy
Leading Flooring Manufacturer to Optimize Purchasing and Inventory Planning
GOLDEN, Colo. – (December 10, 2010) – Mills, an American manufacturing pioneer with a nearly hundred-year history producing commercial and residential flooring, has chosen Demand Foresight software to optimize its supply chain management and forecasting capabilities to better compete within the rising global marketplace for manufactured commodities.
“With the implementation of Demand Foresight software, I fully expect to improve our forecasting accuracy by 25% or more, and meet or exceed current customer expectations while reducing inventory levels,” said Curtis Martin, VP of Supply Chain Operations at Mannington Mills.
For Mannington Mills, it was essential Demand Foresight integrate easily into its existing SAP-based ERP software infrastructure, with as little administrative disruption as possible, and be easily maintained and accessed within a diverse user base.
“With users ranging from our own ERP team, to sales and marketing, to administrative staff – and with our mix of sourced and manufactured product – we need every financial planning advantage we can to optimize lead times and inventories,” said Martin. “Unlike traditional forecasting tools that use backward-looking statistical models to analyze historical data, Demand Foresight correlates leading indicators with past activity, dramatically enhancing our ability to purchase or supply according to forecasts.”
About Demand Foresight Software
Based on the premise that reducing forecasting error is the single most important investment to improve supply chain performance, Demand Foresight’s Demand forecasting and planning software sets new standards in reducing errors and increasing profitability for manufacturers and distributors. Demand Foresight’s advanced, next-generation forecasting engine works within existing IT environments, and has saved clients billions of dollars through improved and measurable business decision-making. Product performance is backed by the strongest guarantee in the software industry: clients will achieve at least 25% reduction in forecasting error and be completely satisfied or get their money back. For more information, please visit www.demandforesight.com.
Colorado Craft-Beer Maker Brews Up High Levels of Customer Service With Foresight.
TTI Floor Care Enlists Best-of-Breed Forecasting to Drive Better Customer Insight and More Profit
Maker of Hoover, Dirt Devil to implement Demand Foresight’s next-generation demand planning and forecasting solution
Glenwillow, OH (PRWEB) May 12, 2010
TTI Floor Care North America, makers of Hoover and Dirt Devil vacuum cleaners, has selected Demand Foresight’s best-of-breed demand planning and supply chain management software.
The move — made after vetting multiple vendors and consulting with AMR Research — is designed to improve forecast accuracy, unite operational functions, and forge better relationships with large retailers. Supply chain software’s increasing sophistication is giving manufacturers and distributors the insight to help their retail partners earn more profit on the products they make and supply.
“The insight we get from Demand Foresight is going to help us better understand and serve our customers, as well as tie our inventory to the forecast,” said Toby Gandy, TTI Floor Care North America’s director of forecasting and sales and operations planning (S&OP).
“Our research has demonstrated a direct correlation between forecast accuracy and a company’s profitability,” said Noha Tohamy, AMR VP and Head of Research. “Manufacturers are looking for new approaches to achieve higher accuracy.”
About Demand Foresight Software
Based on the premise that reducing forecasting error is the single most important investment to improve supply chain performance, Demand Foresight’s Demand forecasting and planning software sets new standards in reducing errors and increasing profitability for manufacturers and distributors. Demand Foresight’s advanced, next-generation forecasting engine works within existing IT environments, and has saved clients billions of dollars through improved and measurable business decision-making. Product performance is backed by the strongest guarantee in the software industry: clients will achieve at least 25% reduction in forecasting error and be completely satisfied or get their money back. For more information, please visit www.demandforesight.com.
About TTI
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world-class supplier of superior home improvement and construction tools with a powerful portfolio of trusted brands and a strong commitment to innovation and quality. The portfolio that TTI offers includes a full line of power equipment products, floor care appliances, laser and electronic products employing over 20,000 people worldwide. TTI’s portfolio of global brands includes, among others, Milwaukee®, AEG®, Ryobi®, Homelite®, Hoover®, Royal®, Dirt Devil®, Regina® and Vax®. TTI is one of the constituent stocks on the Hang Seng HK MidCap Index under the Hang Seng Composite Index, the MSCI Hong Kong Index, the FTSE All-World Hong Kong index, the FTSE/Hang Seng Asian Cyclical Index and the Dow Jones Hong Kong Titans 30. For more information, please visit www.ttigroup.com.
One of America’s Biggest Private-Label Snack Nut Manufacturers Goes Best-of-Breed with New Forecasting Software
JBSS taps Demand Foresight to master demand planning and supply chain management for 3,500 distinct products
GOLDEN, Colo. – (March 18, 2010) – John B. Sanfilippo & Son (NASDAQ: JBSS), maker of Fisher Nuts and one of America’s largest private-label snack nut manufacturers, has begun implementation of Demand Foresight’s best-of-breed demand planning and supply chain management software.
Based in Illinois, JBSS has five processing facilities nationwide and over $500 million in annual sales from retail, wholesale and private label channels — domestically and overseas. In addition to managing many products from field to shelf, JBSS faces the challenge of planning and forecasting for more than 3,500 product stock-keeping units (SKUs).
“Our leadership team had the vision to see that reducing forecasting error was one of the fastest paths to carrying less inventory, and thus key to increasing profitability,” said Tom Kirkham, JBSS’s director of systems implementation. “For sheer mathematical horsepower, and for how the solution empowers our entire team to visualize and contribute to forecasts, Demand Foresight was the clear winner.”
The implementation marks a big leap forward for JBSS as it moves from intermittent high-level sales forecasting to execution-level forecasting, which delivers real-time, actionable insight for multiple facilities, product lines and customers.
“Our research has demonstrated a direct correlation between forecast accuracy and a company’s profitability. Manufacturers are looking for new approaches to achieve higher accuracy,” said Noha Tohamy, vice president of supply chain research at AMR Research.
About Demand Foresight
Based on the premise that reducing forecasting error is the single most important investment to improve supply chain performance, Demand Foresight’s demand planning and forecasting software sets new standards in reducing errors and increasing profitability for manufacturers and distributors. Demand Foresight’s advanced, next-generation forecasting engine works within existing IT environments, and has saved clients billions of dollars through improved and measurable business decision-making. Product performance is backed by the strongest guarantee in the software industry: clients will achieve at least 25% reduction in forecasting error and be completely satisfied or get their money back. For more information, please visit www.demandforesight.com.
About JBSS
John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of shelled and in-shell nuts and extruded snacks that are sold under a variety of private labels and under the Company’s Fisher®, Sunshine Country®, Flavor Tree® and Texas Pride™ brand names. The Company also markets and distributes a diverse product line of other food and snack items.
Demand Foresight featured in CIO Magazine Reporter Stephanie Overby of CIO looks at how Demand Foresight client Imperial Sugar used our demand planning and forecasting software to gain insight into their business, serve their clients and weather one of the biggest challenges their company has ever faced.
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