SOLUTIONS 
Inbound Logistics
Using Foresight Technologies’ solutions, your company is guaranteed to decrease material acquisition costs and reduce average inventory.
Our technology grew out of a desire to design the best system for companies to forecast sales. Since existing historical and statistical-based systems contain an unacceptable margin of error, we designed a demand planning system that applies the latest advancements in artificial intelligence and neural networking.
Our unique value chain focuses on the raw and produced materials needed for your manufacturing process to ensure you are maximizing your purchasing power. Foresight Technologies starts with a better baseline forecast that helps you appropriately increase or decrease your materials order to guarantee efficient operations.
Using Foresight Technologies’ solutions, your company is guaranteed to decrease material acquisition costs and reduce average inventory.
The supply chain tools we offer for your inbound logistics planning include:
Time-Phased Distribution Requirements Planning
While the sales forecast tells a company how much to expect in sales, Time-Phased Distribution Requirements Planning (DRP)
highlights what, when, where and how much of each product is needed at each location in order to meet that forecast. These requirements are time-phased and prioritized, and can be extrapolated to plan future human and material resources requirements effectively.
In the real world, things don’t always go as planned. Products sell more than predicted, or less. Deliveries from suppliers are late. Production equipment breaks down. Foresight’s edge in this area is the visibility our software offers. Planners can quickly display in graphic detail the specific data and assumptions behind any requirement. This gives companies the tools to investigate and understand what is driving requirements to help them make mid-course corrections a computer might miss.
Material Requirements Planning
MRP is a very simple process. The computer should not make it more complex than it is, but surprisingly, many programs do. Foresight makes MRP maintenance intuitive and fast.
For companies that produce products with component parts, Material Requirements Planning (MRP) breaks out requirements for those components. The full integration of modules in the Foresight suite makes this information available instantly at other steps in the supply-chain process.
Download the complete Foresight Technologies Module Overview (PDF)