Avercast® Introduces First ‘Supply and Demand’ View
Seamless Integration of Forecasting, Demand Planning into One Dashboard Provides New Visibility to Potential Issues and Vastly Improves Accuracy, Flexibility
Since the dawn of automated forecasting, planners have known that supply streams and demand streams are distinct, isolated and wholly separate screens... and never the twain shall meet.
Planners must predict the items you are planning to sell. The items may be ordered based on policies developed by ABC analysis, the classification of inventory items forecast in order of their estimated importance relative to cost and demand. Most enterprises apply some criteria to what they order based on a forecast. But the sources of those items—factories, suppliers or distributors—have limits such as minimum orders, capacity and quality levels, as well as lead times.
And this is where most forecasting platforms break down: they cannot show the relationship between these streams of supply and demand. One has its foot in the forecasting world—where anticipation of the unknown rules—and the other in the finite space of manufacturing and firm orders. Avercast has successfully merged the two, providing seamless integration of forecasting and demand planning into one dashboard.
“When you click between forecasting and replenishment data, it’s seamless,” said Chris Rudder, Director of Planning and Supply Chain for The AVC Group, whose planners have been using Avercast to track more than 5,000 SKUs. “You can plan your demand and then it’s almost like clicking on an Excel® tab—all the data is already populated in real time. With our old software we hit a button and went to get a cup of coffee.”
One Dashboard, One Purpose
A “dual dashboard” showing sources and resulting output gives the planner unprecedented flexibility. Until now, forecasting systems kept the streams separate, requiring a time-consuming re-loading of replenishment data. Avercast delivers this capability regardless of the number of SKUs or how many vendors in the mix.
“This is a whole new way to look at forecasting,” said Jason Averill, co-founder and executive vice president at Avercast. “Avercast’s new Aggregate Replenishment view provides unprecedented visibility to potential issues and vastly improves accuracy, flexibility and overall forecasting and customer service performance. Buying decisions and ‘what if’ scenarios can now be evaluated on their relative importance to the entire value chain.”
Avercast’s Dual Dashboard analytics requires Avercast Business Forecasting and Avercast Supply Planning. Avercast connects to most ERP and MRP systems.
About Avercast, LLC
Avercast® inventory forecasting and demand planning solutions are the world’s first easy-to-use tools to optimize inventory according to true demand. Avercast’s forecasting technology includes an industry-leading 187 forecasting algorithms to optimize product trending, sales seasonality, new product introductions, mature and aging products, intermittent product demand, low-volume and slow-moving products, product promotions and much more. Please call 208-538-5380 or visit www.avercast.com for more information or to schedule a personal demonstration using your company’s inventory and demand data.
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- Tim McGraw
- Media Relations
- Avercast, LLC
- (1) 510-845-9063
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