{"id":822,"date":"2010-05-06T12:31:11","date_gmt":"2010-05-06T19:31:11","guid":{"rendered":"https:\/\/demand-planning.com\/?p=822"},"modified":"2010-05-06T12:31:11","modified_gmt":"2010-05-06T19:31:11","slug":"the-buzz-on-demand-software","status":"publish","type":"post","link":"https:\/\/demand-planning.com\/2010\/05\/06\/the-buzz-on-demand-software\/","title":{"rendered":"The Buzz on Demand Planning & Forecasting Software"},"content":{"rendered":"
\"Maria

Maria Simos CEO e-forecasting.com<\/p><\/div>\n

A big treat in attending a conference is not only learning from attendees, but also having the benefit of one-stop shopping when it comes to vendors in the exhibit hall.\u00a0 These vendors travel across the country, often times lugging huge displays, screens, white papers and swag to meet with current and potential clients and share with them what their software can do to help assist in their planning needs.<\/p>\n

What better way to make this trip even more worthwhile than to share some top trends and news from the companies that have made the trek to exhibit this week at the IBF Best Practices Conference<\/a>?<\/p>\n

Top tier sponsors of the show JDA is coming in with major company news.\u00a0 They are now the largest single company for supply chain planning and optimizations thanks to their recent acquisitions of competing firms Manugistics and i2 as recently as January.\u00a0 With this synergy, the company now has over 6,000 companies across different industry segments using their software.\u00a0 Danny Halim, VP of Industry Strategy and Calvin (Cal) Otto, Business Development Manager shared that what makes JDA truly unique is the company\u2019s intimate knowledge\u00a0 across the entire supply chain. This includes everything from raw materials to the retail space with the consumer experience.\u00a0 Their company recently announced record first quarter profits, making Q1 the 22nd consecutive profitable quarter for the firm.\u00a0 A major trend they see is the idea of supply chains competing versus one another rather than individual companies doing so with a convergence of the supply chain.<\/p>\n

Smart Software and their Director of Sales Gregory Hartunian shared some impressive news that they have received not their first, but their second National Science Foundation Research Grant (NSF).\u00a0 Ten years ago they were awarded their first Small Business Innovation Research Grant from NSF to develop a technology called the Smart-Willemain method of forecasting intermittent demand, also known as slow moving demand.\u00a0 With their second NSF grant, Smart Software will further expand upon the Smart-Willemain method.\u00a0 With this research completed, they will be the only vendor to offer a ‘next generation’ forecasting solution for slow moving capital goods, like service and spare parts.\u00a0 Companies use this technology for a variety of applications, Kimberly Clark is using this to track in-house inventory as an example.<\/p>\n

Tom Reilly from Autobox shared news of a new joint project with HP which was presented in more detail \u00a0Friday.\u00a0 For this project, they were approached by a Principal Scientist of HP to work and develop a semi-hourly forecast model.\u00a0 By breaking the day into 48 discrete time periods they are able to better determine precise demand at specific times throughout the day.\u00a0 This methodology has been used for the last three to four months with application in call centers.\u00a0 This method also easily translates using a mixed frequency modeling approach for making power estimations for power plants.<\/p>\n

Forecast PRO’s Trac has a neat feature which shows how well the model fits with the history.\u00a0 Bob Leonard gave a brief demonstration showing the archived forecasts over time.\u00a0 Using this rich forecast archive helps track the accuracy of lead times.\u00a0 Their software is off-the-shelf and a 5 user system can be implemented for $15-22K.<\/p>\n

Boardwalktech Inc will be launching the 3.2 version of their software this June.\u00a0 The company’s collaborative platform supports concurrent multi-users\u00a0 down to the cell level using a back end system.\u00a0 The software is easy to use and can be role based.\u00a0 The real-time server recognizes who made the last change and makes notations.\u00a0 Benefits of this system include integration that takes place in weeks not months, it extends the collaboration process, reflects a complete picture of the business and provides greater visibility.<\/p>\n

SAS is excited to announce a new forecasting server plug in for SAP.\u00a0 The plug in, called SAP Advanced Planning and Optimization (APO) links to read and write from live cache. \u00a0In other company news, IBF long standing member Mike Gilliland’s intramural basketball team has won the SAS intramural championships the last 2 out of 3 years.\u00a0 (It’s not always about the forecasts, demand planners also need to have some fun, too.)<\/p>\n

John Galt Solutions Inc. has an Atlas Planning Suite which focuses on the consumer-driven supply chain.\u00a0 The suite allows for use of POS data to help assist in reaching higher levels of forecast accuracy and has over 30 models built in for planning new product launches and promotional events.\u00a0 Using POS data and forecasting new product supply are also topics that were touched upon during the speed dating session<\/a>.<\/p>\n

Logility has a supply chain management solution called Logility Voyager Solutions which is internet-based.\u00a0 Given the global nature of their client’s businesses, they have built in multinational support.\u00a0 The costs and prices are given not only in the currency of the items ‘home market’ but also in local and regional currencies.\u00a0 With this built into the system, it helps users build rollups to greater levels of detail for their inventory, production and transportation plans worldwide.<\/p>\n

RockySoft Corporation has the Inventory Management Suite with Demand Manager and Requirements Planner, aiding clients in reducing inventory.\u00a0 The suite also includes S&OP and Economic Order Manager (EOM).\u00a0 With these tools, clients are able to work with the full supply chain to determine forecasts, procurement needs and replenishment quantities. Using this software also allows practitioners to take advantage of price breaks and volume discounts and also use the suite as a support tool to make decisions on a management level for inventory valuation and performance monitoring.\u00a0\u00a0 One key feature with the EOM tool is that you can easily compare annual costs of inventory with the annual cost of ordering based on varying volumes.\u00a0 The suite is easy to use and training on the new system can be done in only four hours.\u00a0 RockySoft’s applications are comprehensive but not complex.<\/p>\n

Another vendor is working to optimize the time it takes to make demand forecasts.\u00a0 OM Partners USA has \u00a0Abhi Patel at the show sharing information on their supply chain planning software.\u00a0 Their core strength comes with the ability to integrate the forecast with S&OP planning and scheduling.\u00a0 The company has a variety of suites that peel time down from a 4-week to possibly one or two week cycle.<\/p>\n

A lot was learned by walking around and visiting with the vendors during the Best Practices Conference.\u00a0 At times, and I know this because I have exhibited at a fair number of shows myself, attendees are not necessarily jumping at the chance to come talk to vendors.\u00a0 Being on the other-other side of things this time around working as an ambassador and live-tweeting and blogging about the event though, I found that the folks exhibiting at the show were just truly excited about the new things their companies are doing.\u00a0 So many new applications are being developed in this space and it is a real energizing time in the field.\u00a0 So next time you are at a show, take some time to hear what’s new in the industry.\u00a0 Visit with the vendors and simply ask, ‘what’s new?’\u00a0 It just may be the best way to see what’s next.<\/p>\n

Maria E. Simos is CEO of e-forecasting.com, an economic research and consulting company based in Durham, NH with clients ranging from media, academics, federal banks, major manufacturers to other consulting firms.\u00a0 In her role, Ms. Simos works to further develop the reach of e-forecasting\u2019s economic data and reporting capabilities. She also works closely with clients to ensure that they are receiving the important forecasts, economic data and support needed to be successful. She promotes the work of e-forecasting.com and provides economic analysis through her twitter account (@mesimos) and via other social media outlets.\u00a0 Ms. Simos holds a Master\u2019s Degree in Management from Carnegie Mellon University where she focused her research on management and network analysis. Her research explored social and business networks and their tie in to culture in organizations. \u00a0Her undergraduate study was completed at the Tepper School of Business at Carnegie Mellon.<\/p>\n","protected":false},"excerpt":{"rendered":"

A big treat in attending a conference is not only learning from attendees, but also having the benefit of one-stop shopping when it comes to vendors in the exhibit hall.\u00a0 These vendors travel across the country, often times lugging huge displays, screens, white papers and swag to meet with current and potential clients and share […]<\/p>\n","protected":false},"author":166,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[151,65,152,34,67,153,146,147,154,139,36,48,155,156,157,158,149,159,160,89,161],"class_list":{"0":"post-822","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-forecasting-and-planning","7":"tag-autobox","8":"tag-demand-forecasting","9":"tag-demand-forecasting-software","10":"tag-demand-planning","11":"tag-demand-planning-and-forecasting-conference","12":"tag-demand-planning-software","13":"tag-dpfc","14":"tag-e-forecasting-com","15":"tag-forecast-pro","16":"tag-hp","17":"tag-ibf","18":"tag-institute-of-business-forecasting-and-planning","19":"tag-jda","20":"tag-john-galt-solutions","21":"tag-kimberly-clark","22":"tag-logility","23":"tag-maria-simos","24":"tag-ompartners","25":"tag-rockysoft","26":"tag-sas","27":"tag-smart-software"},"_links":{"self":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/posts\/822"}],"collection":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/users\/166"}],"replies":[{"embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/comments?post=822"}],"version-history":[{"count":0,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/posts\/822\/revisions"}],"wp:attachment":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/media?parent=822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/categories?post=822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/tags?post=822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}