- Forecast by SKU, cost, item, currencies, margin, country, channel, customer location, etc.
- Drive inventory and safety stock levels according to customer requirements using the Service Level Optimizer
Lead Time Variability Is Now Taken into Account for Each Plan
ST. LOUIS (May 22, 2013) – Demand Management Inc., a leading global resource for supply chain management solutions, has announced the addition of a predictive lead time module to its Demand Solutions platform. This new feature tells users exactly when they will need to order supplies or products to have them arrive for a specified date.
Demand Management’s predictive lead time module is designed to address an ongoing challenge for supply chain planners. Because lead times typically vary by season, it can be difficult – if not impossible – for planners to order supplies so that they will arrive just in time to be used, without needing to be stored as inventory for weeks or months. The predictive lead time feature tracks every line item of every transaction, runs the data through a forecasting engine, and can then generate a lead time for any item in any month of the year.
“Supply chain planners used to be satisfied with any lead time as long as it was consistent,” says Bill Harrison, president of Demand Management. “But now that supply chains have gone global, lead times have lengthened and more and more variables have come into play. Predictive lead time helps supply chain planners develop much more realistic timelines for all their purchasing decisions. The Demand Solutions platform can now tell a buyer exactly when to purchase a particular item to have it available for a specific date.”
The predictive lead time feature can also help companies reduce risk within their supply chains. As companies seek to remain profitable in a tight global economy, they often consolidate as much purchasing as possible with low-cost partners. But a bankruptcy or natural disaster could wipe out one of these suppliers, leaving companies unable to produce many of their products for weeks or months on end. Predictive lead time lets supply chain planners run sophisticated analytics on vendor performance so that they can identify unhealthy trends before they become major problems.
"By using your business intelligence tools to analyze predictive lead time data, you can easily spot trends such as a supplier gradually taking longer and longer to fill orders,” Harrison explains. “This data gives you advance notice of potential disruptions to your supply chain. If you’re using a traditional supply chain planning system, you’ve probably never had predictive lead time functionality. We encourage you to contact your local Demand Management representative or visit our website for more information.”
Demand Management, Inc. is a leading global supply chain planning software company that offers affordable, easy-to-use tools for manufacturers and distributors who want to increase forecast accuracy, improve customer service levels and reduce overall inventory to maximize profits and lower costs. The company offers the Demand Solutions supply chain planning suite for forecast management, demand planning, collaborative forecasting and inventory planning as well as modules for advanced planning and scheduling (APS), sales and operations planning (S&OP) and point of sale analysis. Demand Management, Inc. has over 25 years of experience working with supply chain professionals and has incorporated best practices and real-world business requirements in its software from its extensive customer base in 76 countries. Demand Solutions customers include Lonely Planet, Trek Bicycle and Avery Dennison. For more information on Demand Solutions visit www.demandsolutions.com. Demand Management is a wholly owned subsidiary of Logility, Inc., which is a wholly owned subsidiary of American Software (NASDAQ: AMSWA).
For more information, please visit www.demandsolutions.com.
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty, the timing and degree of business recovery, unpredictability and the irregular pattern of future revenues, dependence on particular market segments or customers, competitive pressures, delays, product liability and warranty claims and other risks associated with new product development, undetected software errors, market acceptance of Logility’s products, technological complexity, the challenges and risks associated with integration of acquired product lines, companies and services, as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc’s current Form 10-K and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., (404) 264-5477 or fax: (404) 237-8868.
Demand Management and Demand Solutions are registered trademarks of Demand Management Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
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