SmartOps Corporation, the leading provider of enterprise-class supply chain planning and optimization software, today announced the availability of Enterprise Demand Sensing (EDS) – the first cloud-based analytics application to predict demand trends in order to boost sales, reduce stock-outs, and reduce expediting costs.
“We are thrilled to co-innovate with our customers on a new approach for managing market-driven value networks. Companies can enhance supply chain agility to mitigate effects of market volatility through our Enterprise Demand Sensing and Enterprise Inventory Optimization product portfolio.” said Gerry Perham, SmartOps CTO. “Enterprise Demand Sensing and Demand Analytics are the first applications on SmartOps’ new Cloud-based product portfolio, which we believe will dramatically reduce time to value and ownership complexity for our customers.”
EDS automates the capture of demand trends, prediction of forecasts and sales order bias, and recognition of demand patterns to increase forecast accuracy at the level of granularity required for supply chain planning and execution. EDS is designed to work with demand signals within the enterprise as well as external signals such as downstream POS data contained in Demand Signal Repositories. EDS helps improve performance of traditional time-series based forecasting systems that focus on historical information but ignore current demand signals. With embedded analytics and scenario analysis capabilities of EDS, companies can increase supply chain agility with fact-based demand response strategies and assess effectiveness of product promotion and launch activities.
Other products in SmartOps product portfolio include:
• Enterprise Inventory Optimization (EIO) – EIO is a comprehensive suite of software modules that enables organizations to plan and manage inventories across global supply chains. EIO modules allow you to analyze crucial inputs and signals, model the impact of decisions on global inventories, and help ensure balanced inventory levels while respecting service levels and minimizing risk.
• Analytics Intelligence Module (AIM) – AIM provides a brand new way to view and report on supply chain analytics and performance. SmartOps leverages SAP BusinessObjects Enterprise (BOE) modules with a pre-configured data universe and reports for common workflows including S&OP, supply chain performance monitoring, executive dashboards, and ad-hoc reporting.