Forecast accuracy refreshed
September 1st 2011 Royal Mint is reported to have
increased its forecast accuracy and
enhanced customer service with the
deployment of Optimiza Demand
Planner (ODP) software from
Barloworld Supply Chain Software.
"ODP is a tool designed to give
demand planners an early and
accurate view of future sales plans,
booked orders and demand forecasts,
allowing rapid and effective decisionmaking,"
explains Colin Ward,
managing consultant for Barloworld
SCS. "Companies can typically
expect a 15-20% improvement in
forecast accuracy."
ODP has the ability to define
multiple hierarchies, which allows
the organisation to view data by
different channels, using product
segmentations. Dynamic profiling,
the ability to forecast products with
limited sales quantities (MALs) and
the ability to incorporate the effects
of future promotions in different
channels at different times are
features that help to enhance the
flexibility of an operation. More articles from Barloworld Handling Limited: | 
