QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of
enterprise software and services for global manufacturing companies, today announced new Demand Planning capabilities as an add-on to QAD Enterprise Applications.
The QAD Demand Planning module supports collaborative forecasting and budget planning. QAD Demand Planning allows business users to access a suite of tools that enables effective collaboration while simplifying analysis across the extended enterprise.
Memory-resident planning and simulation enable rapid evaluation of the forecast including the effect of planned promotions or new product introductions. QAD Demand Planning helps customers enhance response to demand fluctuations.
QAD Demand Planning Enables Manufacturers to Gain the Following Capabilities:
- Maximize sales by optimizing inventory
- Reduce space and investment required by lowering inventories
- Reduce overstock and stock-outs by planning for demand fluctuations
- Generate realistic plans by recognizing past promotional activities
Of particular interest to food and beverage, pharmaceutical, consumer product goods and other manufacturing companies, QAD Demand Planning empowers managers to measure the accuracy of sales forecasts, which can lead to critical focus on forecast accuracy.
“QAD Demand Planning provides forecast visibility throughout your global supply chain,” said Gordon Fleming, chief marketing officer at QAD. “It enables managers to smooth out unpredictable and seasonal peaks in demand.”
Improve Customer Service and Increase Revenue
Visibility into supply and demand fluctuations enables companies to meet customer expectations and service-level goals. Rapid response can help reduce or prevent backorders and stock-outs, which can improve performance against important strategic key performance indicators (KPIs) such as
(DIFOT) or excess inventory.
“Accurate demand planning capabilities allow customers to effectively manage the right inventory at the right time at the right place,” added Fleming. “Operating with greater inventory accuracy translates into operating at peak performance during peak season for peak customer satisfaction.”