IT Resources Announces Allocation & Forecasting Module
IT Resources announces the addition of two new modules to the company's Buyer's WorkMate Suite of application software for the retail industry. The new modules are fully integrated to the other components of the suite: SPIN Analytics, Assortment Planning and Purchasing.
Features of the modules include:
Buyer's WorkMate Forecasting: Provides a means to forecast sales units for limited life items, also known as seasonal items. Utilizes the decision tree method to forecast sales units for seasonal items. Utilizes predictive variables to generate its forecast. Provides flexibility to customize the forecasts to meet retailers specific requirements
Buyer's WorkMate Forecasting Allocation: Provides a means to allocate items from Purchase Orders or Back Stock. Active integration to the retailer's performance data and Transaction Processing System. Utilizes SPIN analytics module for generating Allocation Tables. Allocation can also be based upon Assortment Plans (if desired). Real Time data visibility during the allocation process allows for refinement of system recommended allocations.
Features of the modules include:
Buyer's WorkMate Forecasting: Provides a means to forecast sales units for limited life items, also known as seasonal items. Utilizes the decision tree method to forecast sales units for seasonal items. Utilizes predictive variables to generate its forecast. Provides flexibility to customize the forecasts to meet retailers specific requirements
Buyer's WorkMate Forecasting Allocation: Provides a means to allocate items from Purchase Orders or Back Stock. Active integration to the retailer's performance data and Transaction Processing System. Utilizes SPIN analytics module for generating Allocation Tables. Allocation can also be based upon Assortment Plans (if desired). Real Time data visibility during the allocation process allows for refinement of system recommended allocations.