RedPrairie Introduces E²e Flowcasting
RedPrairie along with Factory 2 Shelf's Andre Martin and Retail Pipeline's Darryl Landvater, announce an exclusive global joint venture which will add E²e Flowcasting to the RedPrairie software suite. Unlike traditional forecasting, E²e Flowcasting leverages POS store data to create a model of the business. Flowcasting reports encompass product demand, transportation, financial projections, and capacity plans - which represent a common set of plans that all trading partners can agree upon.
Features of the E²e Flowcasting system include:
-Improved visibility for manufacturers - manufacturers receive an accurate picture of future customer demand allowing them to reduce safety stock levels and improve manufacturing productivity. Demonstrated results include the ability to project retailer orders one month into the future with an average error of two to three days.
-Reduced out-of-stocks and increased sales - if POS sales on any given day are higher than expected, the chain reaction of demand automatically reacts. Current Flowcasting users have found an increase in forecast accuracy and reductions in out-of-stock merchandise.
-Enhanced and improved collaborative business processes - trading partners are able to achieve a high level of collaboration enabling them to meet common goals and objectives, analyze future promotions and changes in display settings.
Features of the E²e Flowcasting system include:
-Improved visibility for manufacturers - manufacturers receive an accurate picture of future customer demand allowing them to reduce safety stock levels and improve manufacturing productivity. Demonstrated results include the ability to project retailer orders one month into the future with an average error of two to three days.
-Reduced out-of-stocks and increased sales - if POS sales on any given day are higher than expected, the chain reaction of demand automatically reacts. Current Flowcasting users have found an increase in forecast accuracy and reductions in out-of-stock merchandise.
-Enhanced and improved collaborative business processes - trading partners are able to achieve a high level of collaboration enabling them to meet common goals and objectives, analyze future promotions and changes in display settings.