Forecsys isáoffering retail chains aásoftware package which will help them toáimprove their management ofástock reserves. Itáconsists ofáthree modules, one for short term demand forecasts, the second for improving the stock inventory system, and the third for long term sales planning.
The solution onáoffer includes the Forecsys Goods4Cast (Forecsys Demand Management Solution) software asáwell asáprofessional integration, settings, and programming support services from the Forecsys service support department.
Automatic Orders for Products (short-term demand forecast)
Forecsys Goods4Cast software was recognised asáone ofáthe most accurate and effective systems for forecasting consumer demand and automatic orders. The solution provides for substantial business results thanks toáits method ofáeconomic and logistical risk management (the risk ofástoring excess stock and refrigerators, the risk ofáunrealised profits ifáthe product line finishes, the risk ofádelivery costs) which are inevitably linked toáaáretail chainĺs stock management strategy.
From our experience ofáusing the automatic order system Goods4Cast onáprevious projects, instead ofástandard automatic order modules using ERP systems oráplacing orders manually, our system bring sin 1%-3% ofáadditional profits.
Atáthe end ofásix monthsĺ work for Perekrestok, using the Gooods4Cast system, stock reserves and turnover remained unchanged (2%) but the product deficit had been reduced byá36%.
InáSvyaznoy shops, the installation ofáGoods4Cast improved turnover byá20% and reduced the product deficit byá17%
Selective Stock-taking Support
The selective stocktaking support system provides employees atáeach store with aálist ofágoods for selective stocktaking onáaádaily oráweekly basis. The list isáformulated using special algorithms based onáthe productsĺ previous sales history.
The system reduces the amount ofámoney spent ofáplanning the inventory and reduces their frequency. Itáalso detects stock which has been entered under the wrong name oráisáunavailable, thereby reducing the stock deficit and increasing sales.
Sales Planning (mid- toálong-term demand forecasting)
Our Sales planning system makes the sales planning process, beáitáfor aámonth orábeáitáfor aáyear, aágreat deal more transparent, accurate and efficient. The system provides aáprocess for agreeing sales plans between various departments. Itáalso ensures their storage and representation, asáwell asácomparing them with factual evidence.
Iná2008, the solution was implemented atáBaltika, allowing the company toáexpand and regulate its agreement process for sales planning, making itámore manageable and intelligible for everyone involved
Tests showed that, atáthe end ofásix monthsĺ work with Baltika, from May 2007 toáDecember 2007, the average monthly improvement ináplanning atáall levels was 18.6% asácompared toáthe sales planning procedure which was previously ináplace
Baltika still continues toámake active use ofáForecsys forecasting, planning, and budgeting solutions.