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'What-If' Analysis Strengths of SAS(R) Demand-Driven Forecasting Drive Profits, Market Share.


Software Automatically Tracks Variations between Forecasted and Actual Numbers to Guide the Sales and Operations Planning Process

CARY, N.C. -- Companies moving to a progressive demand-driven business model seek sophisticated analytics as traditional enterprise resource planning See ERP.

(application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses.
 and supply chain technologies often fall short of expectations. Poor forecasting harms companies across all functional areas: lost sales, budget over-allocations, product obsolescence ob·so·les·cent  
adj.
1. Being in the process of passing out of use or usefulness; becoming obsolete.

2. Biology Gradually disappearing; imperfectly or only slightly developed.
, overstocks and higher prices. To meet the need for robust demand planning and forecasting, SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. , the leader in business intelligence and predictive analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events. , has introduced SAS([R]) Demand-Driven Forecasting.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12.  Research, "demand-planning applications with innovative new capabilities, such as attribute-based forecasting, direct ties into sales and operations planning processes and integration of downstream data are driving market demand and causing firms to re-evaluate existing demand-planning and forecasting implementations." Further, AMR Research estimates demand planning and forecasting will command a 12 percent revenue share of total supply chain management (SCM (1) (Software Configuration Management, Source Code Management) See configuration management.

(2) See supply chain management.
) application spending with a compound annual growth rate (CAGR CAGR

See: Compound Annual Growth Rate
) of 6 percent through 2011. (http://www.amrresearch.com/Content/View.asp?pmillid=20566)

SAS Demand-Driven Forecasting integrates customer and other upstream data into a demand plan that helps maximize profits, market share and customer satisfaction. Implementing SAS Demand-Driven Forecasting helps users:

* Generate accurate, demand-driven forecasts using the right methods and models at any hierarchical level with SAS' patented Forecast Server engine.

* Respond profitably to demand using "what-if" analyses and scenario modeling to gauge the financial impact of changes in marketing strategies or product mix.

* Create more accurate automatic-weighted consensus forecasts that track variations between forecasted and actual numbers to help with sales and operations planning.

* Reduce finished goods inventory levels and stock-outs.

* Measure and manage forecast performance by monitoring, tracking, reporting and surfacing alerts on forecast performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. .

About SAS

SAS is the leader in business intelligence and analytical software and services. Customers at more than 44,000 sites use SAS software to improve performance through insight from data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products and processes. Only SAS offers leading data integration, storage, analytics and business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world THE POWER TO KNOW([R]). www.sas.com

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. [R] indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright (c) 2008 SAS Institute Inc. All rights reserved.
COPYRIGHT 2008 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

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Publication:Business Wire
Date:Jun 3, 2008
Words:430
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