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HITools™ VCS provides a framework that enables collaboration between buyers and sellers for forecasting, promotion planning, supply planning, business intelligence, exception reporting, and alert notification. Participate in trading partner-specific VMI and CPFR programs. Manage mission-critical demand plans, point-of-sale (POS) data, promotion schedules and category plans between all strategic partners to synchronize business plans and optimize each trading partner's operations. |
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Sales & Operations Planning incorporates promotional plans, item and group plans into consolidated sales and operating plans at any organizational level. Actual results can be measured against these plans.
Demand Planning provides a complete set of forecasting techniques, such as regular moving averages, exponential smoothing, sporadic demand and linear/multiple regression. In addition, the user has extensive control over the treatment of outlier, seasonality, and trend effects. Forecasts may be calculated using customer purchase orders, POS data, and planned promotions at any level. Forecasts at higher levels may be allocated to lower levels. With POS data, forecasts are based on consumer demand, rather than retail buyers' orders, to drive replenishment plans. Forecasts may be created for each retail customer by store/SKU. Forecast performance can be analyzed using various statistical measures.
Supply Planning considers the most critical factors that drive supply and calculates a time-phased replenishment schedule by item and location based on forecasts, customer orders, planned receipts and inventories.
Order Planning incorporates distribution requirements planning, vendor managed inventory (VMI) and Quick Response techniques, together with multiple policies for ordering, safety stocks and inventory targets to plan replenishment orders.
Event Planning provides event scheduling and forecasting capabilities by item, location and type of event. Moreover, the effectiveness of promotions can be analyzed in terms of retail sell-through, inventory pull-through, and profitability.
HITools VCS supports demand management, supply planning, and replenishment features normally reserved for the largest firms. With improved demand chain visibility, even small companies can better plan promotions, manage continuous replenishment, and support store-level VMI programs.
Timely and accurate reports on forecasts and orders help anticipate customer demands and improve service. Using a web browser, managers and analysts access reports or perform ad-hoc analyses. This eliminates the guesswork in decision-making.
For more information, please contact us.
