Batch Forecasting Engine uses state-space modeling approach.
Press Release Summary:
PEERForecaster allows practitioners to utilize large-scale forecasting of sales and inventory items for demand planning best practices. Able to handle diverse data patterns, Excel® add-in utilizes approach that creates realistic error ranges around forecasts. Separate statistical forecasting engine is offered as Dynamic Link Library, useful in integrating automated, batch forecasting process into existing ERP and SCM planning systems.
Original Press Release:
DELPHUS Releases Batch Forecasting Power with new Add-in for Excel®
New forecasting Add-in will allow practitioners to utilize large-scale forecasting of sales and inventory items for demand planning best practices.
(MORRISTOWN, NJ , February 24, 2003) - Delphus, Inc., a software development and consulting firm focused on providing software solutions for the collaborative demand forecasting and replenishment planning market, today announced the enhancement of its powerful batch forecasting engine with a newly developed state-space modeling approach for creating more flexible time series forecasting options. The approach has been implemented in an easy to install and use Excel Add-in, called PEERForecaster.
The development of a state-space modeling approach for forecasting has recently resulted in significant benefits over traditional techniques in achieving greater forecasting accuracy and flexibility in handling more diverse data patterns. The approach has been shown to be particularly beneficial in creating more realistic error ranges around forecasts, thereby further reducing demand variability provided through traditional methods.
According to Dr. Hans Levenbach, President of Delphus, "This new approach can even further decrease inventory levels and replenishment costs for the same level of customer service provided through existing, 'best-known' exponential smoothing methods."
Delphus also offers a statistical forecasting engine as a Dynamic Link Library (DLL) to firms interested in integrating an automated, sophisticated, batch forecasting process into their existing ERP and SCM planning systems. This pegels.dll is the driver for the PEERForecaster.xla.
Delphus, Inc., a privately held company, provides state-of-the-art software solutions for collaborative forecasting and replenishment planning (DRP) for manufacturing, distribution and retail markets. Through its flagship demand planning system PEERPlanner®, the company assists large and mid-size businesses improve their forecasting and demand planning processes through simple-to-use, yet sophisticated software solutions, training and online support services. Founded in 1987, Delphus has installations at a diverse range of companies like Kodak, Pfizer, Skil-Bosch, Loreal USA, Ferrari and Blommer Chocolates. For more information visit www.delphus.com.
