Home / Knowledge / News / Information Technology / JDA adds new capabilities in JDA Flowcasting retail suite
JDA adds new capabilities in JDA Flowcasting retail suite
10
Aug '15
JDA Software Group Inc. has added new capabilities in JDA Flowcasting that empower manufacturers and retailers to create their most accurate forecasts, increasing their ability to profitably sell across multiple channels.

JDA Flowcasting enables trading partners to work together from a single forecast and plan to improve profitability, productivity, and control.

Fred Baumann, group vice president at JDA Software said, “Recognising that forecasting and analysis teams don't have a lot of time on their hands, JDA has significantly invested in new capabilities in JDA Flowcasting that directly address these challenges. JDA has enhanced the automation level for the exception-resolution process, improved promotions forecasting workflows to increase accuracy, and enhanced the slow-moving products forecasting logic to support more profitable replenishment policies.”

Three foundational enhancements in JDA Flowcasting were developed to drive enhanced forecasting accuracy and ultimately improve profit margins in today's omni-channel selling environment. The first is adding new guided resolution workflows that support fast action for exceptions. While achieving pinpoint accuracy across thousands of bar codes may be impossible, exclusive new functionality in JDA Flowcasting enables the fastest-ever resolution of exceptions. Built-in analytics automatically identify common root causes behind multiple issue types, and intelligently highlight areas with greatest impact on the key metrics focused on by the planners, according to a press release.

The second is enhancement is improved promotion forecasting and replenishment accuracy. JDA Flowcasting Collaboration Workbench enables forecasting teams to easily import, export, and edit promotion-related data at an item or item-at-a-location level. The third is it allows more precise forecasting for slow-moving products. Users can extract a slow-mover demand profile at a cluster level across similar stores or similar products. Retail planners can make more intelligent purchasing decisions or delay orders when appropriate, leading to a reduction in total inventory and an improvement in profit margins. (GK)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Walmart

Apparel/Garments | On 23rd Mar 2017

Walmart acquires ModCloth

Walmart has acquired the assets and operations of ModCloth, one of...

Textiles | On 23rd Mar 2017

SIMA advises mills to avoid panic buying of cotton

The Southern India Mills' Association (SIMA) is advising mills to...

Apparel/Garments | On 23rd Mar 2017

Tulip Retail, True Fit personalise in-store shopping

Tulip Retail, a mobile application platform built exclusively for...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search