Press
Release
FOR IMMEDIATE RELEASE
Silvon Software and Business Forecast Systems (BFS)
Form Alliance to Integrate Demand Planning & Forecasting Capabilities
with Silvon’s Sales Performance Management Application
Westmont, IL – January 8, 2002 – Silvon Software, a
global provider of supply chain business performance management
analytic applications, and Business Forecast Systems (BFS), a leading
developer and marketer of forecasting software solutions, have formed
an alliance to bring demand planning and forecasting functionality
to the Silvon Stratum™ suite of analytic applications.
Under the agreement, Silvon will offer BFS’ Forecast Pro®
software as an add-on planning and forecasting application with
total integration to the Silvon Stratum solution for Sales Performance
Management. The combined application will offer to manufacturing
and wholesale distribution businesses extensive functionality for
product demand planning and forecasting and for systematically comparing
the results of system generated forecasts to adjusted forecasts,
actual sales, and more. The integrated application will be available
from Silvon in mid-2002 when it announces general availability of
Stratum 3.0 – the company’s next major product release.
"Silvon’s Stratum™ application for sales performance
management, combined with Forecast Pro, will allow businesses to
better manage their product portfolios through comprehensive demand
planning, forecasting and analysis,” said Business Forecast
Systems Vice President Eric Stellwagen. “The understanding
resulting from these capabilities can then be leveraged into strategic
plans and decisions that can help supply chain businesses reduce
inventory and stockouts, while increasing profits.”
Mike Hennel, president and CEO of Silvon Software elaborated: “The
combined offering of Silvon Stratum and Forecast Pro will give organizations
the single, unified foundation they need to produce sales forecasts
that drive all inventory supply and production planning systems;
to measure the accuracy of forecasts against sales achievements;
and to make better demand planning decisions on a continual basis.
Our offering is an ideal solution for supply chain businesses that
must support rapid product introductions, complex and shorter product
lifecycles, varied product configurations and other complex issues.
It’s a pleasure for us to team up with the #1 forecasting
software solution provider to provide these capabilities to the
manufacturing and distribution enterprises with whom we do business.”
About Business Forecast Systems – www.forecastpro.com
Business Forecast Systems, Inc., develops, markets and supports
the award-winning Forecast Pro product line for professionals in
sales, marketing, finance and manufacturing. Forecast Pro is a state-of-the-art
statistical forecasting package featuring a rule-based expert system
to analyze data, select the appropriate forecasting technique, and
explain the reasoning behind its selection. The product’s
forecasting techniques cover virtually all business applications
and include curve fitting, exponential smoothing models, Box-Jenkins
and methods specifically designed for low volume data sets. Forecast
Pro also features more advanced forecasting capabilities based on
dynamic regression models, multiple-level models and special event
models. With over 18,000 installations worldwide, BFS is the leader
in packaged forecasting solutions.
About Silvon Software, Inc. – www.silvon.com
Silvon Software is a global supply chain-focused provider of analytic
applications for business performance management. Since 1987, Silvon
has focused on software-based business performance analytic application
solutions for manufacturing, wholesale distribution and retail organizations.
The Silvon Stratum suite of analytic applications features completely
integratable modules for Sales Performance Management, Marketing
Performance Management, Manufacturing Performance Management, Procurement
Performance Management, e-Business Performance Management, Customer
Relationship Analytics and Activity Cost Management. In addition
to the demand planning & forecasting functionality that the
Stratum Sales Performance Management module will offer as a result
of today’s alliance announcement, the module features a number
of analytical views, reports and tools that support sales and profitability
performance, inventory planning and analysis, open order analysis,
sales and operations planning and analysis, and new product forecasting
and analysis. Silvon's analytic applications run on the IBM AS/400,
Windows NT and Unix platforms. Silvon provides professional services
and global support along with a network of OEMs, value-added resellers
and independent distributors. The company's products are currently
installed in more than 1,400 sites worldwide.
Contact Information:
Pat Hennel
Silvon Software, Inc.
Phone: 630-655-3313
pat.hennel@silvon.com
Bob Dirkes
Tech Image (for Silvon Software)
Phone: 847-632-0040 (x237)
bob.dirkes@techimage.com
Eric Stellwagen
Business Forecast Systems, Inc.
Phone: 617-484-5050
estellwagen@forecastpro.com
|
