SAP has released a new version of the SAP Forecasting and Replenishment application, which aims to provide a window to the company’s retail road map, containing several of the core processes planned to be expanded upon and integrated in later releases.
Through SAP Forecasting and Replenishment application’s capability to do multi-level replenishment, retailers can use store and order forecasts to narrow down the determination of the flow of goods coming from distribution centres and suppliers.
This version of SAP Forecasting and Replenishment application offers a fully automated store replenishment for optimised product availability and advanced distribution centre management; forecasting algorithms with robust, high-volume processing capabilities; and visibility throughout all stages of the replenishment process.
In addition, the new release enable flexible deployment options with standard connectivity to SAP and with open interface and provides a set of related services for accelerating and fine-tuning operations, including pre-defined services for faster implementations and for guiding the logistics of a customer-driven supply network, such as package size, order cycle, etc.
Furthermore, SAP has also acquired automated ordering and forecasting software firm SAF Simulation, Analysis and Forecasting AG. The entire former SAF portfolio is integrated into SAP Forecasting and Replenishment.
With enhanced SAP Forecasting and Replenishment application, customers can reduce the risks associated with shortages and surplus, lower costs and better match products on the shelf to specific consumer segments.
SAP Global Retail Industry Business Unit senior vice-president and head Lori Mitchell-Keller said operating a customer-driven supply network requires a high degree of integration and coordination that has been beyond the reach of many retailers up until now.
"We have taken the initiative to expand our retail portfolio to directly address this critical business need. When married to prediction analytics, SAP’s standardized processes will create one of the most comprehensive solutions for managing inventory and keeping consumers satisfied," said Lori.
