JD Edwards has released Demand Forecasting, an enterprise software product which aims to handle product supply and demand.
The offering’s modules analyse a company’s sales and shipment history by applying algorithms to predict what sales are likely in that company’s future. The software works simultaneously with JD Edwards’ Demand Consensus software, which gives customers an overview of their inventory and production.
Some of the features of the latest software include an automated forecasting engine for statistical models to improve forecasting; scenario and what-if analysis functions to help identify exceptions; statistical-based stocking for viewing inventory levels and business modelling; and processing for an object-orientated database.
JD Edwards is targeting the pulp and paper, utility, energy, chemical, industrial manufacturing and electronics industries.