DELPHUS Doubles Forecasting Power with new Statistical Forecasting Engine
New forecasting engine will allow PEER Planner customers to implement forecasting and demand planning best practices.
(MORRISTOWN, NJ , December 5, 2002) - Delphus, Inc., a software development and consulting firm focused on providing software solutions for the collaborative 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 modeling options.
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.
According to Dr. Hans Levenbach, President of Delphus, “This new approach can even further reduce inventory-stocking levels for the same level of customer service over the existing, ‘best-known’ exponential smoothing methods.”
Delphus also offers the 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.
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. They assist 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 , Dremel Power Tools, Ferrari and Blommer Chocolates. For more information visit www.delphus.com.