ForecastX Wizard 6.0 adds distribution resource planning module, improved reporting of safety stock calculations
Chicago, IL — November 13, 2003 — John Galt Solutions, a provider of forecasting and collaborative demand planning software, this week unveiled the latest version of its ForecastX Wizard solution to be made available in fourth quarter of this year.
Version 6.0 of the Excel add-in tool for forecasting will allow customers to take advantage of a stronger forecasting and demand planning application while residing in Microsoft Excel, the solution provider said.
New functionality in the latest version includes a distribution resource planning module (DRP) for calculating future replenishment needs, a slow moving algorithm for forecasting products with minimal historical information, and improved reporting of safety stock calculations so that users can understand how safety stock relates to fluctuations in demand.
Anne Omrod, president and CEO of John Galt, said that many of the new and improved features in the latest version were the result of input from the company's users.
"During our annual User Conference, we always poll our clients to see what improvements they would like to see added to the Wizard," Omrod said. "We are excited that we could incorporate many of their suggestions into Version 6.0."
Founded in 1996, privately held John Galt provides solutions and software in the forecasting, demand planning and collaborative market space to customers that include such companies such as Fidelity Investments, Levis Canada, The Hoover Co. and The Chinet Co. The solution provider says that there are some 5,000 licenses for ForecastX Wizard worldwide.