New forecasting software for consumer packaged goods (CPG) companies is now available in general release from Retail Solutions Inc. The system operates from available order, shipment and point-of-sale (POS) data to provide users with more accurate baseline order forecasts for each of retailer customers, by item and week, the vendor said. The technology is integrated with Retail Solutions Demand Signal Management, a system for sharing POS data across multiple retailers. It serves more than 550 customer teams at 300 CPG companies, Retail Solutions said. Both applications operate in a software-as-a-service model, eliminating the need for investments in supporting hardware and software or for long-term commitments, the vendor said.
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