Let’s say you’re a large consumer goods manufacturer doing business in 160 different countries, selling your products to retail customers ranging from WalMart to small stores, each with its own stocking needs. The rising amount of point-of-sale and other demand data being passed to you, particularly by your largest customers, is beginning to overwhelm your people and systems.

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SAF AG, supplier of automated forecasting and replenishment systems for retail, has signed a license agreement with Perfumery Douglas. The leading European retail company specialized in cosmetics and perfumery will use the software in more than 1,000 stores to optimally handle its replenishment.

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In this issue we have Forecasting national activity using lots of international predictors, Factor forecasting using international targeted predictors, Pooling versus model selection for nowcasting with many predictors, Forecasting with a DSGE Model of the term Structure of Interest Rates, and more.

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Logility has been named a winner of the 2009 Supply & Demand Chain Executive 100, “Supply Chain Saves the Enterprise” award. Logility will be featured as a winner in the June/July 2009 issue of Supply & Demand Chain Executive magazine.

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An innovative software program could soon be helping the military and police accurately forecast where and when crime is likely to occur. The software – called Daily Crime Forecast – uses an algorithm to assess crime incident reports from existing data to pinpoint where and when future crimes are likely to occur.

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IDeaS Revenue Optimization, a supplier of pricing, forecasting and optimization solutions and services, introduced IDeaS V5i Forecasting, a cost-effective tool that provides hoteliers clear insight into anticipatory data. This enables a more accurate and consistent forecasting and reporting process which can lead to increased revenues.

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Professor Barry Keating of Notre Dame, coauthor of a college textbook on business forecasting which has more buyers from businesses than from college students, was interviewed recently on the topic of using macroeconomic data to adjust forecasts down for coming recessions, or up when economies begin to grow again.

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Avantas helps hospitals accurately forecast staffing needs so that they can spend more time on patients and less time staffing their units. Its service helps hospitals reduce dependence on contract nurses and limit last-minute schedule changes. Not only can clients save money and improve morale, they can target bonus dollars to the hardest shifts to fill.

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Trends is the e-newsletter from Business Forecast Systems. Trends puts more than two decades worth of forecasting knowledge, experience and expertise at your fingertips every other month. Watch this space for tips & techniques, information & insight, observations & opinions and more.

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InQuira, Inc., a provider of enterprise knowledge solutions for web-service, contact center support, and knowledge intranets, has automated their global resource management and improved project tracking by implementing QuickArrow PSA.

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The Institute of Business Forecasting & Planning (IBF) started a new blog website last week. It took them a while to get there with the amount of content, knowledge and experience they have to share in Demand Planning, Forecasting, and the Supply Chain. But now it is full speed ahead.

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David Orrell and Patrick McSharry  explain why we've seen huge breakdowns in our models when we try to forecast complex systems, such as the economy, the weather, and our genetic network, in a feature section in the upcoming Summer 2009 issue of Foresight.

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It is always wise to consider the future. This is true during the best of times; certainly it is true during challenging times. With the ongoing economic uncertainty, the implications for the CE industry are crucial, and manifold.

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