Direct Tech’s statistical demand planning module, Venture*21, streamlines demand forecasting.
Venture*21 utilizes sophisticated statistical modeling to evaluate long- and short-term demand trends and project future weekly SKU demand. It also uses Event Management tools to adjust future demand plans to account for significant marketing events.
Venture*21 is ideally suited for companies predominately marketing via ecommerce or through direct sales. Catalog merchandisers will also find this useful if they have consistent mailing plans from year-to-year or utilize single “master catalogs” which are mailed once or twice annually. Venture*21 enables you to forecast high volumes of SKUs quickly and accurately, allowing you to concentrate your time on analyzing and optimizing inventory levels. The automated demand forecasting is partnered with the feature-rich inventory Master Scheduling application, which has helped direct merchandisers optimize their inventory since 1996. Venture*21 helps you to:
- Improve demand planning/reduce forecast error rate
- Reduce lost sales and backorders
- Increase inventory turnover
- Manage large numbers of styles and SKUs efficiently and accurately
- Be in control of your business through top-down and bottom-up forecasting tools
- Increase sales and profits
The advantage of Venture*21 is its highly-automated statistical forecasting application that quickly and accurately applies long- and short-term sales trends to plan future weekly SKU demand. Like Forecast*21, Venture*21 integrates seamlessly with Direct Tech's robust inventory optimization tools. Well designed exception reporting is used throughout. This combination of targeted exception reporting and efficient data management tools provides you with the ability to:
- Maximize staff efficiency
- Apply top-down forecast controls at any level of the product hierarchy
- Adjust forecasts for marketing events at any level of the business
- Allocate item forecasts to sizes and colors to create SKU-level forecasts
- Forecast demand for kits, sets and manufactured items
- Streamline purchasing processes
Combine Venture*21 with the Suggested Purchase Order module to maximize efficiencies in forecasting and purchasing.
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