RedPrairie launches store forecast system

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RedPrairie has launched Store Forecast, forecasting software that synchronises inventory Flowcasting and workforce management technologies.

The software triggers inventory replenishment by operating on demand signals from point-of-sale data, while also combining with execution management for events such as promotions to drive scheduling and various tasks through workforce management.

Noel Goggin, RedPrairie vice-president, retail strategy, said: “Retailers use a variety of different forecasts to drive inventory and workforce plans.

“However, most don’t consider markdowns, receivings, and other standard store tasks that also affect those forecasts. The Store Forecast solution helps guarantee both halves of a necessary equation at the store – the right person, and the right inventory.”

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