PLATFORMS: The ForecastX engine can be integrated into any application that runs on Windows or UNIX platforms. ForecastX can be fully integrated into Microsoft Web solutions, Windows 95, Windows NT and Arbor Essbase, SQL Server, Oracle or Development Product VB5, Java.
BACKGROUND: High Impact Technologies works exclusively with leading consumer products and home improvement retailers, manufacturers and distributors. Our consulting associates help these enterprises discover and fill the needs of this rapidly changing marketplace. The HITools Enterprise Suite provides affordable demand chain management, supply planning and replenishment capabilities normally reserved for the largest firms. With improved supply chain visibility, even smaller organizations can accurately plan sales and promotions, manage continuous replenishment and support store- level VMI programs. With its integrated data mart, HITools dramatically enhances the ability to conduct one-to-one marketing and category management programs
PROBLEM SOLVED: During the development of our new HITools Enterprise Suite, we sought an advanced forecasting ActiveX component to replace the custom developed software we had used in earlier versions. We needed a solution that adhered to our platform specifications and worked equally well on large Microsoft NT servers and remote laptops. With our design, all of the data needed for forecasting and supply planning is loaded into memory on the application server to allow for optimization of the results. Good scalability was a key requirement because our associates have implemented demand/supply planning systems for some of the largest retailers, mail order companies and their suppliers. We needed a solution that could forecast consumer demand quickly and accurately for tens of thousands of items on a daily/hourly basis at store level, not just distribution center level.
PRODUCT FUNCTIONALITY: ForecastX makes complex statistical analysis a breeze and lets you focus on delivering value rather than developing math. ForecastX includes the core forecasting techniques and statistics that are used to solve real business problems. ForecastX has wide applications in financial planning, risk analysis, sales forecasting, demand planning, capacity planning and statistical modeling. ForecastX is a distributed object that can be integrated into any application that runs on UNIX or Windows. With ForecastX, you don't need to spend month writing import and export routines to move data from source systems into traditional forecasting solutions. Whether you need to forecast a single series of data, perform decision- based analysis or perform batch forecasting ForecastX is the solution for you--there is even a function that will automatically choose the best forecasting method based on the data supplied. ForecastX has a robust forecasting engine, and over 30 supporting statistics make ForecastX one of the most complete solutions on the market.
STRENGTHS: ForecastX contains no data limits. The amount of data you can forecast is solely dependent on your machine. ForecastX allows you to perform complex analysis without being a statistician. Its object model is easy to navigate and performance is phenomenal--we were able to perform 30,000 forecasts in about a half an hour.
WEAKNESSES: The product documentation is available only in HTML, which can make it difficult for users who are accustomed to context- sensitive help.
SELECTION CRITERIA: We were searching for a robust solution that could be easily deployed as a distributed object, and we wanted a solution that would allow us to implement advanced statistical techniques without becoming Ph.D.-level statisticians ourselves. ForecastX was the most cost-effective solution on the market.
VENDOR SUPPORT: John Galt's technical support is very responsive. Working with John Galt significantly reduced our development cycle.
DOCUMENTATION: The documentation is available in HTML and is easy to access.
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