Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 

PeopleSoft Announces Supply Chain Planning 8.8

PeopleSoft Announces Supply Chain Planning 8.8

New Planning Architecture Drives

Plan Accuracy, Feasibility and Confidence

PeopleSoft, Inc. (Nasdaq: PSFT) today announced the general availability of PeopleSoft Supply Chain Planning 8.8, a key component of its Performance-Driven Manufacturing suite. Supply Chain Planning 8.8 utilises a centralized data warehouse that combines planning, performance management and operational systems. As a result, real-time collaboration and analysis enable companies to improve forecast accuracy, quickly adjust plans to reflect changes in the market, and ensure that business analysis and financial reports are based on the most up-to-date information.

Quick Facts

PeopleSoft Supply Chain Planning 8.8 shares a common analytical platform with transaction systems, so managers are alerted quickly when orders deviate from the forecast

Pure Internet Architecture and browser-based access makes enterprise-wide collaboration more efficient as remote offices, manufacturing partners, customers, and strategic suppliers contribute to and execute on a shared plan.

Plan accuracy and confidence is increased, planning cycles are streamlined, and operations more accurately reflect actual demand and supply.

Supply Chain Planning 8.8 comprises three new applications:

Demand Planning: Companies can create demand forecasts based on statistical analysis of demand history, causal factors such as events and promotions, and input from both employees and trading partners. Demand Planning 8.8 features 14 new advanced forecasting algorithms, enabling easy comparison of forecasts to actual sales results to continually improve plan accuracy.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

Inventory Policy Planning: Organisations can strategically manage inventory to reduce carrying costs, labour costs and inventory write-offs. New analytics enable planners to create “what-if” scenarios to compare current inventory policies with alternative policies, project the cost of different inventory strategies and measure impact across the supply chain.

Supply Planning: This advanced planning and scheduling application ensures that purchases and production capacity are aligned to produce the products in highest demand. Tight integration with PeopleSoft’s Demand Planning enables planners to create smart schedules that are tied to forecasted events. New Pure Internet Architecture enables real-time interaction between a company and its suppliers. As a result, suppliers can update product availability, enabling manufacturers to determine quickly if they can deliver newly requested materials.

“The reality is that manufacturing operations are complex, and without thoroughly integrated planning solutions, organisations will continue to experience poor plan-to-actuals results,” said Ray Kloss, Director Product and Industry Marketing Japan and Asia Pacific, PeopleSoft. “In this new release PeopleSoft continues to drive organisational confidence and accuracy in the planning process.”

About PeopleSoft

PeopleSoft (Nasdaq: PSFT) is the world’s leading provider of application software for the real-time enterprise. PeopleSoft pure internet software enables organizations to reduce costs and increase productivity by directly connecting customers, suppliers, partners and employees to business processes on-line, in real time. PeopleSoft’s integrated, best-in-class applications include Customer Relationship Management, Supply Chain Management, Human Capital Management, Financial Management and Application Integration. Today more than 5,100 organisations in 140 countries run on PeopleSoft software. For more information, visit us at www.peoplesoft.com.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.