Prognos - Strength In Partnership
Built on decades of experience and numerous successful engagements, the recent partnership between Prognos Inc. and Ironbridge utilizes industry expertise to create a best of breed end to end solution. This collaboration creates a closed loop of people, process, data, and analytics. Our collective solution employs leading edge data integration tools to construct a Data Warehouse optimized for CPG organizations. We automate the extraction of internal data such as shipments, consumption, and promotions, and external data from Nielsen, IRI, and RSI databases. Once the data is suitable for study, we start by producing a reliable baseline forecast and demand driver models using advanced statistical techniques. Your planners then enrich the forecast by integrating their business domain knowledge through a user-friendly interface. To maximize the value of the solution, only a low level of support is required from statistical analysts and IT. By reducing the time the planners spend manipulating data, greater emphasis can be placed on analyzing and planning profitability, significantly increasing organizational productivity. Baseline forecasts produced with planner input will lead to fewer overrides, enabling planners and analysts to work hand-in-hand to improve accuracy throughout the planning cycle. This will improve customer service levels and procurement decisions and reduce inventory, safety stock, waste, and supply chain cycle times.
Proven Results
- 15-20% reduction in forecast error
- 25-75% reduction in Planner overrides
- 20+% reduction in on-hand inventory
- 50+% reduction in overstocks
A web based reporting system completes the solution, providing a tool for static or real-time reporting and allowing for collaborative publishing.
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About Ironbridge Software
Ironbridge Software was founded in 1989 by Michael J Dickenson in Park Ridge, Illinois. We added an office in New Brunswick, New Jersey in 1996 with another opening 2005 in Alpharetta, Georgia. Our specialty is in sales & marketing information. Our expertise is in the areas of analytical software, data warehousing and data integration. Our clients include Energizer Battery, SC Johnson, Reckitt/Benckiser, SPINS, Kraft Foods, DS Waters Of America, Sargento Foods, PepsiCo, & PepsiAmericas.
The Iron Bridge
The Iron Bridge, the great symbol of the British iron industry, spans the River Severn at the heart of the small town that bears its name. Constructed in 1779/80 by Abraham Darby III's Coalbrookdale Company, the bridge has attracted admirers from all over the world.
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