Brightwork Explorer for Tuning Forecast and MRP Systems

Executive Summary

  • Forecasting and MRP systems universally require tuning in order to run properly.
  • The Brightwork Explorer is designed to make these systems more usable and controllable.

Introduction

The Brightwork Explorer makes forecasting systems and MRP systems run better.

Specialized for Measuring Forecast Error

Most forecasting systems are designed to produce forecasts, not to measure error. They have basic error measurement, but that is not the same as being purpose-built to specifically measure forecast error.

Brightwork Explorer is perfect for measuring any forecast error.

This includes:

  1. Statistical forecasting in different time buckets.
  2. Statistical forecasts from top-down techniques.
  3. Statistical forecasts using different history (for instance, sales orders versus consumption)
  4. Determining the statistical forecastability of different locations in the supply network (which may lead to placing forecasts in locations different from their current locations).
  5. Determining which data streams to use for generating a forecast (for example orders versus bookings or goods issues)
  6. Testing historical removal — that is removing history that is nonrepresentative to improve pattern recognition.
  7. Sales forecasts
  8. Marketing forecasts
  9. Etc..

Specialized for Tuning MRP Parameters

ERP systems and even advanced planning systems normally do not provide the type of high-level descriptive statistics that are important and figuring out supply chain planning quality and areas to improve. Rather, they are focused on meeting the needs of planners often to evaluate specific product location combinations. It is surprising how many vendors have missed the critical workflows that are standard in Brightwork Explorer.

  1. Brightwork Explorer can tell you how efficiently your inventory is being deployed.
  2. It can tell you where are you over-investing in stock?
  3. Where are you under-investing in inventory?

Our parameter calculation/optimization allows for MRP and other supply planning systems to be quickly tuned.

We thought, why not place this intelligence into a SaaS application that does all those things in one place?

What We Developed

So what we have developed is (to our knowledge) one of the only forecast diagnostic and improvement applications. The Brightwork Forecast Explorer is not designed to replace your existing forecasting system. It is designed to make your current forecasting system work better!

  • Need an Easy to Use Way to Tune Forecasting and MRP Systems?

    We are close to releasing Brightwork Explorer, a new SaaS application which makes forecasting and MRP systems. Highlights include the following:

    • It contains our customized dynamic safety stock calculation, tuned after finding the limitations of the standard calulators.
    • It provides multi constraint visibility.
    • Has an amazing ease of use combined with sophistication.
    • It can provide visibility to tradeoffs related to service level and inventory in the most direct way we have ever seen in any application....and much more
    • It is free to use until it receives "serious usage" and is free to academics, students.

    Just fill in your contact details in the form below to be informed when the Brightwork Explorer becomes generally available.

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