JOHN GALT SOLUTIONS, INC. ANNOUNCES THAT PEOPLESOFT HAS LICENSED ITS FORECASTX™ SOLUTION
Expanded Capabilities Further Enhance PeopleSoft Demand Planning Solution.
Chicago, Ill., April 21, 2003 --- John Galt Solutions, Inc., a leading provider of forecasting and demand planning software solutions, announced today that PeopleSoft Inc. (Nasdaq: PSFT) has licensed its ForecastX product and will integrate it with PeopleSoft’s Demand Planning solution. By leveraging the forecasting capabilities of John Galt’s ForecastX™, PeopleSoft plans to deliver expanded forecasting capabilities to its supply chain planning customers.
A solid forecast creates the base for a demand plan that accurately reflects product patterns. John Galt’s ForecastX technology allows businesses to combine business knowledge, such as events and promotions, product lifecycles and seasonal patterns, with historical data and statistics to build a forecasting process that produces a low range of error. With the integration of ForecastX and PeopleSoft’s Demand Planning solution, customers will gain improved forecasting capabilities.
“These proven forecasting techniques provide a valuable extension to PeopleSoft Demand Planning”, said John Webb, vice president of strategy for PeopleSoft’s Supply Chain Management division. “New methods to account for seasonality, intermittent demand and slow-moving products will enable manufacturers to quickly model alternative scenarios and create more accurate forecasts.”
“We’re excited to be working with a supply chain management leader like PeopleSoft,” said Anne Omrod President and CEO of John Galt Solutions, Inc., “We believe our customers will benefit from John Galt Solutions’ proven experience and technology in the forecasting market space.”
About John Galt Solutions
John Galt Solutions, Inc., a privately held company, provides leading-edge demand planning, collaborative and forecasting solutions. It strives to improve mid-size businesses’ demand planning and collaborative processes through accurate, innovative solutions and customer partnerships. John Galt Solutions, Inc. provides a broad family of ForecastX ä products and services that meet the needs of any company at every level of growth, including companies such as Fidelity Investments, Hasbro Games, Syngenta Crop Protection and Huhtamaki. For more information visit www.johngalt.com.
FOR ADDITIONAL INFORMATION REGARDING THIS ANNOUNCEMENT, CONTACT 312.701.9026