Glenwillow, OH (PRWEB) May 12, 2010
TTI Floor Care North America, makers of Hoover and Dirt Devil vacuum cleaners, has selected Demand Foresight’s best-of-breed demand planning and supply chain management software.
The move — made after vetting multiple vendors and consulting with AMR Research — is designed to improve forecast accuracy, unite operational functions, and forge better relationships with large retailers. Supply chain software’s increasing sophistication is giving manufacturers and distributors the insight to help their retail partners earn more profit on the products they make and supply.
“The insight we get from Demand Foresight is going to help us better understand and serve our customers, as well as tie our inventory to the forecast,” said Toby Gandy, TTI Floor Care North America’s director of forecasting and sales and operations planning (S&OP).
"Our research has demonstrated a direct correlation between forecast accuracy and a company's profitability,” said Noha Tohamy, AMR VP and Head of Research. “Manufacturers are looking for new approaches to achieve higher accuracy."
About Demand Foresight Software
Based on the premise that reducing forecasting error is the single most important investment to improve supply chain performance, Demand Foresight’s demand planning and forecasting software sets new standards in reducing errors and increasing profitability for manufacturers and distributors. Demand Foresight’s advanced, next-generation forecasting engine works within existing IT environments, and has saved clients billions of dollars through improved and measurable business decision-making. Product performance is backed by the strongest guarantee in the software industry: clients will achieve at least 25% reduction in forecasting error and be completely satisfied or get their money back. For more information, please visit http://www.demandforesight.com.
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world-class supplier of superior home improvement and construction tools with a powerful portfolio of trusted brands and a strong commitment to innovation and quality. The portfolio that TTI offers includes a full line of power equipment products, floor care appliances, laser and electronic products employing over 20,000 people worldwide. TTI’s portfolio of global brands includes, among others, Milwaukee®, AEG®, Ryobi®, Homelite®, Hoover®, Royal®, Dirt Devil®, Regina® and Vax®. TTI is one of the constituent stocks on the Hang Seng HK MidCap Index under the Hang Seng Composite Index, the MSCI Hong Kong Index, the FTSE All-World Hong Kong index, the FTSE/Hang Seng Asian Cyclical Index and the Dow Jones Hong Kong Titans 30. For more information, please visit http://www.ttigroup.com.