Innovation management is a bit of an industry buzz word at the moment and it can be hard to pin down exactly what it means. At Reflex, we understand it to be the way in which businesses come up with new ideas and products; the ongoing process of developing the company, whether this means launching new products or adopting new ways of working. Continue reading “How Investing In Business Planning Software Can Help Launch New Products”
Food production businesses need a good forecasting solution, especially those that deal with large amounts of stock constantly coming in and out of the business – which can be hard to manage without an efficient system in place. Moreover, forecasting can give your business a competitive advantage when it comes to planning and production. Continue reading “How To Know When My Food Production Business Needs To Order New Stock”
For many catering and food production businesses, wasted stock is less of a concern than stock not sold. This might initially seem a confusing statement – after all, isn’t wasted stock the same thing as stock that hasn’t sold? The answer lies behind the reason for the wasted stock – if a small amount of food stock, for example, is wasted, it is nowhere near as concerning as large amounts of unsold stock caused by poor inventory management.
Forecasting software ranges in cost enormously, from basic excel sheets up to highly complex enterprise software. At Reflex Planning, we provide a mid-market solution which provides excellent value and has helped many well-known brands transform their forecasting. Continue reading “How Much Does Forecasting Software Cost?”
Sales forecasting is an important element of good business practice and is a hugely influential factor in determining the overall success or failure of a business. Continue reading “3 Reasons Your Business Needs A Better Forecasting Solution”
Forecasting plays a huge role in many businesses. If a business consistently sells more than predicted, for example, forecasting software will automatically adapt future demand predictions to account for this. Without forecasting, businesses could miss out on valuable sales opportunities, plus they wouldn’t have full visibility of what’s happening in their business. Continue reading “Why Forecasting Is So Important For Business Efficiency”
Implementing demand planning solution software is complex and, therefore, isn’t a “quick fix”. Before the solution can be implemented, there needs to be a lot of evaluation, meetings and consultation. This can be an issue for some potential clients, due to time, expense and effort. Continue reading “How Long Does It Take To Implement A Demand Planning Solution?”
Many companies are moving away from Microsoft Excel to a specialised planning and forecasting software solution. Reflex Demand Planning is a highly sophisticated system giving you the tools you need to make informed business decisions – both in the short term and long term. Continue reading “Statistical Forecasting Software Vs Excel”