Foresite proudly sponsored the Taste of the West 2019 Awards ‘Ready Meals, Soups & Light Eats’ category. Category winners, Natural Branscombe in East Devon run by Ian Crowe and Jenny Lonnberg are producers of organic beef, salads, vegetables eggs and flowers.
Foresite is pleased to sponsor Taste of the West Awards 2019 to coincide with the release of its version 8.0 for producers and distributors to the retail and wholesale sectors. This is a demanding sector that requires excellent customer fulfillment and demand management. As the leaders in enterprise software to support the sector, Foresite is keen to champion the diverse and quality businesses in the South West.
The awards ceremony was held on Thursday 12th September 2019 in the Great Hall at the University of Exeter. Foresite presented Ian and Jenny with 12 months free subscription and implementation support of our award winning software. Natural Branscombe also won the 2019 award for Supreme Champion Product.
Foresite have also offered 6 months free subscription and implementation support of our software to the winners of all 40 categories at the Taste of the West Awards 2019.
The Taste of the West Awards 2019 programme has been promoting and supporting the South West food and drink industry for over 25 years. It has grown to become the most prestigious food and drink awards programme in the South West.
Taste of the West is the largest independent regional food group in the UK and works hard to promote and support local food and drink from Cornwall, Devon, Dorset, Gloucestershire, Somerset and Wiltshire. The company was established in 1991, and today remains the leading supply chain co-operative for the South West’s food and drink industry.
Companies in the food and beverage sector wishing to improve their supply chain management and customer fulfillment should contact Foresite SPA for more information.
Connecting the demand and supply sides of high growth businesses is essential to helping them avoid a potentially devastating spiral . Agile competitive performance in new markets has always been a key fundamental piece of the chemistry of high-growth businesses.
Business Cloud magazine aims to demystify tech for a business audience, offering insight on everything from the Internet of Things and AI to the UK’s digital clusters.
This year’s symposium suggests that the top priorities for C suite executives are to exploit digital changes ahead. Firstly 84% of CEOs expect digital initiatives to increase profit margins. Furthermore by 2020 organisations expect to attribute 40% of their revenue to ‘digital revenue’. Finally the business strategy agenda agenda covers three tracks:
Technology and Information
We have selected the following topics as the most important from their speaker agendas:
Prioritise responses to changes in market cycles and economic uncertainties
Pursuit of growth and enhanced mission fulfilment
Use business models to define digital transformation
Digital business is a big part of industry change and corporate strategic direction
Foresite will report on the symposium’s findings for the top 10 strategic technology trends for 2019 and their impact on business strategy.
The tradition of making resolutions goes back 4,000 years to the ancient Babylonians who celebrated the end of the old year by making promises to their gods.
The Romans also made vows to the god Janus (hence January) asking for forgiveness in exchange for gifts! In 46BC when Julius Caesar changed the calendar, resolutions became more recognisable with people making promises such as showing kindness to others.
In medieval times knights affirmed their commitment to chivalry at the change of year.
To all our followers – please keep following us in 2018 which proves to be an exciting year for Foresite. We have new European customers going live in January and in Q1 we will be releasing an exciting retail demand planning application for FMCG companies. We have other exciting developments planned for Q2 so keep following and sending us your comments and suggestions.
But what of our business resolutions? Let’s begin by organising our customer fulfillment activities effectively with sensible and pragmatic demand planning!
Foresite publishes its new leave-behind for 2018 – “Drive Demand – Deliver Service”. This functional overview is a concise and informative synopsis of the powerful functionality of Foresite demand planning and sales forecasting software. This is therefore a must-read for operations managers looking to align customer fulfilment with sales; efficiently and profitably.
“So many businesses operate in silos. S&OP is a means of overcoming this insular approach. At both a strategic and operational level, optimising a business by alignment through S&OP can transform performance and gain competitive advantage in service, sales, cost, capital and reputation.
It does not provide a business with a crystal ball, but it does provide a vehicle with which to analyse potential scenarios and their likely impact and a solid model with which to assess sudden changes. It is also a seamless interface between production planning and customer fulfilment, informed decision making, business control and governance.
Furthermore, implementing S&OP is a vehicle to better decision-making and collaborative working. To run the process well you need a forecast for every product, a set of inventory policies, a capacity plan and a production plan; and you can’t work that all out on a piece of paper, or on an excel spreadsheet for that matter. Business systems are therefore required to support Sales and Operations Planning.”
Integrated Business Planning (IBP) is the subject of our latest whitepaper “IBP – Demand Planning & Forecasting”. Gartner have cited a massive shift in companies creating digital connections within and across their supply chain operations. And a recent study for Aberdeen Group showed that 85% of companies implementing formal demand management generated significant performance improvements. Average gains include 13% improvement in overall forecast accuracy, 24% gain in inventory turns and 5% improvement in gross margin.
We explore how companies that work toward the Demand Driven Value Networks ideal use demand forecasting (e.g. Foresite) within their S&OP. This is a key differentiating capability, so they can plan, sense and shape to brings profitable balance to the business.
Marketers are very familiar with this concept and use it to great effect. Six degrees of separation is the idea that all living things are six or fewer steps away from each other. So a chain of “friend of a friend” statements can connect any two people in six steps maximum . Six degrees of separation was once dramatically proved by the BBC Horizon documentary. They connected a person in the UK with an unrelated lady in China making only six phone calls.
Six degrees was originally set out in 1929 by Frigyes Karinthy (1887-1938). A Hungarian author, playwright, poet, journalist, and translator who revolutionised the art of humour and satire. He gathered his scientific knowledge from books, and also from his scientist friends. He also devoted his attention to contemporary philosophers. He said: “The opposite to war is not peace, but the revolution of ideas”. How true that is in today’s technology and business environment. Today we use channel analytics and commercial intelligence seek out the 6 degrees in systematic way.