One of the Top Ten Retail Companies Signed Contract to Replenish with SAF Software
SAF achieved a breakthrough in the USA
- Implementation of SAF system will be phased over several stages
SAF AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), and which is one of the worldwide leading suppliers of automated forecasting and ordering systems for retailers, has achieved a major breakthrough in the USA.
One of the top ten retail companies and top five grocers in the USA has selected SAF software.Implementation will be phased over several stages beginning in 2008. The revenue recognition to SAF from direct business is expected to occur primarily in 2008 and 2009 on a modular basis.
"Signing this contract strengthens SAF’s competitive position in the US-market. This achievement supports SAF’s further expansion in the US" reports Dr. Andreas von Beringe, CEO of SAF. "We are looking forward to this meaningful and fascinating project with one of the most important top ten retail companies" adds von Beringe.
SAF Simulation, Analysis and Forecasting AG specializes in the development of automated ordering and forecasting software for retailers and industrial manufacturers. SAF deploys the demand chain management approach, which controls replenishment planning based on consumer demand patterns. SAF software assists users to realize substantial cost savings and optimizes general logistics conditions through its simulation capabilities. As a result, significant competitive advantages are achieved along the entire value chain: lower inventories, improved product availability, and last, but not least, a higher level of customer satisfaction.
SAF forecasting and ordering systems are able to forecast with great accuracy consumer demand. They consider seasonal influences, holidays, advertising promotions, school vacations and other effects which might influence the demand. The system orders the needed merchandize with a degree of automation of up to 100 percent. SAF solutions optimize the replenishment process, reduce costs and increase profit.
SAF was established in 1996 by Dr. Andreas von Beringe and Prof. Dr. Gerhard Arminger. SAF shares are listed at the official market (Prime Standard) at the Frankfurt Stock Exchange (FWB). Today, the company employs approx. 95 people. Consolidated sales revenues for fiscal year 2006, were approx. 13.6 million EUR with consolidated profit of 4.6 million EUR according to IFRS statements. SAF’s products are distributed in many European countries as well as in the United States. The company is headquartered in Tägerwilen, Switzerland. SAF also has a subsidiary in the United States: SAF Simulation, Analysis and Forecasting U.S.A., Inc., Grapevine, Texas and in Slovakia, Bratislava: SAF Simulation, Analysis and Forecasting Slovakia s.r.o. with the focus on Nearshore-Development.
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