SAS leads the forecasting software market with deeper penetration than other software vendors in industries such as consumer packaged goods, manufacturing, banking, pharmaceuticals, retail, utilities and higher education.
This finding was based on published reports. SAS currently has more than 6 500 licences with 3 969 unique customers globally for just one of its forecasting products. In a survey of published 2005 Top Ten and industry lists, SAS forecasting solutions were licensed by a large percentage of companies in the following industries:
* 100% of the Top Ten consumer packaged goods companies
* 90% of the Top Ten manufacturers
* 90% of the Top Ten banks
* 80% of the Top Ten pharmaceutical companies
* 70% of the Top Ten retail companies
* 60% of the Top Ten utilities companies
* 30% of the Top Ten universities
"Today's competitive landscape has forced organisations to operate more efficiently, not just on a day-to-day basis but also in planning for the future," said Jim Davis, chief marketing officer at SAS.
"Decision-makers at these companies use SAS forecasting solutions to give them an accurate picture of the future and the ability to reliably measure the impact of economic and marketplace factors. The result is competitive advantage."
SAS solutions for forecasting help organisations across the industry spectrum plan at the most operational level - where day-to-day decisions take place. For example:
* Retail: To ensure that retailers take into account seasonal variations and promotions to reduce the risk that they will run out of products during periods of high demand, which can result in customer loss or overstocks that lead to cut prices and lost revenue.
* Manufacturing: To help consumer packaged goods and other types of manufacturers forecast product demand far in advance so they can plan more effectively - knowing what to produce when and avoiding the costly scenario of warehouses full of excess goods that must eventually be discarded.
* Banking: To help banks accurately plan for daily demands of multiple ATMs located throughout a specific location.
With SAS forecasting technologies, decision-makers accurately analyse and forecast processes that take place over time. By identifying previously unseen trends and anticipating fluctuations, executives can more effectively plan for the future.
Factors that affect business, including the economy, market conditions, customer demographics and such marketing activities as sales promotions, can be identified, quantified and included in the forecasting processes for improved results.
Charlie Chase, market strategy manager at SAS, says: "Forecasting at 75% accuracy versus forecasting at 90% accuracy can mean the difference in hundreds of thousands of dollars to the bottom line.
"With SAS, our customers know they can trust the analytics, plus we provide a complete forecasting solution that includes data access, data cleansing, large scale automatic statistical forecasting, and integration with planning and business systems."
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SAS is the market leader in providing a new generation of business intelligence software and services that create true enterprise intelligence. SAS solutions are used at more than 40 000 sites - including 96 of the top 100 of the 2003 Fortune Global 500 - to develop more profitable relationships with customers and suppliers; to enable better, more accurate and informed decisions; and to drive organisations forward. SAS is the only vendor that completely integrates leading data warehousing, analytics and traditional BI applications to create intelligence from massive amounts of data. For nearly three decades, SAS has been giving customers around the world The Power to Know.
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