TransImpact, a supply chain technology and services company, announces the acquisition of Avercast LLC, an inventory forecasting, demand planning and inventory optimization software provider. Avercast empowers global clients to forecast and plan the right products, in the right place, at the right time, for the right price. The acquisition adds seven software products to TransImpact’s current technology solutions, deepening the company’s technology offering in the supply and demand planning stages of the supply chain process.
“Today’s extremely volatile market creates an even greater imperative for clients to be more precise in their demand forecasting and inventory planning. Avercast has over 250 forecasting algorithms that let clients produce expert-level forecasts for up to 60 months into the future,” says Berkley Stafford, CEO of TransImpact. “That level of forecasting helps clients optimize inventory to improve top line sales and turn their supply chain into a competitive advantage.”
With this acquisition, TransImpact also expands its footprint to add an international presence in six countries to support global clients.
“The combination of Avercast’s forecasting technology with TransImpact’s analytics technology gives clients the ability to plan and forecast with an even greater degree of rigor to improve margin.” according to Joe Vocaire, TransImpact Chief Product Officer.
“We are excited about the new ways we will be able to help our clients now that we are a part of TransImpact.” said Avercast Co-founder and CEO Jason Averill “To drive profitability, you need to attack all areas of the supply chain, from planning through delivery and returns. Joining forces with TransImpact allows us to do that.”
SC
MR
More Finance
- Investor expectations influencing supply chain decision-making
- ISM reports manufacturing sees growth in March, snaps 16-month stretch of contraction
- Supply Chains Facing New Pressures as Companies Seek Cost Savings
- February retail sales see annual and sequential gains, reports Commerce and NRF
- A New Model for Retailer-Supplier Collaboration
- How to Create Real Retailer-Brand Loyalty
- More Finance
Latest Podcast
Explore
Topics
Business Management News
- Few executives believe their supply chains can respond quickly to disruptions
- Technology’s role in mending supply chain fragility after recent disruptions
- Survey reveals strategies for addressing supply chain, logistics labor shortages
- How CPG brands can deliver on supplier diversity promises
- How S&OP provides the answer to in-demand products
- AI, virtual reality is bringing experiential learning into the modern age
- More Business Management