Press Release

Global Distributor Achieves Dramatic Inventory Level Improvements in Six Months
South Africa’s oldest timepiece wholesaler finds Avercast^® ‘the perfect solution for the medium-sized business’

Contact: Tim McGraw
media@avercast.com

For immediate release

March 20^th, 2010—A two-year search for a forecasting solution led S. Bacher, one of South Africa’s oldest distributors and wholesalers, to Avercast Business Forecasting, the world’s first easy-to-use forecasting tool.

“Historically we were looking at each brand as an overall category with little regard for item-level decisions,” said Justin Seef, S. Bacher’s procurement director. “Now we can easily drill down to the item level using Avercast and consider purchasing strategies that leverage the pace of sales. After using Avercast Business Forecasting for six months our stock was reduced by 23 percent while simultaneously increasing our stock of more popular items.”

What may be more amazing is that the installation and training were done from a distance of 10,000 miles since Avercast is based in North America.

“Avercast had begun looking at qualified VARs in this part of the world but had not authorized any yet,” Seef said. “We did the installation and training virtually. Avercast personnel were available to come to South Africa, but in the end the intuitive nature of the program didn’t require it.”

Avercast Business Forecasting allows any producer or distributor to easily handle complex functions long taken for granted in the forecasting and demand planning world. Features such as automatic algorithm selection, grouping items by family and managing by exception are presented to users in a framework that does not require a technical background, only a familiarity with inventories, orders and planned orders.

“I like the simplicity of it,” Seef said. “It is very simple, does what it needs to do and does it effectively. This is the perfect solution for the medium-sized business like us with constrained resources,” Seef said.

Based in Johannesburg, South Africa, S. Bacher & Company was incorporated in 1938 as a general importer and distributor. It is well known for its marketing of fashion timepieces and today is responsible for the development, distribution and marketing of many global brands that include fragrances and jewelry.

About Avercast

Avercast, LLC's Enterprise level inventory forecasting and demand planning software solutions are the world’s first easy-to-use tools for companies that want to optimize inventories based on true demand. Avercast's proprietary forecasting technology includes an industry leading 185 forecasting algorithms to handle product trending, sales seasonality, new product introductions, mature and aging products, intermittent product demand, low volume and slow moving products, product promotions, and much more. Avercast, LLC is headquartered in Rexburg, Idaho USA and can be reached at 208-538-5380. Please call or visit www.avercast.com for more information and/or to schedule a personal demonstration using your company’s inventory and demand data.

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