Inventory optimization and demand planning for organizations facing intermittent demand

Empowering you to align inventory policy with strategic objectives to maximize service and return on assets

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Automated statistical analysis drives inventory management
By Thomas R. Willemain, Ph.D.

Inventory managers struggle with the conflicting priorities of customer satisfaction vs. cost control.  Learn how to harness customer demand data to craft optimal inventory policies:

  • Measure current inventory policy performance – including service levels, fill rates, inventory turns, and ordering costs.
  • Identify improvement goals: Assess tradeoffs between inventory investment and the risk of running out. Where are you over- and under-stocked, and how can you do better?
  • Find your optimal balance point, setting reorder points and order quantities that will achieve the results you require.
  • Then make it so.

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Inventory Optimization

Policy optimization software for the Inventory Executive.
  • Predict service performance and costs
  • Assess impact of “what-if” inventory policies
  • Align inventory policy with corporate strategy
  • Establish operational framework to guide planning teams
  • Reduce inventory/improve service

Demand Planning

Demand planning and forecasting for planners and analysts.
  • Predict future demand accurately and efficiently
  • Modify forecasts based on business knowledge
  • Share forecasts for organization feedback and consensus
  • Track forecast accuracy
  • Connect to ERP to drive production planning and replenishment

Operational Analytics

Inventory and Supplier Analysis for Supply Chain Professionals.
  • Benchmark, Trend, and Analyze Inventory and Supplier KPIs
  • Determine if inventory is overstocked or understocked and by how much
  • Identify Opportunities for order cancellations
  • Track and compare supplier performance and lead Times

Five Key Challenges Facing Inventory Executives

Intermittent Demand

Control of Key Drivers

Conflicting Priorities

See-Saw Planning

Disempowered Team

Smart Recognition

Contact Smart Software Today for More Information

If you request a demo of our Demand Planning and Inventory Optimization Software, one of our specialists will show you how we can help, using your own inventory data!

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