|5 Ways SmartForecasts Improves Your Bottom Line
Smart Software's demand forecasting, planning and inventory optimization solutions improve your bottom line, yielding a big, measurable ROI. They do that by letting you
1. Forecast and plan with confidence. With our SmartForecasts solutions, you get accurate forecasts of demand, safety stock and inventory requirements in seconds, and in a form your company can readily use in all its planning processes. As a result, you identify problems faster and make better use of resources. Instead of spending time organizing data and configuring spreadsheets, your planners can qualitatively assess forecasts and develop plans that lead to better management of corporate resources.
2. Balance inventories. With accurate demand forecasts and inventory stocking estimates, you can have the right product on the shelf at the right place and right time. You can trim inventories with confidence, knowing that your safety stock is set right, thus minimizing inventory investments and carrying costs.
3. Reduce costs and turn inventory into cash. With correctly balanced inventories providing the right stocking levels, you avoid the costs of emergency shipments and re-scheduled production runs, as well as eliminating unnecessary capital and carrying costs associated with holding too much inventory. This lets you turn excess inventory into cash, freeing financial assets for other purposes.
4. Increase sales. By having the right items on the shelf, you reduce stock-outs and backorders, lose fewer sales, and increase market share. Smart customers capture more sales with higher profit margins and deliver excellent customer service.
5. Leverage existing IT investments. SmartForecasts leverages your database, ERP and other existing IT investments, enabling you to save money on training and support. It easily integrates with your ERP and supply chain management systems, and connects directly to Oracle, SQL Server, DB2 and other host database systems.