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Press Release Creativity, Inc. Uses Smart Software's SmartForecasts to Craft Better Inventory Management Solution
Belmont,
Mass., June 22, 2005 - Smart Software, Inc., provider of industry-leading demand
forecasting, planning, and inventory optimization solutions, today announced
that Creativity, Inc. has purchased its flagship product, SmartForecasts
Enterprise, to improve demand planning and inventory management at this
privately-held distributor of arts and crafts supplies. Creativity will
integrate SmartForecasts with the company's CMS ERP system to initiate a more
sophisticated inventory management process to better quantify and predict demand
patterns, and provide superior service to its customers.
Creativity Inc., based in Van Nuys, Calif., is a mid-sized importer and
supplier of a variety of arts and crafts products, such as beads, scrapbooking
supplies, paper crafting, and craft organization solutions. The company consists
of four divisions: Blue Moon Beads, DMD, Crop-In-Style and Westrim Crafts, and
manages more than 12,000 active SKUs in its inventory. Creativity will use
SmartForecasts' forecasting and inventory optimization capabilities to provide
accurate safety stock estimates and set service level inventory requirements.
This will help to ensure more efficient distribution procedures and better
merchandising support for its customers.
"With our growing business we need more horsepower to get the job done," said
Nick Lazarou, Vice President of Supply Chain Management at Creativity, Inc. "
SmartForecasts will enable us to add accurate statistically-based forecasting to
our collaborative demand forecasting process. This capability will help us do a
better job of managing our inventories and providing superior customer
service."
Smart Software has provided Creativity Inc, with business planning
consultation and comprehensive product training. Additionally, Smart Software
will supervise and support the integration of SmartForecasts with the company's
ERP system.
About Smart Software
Founded in 1984, Smart Software, Inc. is a leader in providing businesses
with enterprise-wide demand forecasting, planning and inventory optimization
solutions. Smart Software's flagship product, SmartForecasts, has thousands of
customers worldwide, including midmarket enterprises and Fortune 500 companies,
such as Monsanto, Mitsubishi, Siemens, Labatt Breweries, Pfizer, GE and
Coca-Cola. SmartForecasts gives demand planners the tools to handle sales
seasonality, promotions, new and aging products, multi-dimensional hierarchies,
and intermittently demanded service parts and capital goods items. It also
provides inventory managers with accurate estimates of the minimum inventory and
safety stock required to meet future orders, thereby ensuring the most
cost-effective inventory allocation to achieve desired service levels. Smart
Software is headquartered in Belmont, Massachusetts and can be found on the
World Wide Web at www.smartcorp.com.
SmartForecasts is a trademark of Smart Software, Inc. All other trademarks
are the property of their respective owners.
For more information, please contact Smart Software, Inc., Four Hill Road,
Belmont, MA 02478.
Phone: 1-800-SMART-99 (800-762-7899);
FAX: 1-617-489-2748; E-mail: info@smartcorp.com
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