Smart Software Gains Momentum in Latin American Markets
Latin American partner GOTSA wins inventory optimization opportunities with retail hardware and service parts distribution operations
Belmont, Mass., January 25, 2012 - Smart Software,
Inc., provider of industry-leading demand forecasting, planning, and inventory
optimization solutions, today announced that two Latin American companies, Volvo
Parts in Mexico, and Preca in Venezuela, purchased its flagship product,
SmartForecasts®, through its new reseller in Mexico and Latin
America, Grupo de Outsourcing Tecnologico, S.A (GOTSA). Both customers are using
the software's patented intermittent demand forecasting capabilities to optimize
their inventories, reduce costs, and improve service levels. GOTSA defined and
configured both solutions, supported successful implementations, and is
providing ongoing training and customer support. Volvo Parts and Preca join
manufacturing and retail customers already using SmartForecasts in Bolivia,
Chile, Colombia, Mexico, Panama, and Venezuela.
Volvo Parts uses SmartForecasts for its distribution
center in Toluca, Mexico, that supports the company's Mexican dealer network
with parts for the truck and bus markets. A large percentage of the parts they
carry experience intermittent demand, the slow-moving, seemingly random
consumption of inventory that is especially challenging to forecast, and for
which SmartForecasts is especially well suited. Volvo is using SmartForecasts to
define optimal stocking levels and reorder points and share the information with
its in-house inventory management system, SWISS, and its QAD MRP system.
With the help of GOTSA, Volvo implemented SmartForecasts
in one week. In the seven months since then, Volvo has been able to reduce its
safety stock 30%, while simultaneously increasing its fill rate by 10% and
improving customer service by 25%.
"SmartForecasts has enabled us to accomplish significant
inventory cost savings and improvements in customer service," said Frank De
Clercq, procurement and customer service manager with Volvo. "In Mexico we are
charged a penalty if we can't deliver a part to one of our customers. The
increase in fill rates has reduced those costs and contributed directly to
increases in revenue. One of our goals was to get the proper inventory mix, and
SmartForecasts has helped us stock more of the parts we need and reduce our
inventory in other areas."
Preca is the largest retail hardware chain in Venezuela.
It operates fifteen (15) retail locations, and sells building, construction and
home improvement products to the building trades and consumers. Intermittent
demand is a significant challenge for Preca as well.
The retailer purchased SmartForecasts as a first step in a
corporate-wide supply chain optimization project. With the help of GOTSA, Preca
has integrated SmartForecasts with its in-house SQL Server-based planning
systems to generate accurate forecasts and optimize inventories. Preca utilizes
SmartForecasts to evaluate demand at the store level and roll up forecasts and
stocking recommendations to the corporate replenishment system. The result has
been better communication with the retailer's suppliers and improved
availability at the store level.
"If we do not have an item in our stores, our customers will go somewhere
else to get it," commented Jose Francisco Lozada, Preca's Demand Planner. "With
the improvements to our forecasts and inventory planning that SmartForecasts
enabled, we have been able to reduce safety stock by 20% while also reducing
stock-outs 35%. This has helped us grow our sales 15% in the past year. This
ability to manage our inventory better contributed to our recent decision to
expand our business to new locations."
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 optimal inventory and safety
stock required to meet future orders and achieve desired service levels. It
integrates with Oracle, Microsoft SQL Server, and IBM DB2, and virtually any ERP
or supply chain planning system including solutions from SAP, Microsoft,
PeopleSoft, Sage and Epicor.
Grupo de Outsourcing Tecnologico S.A.,
based in Mexico City, specializes in providing enterprise demand forecasting,
planning, and inventory optimization systems for manufacturing and distribution
companies. GOTSA resells and supports SmartForecasts in México and Latin America
as a standalone demand forecasting and inventory optimization solution, as well
as a best-in-class solution integrated with a company's ERP or supply chain
For more information, please contact Alejandro Mendoza, Grupo de Outsourcing
Tecnologico, S.A., Mexico City (52) 55.36.26.03.83 or firstname.lastname@example.org.
About Smart Software, Inc.
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 users worldwide, including customers
at mid-market enterprises and Fortune 500 companies, such as Abbott
Laboratories, Otis Elevator, Mitsubishi, Siemens, Disney, Nestle, GE and The
Coca-Cola Company. 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
optimal inventory and safety stock required to meet future orders and 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 registered 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.
(800-762-7899); FAX: 1-617-489-2748; E-mail: email@example.com
Back to Press Releases