Smart Software Presents SmartForecasts 8.4
Improves demand forecast integration with enterprise planning systems
Belmont, Massachusetts, February 10, 2012 -
Smart Software, Inc., provider of industry-leading demand forecasting, planning,
and inventory optimization solutions, will present Version 8.4 of its flagship
product, SmartForecasts®, at the Institute of Business Forecasting
& Planning Conference, Feb. 27-28 in Scottsdale, Arizona. New
enhancements in this latest version will streamline numerous operations within
the demand planning process, as well as the flow of data between demand and
inventory planners and those responsible for enterprise planning systems.
Eric Cox, Senior Sales Representative for Smart Software, will be on hand
at the IBF Conference to discuss these and additional, upcoming enhancements.
(Learn more about the conference at www.ibf.org)
"SmartForecasts 8.4 reflects our commitment to meet our customers' needs to
integrate accurate forecasts and inventory stocking information so they can make
better planning decisions. This has been exceedingly critical as
organizations seek to reduce their costs and increase their cash flow in a
difficult economic environment," said Charles Smart, president and CEO of Smart
Software. "In particular, our patented intermittent demand forecasting
technology has proven to be an effective way for service/spare parts operations
and companies engaged in capital goods manufacturing to manage their
hard-to-forecast inventory items. It has enabled our customers to reduce
their aggregate inventories and improve cash flow while achieving the same or
better service levels across their distribution networks."
SmartForecasts is a best-in-class, cross-industry solution for demand
forecasting, demand planning, and inventory optimization, with special
capabilities to meet the needs of organizations with intermittent, "slow moving"
demand. It integrates easily with host databases, such as Oracle, SQL
Server, and IBM DB2, and virtually any ERP system, including mainstream
solutions from SAP, Microsoft, Sage and Epicor. Version 8.4 of
SmartForecasts includes the following new features and capabilities:
- Import/Export module, with new data integration capabilities providing
fast, hands-off data transfer between SmartForecasts and corporate planning
systems. This new module will eliminate the need for most if not all IT
involvement in the exchange of demand forecast, safety stock, and historical
- Improved "what if" options that streamline the demand planning process by
enabling users to make "on-the-fly" changes to key, embedded forecast
parameters during batch automatic forecasting and simultaneously save these
changes for future use.
- Support for background processing of extremely large databases, allowing
users to forecast an essentially unlimited number of items. This will
enable SmartForecasts to operate on very large data sets efficiently,
utilizing distributed computer resources.
- Continued refinement of the core SmartForecasts system, including
enhancements to numerical data filtering that speed forecast analysis and
improve post-forecast decision support. Data table editing capabilities
have been extended so that users can easily create "histories" for new
inventory items based on values for comparable products, making these items
SmartForecasts 8.4 is fully compatible with SmartCollaborator, Smart
Software's complementary application that provides web-based collaboration
across the enterprise by utilizing feedback from remote users both inside and
outside the corporation to foster consensus forecasting and better
communications between planning groups.
SmartForecasts 8.4 is shipping now and is available directly from Smart
Software and authorized resellers. Please contact Eric Cox at Smart
Software to arrange a conversation at the IBF Conference, or to set up a private
briefing via teleconference: call 1-800-SMART-99 (800-762-7899) or send an email
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: firstname.lastname@example.org
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