CLOUD INVENTORY PLANNING & ANALYTICS

EMPOWERING DATA-DRIVEN SUPPLY CHAINS TO MAXIMIZE SERVICE AND MINIMIZE COST

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DEMAND PLANNING

INCREASE FORECAST ACCURACY AND CAPTURE MORE SALES

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INVENTORY OPTIMIZATION

REDUCE INVENTORY AND IMPROVE SERVICE LEVELS

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OPERATIONAL ANALYTICS

IDENTIFY AND REMEDY OPERATIONAL INEFFEICIENCIES

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TACKLE THESE ROOT CAUSES OF INVENTORY PAIN

Service Level Driven Planning address these pain points by equipping executives with the means to shape inventory policy, facilitate organizational consensus on acceptable levels of stock out risk, and equip planners with the tools to identify and correct misallocated inventory.

Intermittent Demand

Rule of Thumb Planning

Ad Hoc Process

AUTOMATED STATISTICAL ANALYSIS DRIVES INVENTORY MANAGEMENT

Inventory managers struggle with the conflicting priorities of customer satisfaction and cost control. The featured article shows how to harness customer demand data to craft optimal inventory policies:

Measure current inventory policy performance: service levels, fill rates, inventory turns, and ordering costs.

Identify improvement goals: Assessing tradeoffs between inventory investment and the risk of running out.

Find the optimal balance point: Setting reorder points and order quantities that will achieve the results you require and much more in this article.

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What Do You Need to Know About Forecasting and Planning Service Parts?

This paper describes Smart Software’s patented methodology for forecasting demand, safety stocks, and reorder points on items such as service parts and components with intermittent demand, and provides several examples of customer success.

CUSTOMER REVIEWS

“SmartForecasts is the only solution out there that has really licked the intermittent demand modeling challenge. It gives us accurate information and more importantly at the lowest dollar. Without SmartForecasts, I think we would have seen a continued growth in our inventory and not necessarily gotten any greater benefit for service.”
Metro-North Railroad
Chief Material Officer
Metro-North Railroad
“Smart’s service level planning methodology has led to productive conversations between sales and supply chain and given us a platform or common ground from which we base our discussions.”
Forum Energy Technologies
Purchasing Manager
Forum Energy Technologies
“Our job is to make sure we have the right lighting products at the right time to meet demand. Smart allows us to understand demand patterns better and more quickly, which then allows us to correctly plan our inventories to accommodate the demand volatility.”
EYE Lighting International
Manager of Procurement and Forecasting
EYE Lighting International