Don’t Guess. See What’s Next.

Combine Smart’s probabilistic modeling with planner intelligence to proactively calibrate risks, tradeoffs, and consequences at scale to drive more accurate forecasts and optimized inventory levels.  

MRO & Aftermarket Spare Parts

Manufacturing

Distribution

40 Years of Delivering Field Proven Demand Forecasting and Planning Solutions

Statistical Forecasting

Statistical Forecasting

  • Automatically selects the best forecast model.
  • Predicts seasonality and trend.
  • Forecast override and accuracy workbench.

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Inventory Optimization

Inventory Optimization

  • Optimize stocking policies across the distribution network.
  • Predict service levels, fill rates, inventory value, and track historical KPIs.
  • Conduct what if scenarios that calibrate risks, consequences, and tradeoffs.

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S&OP / IBP

S&OP / IBP

  • Align unit forecasts with the revenue plan at any level of the business.
  • Identify and reconcile gaps between the budgeted plan and reality.
  • Coordinate supply, demand, and budget.

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Demand Planning

Demand Planning

  • Forecast at multiple levels including family, customer, and region.
  • Import external forecasts and track value-add.
  • Develop a consensus plan bridging business knowledge and statistics.

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Spare Parts Planning

Spare Parts Planning

  • Patented probabilistic methodology for intermittent demand.
  • Simulate the inflow and outflow of repairable spare parts/rotables.
  • Planned maintenance and capital project planning & budgeting.
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ML, Analytics, and Reporting

ML, Analytics, and Reporting

  • Build, train, and deploy ML models for multiple use cases.
  • Drive proactive and rapid response with exception reporting.
  • Develop custom AI infused BI reports with pre-built data models.

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40 Years of Delivering Field Proven Demand Forecasting and Planning Solutions

Statistical Forecasting
  • Automatically selects the best forecast model.
  • Predicts seasonality and trend.
  • Forecast override and accuracy workbench.

Read More 

Inventory Optimization
  • Optimize stocking policies across the distribution network.
  • Predict service levels, fill rates, inventory value, and track historical KPIs.
  • Conduct what if scenarios that calibrate risks, consequences, and tradeoffs.

Read More 

S&OP / IBP

  • Align unit forecasts with the revenue plan at any level of the business.
  • Identify and reconcile gaps between the budgeted plan and reality.
  • Coordinate supply, demand, and budget.

Read More 

Demand Planning

  • Forecast at multiple levels including family, customer, and region.
  • Import external forecasts and track value-add.
  • Develop a consensus plan bridging business knowledge and statistics.

 Read More 

Spare Parts Planning
  • Patented probabilistic methodology for intermittent demand.
  • Simulate the inflow and outflow of repairable spare parts/rotables.
  • Planned maintenance and capital project planning & budgeting.
Read More 
ML, Analytics, and Reporting
  • Build, train, and deploy ML models for multiple use cases.
  • Drive proactive and rapid response with exception reporting.
  • Develop custom AI infused BI reports with pre-built data models.

Read More 

Uncertainty is expensive.

But with Smart, you’ll be ready for whatever comes next.

  • Generate accurate demand forecasts and optimal stocking policies in seconds.
  • Know how much is too much and when to add more.
  • Understand the cost vs. benefit of each inventory decision.
  • Wield inventory as a competitive asset.
  • Drive up service levels, and drive down costs.

How the Smart IP&O Platform Can Help

Testimonials

Public Transportation Railroad Metro Service parts

 

“Smart is the only one out there that has really licked the intermittent demand modeling challenge. We get accurate information and more importantly at the lowest dollar. Without Smart, I think we would have seen continued growth in our inventory and not necessarily gotten any greater benefit for service.”

Chief Material Officer, Metro-North Railroad

 

Logo Impressart

 

I studied all the best practices from numerous sources and found that Smart’s approach was addressing everything. Smart is helping me save time and automate the inventory planning process, which ultimately is helping me scale our business.  We now have a great inventory planning and forecasting process generating measurable value that can be plugged into whatever ERP we choose.

Chief Executive Officer

Impress Art

BC TRANSIT

 

“Smart IP&O allowed us to transform our manually maintained stocking levels to a service level-based model that drove significant improvements in fill rates while optimizing total inventory on hand.  The accurate forecasts of stocking levels provided fact-based data that allowed us to strategically phase the consolidation effort where warehouse space was at a premium.”

Manager Part Supply and Logistics, BC Transit

Pursuing best practices in Demand Forecasting and Inventory Optimization

Prepare your spare parts planning for unexpected shocks

Prepare your spare parts planning for unexpected shocks

In today’s unpredictable business climate, we do have to worry about supply chain disruptions, long lead times, rising interest rates, and volatile demand. With all these challenges, it’s never been more vital for organizations to accurately forecast parts usage, stocking levels, and to optimize replenishment policies such as reorder points, safety stocks, and order quantities. In this blog, we’ll explore how companies can leverage innovative solutions like inventory optimization and parts forecasting software that utilize machine learning algorithms, probabilistic forecasting, and analytics to stay ahead of the curve and protect their supply chains from unexpected shocks.

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Leveraging ERP Planning BOMs with Smart IP&O to Forecast the Unforecastable

Leveraging ERP Planning BOMs with Smart IP&O to Forecast the Unforecastable

In a highly configurable manufacturing environment, forecasting finished goods can become a complex and daunting task. The number of possible finished products will skyrocket when many components are interchangeable. A traditional MRP would force us to forecast every single finished product which can be unrealistic or even impossible. Several leading ERP solutions introduce the concept of the “Planning BOM”, which allows the use of forecasts at a higher level in the manufacturing process. In this article, we will discuss this functionality in ERP, and how you can take advantage of it with Smart Inventory Planning and Optimization (Smart IP&O) to get ahead of your demand in the face of this complexity.

read more
Leveraging ERP Planning BOMs with Smart IP&O to Forecast the Unforecastable

Leveraging ERP Planning BOMs with Smart IP&O to Forecast the Unforecastable

In a highly configurable manufacturing environment, forecasting finished goods can become a complex and daunting task. The number of possible finished products will skyrocket when many components are interchangeable. A traditional MRP would force us to forecast every single finished product which can be unrealistic or even impossible. Several leading ERP solutions introduce the concept of the “Planning BOM”, which allows the use of forecasts at a higher level in the manufacturing process. In this article, we will discuss this functionality in ERP, and how you can take advantage of it with Smart Inventory Planning and Optimization (Smart IP&O) to get ahead of your demand in the face of this complexity.

read more

Smart IP&O, a Digital Supply Chain Platform

Cloud Native Platform

A single, secure, and scalable native cloud platform with multiple end user Apps that helps you predict accurately, protect against uncertainty, and plan efficiently.

Intermittent Demand Planning

Engineered for intermittent demand, Smart’s field proven methods succeed on even the hardest to forecast, anything but normal, unplannable items.

Automate Supply Chain Decisions

You’ll build automated, exception based plans that adapt and respond to frequently changing business conditions while doing away with time intensive manual planning.

Collaborative Planning

Share collaborative “what if” demand forecasts, inventory policies and develop an authorized consensus plan aligned to achieve business objectives.

Probabilistic Forecasting

Predict a range of outcomes and the probability for each possibility to accurately prescribe risk adjusted stocking policies that optimally balance service levels and cost.

Smart ERP Integrations

Seamlessly integrate with your system of record with an automated bi-directional data exchange that ensures alignment between planning policies and execution.

Software for statistical forecasting, demand planning, and inventory optimization.

Product Feature Comparison

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.

    Get This Article

    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.