Smart IP&O, a modular platform for Inventory Planning & Optimization
Testimonials
“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.”
“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.”
“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.”
Customers Using our Demand and Inventory Forecasting Software
MRO & Aftermarket Spare Parts
Manufacturing
Distribution
How the Smart IP&O Platform Can Help
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.
Pursuing best practices in Demand Forecasting and Inventory Optimization
Assessing How Suppliers Influence Your Inventory Costs
Software for inventory optimization is most often used to crank out the analytical results you need to run your day-to-day business, such as Reorder Points (also known as Mins) and Order Quantities. This specialized software helps you find the sweet spot that balances inventory costs against item availability during routine operations.
Managing Inventory amid Regime Change
If you hear the phrase “regime change” on the news, you immediately think of some fraught geopolitical event. Statisticians use the phrase differently, in a way that has high relevance for demand planning and inventory optimization. This blog is about “regime change” in the statistical sense, meaning a major change in the character of the demand for an inventory item.
Call an Audible to Proactively Counter Supply Chain Noise
You know the situation: You work out the best way to manage each inventory item by computing the proper reorder points and replenishment targets, then average demand increases or decreases, or demand volatility changes, or suppliers’ lead times change, or your own costs change.
