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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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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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.
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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.
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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](https://smartcorp.com/wp-content/uploads/2015/07/Public-Transportation-Railroad-Metro-Service-parts.png)
“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.”
Chief Executive Officer
![BC TRANSIT](https://smartcorp.com/wp-content/uploads/2020/02/BC-TRANSIT-300x79.jpg)
“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.”
Pursuing best practices in Demand Forecasting and Inventory Optimization
![Top Differences Between Inventory Planning for Finished Goods and for MRO and Spare Parts](https://smartcorp.com/wp-content/uploads/2023/10/Top-Differences-between-Inventory-Planning-for-Finished-Goods-and-for-MRO-and-Spare-Parts-1080x675.jpg)
Top Differences Between Inventory Planning for Finished Goods and for MRO and Spare Parts
In today’s competitive business landscape, companies are constantly seeking ways to improve their operational efficiency and drive increased revenue. Optimizing service parts management is an often-overlooked aspect that can have a significant financial impact. Companies can improve overall efficiency and generate significant financial returns by effectively managing spare parts inventory. This article will explore the economic implications of optimized service parts management and how investing in Inventory Optimization and Demand Planning Software can provide a competitive advantage.
![The Importance of Clear Service Level Definitions in Inventory Management](https://smartcorp.com/wp-content/uploads/2024/07/The-Importance-of-Clear-Service-Level-Definitions-in-Inventory-Management-FHD-1080x675.jpg)
The Importance of Clear Service Level Definitions in Inventory Management
Inventory optimization software that supports what-if analysis will expose the tradeoff of stockouts vs. excess costs of varying service level targets. But first it is important to identify how “service levels” is interpreted, measured, and reported. This will avoid miscommunication and the false sense of security that can develop when less stringent definitions are used. Clearly defining how service level is calculated puts all stakeholders on the same page. This facilitates better decision-making.
![The Cost of Spreadsheet Planning](https://smartcorp.com/wp-content/uploads/2024/04/The-Cost-of-Doing-nothing-with-your-inventory-Planning-Systems-1080x675.jpg)
The Cost of Spreadsheet Planning
Companies that depend on spreadsheets for demand planning, forecasting, and inventory management are often constrained by the spreadsheet’s inherent limitations. This post examines the drawbacks of traditional inventory management approaches caused by spreadsheets and their associated costs, contrasting these with the significant benefits gained from embracing state-of-the-art planning technologies.
Smart IP&O, a Digital Supply Chain Platform
Software for statistical forecasting, demand planning, and inventory optimization.
Product Feature Comparison
![](https://smartcorp.com/wp-content/uploads/2017/05/p-apics.png)
![](https://smartcorp.com/wp-content/uploads/2017/05/12.png)
![](https://smartcorp.com/wp-content/uploads/2017/05/13.png)
![](https://smartcorp.com/wp-content/uploads/2017/05/14.png)