Smart Software to Present at NESCON 2020
Smart Software President and CEO to present NESCON New England Supply Chain Conference 2020 Breakout Session on Inventory Planning Processes
 
Belmont, Mass., October, 2020

Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that it will present at the  NESCON 2020, New England Supply Chain Conference & Exhibition. The presentation is scheduled for Oct. 5, 1:00 PM-1:30 PM.

Greg Hartunian, CEO of Smart Software, under the tittle “Traditional inventory Planning Processes: Problems and Solutions”, will present the Session. Greg will explain how to empower planning teams to reduce inventory, improve service levels, and increase operational efficiency.

Optimizing inventory can be made easy. Most inventory planning teams rely upon traditional forecasting approaches, rule of thumb methods, and sales feedback on demand. Our Breakout Session at NESCON discusses these approaches, why they often fail, and how new probabilistic forecasting and optimization methods can make a big difference to your bottom line.

 

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 demand forecasting and inventory optimization solutions have helped thousands of users worldwide, including customers at mid-market enterprises and Fortune 500 companies, such as Otis Elevator, Mitsubishi, Siemens, Disney, FedEx, MARS, and The Home Depot.  Smart Inventory Planning & Optimization 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 and Smart IP&O are registered trademarks 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.
Phone: 1-800-SMART-99 (800-762-7899); FAX: 1-617-489-2748; E-mail: info@smartcorp.com

 

What you Need to know about Inventory Forecasting and Planning

Q&A with Smart Software: Forecasting solutions and the business benefits of inventory optimization

Belmont, Mass., October, 2020 – Smart Software, Inc., provider of industry-leading demand forecasting, inventory planning, and inventory optimization solutions, announced today that SourceForge Online Magazine will feature an interview with Smart Software CEO, Greg Hartunian.  In the interview, Mr. Hartunian shares background on Smart Software’s 35 years in the planning software business, the business benefits of improving inventory planning and forecasting processes, and offers practical advice to help enterprises reduce standing inventory and increase service levels.
To read the article please visit https://sourceforge.net/articles/

 

Summit Group America Smart Software

 

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 demand forecasting and inventory optimization solutions have helped thousands of users worldwide, including customers at mid-market enterprises and Fortune 500 companies, such as Otis Elevator, Mitsubishi, FedEx, MARS,  The Home Depot, Siemens and Disney, . Smart Inventory Planning & Optimization 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 and Smart IP&O are registered trademarks 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.
Phone: 1-800-SMART-99 (800-762-7899); FAX: 1-617-489-2748; E-mail: info@smartcorp.com

 

Smart Software to Present at P21WWUG CONNECT 2020

Smart Software to lead P21WWUG CONNECT 2020 Educational Video Sessions on Inventory Policies.

Belmont, Mass., August, 2020 – Smart Software, Inc., provider of industry-leading demand forecasting, inventory planning, and inventory optimization solutions, today announced that Dr. Thomas Willemain, co–Founder and SVP Research, will present the Video Session “Top Inventory Policies Explained” at P21WWUG CONNECT 2020 from August 14 through September 11 , 2020.

In this video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares commonly used inventory control policies. After a short introduction about Smart Software, Dr. Willemain reviews demand driven policies such as Min/Max and Reorder Point. This is followed by a description of Forecast Driven policies.  A better understanding of these policies and their pros and cons will enable you to configure P21 to better support your planning requirements.  The session concludes with a short demo of Smart Inventory Optimization. The demo shows how you can generate optimal planning parameters that will achieve your targeted service levels at the lowest cost and return the optimized policies to P21 in just a few mouse-clicks.

The Video Session will be accessible from August 14 through September 11. Smart Software will be also exhibiting at the Virtual Conference showcasing Smart Inventory Planning & Optimization.

 

Summit Group America Smart Software

 

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 demand forecasting and inventory optimization solutions have helped thousands of users worldwide, including customers at mid-market enterprises and Fortune 500 companies, such as Otis Elevator, Mitsubishi, Siemens, Disney, FedEx, MARS, and The Home Depot. Smart Inventory Planning & Optimization 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 and Smart IP&O are registered trademarks 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.
Phone: 1-800-SMART-99 (800-762-7899); FAX: 1-617-489-2748; E-mail: info@smartcorp.com

 

Share, develop, and manage consensus demand plans

The Smart Forecaster

Pursuing best practices in demand planning,

forecasting and inventory optimization

Share, develop, and manage consensus demand plans to ensure inventory policy matches business strategy.

Smart Inventory Optimization (SIO) creates planning scenarios. SIO starts with a “Live” scenario that shows where you are now. Various team members can create their own scenarios, perhaps dividing the work by product line or sales territory. One decision maker can then merge these scenarios into a consensus plan that becomes the “Goal” scenario, which drives the ERP system’s replenishment planning.

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Four Ways to Optimize Inventory

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Inventory optimization has become an even higher priority in recent months for many of our customers.  Some are finding their products in vastly greater demand; more have the opposite problem. In either case, events like the Covid19 pandemic are forcing a reexamination of standard operating conditions, such as choices of reorder points and order quantities.

TOP 3 COMMON INVENTORY POLICIES

TOP 3 COMMON INVENTORY POLICIES

In this Video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares the three most used inventory control policies. These policies are divided into two groups, periodic review and continuous review. There is also a fourth policy called MRP logic or forecast based inventory planning which is the subject of a separate video blog that you can see here. These videos explain each policy, how they are used in practice and the pros and cons of each approach.

Share, develop, and manage consensus demand plans

Share, develop, and manage consensus demand plans

Ensure inventory policy matches business strategy. Various team members can create their own scenarios, perhaps dividing the work by product line or sales territory. One decision maker can then merge these scenarios into a consensus plan.

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    How do you know Min/Max policy is working well for you?

    The Smart Forecaster

    Pursuing best practices in demand planning,

    forecasting and inventory optimization

    What is a Min/Max policy? How do you know is working well for you? Smart IP&O gets Min/Max right!

    The Min/Max inventory policy is one of four available Replenishment methods in SIO. When the inventory level drops to or below the Min, a replenishment order is generated. The reorder quantity is the number of units needed to raise the stock up to the Max. How do you know your Min/Max settings are working well and triggering replenishment orders at the right time and for the right quantities? If you are like most companies, setting Min/Max levels is based on rules of thumb or simple averaging techniques that don’t expose the trade off curve between service level and inventory cost. This makes it impossible to predict which items are likely to have overstocks and shortages in the future. In this Video Blog we elaborate on this and describe how Smart Inventory Optimization can help.

     

     

    Leave a Comment

    Related Posts

    Four Ways to Optimize Inventory

    Four Ways to Optimize Inventory

    Inventory optimization has become an even higher priority in recent months for many of our customers.  Some are finding their products in vastly greater demand; more have the opposite problem. In either case, events like the Covid19 pandemic are forcing a reexamination of standard operating conditions, such as choices of reorder points and order quantities.

    TOP 3 COMMON INVENTORY POLICIES

    TOP 3 COMMON INVENTORY POLICIES

    In this Video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares the three most used inventory control policies. These policies are divided into two groups, periodic review and continuous review. There is also a fourth policy called MRP logic or forecast based inventory planning which is the subject of a separate video blog that you can see here. These videos explain each policy, how they are used in practice and the pros and cons of each approach.

    Share, develop, and manage consensus demand plans

    Share, develop, and manage consensus demand plans

    Ensure inventory policy matches business strategy. Various team members can create their own scenarios, perhaps dividing the work by product line or sales territory. One decision maker can then merge these scenarios into a consensus plan.

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    • AUTOMATIC FORECASTING Probabilistic Analytics Demand PlanningAutomatic Forecasting for Time Series Demand Projections
      In this video tutorial Dr. Thomas Willemain, co–Founder and SVP Research at Smart Software, presents Automatic Forecasting for Time Series Demand Projections, a specialized algorithmic tournament to determine an appropriate time series model and estimate the parameters to compute the best forecasts methods. […]
    • NESCON keynote address on Inventory Planning ProcessesSmart Software to Present at NESCON 2020
      Greg Hartunian, CEO of Smart Software, under the tittle "Traditional inventory Planning Processes: Problems and Solutions", will present how to empower planning teams to reduce inventory, improve service levels, and increase operational efficiency. […]