The new technique derives from bootstrapping, a statistical method that accurately forecasts both average product demand per period and customer service level inventory requirements.
New Forecasting Technology Demand
Recent Posts
Irregular OperationsThis blog is about “irregular operations.” Smart Software is in the process of adapting our products to help you cope with your own irregular ops. This is a preview. […]
Smart Software to Present at Epicor Insights 2024Smart Software will present at this year's Epicor Insights event in Nashville. If you plan to attend this year, please join us at booth #13 or #501, and learn more about Epicor Smart Inventory Planning and Optimization. . […]
Looking for Trouble in Your Inventory DataIn this video blog, the spotlight is on a critical aspect of inventory management: the analysis and interpretation of inventory data. The focus is specifically on a dataset from a public transit agency detailing spare parts for buses. […]
Smart Posts
- Irregular OperationsBlog, Inventory control, Inventory OptimizationThis blog is about “irregular operations.” Smart Software is in the process of adapting our products to help you cope with your own irregular ops. This is a preview. […]
The Cost of Spreadsheet PlanningBlog, Demand Planning, Inventory OptimizationCompanies 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. […]
Finding Your Spot on the Inventory Tradeoff CurveBlog, Inventory control, Inventory OptimizationThis video blog holds essential insights for those working with the complexities of inventory management. The session focuses on striking the right balance within the inventory tradeoff curve, inviting viewers to understand the deep-seated importance of this equilibrium. […]