The Smart Forecaster
Pursuing best practices in demand planning,
forecasting and inventory optimization
Smart Software recently announced a Software as a Service (SaaS) option for SmartForecasts—SFCloud™. Premises-based perpetual licenses will continue to be the preferred software implementation method for many organizations, but there are many reasons why demand for cloud-based solutions is taking off. A vintage post by Bill Richardson at ApplicantStack Team Blog summarizes key benefits of the SaaS model.
Those of you who track hot topics will be familiar with the term “digital twin.” Those who have been too busy with work may want to read on and catch up. While there are several definitions of digital twin, here’s one that works well: A digital twin is a dynamic virtual copy of a physical asset, process, system, or environment that looks like and behaves identically to its real-world counterpart. A digital twin ingests data and replicates processes so you can predict possible performance outcomes and issues that the real-world product might undergo.
In this blog, the spotlight is cast on the software that creates reports for management, the silent hero that translates the beauty of furious calculations into actionable reports. Watch as the calculations, intricately guided by planners utilizing our software, seamlessly converge into Smart Operational Analytics (SOA) reports, dividing five key areas: inventory analysis, inventory performance, inventory trending, supplier performance, and demand anomalies.
Dealing with the day-to-day of inventory management can keep you busy. But you know you have to get your head up now and then to see where you’re heading. For that, your inventory software should show you metrics – and not just one, but a full set of metrics or KPI’s – Key Performance Indicators.