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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Clean, accessible and actionable data under one roof
Pulling all the data together on the cloud lets you automatically refresh the data every day and always see the full picture. Then you can run analytics to calculate multiple cost and performance metrics and how those metrics would change if you changed key drivers, such as supplier lead times.
Gaming Out Your Logistical Response to the Corona Virus
This short note is about one way your business can develop a plan to adjust to one of the likely fallouts from the virus: sudden increases in the time it takes to get inventory replenishment from suppliers. Supply chains around the world are being disrupted. If this happens to you, how can you react in a systematic way?
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.
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Forecast Using Leading Indicators – Regression Analysis:In this Video Tutorials Dr. Thomas Willemain, co–Founder and SVP Research, presents Regression Analysis, a specialized statistical modeling technique to improve the accuracy of the forecasts. These videos explain with examples how to use Regression Analysis and the various scenarios where this technique makes a good choice. […]
Smart Software Completes SOC 2 Type II Audit. Secure cloud platformSmart Software, Inc. announced today that the company completed its SOC 2 Type II Audit, delivering the highest level of data security and availability for customers and partners. . […]
