Smart Software and Optimum Consulting Announce Strategic Partnership
Belmont, Mass., May 2023 – Smart Software, Inventory optimization, demand planning, and forecasting software leader, and Optimum Consulting, today announced their partnership to address the supply chain planning needs of the Manufacturing, Wholesale, and Retail industries in Australia and New Zealand. Optimum Consulting will sell and deploy Smart’s next-generation cloud platform, Smart Inventory Planning & Optimization (Smart IP&O™), as an integral part of its Sales, Operations, and Inventory Planning (SIOP) practice.
Smart Software is a Microsoft Co-sell-ready partner and, over the years, has created a flawless connector to integrate tools with Microsoft Dynamics. The integration brings the cloud-based Smart IP&O (Inventory Planning and Optimization) into the latest version of Microsoft Dynamic solution. By seamlessly integrating strategic planning in Smart IP&O with operational execution in Dynamics, business users can continuously predict, respond, and plan more effectively in today’s uncertain business environment. Smart’s unique approach to planning intermittent demand is especially impactful for public utilities and transit agencies, given the prevalence of spare parts with highly sporadic, seemingly unforecastable usage.
Optimum Consulting is a Microsoft Dynamics 365 Solutions Partner who is totally committed to the Manufacturing, Wholesale, and Retail industries in Australia and New Zealand. The Team’s experts help clients build agile operating models, drive business process improvements, and turn customers into advocates by delivering end-to-end Microsoft Dynamics 365, Microsoft Power Apps, Business Intelligence & Analytics, and Managed Services Solutions.
“Smart Software helps our customers by delivering insightful business analytics for inventory modeling and forecasting that drive ordering and replenishment in the latest version of Microsoft Dynamics. With Smart IP&O, our customers gain a means to shape inventory strategy to align with the business objectives while empowering their planning teams to reduce inventory and improve service,” says Matthew Lingard, CEO at Optimum Consulting
“Maximizing the benefits our solutions can provide requires the expertise and perspective to consider requirements, set goals, and to develop the supporting business process that ensures adoption and benefits. These are the qualities that The New Partner brings to the table and we look forward to our joint success,”…. says Greg Hartunian, President, and CEO at Smart Software
About Smart Software, Inc.
Founded in 1981, 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 Disney, Arizona Public Service, and Ameren. 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.
About the Partner, Inc.
Optimum Consulting is a Microsoft Dynamics 365 Solutions Partner who is totally committed to the Manufacturing, Wholesale, and Retail industries in Australia and New Zealand. The Team’s experts help clients build agile operating models, drive business process improvements, and turn customers into advocates by delivering end-to-end Microsoft Dynamics 365, Microsoft Power Apps, Business Intelligence & Analytics, and Managed Services Solutions. The Team’s functional expertise covers eCommerce, Retail, Pricing & Promotions, Customer Data Platform, Customer Journey Mapping, Customer Experience, Forecasting & Master Planning, Advanced Warehouse, and Production Planning. Optimum Consulting’s technical capabilities span across Commerce Design and Development, Commerce Server, Point of Sale (POS) Development, Finance and Supply Chain Management (SCM) Development, Artificial Intelligence (AI) and Machine Learning (ML), Data Warehouse and Data Lake, and related Microsoft Cloud solutions.
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
How to Select the Right Forecasting Method with Epicor Smart IPO
Smart Software is pleased to introduce our new series of educational webinars, offered exclusively for Epicor Users. In this webinar, Erik Subatis, Enterprise Solution Engineer at Smart Software, will reveal the statistical models Epicor Smart IP&O uses to forecast and how the automatic “best pick” system works. While automatic modeling is invaluable for large-scale forecasting, occasionally, these forecasts don’t reflect our expectations and/or business knowledge. Understanding how and when to override the model selection can be a valuable tool in a forecaster’s toolbox. Finally, the presentation will conclude by showing how to increase profitability with software-enhanced inventory planning processes in a Live Demo.
Attending this webinar, you will learn about the statistical models Smart IP&O uses to forecast and how to catch the exceptions so you can make the most of your forecasting tool.
WEBINAR REGISTRATION FORM
Please register to attend the webinar. If you are interested but not cannot attend, please register anyway – we will record our session and will send you a link to the replay.
We hope you will be able to join us!
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); E-mail: info@smartcorp.com
Smart Software’s article has won 1st place in the 2022 Supply Chain Brief MVP Awards Forecasting category!
Belmont, Mass., December 2022 – Smart Software is pleased to announce that Co-Founder Dr. Thomas R. Willemain’s article “Managing Inventory amid Regime Change” has won 1st place in the Forecasting category of the 2022 Supply Chain Brief MVP Awards.
“Regime change” is a statistical term meaning a major change in the character of the demand for an inventory item. An item’s demand history is the fuel that powers demand planners’ forecasting machines. In general, the more fuel the better, giving us a better fix on the average level, the shape of any seasonality pattern, and the size and direction of any trend. But there is one big exception to the rule that “more data is better data.” If there is a major shift in your business and new demand doesn’t look like old demand, then old data become dangerous.
Read the MVP Award winner article here https://smartcorp.com/inventory-optimization/managing-inventory-amid-regime-change/
Supply Chain Brief brings together the best content from hundreds of industry thought leaders. This MVP Award recognizes the Most Valuable Post as judged by Supply Chain Brief’s audience, award committee, and social media. Smart Software has been recognized to provide the highest value to industry professionals and useful information that is strategic in nature. https://www.supplychainbrief.com/mvp-awards/2022-SCB-MVP-AWARDS/forecasting
Dr. Thomas R. Willemain is Co-Founder and Senior VP for Research at Smart Software. He has been a professor at MIT and the Harvard Kennedy School of Government and is now Professor Emeritus of Industrial and Systems Engineering at Rensselaer Polytechnic Institute. Tom was a Distinguished Visiting Professor at the FAA and supported the Intelligence Community as Expert Statistical Consultant (GS15) in NSA’s Mathematics Research Group and later at IDA’s Center for Computing Sciences. He holds degrees from Princeton University (BSE, summa cum laude) and Massachusetts Institute of Technology (MS and PhD), all in Electrical Engineering.
About Smart Software, Inc.
Founded in 1981, 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 Disney, Arizona Public Service, and Ameren. 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 online at www.smartcorp.com.
Smart Software and 21 Tech Announce Strategic Partnership
Belmont, Mass., October 2022 – Smart Software, Inventory optimization, demand planning, and forecasting software leader, and 21Tech, a well-established asset management consulting and implementation company, today announced their partnership to address the supply chain planning needs of Large Companies and State and Local agencies. 21Tech, LLC will sell and deploy Smart’s next-generation cloud platform, Smart Inventory Planning & Optimization (Smart IP&O™) as an integral part of its Enterprise Asset Management Practice.
21Tech serves a diverse client base, including Fortune 100 companies, public transit agencies, utilities, and state and local agencies across the U.S. and Canada. They specialize in providing a comprehensive ecosystem for a client’s needs as it relates to asset maturity and thought leadership in asset management. This includes asset management process improvements, system implementations, and managed services, where they employ proven methodologies in project management, business process re-engineering, and organizational change management to drive customers forward in achieving their goals. More recently, public and private sector organizations have realized significant benefits from replacing, supplementing, or enhancing their nice and/or proprietary in-house applications with top-tier commercial-off-the-shelf (COTS) applications. 21Tech delivers highly skilled and in-demand technology resources for mission-critical projects.
Smart IP&O is Smart Software’s integrated suite of web applications for collaborative demand planning, inventory optimization, and supply chain analytics. It operates as a transparent extension of the customer’s ERP and Asset Management system of choice, returning optimized demand forecasts, and stocking policies that balance costs and service level requirements across the distribution network. Smart’s unique approach to planning intermittent demand is especially impactful for public utilities and transit agencies considering the prevalence of spare parts with highly sporadic, seemingly unforecastable usage.
“Smart has proven that its inventory optimization and forecasting solutions are a key fit in the ecosystem of solutions needed to drive asset maturity for public transit and utilities. We see them as a strategic component in integrating with Hexagon EAM for our customers, and look forward to bringing this added efficiency to our client base” says 21Tech CEO Dilraj Kahai.
“Maximizing the benefits our solutions can provide requires the expertise and perspective to consider requirements, set goals, and to develop the supporting business process that ensures adoption and benefits. These are the qualities that 21Tech brings to the table and we look forward to our joint success” says Greg Hartunian, President and CEO
About 21Tech, LLC.
21Tech was founded in 1996 to provide technology leadership and services to government and commercial organizations. 21Tech’s Enterprise Asset Management practice provides software evaluations, implementations, integrations, enhancements, and support services. Additionally, 21Tech’s strategic consulting services provide leading practice process design, assessment, and asset management maturity roadmap services to help ensure its clients realize full benefits of its asset and inventory management software investments. As a corporate member of the Institute of Asset Management, 21Tech ensures its services and solutions align with recognized, international standards, as they deliver to customers in the U.S., Canada, and worldwide. 21Tech can be found at www.21Tech.com and its transit-specific asset management solution can be found at RapidTAM.com
About Smart Software, Inc.
Founded in 1981, 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 Disney, Arizona Public Service, and Ameren. 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 online at www.smartcorp.com.
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 Community Summit North America
Smart Software’s Channel Sales Director and Enterprise Solution Engineer, to present three sessions at this year’s Community Summit event in Orlando, FL.
Belmont, MA, – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that its Channel Sales Director, Pete Reynolds, and its Enterprise Solution Engineer Erik Subatis, have been selected to present three sessions at the Dynamics Community Summit NA. They will explain how to plan using Collaborative forecasting, how to Maximize Service Levels, and how to Forecast Accurately during the three sessions.
Smart Software will also be exhibiting at the conference showcasing Smart Inventory Planning & Optimization and bi-directional integrations to Microsoft Dynamics NAV, Microsoft Dynamics 365 Business Central, and Microsoft Dynamics AX.
Smart Software Presentations at Community Summit North America 2022
- Maximize Service Levels and Minimize Inventory Costs
- Session Date: 10/12/2022 2:00 PM -2:45 PM
- Room Number: Tampa 2 – Convention Center, Level 2
- Predict and Plan the Sales Cycle Using Collaborative Forecasting
- Session Date: 10/13/2022 9:00 AM -9:45 AM
- Room Number: Sarasota 1 – Convention Center, Level 2
- 5 Demand Planning Tips for Calculating Forecast Uncertainty
- Session Date: 10/13/2022 10:00 AM -11:00 AM
- Room Number: Osceola B – Convention Center, Level 2
Community Summit North America is the largest independent gathering of the Microsoft business applications ecosystem of users, partners, and ISVs on the planet. Come by booth #1122 to learn about probabilistic forecasting and optimization methods that can make a big difference to your bottom line. Whether you are a seasoned Microsoft user looking for new ways to optimize your supply chain or are new to Dynamics Applications and want to understand how a planning platform can help drive revenue increases and inventory reductions, please stop by.
About Smart Software, Inc.
Founded in 1981, 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 Disney, Arizona Public Service, and Ameren. 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.
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 Launches Smart Inventory Optimization and Demand Planning for Prophet 21
Smart Software, a leader in enterprise demand planning, consensus forecasting, and inventory optimization solutions announces the release of Smart Inventory Planning and Optimization (Smart IP&O) for Prophet 21 (P21). The company will demonstrate the solution at the Connect 2022, P21’s Annual User Group Conference August 29th – August 31st. With Smart IP&O, Prophet 21 users will now be able to:
- Conduct Global What if Scenarios across thousands of parts that compare Smart prescribed, user defined, and P21 calculated stocking policies across Key Performance Predictions of Service Levels, Fill Rates, Shortage Costs, Inventory Value, and more.
- Leverage Smart’s prescribed stocking policies and service level recommendations that will optimally yield the most profitable outcomes for each part considering predicted holding costs, ordering costs, and shortage costs.
- Accurately forecast all demand patterns including intermittent demand that is highly prevalent with distribution businesses. Smart’s patented probabilistic modeling engine generates thousands of future demand scenarios that more accurately predict demand and stocking policies.
- Develop consensus forecasts comparing statistical, P21 generated forecasts, sales, and customer forecasts. Smart’s Demand Planning workbench enables graphical and tabular visualizations of all forecasts considered and supports automated consensus forecasting and accuracy measurement.
- Leverage Smart IP&O’s bi-directional integration to P21 that continually updates Smart’s common data model with planning data and writes back forecasts and stocking policies on demand.
“Smart IP&O extends an already feature rich P21 with difference making forecasting and inventory optimization technology. Our joint customers will now be able to more effectively wield inventory to build a competitive moat around their business, maximize sales, and outperform the competition,” said Greg Hartunian, Smart Software CEO. “Today’s supply chains need far better capabilities to contend with the extreme demand and supply variability businesses are facing today. We look forward to equipping our Epicor P21 customers with the tools to do this effectively, accurately, and at scale.”
About Smart Software, Inc.
Founded in 1981, Smart Software, Inc. is an Epicor Platinum Partner and leading provider of demand planning, forecasting, inventory optimization, and analytics solutions. Our web platform, Smart IP&O, leverages probabilistic forecast modeling, machine learning, and collaborative demand planning to optimize inventory levels and increase forecast accuracy. Smart Software is headquartered in Belmont, Massachusetts. To learn more, visit www.smartcorp.com.
