Supply and Demand Chain Executive: Optimizing Parts Management at BC Transit.
Belmont, Mass., May 14, 2020 – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that Supply and Demand Chain Executive 2020 Online Magazine features an article about inventory optimization at BC Transit, entitled “Optimizing Parts Management at BC Transit.” Eric Nelson, Director for Supply Services at BC Transit explains how Smart IP&O has helped ensure that they have the right part in the right place at the right time to equip their entire service network with 35 repair locations. “Smart IP&O has enabled us to utilize service level as a driving KPI,” states Nelson, “essentially risk adjusting our inventory to address the criticality of not running out, and to deal with the thorny challenges of seasonal and intermittent demand. It is helping us keep our buses on the road, so we can be the best transportation solution for our partners across British Columbia.”
To read the entire article and to learn more about Optimizing Parts Planning please visit https://www.sdcexec.com/warehousing/article/21130834/optimizing-parts-management-at-bc-transit
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, 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.
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 has been named an Epicor platinum partner, the highest designation in the ISV Partner Program
Smart Software named an Epicor platinum partner, the highest designation in the ISV Partner Program
Belmont, Mass., January 2020 – Smart Software is pleased to announce that it has been named an Epicor platinum partner as a leading provider of demand planning and inventory optimization solutions. Epicor ERP customers leverage Smart’s web native platform for Inventory Planning and Optimization (Smart IP&O) to develop consensus forecasts, manage demand, and optimize stocking policies.
“Smart Software helps Epicor ERP customers by delivering business analytics for inventory modeling and forecasting. Having too much or not enough inventory are costly problems that typically require a great deal of manual planning and costs. Using Smart IP&O, our customers are able to automate manual planning processes, forecast demand more accurately, and shape inventory strategy to align with the business objectives.” notes Jennifer Schulze, VP Product Marketing, Epicor
Smart Software’s certified bi-directional integration to Epicor ERP makes all transactional data in Epicor such as shipments, sales orders, supplier receipts, inventory on hand, and more, available in Smart IP&O’s data model for analysis. Smart IP&O leverages field-proven analytics, probabilistic modeling, and the latest advancements in forecasting technology to predict future demand, prescribe optimal stocking policies, and identify opportunities for operational improvement. Users can transfer forecast results, order quantities, and stocking policies to Epicor ERP in a few mouse-clicks.
Greg Hartunian, CEO of Smart Software stated “In today’s supply chain, traditional forecast modeling, rule of thumb inventory planning approaches, and Excel spreadsheets just don’t cut it anymore. It’s no longer enough to simply manage your inventory. Customers leveraging Smart IP&O are better able to effectively wield inventory assets, improve their operations, lower costs, improve customer service, and outperform the competition. We look forward to continuing to work closely with Epicor to help our joint customers achieve these key benefits.”
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 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.
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
Otis
Smart Software Senior VP/Research to present at Military Operations Research Society (MORS) Emerging Techniques Forum
Smart Software announced today that its co-founder and Senior VP of Research, Dr. Thomas Willemain, has been selected to present at the prestigious MORS Emerging Techniques Forum December 4 – 5, 2019 in Alexandria, VA.
MORS is the Military Operations Research Society, funded by the Navy, Army, Air Force, Marine Corps, Office of the Secretary of the Defense and the Department of Homeland Security. Its mission is to enhance the quality of analysis that informs national and homeland security decisions.
The Emerging Techniques Forum provides the defense analytic community with extensive content on emerging analytic topics and techniques. Willemain will be one of a small number of experts speaking in the Computational Advances in Analytics track. This track addresses new tools and techniques that leverage increased computing power and data availability.
Willemain’s topic will be “Validating Demand Scenario Generators for Inventory Optimization.” This research is part of Smart Software’s continuing work to push the state of the art in managing fleets of spare parts and hard to forecast items. These advancements will be incorporated into Smart IP&O, the company’s multi-tenant web based platform for forecasting, inventory planning and optimization. The research began with Dr. Willemain’s doctoral students at Rensselaer Polytechnic Institute, where he remains active as Professor Emeritus of Industrial and Systems 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 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
V-LINE marks anniversary with conference and Smart keynote.
During the “User Conference: Spare Parts Inventory Planning and Optimization,” topics like vested outsourcing and digital MRO supply chain orchestration were discussed with the participation of Jeff Scott, our vice president of business development at Smart Software.
Jeff discussed the practical process of optimizing spares inventory policies, particularly the challenge of addressing seemingly unforecastable intermittent demand. He reviewed common approaches, their failings, and the value of taking a different approach with probabilistic modeling and improved statistical methods. If you would like to learn more, a good place to start is Smart Software’s recent webinar on Intermittent Demand – click here to view the replay.
To the right Jeff Scott vice president of business development 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 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
Smart Software President and CEO to Present at Microsoft Dynamics NAV 2019
Smart Software to lead Microsoft Dynamics NAV Summit Session on Inventory Optimization and Intermittent Demand
Belmont, Mass., October, 2019 – Smart Software, Inc., provider of industry-leading demand forecasting, inventory planning, and inventory optimization solutions, today announced that CEO Greg Hartunian, will present at the Microsoft Dynamics NAV Summit from October 15-18 in Kissimmee, FL.
Greg Hartunian and Bruce Kennedy, Senior Consultant at ArcherPoint will present “Inventory Optimization and Intermittent Demand – Why Forecasting Isn’t Enough.” The session details how to plan optimal inventory levels for thousands of items when demand is intermittent. Seemingly random, sporadic demand is the worst case scenario for accurately forecasting demand and inventory requirements. Typical planning approaches such as reliance on sales forecasts and rules of thumb methods, why they often fail, and how probabilistic forecasting methods can make a big difference to the bottom line will be discussed. They will demonstrate practical examples, working through a service level-driven methodology to manage risk and find the optimal balance between inventory investment and availability, and then send corresponding replenishment drivers to Business Central 365/NAV to make it so.
The presentation is scheduled for Oct. 16, 1-2 PM. Smart Software will be also 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.
About Smart Software, Inc.
Founded in 1981, Smart Software, Inc. is Microsoft Dynamics Gold Partner and full-service provider for Dynamics NAV and Dynamics 365, a leader in providing 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 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
Smart Software to Present at NESCON 2019
Smart Software to lead NESCON keynote address on Planning for the “Un-Plannable”.
Belmont, Mass., July 8, 2019 – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that it will present at the NESCON 2019, New England Supply Chain Conference & Exhibition Keynote in Malborough, MA. The presentation is scheduled for Oct. 7, 12:15-1:30 PM.
Greg Hartunian, CEO of Smart Software, under the tittle “Planning for the Un-Plannable”, will present how to plan optimal inventory levels and purchase quantities for thousands of items, when demand is intermittent, constantly changing, or affected by unexpected events. Random, sporadic demand is the worst case scenario for planning and procurement, and leads to excess inventory levels, and costly stock outs. Greg will discuss traditional inventory planning and forecasting approaches, present practical examples of how they can fail, and share how probabilistic modeling methods can make a big difference to your bottom line. The Keynote is a good opportunity to learn how to reduce stock outs and inventory costs, by leveraging data driven decisions that identify the financial trade-offs associated with changes in demand, lead times, service level targets, and costs.
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 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
