Webinar: 10 Questions That Reveal Your Company’s True Inventory Policy
Do you know how your organization sets its inventory planning policies and the degree to which you actually apply them? And that they’re doing the job? Demand planning, forecasting, and inventory planning need to be well-defined processes that are understood and accepted by everybody involved. There should be zero mystery.
Please join our webinar featuring Greg Hartunian, CEO of Smart Software, who will review the top 10 questions you should ask to reveal your company’s true planning policy. Doing so will demystify your planning process and help you identify major opportunities for financial savings and process improvement.
We are offering this webinar due to the popularity of our blog
“Reveal your Real Inventory Planning and Forecasting Process by asking these 10 questions.” Greg will explain the importance of each question and describe how to interpret the variety of answers you will likely receive. Armed with this information, you’ll be able to document your process more clearly and identify opportunities for financial savings and process improvement. We will allow time for questions and answers and look forward to a robust discussion.
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); FAX: 1-617-489-2748; E-mail: info@smartcorp.com
“Are you a Victim of your Forecast Models” by Smart Software Co-Founder Profiled in 53rd issue of Foresight
Belmont, Mass., March 28, 2019 – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that the Spring 2019 issue of Foresight Magazine features Dr. Thomas Willemain’s article “Are you a Victim of your Forecast Models.” Len Tashman, Editor of Foresight states: “Here Tom Willemain, a longtime contributor to the journal, ponders why modeling and optimization algorithms haven’t displaced “gut instinct” in supply-chain forecasting as much as one would expect, given their penetration in kindred fields such as finance. It’s not that we can always trust models —far from it—but, as Tom puts it, What makes gut instinct dangerous is that it is so amorphous. Everyone who works a long time in a job develops instincts, but longevity is not the same as wisdom. It is possible to learn all the wrong lessons. Tom then provides a capsule summary of the advantages of modeling, but with the caveat that model error is a constant risk that requires monitoring and careful checking of its assumptions.
To read the entire article and to learn more about Foresight please visit https://foresight.forecasters.org/
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
Otis
Smart Software Completes SOC 2 Type I Audit
Smart Software Completes SOC 2 Type 1 Security Audit
Belmont, Mass., April 3, 2019 – Smart Software, Inc. announced today that the company completed its Service Organization Control for Service Organizations (SOC) Audit, delivering the highest level of data security and reliability.
“All of Smart Software’s services depend on a foundation of safe, secure, and private storage and transfer of information” said Chief Technology Officer, Sreekumar Menon. “Trust and data security are table stakes now for any solution offering cloud based analytics, forecasting, demand modeling, and inventory planning. Since day 1 of our cloud journey, we’ve made considerable investments in order to ensure a secure and reliable environment for our customers. The completion of this audit validates these efforts.”
Companies completing the SOC 2 Type 1 audit have the option to be judged on one or more categories; Smart Software met or exceeded the industry-leading standard in all four categories listed below:
- Security – Verifying the system is protected against unauthorized access, use, or modification to meet the entity’s commitments and system requirements.
- Availability – Verifying the system is available for operation and use to meet the entity’s commitments and system requirements.
- Processing Integrity – Verifying the system processing is complete, valid, accurate, timely, and authorized to meet the entity’s commitments and system requirements.
- Confidentiality – Verifying that information designated as confidential is protected to meet the entity’s commitments and system requirements
SOC 2 examinations may only be performed by a licensed CPA firm. Kahn, Litwin, Renza & Co., Ltd (“KLR”), a leading provider of SOC services, performed the service audit of Smart Software. ”It is always exciting to work with leading edge technology providers,” said Daniel M. Andrea, Partner and SOC Services Practice Leader of KLR. “While any successful SOC 2 report is an achievement, the emphasis and alignment of Smart Software’s security posture with its industry leading demand planning and inventory optimization solution is exceptional.”
About Smart Software, Inc.
Smart Software, a leading innovator in demand planning, statistical forecasting, and inventory optimization software, offers Smart IP&O, an integrated suite of web-based demand planning, inventory optimization and supply chain analytics applications. Founded in 1981, Smart serves a wide range of manufacturing, distribution, and transportation organizations including The Home Depot, FedEx, SCIEX, DisneyLand Resorts, MARS, BC Transit, Metro-North Railroad and many, many more.
Learn more at: www.smartcorp.com.
Contact: Jeff Scott, jeffs@smartcorp.com, +1 617.489.2743 ext. 209
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 and Visual Data Group Announce Strategic Partnership
Smart Inventory Planning & Optimization™ provides software foundation for Visual Data Group’s supply chain planning practice.
Belmont, Mass., November 14, 2018 – Smart Software, Inc., the leading innovator in demand planning and inventory optimization software, and Visual Data Group, a well-established software implementation and business optimization consulting group, today announced their partnership to address the supply chain planning needs of mid-market manufacturers and distributors. Visual Data Group will sell and deploy Smart’s next generation web platform, Smart Inventory Planning & Optimization (Smart IP&O™) as an integral part of its Sales, Operations and Inventory Planning (SIOP) practice.
“There is tremendous pressure on small and midsized organizations to outcompete, outmaneuver, and ‘out lean’ their Fortune 1000 competitors,” says Jim Harder, Visual Data Group’s President and CEO. “Beating large, established vendors requires better business processes, the ability to do more for less, with a fraction of the resources. This is our mission – to help our clients drive efficient supply chain operations that outperform their competitors.
Visual Data Group will utilize Smart IP&O as its software framework to help their customers reduce inventory, improve service levels and streamline their SIOP program. Smart IP&O is an integrated suite of native web applications for demand planning, inventory optimization and supply chain analytics that enable a data-driven SIOP process. Core capabilities include scenario-driven planning to model inventory performance, Smart’s unique, patented approach to intermittent demand, ease of collaboration, and transparent integration with customer ERP systems of choice.
“Visual Data fills a crucial role for Smart Software,” says Greg Hartunian, President and CEO. “Our software enables customers to streamline their planning process, reduce inventory and improve service levels. But taking full advantage 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 Visual Data brings to the table.”
About Visual Data Group
Visual Data Group, headquartered in Cleveland, Ohio, has been helping customers across North America since 2009. Our organization has decades of experience working with companies with real world opportunities. Experience and maturity matter. We are expert in using data to drive business. Our successful projects include inventory optimization, sales analysis, customer and product profitability, and all aspects of supply chain management.
Learn more at: www.visualdatagroup.com
Contact: Cindy Harder, charder@visualdatagroup.com, +1 440.892.3328
About Smart Software, Inc.
Smart Software, a leading innovator in demand planning and inventory optimization software, offers Smart IP&O, an integrated suite of web-based demand planning, inventory optimization and supply chain analytics applications. Founded in 1981, Smart serves a wide range of manufacturing, distribution, and transportation organizations including The Home Depot, FedEx, SCIEX, DisneyLand Resorts, MARS, BC Transit, Metro-North Railroad and many, many more.
Learn more at: www.smartcorp.com.
Contact: Jeff Scott, jeffs@smartcorp.com, +1 617.489.2743 ext. 209
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 and ArcherPoint Team Up to Launch Smart IP&O for NAV
Collaboration Provides Smart Inventory Planning, Forecasting, & Optimization for Microsoft NAV
Boston MA., June 5, 2018 – Smart Software, Inc. is excited to announce the successful integration of its cloud-based Inventory Planning and Optimization software with Microsoft Dynamics NAV to create Smart IP&O for NAV. Smart Software partnered with ArcherPoint Inc., a Microsoft Dynamics ERP Gold Partner and full-service provider for Dynamics NAV and Dynamics 365 to build the connector.
Smart Software is a global provider of next generation 100% web-based demand planning, forecasting, and inventory optimization solutions. ArcherPoint created the connector to integrate Smart Software’s tools with Microsoft Dynamics NAV. The new integration brings the cloud-based Smart IP&O (Inventory Planning and Optimization) into the latest version of Microsoft’s ERP solution. By seamlessly integrating strategic planning in Smart IP&O with operational execution in Dynamics NAV, business users can continuously predict, respond, and plan more effectively in today’s uncertain business environment.
Jim Benson, sales executive from ArcherPoint says, “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 NAV. 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. In today’s supply chain, it is no longer enough to simply manage inventory. It must be optimized.”
The Smart/NAV integration makes all transactional data in NAV, such as shipments, sales orders, receipts, inventory on hand, and more, available in Smart IP&O’s data model. Smart IP&O brings this data to life leveraging field-proven analytics and forecasting methods. This enables executives and their planning team to identify operational inefficiencies, accurately forecast demand, model the financial and customer impact of current and proposed inventory policies, and return optimal planning parameters and forecasts to drive replenishment.
Greg Hartunian, CEO of Smart Software stated, “Businesses that leverage inventory optimization and forecasting technology are able to better understand their operations, lower costs, improve customer service, and outperform the competition. We look forward to working closely with ArcherPoint to help our joint customers achieve these key benefits.”
To learn more about the Smart IP&O for NAV and how it can help your business, please join us for a free webinar, Wednesday, June 27 at 2pm ET. We will provide a demo on the software, uses, and benefits of the product. To register for the webinar please visit: https://www.archerpoint.com/events/lunch-and-learn-archerpoint-smart-inventory-planning-and-optimization
About Smart Software
Smart Software, a leading innovator in demand planning and inventory optimization software, offers Smart IP&O, an integrated suite of web-based demand planning, inventory optimization and supply chain analytics applications. Smart Software has collaborated with ArcherPoint to develop an automated integration with Microsoft Dynamics NAV, enabling the transparent flow of data and results to drive Sales, Inventory and Operations Planning. Founded in 1981, Smart serves a wide range of manufacturing, distribution, and transportation organizations including The Home Depot, FedEx, SCIEX, DisneyLand Resorts, MARS, BC Transit, Metro-North Railroad and many more. Learn more at www.smartcorp.com.
About ArcherPoint
ArcherPoint has built a business around adaptive innovation. Regardless of industry, companies look to ArcherPoint as a business solution provider and partner they can depend on to deliver results. Our history with Microsoft Dynamics NAV dates back to the product’s beginnings. Today, our team includes experts all over the world, not only in Dynamics NAV solution design, development, 24/7 support, and upgrades, but also in accounting, manufacturing, retail, distribution, and other key areas of business. With a commitment to quality service, ArcherPoint is dedicated to helping companies realize true business value by giving them access to world-class ERP solutions that will grow with them to meet their needs now and in their future.
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
“Choosing and Achieving a Target Service Level” by Smart Software Co-Founder Profiled in Spring 2018 Issue of Foresight
Belmont, Mass., May 17, 2018 – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that the Spring 2018 issue of Foresight Magazine features Dr. Thomas Willemain’s article “Choosing and Achieving a Target Service Level.” Len Tashman, Editor of Foresight states: “Tom Willemain describes the primary considerations for setting service-level targets, explaining how software can serve as a valuable aid in this endeavor and offering a case study to illustrate a relatively simple approach – what he calls “service level wins and losses” – by which a company can evaluate how well it is achieving its service level goals. The case study also reveals how important it is to utilize appropriate probability models rather than rely on traditional defaults such as the Normal distribution of demands.”
To read the entire article and to learn more about Foresight please visit https://foresight.forecasters.org/
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
