The Smart Forecaster

Pursuing best practices in demand planning,

forecasting and inventory optimization

Top 3 Most Common Inventory Control Policies

Top 3 Most Common Inventory Control Policies

To make the right decision, you’ll need to know how demand forecasting supports inventory management, choice of which policy to use, and calculation of the inputs that drive these policies.The process of ordering replenishment stock is sufficiently expensive and cumbersome that you also want to minimize the number of purchase orders you must generate.

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Ten Tips that Avoid Data Problems in Software Implementation

Ten Tips that Avoid Data Problems in Software Implementation

Once a customer is ready to implement software for demand planning and/or inventory optimization, they need to connect the analytics software to their corporate data stream.This provides information on item demand and supplier lead times, among other things. We extract the rest of the data from the ERP system itself, which provides metadata such as each item’s location, unit cost, and product group.

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Recent Posts

  • AUTOMATIC FORECASTING Probabilistic Analytics Demand PlanningAutomatic Forecasting for Time Series Demand Projections
    In this video tutorial Dr. Thomas Willemain, co–Founder and SVP Research at Smart Software, presents Automatic Forecasting for Time Series Demand Projections, a specialized algorithmic tournament to determine an appropriate time series model and estimate the parameters to compute the best forecasts methods. […]
  • NESCON keynote address on Inventory Planning ProcessesSmart Software to Present at NESCON 2020
    Greg Hartunian, CEO of Smart Software, under the tittle "Traditional inventory Planning Processes: Problems and Solutions", will present how to empower planning teams to reduce inventory, improve service levels, and increase operational efficiency. […]