Smart Software is a leading provider of demand planning, forecasting, inventory optimization, and analytics solutions for asset intensive industries that must manage large inventories of intermittently demanded spare parts. Our web platform, Smart IP&O, leverages probabilistic forecast modeling, machine learning, and collaborative demand planning to optimize inventory levels, improve capital budgeting & planning, and increase forecast accuracy. You’ll use Smart IP&O to create accurate forecasts and optimal stocking policies that drive automated ordering in Hexagon EAM.
Smart IP&O offers a Hexagon EAM integration that enables maintenance and parts planners to leverage built for purpose best of breed forecasting and inventory optimization applications. All imported data is stored in our common data model so you can analyze trends, stocking policies, and inventory metrics in one place.
With Smart IP&O for Hexagon EAM, you can automatically recalibrate policies every planning cycle using field-proven, cutting-edge statistical and probabilistic models. You can calculate usage forecasts and replenishment plans that account for seasonality, trend, and cyclical patterns. Safety stocks will account for demand and supply variability, business conditions, and organizational priorities. You can leverage service level driven planning so you have just enough stock to meet your risk tolerance or turn on optimization methods that prescribe the most profitable stocking policies and service levels that consider the real cost of carrying inventory. You can build consensus plans and blanket buys that blend maintenance schedules and capital projects with forecasts of unplanned parts usage. You’ll be able to upload policies to Hexagon EAM on demand within a few mouse clicks.
Smart IP&O customers routinely realize 7 figure annual returns from reduced expedites, increased sales, and less excess stock, all the while gaining a competitive edge by differentiating themselves on improved customer service. To see a recorded webinar that profiles Smart’s Demand Planning and Inventory Optimization platform, please register here: https://smartcorp.com/smartwebinar
Smart IP&O for Hexagon EAM Optimizes Inventory and Improves Forecast Accuracy
Every day Hexagon EAM recommends supplier orders, manufacturing jobs, and inventory transfers based on user defined demand forecasts and stocking parameters. When changing these parameters, do you know what the impact will be on customer service level and inventory investment? Do you know what your historical inventory and service level performance has been? What is it likely to be in the future? Smart IP&O answers these questions and more. It enables the management team to shape policies to meet business objectives while empowering the planning team to drive inventory reductions, service level improvements, and operational efficiency.
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How Smart IP&O Can Help
Improve Forecast Accuracy, Eliminate Excess Inventory, & Maximize Service Levels