The presentation will focus on how a leading Electric Utility implemented Smart Inventory Planning and Optimization (Smart IP&O) as part of the company\u2019s strategic supply chain optimization (SCO) initiative. Smart IP&O was implemented in just 90 days, enabling the utility to optimize its reorder points and order quantities for over 250,000 spare parts. During the first phase of the implementation, the platform helped the electric utility reduce inventory by $9,000,000 while maintaining service levels.<\/p>\n
Finally, the webinar will conclude by showing Smart IP&O in a Live Demo.<\/p>\n
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Warehousing Education and Research Council (WERC)<\/strong><\/p>\n WERC is a professional organization focused on logistics management and its role in the supply chain. Since being founded in 1977, WERC has maintained a strategic vision to continuously offer resources that help distribution practitioners and suppliers stay on top in our dynamic, variable field. In an increasingly complex world, distribution logistics professionals make sense of things so that people get their products and services, companies deliver on their commitments, economies grow, and communities thrive.<\/p>\n WERC powers distribution logistics professionals to do their jobs, excel in their careers and make a difference in the world. WERC helps its members and companies succeed by creating unparalleled learning experiences, offering quality networking opportunities, and accessing research-driven industry information.<\/p>\n <\/p>\n About Smart Software, Inc.<\/strong> <\/p>\n For more information, please contact Smart Software, Inc., Four Hill Road, Belmont, MA 02478. <\/p>\n <\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Smart Software, zal een webinar van 30 minuten leiden als onderdeel van het WERC Solutions Partner Program. De presentatie zal zich richten op hoe een toonaangevend elektriciteitsbedrijf Smart Inventory Planning and Optimization (Smart IP&O) implementeerde als onderdeel van het strategische supply chain-optimalisatie-initiatief (SCO) van het bedrijf. <\/p>","protected":false},"author":157,"featured_media":7858,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"Belmont, MA, September 2021 \u2013 Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that will participate at the Microsoft Community Summit North America 2021 and preview it\u2019s soon to be released Gen2 forecasting algorithms.<\/span><\/strong>\r\n\r\nOne of the most significant challenges executives now face is the increasing pace of business. In the past, forecasting processes typically ran at quarterly or monthly tempo.\u00a0 Smart\u2019s Gen2 methods harness daily transactions from Microsoft 365 ERP systems and represents a giant leap forward compared to traditional inventory planning and forecasting methods. Gen2 applies patent-pending probabilistic forecasting and machine learning methods expanding on Smart\u2019s field-proven Gen1 modeling that has been so impactful for so many companies.\r\n\r\nMost inventory planning teams rely upon traditional forecasting approaches, rule of thumb methods, and sales feedback to determine stocking policies and demand forecasts. Come by booth #1820 to learn about these approaches, why they often fail, and how the new Gen2 probabilistic forecasting and optimization methods 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.\r\n\r\n\u00a0\r\n\r\nAbout Smart Software, Inc. <\/b>\r\nFounded in 1981, Smart Software, Inc. is a leader in providing businesses with enterprise-wide demand forecasting, planning and inventory optimization solutions.\u00a0 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 Otis Elevator, Mitsubishi, Siemens, Disney, FedEx, MARS, and The Home Depot.\u00a0 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.\u00a0 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.\u00a0 Smart Software is headquartered in Belmont, Massachusetts and can be found on the World Wide Web at www.smartcorp.com<\/a>.\r\n\r\n
Founded in 1981, Smart Software, Inc. is a leader in providing businesses with enterprise-wide demand forecasting, planning and inventory optimization solutions.\u00a0 Smart Software\u2019s 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.\u00a0 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.\u00a0 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.\u00a0 Smart Software is headquartered in Belmont,<\/p>\n
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Phone: 1-800-SMART-99<\/strong> (800-762-7899); FAX: 1-617-489-2748; E-mail: info@smartcorp.com<\/p>\n![\"Community](\"https:\/\/smartcorp.com\/wp-content\/uploads\/2021\/09\/Community-Summit-2021-Smart-Software-Inventory-planning-1024x535.jpg\")
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\r\n\r\nFor more information, please contact Smart Software, Inc., Four Hill Road, Belmont, MA 02478.\r\nPhone: 1-800-SMART-99<\/strong> (800-762-7899); FAX: 1-617-489-2748; E-mail: info@smartcorp.com\r\n\r\n\u00a0\r\n\r\n\u00a0","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[1],"tags":[27,31,62,197,261,262,89,383,211,442,33,78,226,35,414,58,329,441],"class_list":["post-7190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-demand","tag-forecasting-2","tag-inventory","tag-inventory-planning","tag-management","tag-operations","tag-optimization","tag-planning","tag-probabilistic-modeling","tag-reorder-point","tag-safety-stock","tag-service-level","tag-software","tag-stocking","tag-summit","tag-supply-chain","tag-warehousing","tag-werc"],"yoast_head":"\n