SmartForecasts® is a statistical forecasting solution that provides a statistically sound, objective foundation for your sales and operations planning process (S&OP). SmartForecasts automatically selects the most accurate forecasting method, allows users to fine-tune statistical and user-defined models, enables forecast and historical overrides, and automatically measures forecast error and bias. .
If you need to:
Create statistical forecasts for products or products x location.
Apply forecast overrides to reflect your business knowledge.
Automatically push product forecasts to your ERP to drive MRP and/or replenishment.
Measure forecast accuracy.
Deploy a proven solution quickly and for a low upfront and ongoing cost.
Then SmartForecasts is
the right app for you!
Smart Demand Planner™
Smart Demand Planner™ is a consensus demand planning solution. You can create accurate forecasts of any level of your product hierarchy. The collaborative workbench enables forecast overrides to be imported, applied, and approved by authorized users driving the consensus plan. Forecast accuracy is measured at every level, helping ensure that the best possible forecast is delivered to the business at both the aggregate and item mix levels.
If you need to:
Forecast at multiple levels of a product hierarchy.
Import external forecasts.
Forecast demand by customer.
Develop a consensus forecast combining feedback from multiple stakeholders.
Deploy a field proven demand planning solution that drives S&OP. .
Then Smart Demand Planner
is the right system for you!
Smart IP&O™ is an integrated set of native web applications that provides a single, easy to use, scalable, environment with field proven inventory and forecast modeling that optimizes inventory stocking policy and improves forecast accuracy. You’ll move planning from spreadsheet based functional silos to a collaborative platform enabling executives to shape policy while empowering inventory planners to make it so. .
If you need to:
All previous features (included).
Track the impact of your inventory planning policy and align it with corporate strategy.
Improve customer service and maximize service levels.
Identify overstock & understocks and reduce inventory costs.
Assess business impact of “what-if” inventory policies.
Then Smart IP&O
is the right platform for you!
|Key Features||SmartForecasts Cloud||Smart Demand Planner||Smart IP&O|
|API based ERP Integrations||✔||✔||✔|
|File based integrations||✔||✔||✔|
|Data Capacity & Management|
|Number of time series supported||50,000||Unlimited||Unlimited|
|Unit of measure conversions||✔||✔||✔|
|Forecast Methods and Automation|
|Broad range of statistical forecasting methods||✔||✔||✔|
|"Best pick” model selection||✔||✔||✔|
|Custom model specification||✔||✔||✔|
|Non-statistical methods (e.g., same as last year, average, same as last month, etc.)||✔||✔||✔|
|Forecast Management Features||SmartForecasts Cloud||Smart Demand Planner||Smart IP&O|
|Configurable forecast horizons & historical start dates||✔||✔||✔|
|Auto saving of overrides||✔||✔||✔|
|Auto archiving of statistical forecast||✔||✔||✔|
|Compare multiple archived forecasts||✔||✔||✔|
|Filtering & Sorting||✔||✔||✔|
|Overrides for Adding Judgment to Forecasts|
|Forecast overrides in table and graphically||✔||✔||✔|
|Historical overrides in table and graphically||✔||✔||✔|
|Override commenting with audit reports||✔||✔||✔|
|Forecast Reporting and Accuracy|
|Numeric reports and graphic displays||✔||✔||✔|
|Forecast vs. Actuals||✔||✔||✔|
|Forecast vs. Forecasts||✔||✔||✔|
|Manage & track multiple forecasts (sales, customer, statistical)||✔||✔|
|Multi-Level and Consensus Forecasting||SmartForecasts Cloud||Smart Demand Planner||Smart IP&O|
|Save multiple versions of the forecast||✔||✔||✔|
|Review colleagues’ forecasts & make changes||✔||✔||✔|
|Multi-Level Forecasting (by Family, Region, Group, etc.)||Product x Location only||Fully Customizable Hiearchies||Fully Customizable Hiearchies|
|Customer Level Forecasting||✔||✔|
|Pivotable Hiearchies (change roll ups on the fly)||✔||✔|
|Project Aggregation (Combines Projects into a master project)||✔||✔|
|Import External Forecasts from Excel||✔||✔|
|Advanced Data Management|
|Product Supersession (Link old Items to new)||Supersession managed in ERP||Customizable||Customizable|
|Combine low volume customers and other time-series into "all other" category||✔||✔|
|Combine demand from multiple locations to the preferred location||✔||✔|
|Import and display future sales orders||✔||✔|
|Custom UOM Conversions||✔||✔|
|Demand history composition||Standard Transaction Types||Customizable||Customizable|
|Inventory Management and Optimization||SmartForecasts Cloud||Smart Demand Planner||Smart IP&O|
|Safety Stock, Reorder Points, Order Quantity, and Min/Max Recommendations||✔|
|Optimization logic that prescribes most profitable stocking policies||✔|
|What If Scenarios that predict impact of changes to service levels, lead time, days of supply, and order quantities||✔|
|Service Level and Days of Supply Targeting||✔|
|Key Performance Predictions of shortage costs, ordering costs, holding costs, and inventory value||✔|
|Multi-Echelon Planning (Hub and Spoke Planning)||✔|
|Lead Time Analysis||✔|
|Projected Inventory On Hand & Sawtooth Reporting||✔|
|Supply Planning and Order Management||Requires Supply Planner Add On|
|Rotables optimization to simulate inflow/outflow of repairable parts and prescribe replenishment.||Requires Spare Parts Accelletaror for IP&O (optional )|
|Capital Project planning and Budgeting||Requires Spare Parts Accelletaror for IP&O (optional )|
|Current and Historical On Hand Inventory Levels and Turns||Requires Smart Operational Analytics Reporting Add On||✔|
|Historical Service Levels, Fill rates, out of stocks, and time-to-ship||Requires Smart Operational Analytics Reporting Add On||✔|
|Supplier and Product Lead times||Requires Smart Operational Analytics Reporting Add On||✔|
|Dashboards||Requires Smart Operational Analytics Reporting Add On||✔|
|Custom Reporting||Requires BI Studio Add On||Requires BI Studio Add On|
*Please contact us for a quotation
Smart IP&O Optimizes Inventory and Improves Forecast Accuracy
Every day your ERP 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.