Q&A with Smart Software: Forecasting solutions and the business benefits of inventory optimization

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 Otis Elevator, Mitsubishi, FedEx, MARS,  The Home Depot, Siemens and Disney, . 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.

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

Smart Software to lead P21WWUG CONNECT 2020 Educational Video Sessions on Inventory Policies.

Belmont, Mass., August, 2020 – Smart Software, Inc., provider of industry-leading demand forecasting, inventory planning, and inventory optimization solutions, today announced that Dr. Thomas Willemain, co–Founder and SVP Research, will present the Video Session “Top Inventory Policies Explained” at P21WWUG CONNECT 2020 from August 14 through September 11 , 2020.

In this video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares commonly used inventory control policies. After a short introduction about Smart Software, Dr. Willemain reviews demand driven policies such as Min/Max and Reorder Point. This is followed by a description of Forecast Driven policies.  A better understanding of these policies and their pros and cons will enable you to configure P21 to better support your planning requirements.  The session concludes with a short demo of Smart Inventory Optimization. The demo shows how you can generate optimal planning parameters that will achieve your targeted service levels at the lowest cost and return the optimized policies to P21 in just a few mouse-clicks.

The Video Session will be accessible from August 14 through September 11. Smart Software will be also exhibiting at the Virtual Conference showcasing Smart Inventory Planning & Optimization.

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 Otis Elevator, 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.

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

Pictured are Smart’s VP Business Development Jeff Scott and V-LINE’s founder and Chairman Detlef Daues.

V-LINE to offer Smart Inventory Planning & Operations Software as part of total MRO supply chain solution.

Belmont, Massachusetts.  February 17, 2020.  Smart Software, Inventory optimization, demand planning, and forecasting software leader, has entered into a strategic reseller relationship with global MRO procurement services company V-LINE GROUP.  V-LINE will offer Smart Inventory Planning & Optimization (IP&O) software as an extension of its MRO and spare parts procurement services solution, with particular focus on customers within the Gulf Cooperation Council.  V-LINE will present the combined offering at the Sabic Conference 2020 in Jubail, Kingdom of Saudi Arabia, February 17 – 20, 2020.

V-LINE’s customers operate large industrial plants and manufacturing facilities that rely upon highly effective Maintenance and Repair Operations (MRO) to ensure non-stop production.  V-LINE provides end to end MRO supply chain services, managing spare part logistics from order to delivery.  The addition of Smart IP&O extends the V-LINE solution beyond the physical supply chain, to facilitate data-driven decisions and policy design that address total MRO procurement cost and performance.

Detlef Daues, V-LINE GROUP Founder and Chairman explains, “With Smart IP&O, we can harness our clients’ data to model spare parts demand and establish stocking policies that optimize inventory performance – to reduce costs, improve service levels, and manage stockout risk.  This represents enormous value add for our customers – putting inventory policy decision support into the hands of local managers who can use it best.”

Smart IP&O is Smart Software’s integrated suite of web applications for collaborative demand planning, inventory optimization and supply chain analytics.  It operates as a transparent extension of the customer’s ERP system of choice, receiving daily transaction data and returning forecasts and inventory policy drivers (Min, Max, Safety) to drive replenishment and production planning.  Smart’s unique approach to intermittent demand is especially impactful when planning for items that experience highly sporadic, seemingly unforecastable demand most common with spares and service parts.

Greg Hartunian, CEO of Smart Software, notes that “V-LINE’s end to end MRO supply chain presents the ideal operational platform for Smart IP&O.  Our probabilistic modeling enables MRO and procurement managers to utilize the V-LINE supply chain to their greatest advantage, finding the optimal balance between inventory investment and stockout risk.  We are delighted to be working together.”

About V-LINE GROUP:  V-LINE GROUP, headquartered near Hannover in Germany, offers end-to-end supply chain solutions in 20 different countries primarily in the Middle East through its branch in Saudi Arabia, and also via its customer service centers in other GCC countries, Mexico and Brazil. V-LINE sourcing and procurement centers in the USA, China, Japan and Korea offer industrial plants in all its markets an integrated set of services tailored to lowering their total cost of ownership for their foreign maintenance, repair, and operations (MRO) spare parts while meeting the highest global standards of supply performance. V-LINE’s tailor-made portfolio of procurement services facilitates the spare parts flow from order until delivery by managing its complexity using modern IT and allowing for systems integration with suppliers, logistics providers and the receiving customer plants. V-LINE is constantly adapting to new market demands in the context of digital transformation, thus offering its customers new data-driven options. Find more on: www.v-line.com

About Smart Software:  Smart Software has been a leading provider of demand planning, forecasting, supply chain analytics and inventory optimization solutions since its founding in 1981.  Smart Inventory Planning & Optimization (Smart IP&O) is the company’s next generation suite of native web applications, helping inventory carrying organizations reduce inventory, improve service levels and streamline Sales, Inventory and Operations Planning.  The company is headquartered in Belmont, Massachusetts.

Learn more:  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

V-LINE marks anniversary with conference and Smart keynote.

During the “User Conference: Spare Parts Inventory Planning and Optimization,” topics like vested outsourcing and digital MRO supply chain orchestration were discussed with the participation of Jeff Scott, our vice president of business development at Smart Software.

Jeff discussed the practical process of optimizing spares inventory policies, particularly the challenge of addressing seemingly unforecastable intermittent demand.  He reviewed common approaches, their failings, and the value of taking a different approach with probabilistic modeling and improved statistical methods.  If you would like to learn more, a good place to start is Smart Software’s recent webinar on Intermittent Demand – click here to view the replay.

To the right Jeff Scott vice president of business development at Smart Software.

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 Otis Elevator, 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.

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