Smart Software has been honored with the Epicor ISV Marketing Excellence Award
Belmont, MA, October 2023 – Smart Software is pleased to announce that it is the recipient of the Epicor ISV Marketing Excellence Award, recognizing Smart’s outstanding performance and contributions in driving successful marketing initiatives, campaigns, and innovation.
Pete Reynolds, Smart Software’s Vice President of Channel Sales, will receive the Marketing Excellence Award during the ISV Partner Briefing at Ignite. The event will take place in Dallas on Monday, October 23, 2023, from 10:45 am – 12:30 pm at the Gaylord Texan Convention Center.
Greg Hartunian, Smart Software’s CEO stated, “This recognition is a testament to the collaboration between the Smart and Epicor teams. Together, we’ve raised a great deal of awareness about the benefits of better inventory planning and forecasting. We look forward to helping more customers in the year to come and launching our partnership to new heights.”
Smart Software is an Epicor Platinum Partner, the highest designation in the ISV Partner Program.
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 such as Disney, Arizona Public Service, Ameren, and The American Red Cross. Smart’s Inventory Planning & Optimization Platform, Smart IP&O, provides 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 our website is 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
What is Inventory Planning? A Brief Dictionary of Inventory-Related Terms
Inventory Control concerns the management of physical goods, focusing on an accurate and up-to-the-minute count of every item in inventory and where it is located, as well as efficient retrieval of items. Relevant technologies include computer databases, barcoding, Radio Frequency Identification (RFID), and the use of robots for retrieval.
Inventory Management aims to execute the inventory policy defined by the company. Inventory Management is often accomplished using Enterprise Resource Planning (ERP) systems, which generate purchase orders, production orders, and reporting that details current inventory on hand, incoming, and up for order.
Inventory Planning sets operational policy details, such as item-specific reorder points and order quantities, and predicts future demand and supplier lead times. Important components of an inventory planning process include what-if scenarios for netting out on-hand inventory, analyzing how changes to demand, lead times, and stocking policies will impact ordering, as well as managing exceptions and contingencies.
Inventory Optimization utilizes an analytical process that computes values for inventory planning parameters (e.g., reorder points and order quantities) that optimize a numerical goal or “objective function” without violating a numerical constraint. For instance, an objective function might be to achieve the lowest possible inventory operating cost (defined as the sum of inventory holding costs, ordering costs, and shortage costs), and the constraint might be to achieve a fill rate of at least 90%. Using a mathematical model of the inventory system and probability forecasts of item demand, inventory optimization can quickly and automatically suggest how to best manage thousands of inventory items.
Smart Software Customer, Arizona Public Service to Present at USMA 2023
Belmont, MA, – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that its customer, Arizona Public Service (APS) will present at USMA 2023.
Joseph Neuheisel, Inventory & Logistics Manager at APS, will lead the session at USMA 2023. The presentation will focus on how APS implemented Smart Inventory Planning and Optimization (Smart IP&O) as part of the company’s strategic supply chain optimization initiative. Mr. Neuheisel will detail their prior process, implementation, challenges they faced, results, and lessons learned. Smart IP&O was implemented in just 90 days and now enables APS to optimize its reorder points and order quantities for over 250,000 spare parts helping to reduce inventory and maintain service levels.
The Utility Supply Management Alliance (USMA )
The USMA is a multi-national association of individuals serving the electric, gas, and water utilities. With deregulation and re-regulation of the Electric and Gas Utilities industries, the demands of the customer are also changing, making it necessary for the Electric and Gas Utilities to pay significant attention to cost and competition. The supply chain for material and equipment services has a significant impact on the cost of electricity and gas. Hence there are great opportunities to contribute to the bottom line through reduced cost as a result of improved reorganization and management of the supply chain process. The role of the USMA is to understand the sophisticated workings of the supply chain to provide its customers (utilities, suppliers, manufacturers, etc.) with skills and tools to realize profit opportunities in the supply chain. These skills and tools will be provided to the USMA customer through workshops at its annual conference.
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 such as Arizona Public Service, Ameren, and The American Red Cross. Smart’s Inventory Planning & Optimization Platform, Smart IP&O 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 our website is 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
Smart Software to Present at Epicor Insights 2023
Smart Software to present Epicor Insights 2023 sessions on how to extend Epicor forecasting and inventory planning with Smart IP&O
Belmont, MA, May 2023 – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that it will present at Epicor Insights 2023 in Las Vegas, NV.
Smart Software will lead two sessions focusing on specific approaches to demand forecasting and inventory planning that enable Epicor Kinetic and Epicor Prophet 21 users to increase profitability, improve service levels, and reduce inventory holding costs. A third customer led session will profile how the use of The Smart IP&O Inventory Planning and Optimization platform drove substantial reductions in stockouts for a leading automotive mobility manufacturer.
Epicor Insight’s attendees may participate in any of the following sessions and are welcome to visit us at the Smart Software booth for a one-on-one consultation.
- The Prophet 21 presentation is scheduled for Tuesday, May 16th, 1:20 pm (CST)
- The Kinetic presentation is scheduled for Tuesday, May 16th, 2:25 pm (CST)
- The Customer Led presentation is scheduled for Wednesday May 17th, 2:20 pm (CST)
To learn more about Epicor Insights, visit here: https://www.epicor.com/en-us/customers/insights
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 such as Disney, Arizona Public Service, and Ameren. Smart’s Inventory Planning & Optimization Platform, Smart IP&O 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 our website is 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
Smart Software and Optimum Consulting Announce Strategic Partnership
Belmont, Mass., May 2023 – Smart Software, Inventory optimization, demand planning, and forecasting software leader, and Optimum Consulting, today announced their partnership to address the supply chain planning needs of the Manufacturing, Wholesale, and Retail industries in Australia and New Zealand. Optimum Consulting will sell and deploy Smart’s next-generation cloud platform, Smart Inventory Planning & Optimization (Smart IP&O™), as an integral part of its Sales, Operations, and Inventory Planning (SIOP) practice.
Smart Software is a Microsoft Co-sell-ready partner and, over the years, has created a flawless connector to integrate tools with Microsoft Dynamics. The integration brings the cloud-based Smart IP&O (Inventory Planning and Optimization) into the latest version of Microsoft Dynamic solution. By seamlessly integrating strategic planning in Smart IP&O with operational execution in Dynamics, business users can continuously predict, respond, and plan more effectively in today’s uncertain business environment. Smart’s unique approach to planning intermittent demand is especially impactful for public utilities and transit agencies, given the prevalence of spare parts with highly sporadic, seemingly unforecastable usage.
Optimum Consulting is a Microsoft Dynamics 365 Solutions Partner who is totally committed to the Manufacturing, Wholesale, and Retail industries in Australia and New Zealand. The Team’s experts help clients build agile operating models, drive business process improvements, and turn customers into advocates by delivering end-to-end Microsoft Dynamics 365, Microsoft Power Apps, Business Intelligence & Analytics, and Managed Services Solutions.
“Smart Software helps our customers by delivering insightful business analytics for inventory modeling and forecasting that drive ordering and replenishment in the latest version of Microsoft Dynamics. With Smart IP&O, our customers gain a means to shape inventory strategy to align with the business objectives while empowering their planning teams to reduce inventory and improve service,” says Matthew Lingard, CEO at Optimum Consulting
“Maximizing the benefits our solutions can provide requires the expertise and perspective to consider requirements, set goals, and to develop the supporting business process that ensures adoption and benefits. These are the qualities that The New Partner brings to the table and we look forward to our joint success,”…. says Greg Hartunian, President, and CEO 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 Disney, Arizona Public Service, and Ameren. 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.
About the Partner, Inc.
Optimum Consulting is a Microsoft Dynamics 365 Solutions Partner who is totally committed to the Manufacturing, Wholesale, and Retail industries in Australia and New Zealand. The Team’s experts help clients build agile operating models, drive business process improvements, and turn customers into advocates by delivering end-to-end Microsoft Dynamics 365, Microsoft Power Apps, Business Intelligence & Analytics, and Managed Services Solutions. The Team’s functional expertise covers eCommerce, Retail, Pricing & Promotions, Customer Data Platform, Customer Journey Mapping, Customer Experience, Forecasting & Master Planning, Advanced Warehouse, and Production Planning. Optimum Consulting’s technical capabilities span across Commerce Design and Development, Commerce Server, Point of Sale (POS) Development, Finance and Supply Chain Management (SCM) Development, Artificial Intelligence (AI) and Machine Learning (ML), Data Warehouse and Data Lake, and related Microsoft Cloud solutions.
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
