Smart Software and Arizona Public Service to Present at WERC 2022

Smart Software CEO and APS Inventory & Logistics Manager to present WERC 2022 Studio Session on implementing Smart IP&O in 90 Days and achieving significant savings by optimizing reorder points and order quantities for over 250,000 spare parts.

Belmont, MA, March 2022 – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that it will present at WERC 2022.

Justin Danielson, Inventory & Logistics Manager at Arizona Public Service (APS), and Greg Hartunian, CEO at Smart Software, will lead a 30-minute studio session at WERC 2022. 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. Smart IP&O was implemented in just 90 days, enabling APS to optimize its reorder points and order quantities for over 250,000 spare parts. During the first phase of the implementation, the platform helped APS reduce inventory and achieve significant savings while maintaining service levels. Finally, the session will conclude by showing Smart IP&O in a Live Demo.

 

Warehousing Education and Research Council (WERC)

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.

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.

 

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,

 


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 VP of Research to Present at Business Analytics Conference, INFORMS 2022

Dr. Tom Willemain to lead INFORMS sessionDominating The Inventory Battlefield: Fighting Randomness With Randomness.”

Belmont, Mass., March 2022 – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that Tom Willemain, Vice President for Research, will present at the INFORMS Business Analytics Conference, April 3-5, 2022, in Houston, TX.

Dr. Willemain will present a session on how next-generation analytics arms supply chain leaders in manufacturing, distribution, and MRO with tools to fight against randomness in demand and supply. During his session he will detail the following technologies:

(1) Regime change filtering to maintain data relevance against sudden shifts in the operating environment.

(2) Bootstrapping methods to generate large numbers of realistic demand and lead time scenarios to fuel models.

(3) Discrete event simulations to process the input scenarios and expose the links between management actions and key performance indicators.

(4) Stochastic optimization based on simulation experiments to tune each item for best results.

Without the analytics, inventory owners have two choices: sticking with rigid operating policies usually based on outdated and invalid rules of thumb or resorting to subjective, gut-feel guesswork that may not help and does not scale.

As the leading Business Analytics Conference, INFORMS provides the opportunity to interact with the world’s top forecasting researchers and practitioners. The attendance is large enough so that the best in the field are attracted, yet small enough that you can meet and discuss one-on-one. In addition, the conference features content from leading analytics professionals who share and showcase top analytics applications that save lives, save money, and solve problems.

 

About Dr. Thomas Willemain

Dr. Thomas Reed Willemain served as an Expert Statistical Consultant to the National Security Agency (NSA) at Ft. Meade, MD, and as a member of the Adjunct Research Staff at an affiliated think-tank, the Institute for Defense Analyses Center for Computing Sciences (IDA/CCS). He is Professor Emeritus of Industrial and Systems Engineering at Rensselaer Polytechnic Institute, having previously held faculty positions at Harvard’s Kennedy School of Government and Massachusetts Institute of Technology. He is also co-founder and Senior Vice President/Research at Smart Software, Inc. He is a member of the Association of Former Intelligence Officers, the Military Operations Research Society, the American Statistical Association, and several other professional organizations. Willemain received the BSE degree (summa cum laude, Phi Beta Kappa) from Princeton University and the MS and Ph.D. degrees from Massachusetts Institute of Technology. His other books include: Statistical Methods for Planners, Emergency Medical Systems Analysis (with R. C. Larson), and 80 articles in peer-reviewed journals on statistics, operations research, health care, and other topics. For more information, email: TomW@SmartCorp.com or visit www.TomWillemain.com.

 

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, Otis Elevator, Hitachi, Siemens, Metro Transit, APS, and The American Red Cross.  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 have registered trademarks of Smart Software, Inc.  All other trademarks are their respective owners’ property.

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 Preview New Gen2 Forecasting Models at Microsoft Community Summit 2021

Belmont, MA, September 2021 – 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’s soon to be released Gen2 forecasting algorithms.

One 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.  Smart’s 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’s field-proven Gen1 modeling that has been so impactful for so many companies.

Most 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.

 

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.

Community Summit 2021 Smart Software Inventory planning


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 Celebrates 40 years

40 years of Innovation for Demand Forecasting, Inventory Planning, and Supply Chain Analytics

 

Belmont, MA, June 1, 2021 – Today marks the 40th anniversary for Smart Software, a leading innovator of demand planning, statistical forecasting, inventory management, and supply chain analytics software.

Company CEO, Greg Hartunian remarked “Our success is built on continuous innovation. Our mission follows the path that our founders initiated 40 years ago; we provide cutting-edge analytical solutions that help our customers maximize sales and minimize waste.  We are enormously grateful to our customers who have given us their support, confidence, and trust.  Thank you to our partner community of resellers and consultants who have mobilized our growth and shared their expertise with us.  We are also indebted to our many employees, past and present, local and abroad, whose creativity and dedication have produced systems that are benefitting so many great companies worldwide.”

Smart, Hartunian, and Willemain was incorporated in June 1981 by Charles Smart, Nelson Hartunian, and Thomas Willemain, our visionary founders. The firm later incorporated as Smart Software, Inc in 1984 reflecting their shift from boutique consultancy to software.  Over the years, their pioneering work produced the first-ever automatic statistical forecasting system for the personal computer, a patented APICS award-winning method for intermittent demand planning, and most recently a cloud-native probabilistic forecasting platform. All have produced major inventory cost reductions and service level improvements for our customers.  To learn more about Smart Software’s roots and journey, please click here:

 

  Smart Software Company History 

 

Smart Software Logo 40 years

 

“Smart gives us good information to work with.  The service level planning method has led to productive conversations between sales and supply chain and given us a common ground from which we base our discussions. People are feeling comfortable with numbers, and through our S&OP process we’ve been able to create buy-in across the company.”
Rod Cardenas  – Purchasing Manager, Forum Energy

 

“It was deployed as part of our implementation of a new centralized distribution model and highlighted significant blind spots in the original project plan. The accurate forecasts of stocking levels and SKU count provided fact-based data that allowed us to strategically phase the consolidation effort where warehouse space was at a premium.”
Eric Nelson – CPA, CMA. Manager, Parts Supply and Logistics. BC Transit

 

“Its easy for us to give suppliers information they never had before. Our suppliers can plan their production and work with their suppliers. That visibility has been invaluable. That’s where the real payoff will come. Not just reducing inventory or saving time on people managing the inventory but being more responsive to customers’ needs. To me, that’s the overarching benefit of this software.”
Bud Schultz – Vice President of Finance  NKK Switches

 

 

 

 


 

SmartForecasts and Smart IP&O have registered trademarks of Smart Software, Inc.  All other trademarks are their respective owners’ property.

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

 

 

Electric Power Utility Selects Smart Software for Inventory Optimization

Smart IP&O goes live in 90 days and reduces inventory by $9 million in the first six months

Belmont, MA., 2021Smart Software, Inc. provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced its selection, purchase, and implementation of its flagship product, Smart IP&O, by a major US electric utility.  The platform is now utilized to plan over 250,000 spare parts valued at over $500,000,000 across the Utility’s multi-echelon distribution network.  Smart IP&O was implemented in just 90 days and has been credited for reducing inventory by $9 million while maintaining service levels within its first six months of operation.

The implementation of Smart IP&O is part of the Utility’s Strategic Supply Chain Optimization (SCO) initiative to replace twenty-year-old legacy software. Subsequent phases of the Smart Software implementation will integrate Smart IP&O to their IBM Maximo Asset Management system.

Key to the selection and success of the project to-date is Smart Software’s proven track record planning intermittent demand that is prevalent on spare and service parts.  Intermittent or lumpy demand is characterized by frequent periods of zero demand interspersed with large spikes of non-zero demand that seemingly occur at random.  The Utility estimates that over 80% of its parts have intermittent demand.  Smart Software leverages probabilistic forecasting that creates thousands of possible future outcomes of demand and lead times. The technology’s proven ability to accurately forecast the required inventory to achieve the high levels of service the Utility requires and to do so at scale were critical differentiators.

Implementation was accomplished within 90 days of project start.  Over the ensuing six months, Smart IP&O enabled the adjustment of stocking parameters for several thousand items, resulting in inventory reductions of $9.0 million while sustaining target service levels.  Significant additional savings – and improvement in service levels for critical spares – are anticipated in the coming year as stocks for additional facilities are brought into the system.

“We have had many very strong successes helping customers in asset-intensive industries optimize their parts inventory,” said Greg Hartunian, CEO of Smart Software.  “Combined with the Utility’s support from the top-down, hands-on involvement from IT, and user enthusiasm to embrace a new approach, we had a great recipe for success.  We look forward to building on our early success to deliver even more value together.”

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 Inventory Planning & Optimization is a multi-tenant web platform that 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.  The solution 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 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); E-mail: info@smartcorp.com