Why pick arbitrary Service Level Targets?

The Smart Forecaster

Pursuing best practices in demand planning,

forecasting and inventory optimization

Why pick arbitrary Service Level Targets? Learn how to select automatically the optimal Targets @scale minimizing total costs for your business.

There are unavoidable tradeoffs between inventory cost and item availability. The Smart Inventory Optimization (SIO) app calculates all the key metrics to expose those tradeoffs. You can try “what-if” experiments such as “What happens to shortage cost if we raise the reorder point from 5 to 10?”. Better yet, you can let SIO find the optimal operating policy, e.g., the lowest cost combination of reorder point and order quantity that guarantees a 95% service level.

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    Clean, accessible and actionable data under one roof

    The Smart Forecaster

    Pursuing best practices in demand planning,

    forecasting and inventory optimization

    Is your data isolated in Excel Silos? Do you have data in many disparate systems? Smart IP&O Solution brings clean, accessible and actionable data under one roof.

    Scattering all your data across multiple spreadsheets gets in your way. Pulling all the data together in the Smart Platform on the cloud lets you automatically refresh the data every day and always see the full picture. Then you can run analytics in the Smart Inventory Optimization app to see how you’re doing in terms of multiple cost and performance metrics and how those metrics would change if you changed key drivers, such as supplier lead times.

    Leave a Comment

    Related Posts

    Top Five Tips for New Demand Planners and Forecasters

    Top Five Tips for New Demand Planners and Forecasters

    Good forecasting can make a big difference to your company’s performance, whether you are forecasting to support sales, marketing, production, inventory, or finance. This blog is aimed primarily at those fortunate individuals who are about to start this adventure. Welcome to the field!

    Recent Posts

    • Top Five Tips for New Demand Planners and ForecastersTop Five Tips for New Demand Planners and Forecasters
      Good forecasting can make a big difference to your company’s performance, whether you are forecasting to support sales, marketing, production, inventory, or finance. This blog is aimed primarily at those fortunate individuals who are about to start this adventure. Welcome to the field! […]
    • Dynamics Community Summit eventSmart Software to Present at Community Summit North America
      Smart Software Channel Sales Director and Enterprise Solution Engineer, to present three sessions at this year’s Microsoft Dynamics Community Summit North America event in Orlando, FL. . […]