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Inventory Planning Processes: Challenges and Opportunities

Smart Software is pleased to introduce our new series of educational webinars, offered exclusively for Epicor Users. In this webinar, Greg Hartunian, CEO at Smart Software, will lead a 45-minute webinar focusing on specific approaches to demand forecasting and inventory planning that will enable you to increase revenue capture, improve service levels, and reduce inventory holding costs.  Minimizing excess stock, equipment downtime, and lost sales requires the right planning foundation. Most inventory planning teams rely upon traditional forecasting approaches, rule of thumb methods, and sales feedback. Many companies struggle to keep up, putting businesses at risk when the insulation of a growing top line thins. Our Webinar at EUG discusses these approaches, why they often fail, and how new probabilistic forecasting and optimization methods can make a big difference to your bottom line.

 

Please join our webinar at Epicor Users Group, featuring Greg Hartunian, CEO of Smart Software, who will identify the main problems of inventory planning processes and show in a live Demo how to solve them.

 

On demand webinar

 

Smart Inventory Planning and Optimization 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. Please register to attend the webinar. If you are interested but not can not attend, please register anyway – we will record our session and will send you a link to the replay.

We hope you will be able to join us!

 

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

 

Spare Parts Planning Webinar for Public Transit Agencies

Spare Parts Planning in the Age of Covid: Problems and Solutions for Public Transit Agencies

Covid has wreaked havoc on public transit. Plummeting ridership, reduced capacity, unprecedented losses in fare and tax revenue, along with added costs to keep buses and trains safe have resulted in massive transit system budget shortfalls. APTA reports that even with two rounds of emergency funding, public transit agencies will face a projected shortfall of $39.3 Billion through 2023.

This webinar will address the need for transit agencies to reconsider traditional practices, find innovative ways to capture cost savings, and do so without jeopardizing service levels. Greg Hartunian, CEO of Smart Software, will discuss the particular challenge of spare parts planning, why traditional practices used today fail, and how inventory forecasting technology is being harnessed to optimize performance and drive significant financial return.

Greg will highlight the experience of Smart Software’s transit customers, how they’ve generated bottom-line savings, what they are doing to prepare for the rebound, and share a technology demonstration using transit industry data. Please feel free to review the content below. We have provided case studies profiling the use of our technology within public transit and a software review from APICS Magazine.

Transit Specific Content

 

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, 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

 

 

 

February 2021: Learn about the Top 3 Inventory Control Policies

Smart Software is pleased to introduce our new series of educational webinars, offered exclusively for Epicor Users. In this webinar Dr Thomas R. Willemain, Ph.D., SVP Research and Professor Emeritus at Rensselaer Polytechnic Institute, defines and compares the three most used inventory control policies. These policies are divided into two groups, periodic review and continuous review. With a better understanding of these policies, you will able to wield your inventory assets more effectively. Tom will explain each policy, how they are used in practice and the pros and cons of each approach.

ON-DEMAND VIDEO REGISTRATION FORM

 

Please register to attend the webinar. If you are interested but not cannot attend, please register anyway – we will record our session and will send you a link to the replay.

Dr. Thomas Reed Willemain 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 co-founder and Senior Vice President/Research at Smart Software, Inc. He also 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). Willemain received the BSE degree (summa cum laude, Phi Beta Kappa) from Princeton University and the MS and PhD degrees from Massachusetts Institute of Technology.

 

We hope you will be able to join us!

 

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

 

What is the difference between Demand planning and Inventory optimization ?

The Smart Forecaster

Pursuing best practices in demand planning,

forecasting and inventory optimization

What is the difference between Demand planning and Inventory optimization ? 

The Smart Demand Planning app (SDP) provides demand forecasts. The SDP forecasting engine is also the core of the Smart Inventory Optimization app (SIO), which stress-tests various inventory policies using a number of demand scenarios to find optimal inventory policy settings.

 

 

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      Webinar: Maximize Revenue and Minimize Inventory Costs
      Epicor Smart Inventory Optimization includes the ability to create “optimized” inventory policies. The Optimize function models inventory performance at scale, prescribing the service level targets and corresponding min/max/safety settings for all items. You’ll reduce the likelihood of stock out and capture more sales while reducing excess inventory. Our Webinar explains how optimization works and how it compares to traditional approaches that pick an arbitrary service level target. We will show a live demo so you can see it in action.
      Please join our webinar featuring Greg Hartunian, CEO of Smart Software, who will explain  how optimization works and how it compares to traditional approaches that pick an arbitrary service level target.  He will show a live demo so you can see it in action.
       
      ON-DEMAND VIDEO REGISTRATION FORM

       
      Please register to attend the webinar. If you are interested but not cannot attend, please register anyway – we will record our session and will send you a link to the replay.
       
      We hope you will be able to join us!
      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