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Smart Software to Present at Epicor Insights 2021

Smart Software President and CEO to present Epicor Insights 2021 Breakout Session on Creating Competitive Advantage with Smart Inventory Planning and Optimization

 

Belmont, MA, June, 2021 – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that it will present at Epicor Insights 2021.

Greg Hartunian, CEO of Smart Software, will present “Creating Competitive Advantage with Smart Inventory Planning and Optimization.” Greg will explain how to empower planning teams to reduce inventory, improve service levels, and increase operational efficiency. Most inventory planning teams rely upon traditional forecasting approaches, rule of thumb methods, and sales feedback on demand. Our Breakout Session at Epicor Insights discusses these approaches, why they often fail, and how new probabilistic forecasting and optimization methods can make a big difference to your bottom line.

  • The presentation is scheduled for Wed July 14th 10:25 -11:15 AM  (PST) 

1 Epicor Inventory Mangement Platinum Partner

Epicor Insights 2021 will bring together more than 2,000 users of Epicor’s industry-specific ERP solutions for the manufacturing, distribution, and service industries.  To learn more, visit INSIGHTS 2021.

 Join us at Mandalay Bay in Las Vegas, at the Solution Pavilion,  Booth #1.

3 Epicor Inventory Mangement Platinum Partner

 

2 Epicor Inventory Mangement Platinum Partner

 

Smart Software is an Epicor Platinum Partner and leading provider of demand planning, forecasting, inventory optimization, and analytics solutions. Our web platform, Smart IP&O, leverages probabilistic forecast modeling, machine learning, and collaborative demand planning to optimize inventory levels and increase forecast accuracy. You’ll use Smart IP&O to create accurate forecasts and optimal stocking policies that drive automated ordering in Epicor. The platform includes bi-directional integrations to both Epicor ERP and Prophet 21.

 

 

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 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.

 

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 has been named an Epicor platinum partner, the highest designation in the ISV Partner Program

Smart Software named an Epicor platinum partner, the highest designation in the ISV Partner Program

Belmont, Mass., January  2020 –  Smart Software is pleased to announce that it has been named an Epicor platinum partner as a leading provider of demand planning and inventory optimization solutions.  Epicor ERP customers leverage Smart’s web native platform for Inventory Planning and Optimization (Smart IP&O) to develop consensus forecasts, manage demand, and optimize stocking policies.

“Smart Software helps Epicor ERP customers by delivering business analytics for inventory modeling and forecasting. Having too much or not enough inventory are costly problems that typically require a great deal of manual planning and costs. Using Smart IP&O, our customers are able to automate manual planning processes, forecast demand more accurately, and shape inventory strategy to align with the business objectives.” notes Jennifer Schulze, VP Product Marketing, Epicor

Smart Software’s certified bi-directional integration to Epicor ERP makes all transactional data in Epicor such as shipments, sales orders, supplier receipts, inventory on hand, and more, available in Smart IP&O’s data model for analysis.  Smart IP&O leverages field-proven analytics, probabilistic modeling, and the latest advancements in  forecasting technology to predict future demand, prescribe optimal stocking policies, and identify opportunities for operational improvement.  Users can transfer forecast results, order quantities, and stocking policies to Epicor ERP in a few mouse-clicks.

Greg Hartunian, CEO of Smart Software stated “In today’s supply chain, traditional forecast modeling, rule of thumb inventory planning approaches, and Excel spreadsheets just don’t cut it anymore.  It’s no longer enough to simply manage your inventory.  Customers leveraging Smart IP&O are better able to effectively  wield inventory assets, improve their operations, lower costs, improve customer service, and outperform the competition. We look forward to continuing to work closely with Epicor to help our joint customers achieve these key benefits.”

Epicor-Alliance-ISV-Partner-Platinum-RGB-Logo-0518

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 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.

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

 

 

 

 

 

 

 

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Smart Inventory Planning & Optimization to be Showcased at Epicor Insights

Belmont, Mass., May 14  – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that Epicor Software will present Epicor Smart IP&O, a joint solution for inventory planning, forecasting, and optimization at Epicor’s annual customer conference in Nashville, TN from May 21 – 24 .  Smart Software will also be on hand to profile the solution in booth # 5 in the Solutions Pavilion.

Smart Software and Epicor’s collaboration  brings the cloud-based Smart IP&O (Inventory Planning and Optimization) into the latest version of the Epicor enterprise resource planning (ERP) solution. Smart Software’s Chief Technology Officer, Sree Menon states “it’s no longer enough to simply manage inventory. By seamlessly integrating strategic planning with operational execution, Smart IP&O enables Epicor ERP users to continuously predict, respond and plan inventory helping lower costs and improve service.”

The Epicor Sales Engineering team will demonstrate Epicor Smart IP&O in two sessions:

“Introducing Epicor Smart Demand Planning & Inventory Optimization”
Thursday, May 24 at 8:00 AM
Tennessee Ballrom B

“Moderniza las Operaciones de tu Cadena de Suministro con la Plataforma Epicor Smart Inventory Planning and Optimization”
Thursday, May 24  at 10:20 AM
Ryman Studio H/I

Epicor Insights 2018 will bring together more than 3,000 users of Epicor’s industry-specific ERP solutions for the manufacturing, distribution, and service industries. Customers who attend will have dedicated education tracks focused on their specific products and solutions, plus more opportunities to network across products and industries. To learn more, visit https://www.epicor.com/customers/insights/default.aspx

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 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.

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

Too Much or Too Little Inventory?

The Smart Forecaster

Pursuing best practices in demand planning,

forecasting and inventory optimization

Do you know which items have too much or too little inventory? What if you knew? How would you go about cutting overstocks while still ensuring a competitive service level? Would you be able to reduce stockouts without incurring a prohibitively expensive inventory increase? How would these changes impact service levels, costs and turns—for individual items, groups of items and overall?

Most companies know they have too much or too little inventory but lack a key ingredient for optimizing inventory: Service Level-Driven Demand Planning. To take action, you must know how much inventory is needed to satisfy the service level you require. More fundamentally, you need to know the specific service level that will result from your current inventory policies, the gap to be addressed and its financial implications.

Many organizations, especially those with intermittent demand, find this to be an exceptionally challenging trial and error process.

Moving to a service level-driven approach will overcome this challenge and ensure that rebalancing inventory improves service level performance at a lower cost. Start with the most accurate demand forecast possible, calibrate for forecast risk and then determine your optimal inventory position. In a recent webinar, I demonstrated Service Level-Driven Demand Planning and how SmartForecasts can be used to drive this process:

1. Measure the service levels that will be achieved at current inventory levels and with your current inventory policy.
2. Identify items that will achieve high service levels (98%+) but at prohibitively high cost.
3. Identify items that are at high risk of stockout (service levels < 75%).
4. Run multiple what-if scenarios based on a different prioritization of service levels by item or item groups. Choose the scenario that optimizes financial constraints with service objectives.
5. Quantify cash savings from reducing overstocks and the costs to increase inventory when service levels are unacceptably low.
6. Take action to establish new service level-driven reorder points, order quantities and inventory levels to meet your service targets and budget.

To view the webinar replay, please click here and complete the registration request.

Gregory Hartunian serves as President of Smart Software and as a member of the Board of Directors. A graduate of The F.W. Olin School for Business at Babson College, he formerly served as Vice President, Sales and Operations.

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