Smart Software to lead Microsoft Dynamics NAV Summit Session on Inventory Optimization and Intermittent Demand

Belmont, Mass., October, 2019 – Smart Software, Inc., provider of industry-leading demand forecasting, inventory planning, and inventory optimization solutions, today announced that CEO Greg Hartunian, will present at the Microsoft Dynamics NAV Summit from October 15-18 in Kissimmee, FL.

Greg Hartunian and Bruce Kennedy, Senior Consultant at ArcherPoint will present “Inventory Optimization and Intermittent Demand – Why Forecasting Isn’t Enough.”  The session details how to plan optimal inventory levels for thousands of items when demand is intermittent. Seemingly random, sporadic demand is the worst case scenario for accurately forecasting demand and inventory requirements. Typical planning approaches such as reliance on sales forecasts and rules of thumb methods, why they often fail, and how probabilistic forecasting methods can make a big difference to the bottom line will be discussed. They will demonstrate practical examples, working through a service level-driven methodology to manage risk and find the optimal balance between inventory investment and availability, and then send corresponding replenishment drivers to Business Central 365/NAV to make it so.

The presentation is scheduled for Oct. 16, 1-2 PM. Smart Software will be also exhibiting at the conference showcasing Smart Inventory Planning & Optimization and bi-directional integrations to Microsoft Dynamics NAV,  Microsoft Dynamics 365 Business Central, and Microsoft Dynamics AX.

About Smart Software, Inc.

Founded in 1981, Smart Software, Inc. is Microsoft Dynamics Gold Partner and full-service provider for Dynamics NAV and Dynamics 365, a leader in providing 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.

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); FAX: 1-617-489-2748; E-mail: info@smartcorp.com

Smart Software to lead NESCON keynote address on Planning for the “Un-Plannable”.

Belmont, Mass., July 8, 2019 – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that it will present at the NESCON 2019, New England Supply Chain Conference & Exhibition Keynote in Malborough, MA. The presentation is scheduled for Oct. 7, 12:15-1:30 PM.

Greg Hartunian, CEO of Smart Software, under the tittle “Planning for the Un-Plannable”, will present how to plan optimal inventory levels and purchase quantities for thousands of items, when demand is intermittent, constantly changing, or affected by unexpected events. Random, sporadic demand is the worst case scenario for planning and procurement, and leads to excess inventory levels, and costly stock outs. Greg will discuss traditional inventory planning and forecasting approaches, present practical examples of how they can fail, and share how probabilistic modeling methods can make a big difference to your bottom line. The Keynote is a good opportunity  to learn how to reduce stock outs and inventory costs, by leveraging data driven decisions that identify the financial trade-offs associated with changes in demand, lead times, service level targets, and costs.

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.

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); FAX: 1-617-489-2748; E-mail: info@smartcorp.com

Belmont, Mass., May 17, 2018 – Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that the Spring 2018 issue of Foresight Magazine features Dr. Thomas Willemain’s article “Choosing and Achieving a Target Service Level.”  Len Tashman, Editor of Foresight states: “Tom Willemain describes the primary considerations for setting service-level targets, explaining how software can serve as a valuable aid in this endeavor and offering a case study to illustrate a relatively simple approach – what he calls “service level wins and losses” – by which a company can evaluate how well it is achieving its service level goals.  The case study also reveals how important it is to utilize appropriate probability models rather than rely on traditional defaults such as the Normal distribution of demands.”

To read the entire article and to learn more about Foresight please visit https://foresight.forecasters.org/

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

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

Supply & Demand Chain Executive and Inbound Logistics Again Select Smart Software for Top 100 Lists and Executive Recognition

Belmont, Mass., July 16, 2013 – Smart Software, Inc., provider of industry-leading demand forecasting, planning and inventory optimization solutions, today announced that three supply chain industry publications have again recognized the company and its president as supply chain leaders. Smart was selected by Supply & Demand Chain Executive and Inbound Logistics for the eighth and ninth years, respectively, to be on their “Top 100” lists. In addition, Supply & Demand Chain Executive also chose Smart’s president and CEO, Nelson Hartunian, as a “Provider Pro to Know.”  The competitive awards recognize Smart Software as a leader in the supply chain planning software niche, and highlight the company’s strengths in technical innovation and the ability to meet customers’ needs for forecasting and demand planning solutions.

Supply & Demand Chain Executive 100
Supply & Demand Chain Executive magazine chose Smart Software, from more than 300 entries, for its annual “Supply & Demand Chain Executive 100” announced on May 13, and published in its June 2013 issue. The 2013 Supply & Demand Chain Executive 100 are supply chain solution and service providers that are helping their customers and clients achieve supply chain excellence. They have produced measurable gains in ROI through cost-cutting and increased efficiency in forecasting and demand planning chain.

“Smart Software’s inclusion in this year’s “100” list recognizes its leadership as a solution and service provider in assisting the Supply Chain function and supply chain executives as your customers move toward supply chain excellence,” said Barry Hochfelder, editor, Supply & Demand Chain Executive.

Top 100 Logistics IT Providers
In its April 2013 issue, Inbound Logistics’ editors recognized 100 logistics IT companies that support and enable logistics excellence.  Chosen from more than 300 companies, the “Top 100 Logistics IT Providers” selected demonstrate leadership by answering Inbound Logistics readers’ needs for scalability, simplicity, fast ROI and ease of implementation.

“Inbound Logistics editors have selected 100 logistics technology companies that enable logistics and supply chain excellence. Smart Software was recognized by Inbound Logistics for leading the way in 2013 and positioning enterprises for the years ahead.” said Felicia Stratton, editor of Inbound Logistics. “Smart Software excels at providing solutions that drive supply chain excellence and answer IL readers’ need for simplicity, ROI, and efficient implementation. Inbound Logistics is proud to honor Smart Software for continuing to offer our readers solutions that optimize logistics and supply chain excellence.”

Provider Pros to Know
President and CEO, Dr. Nelson Hartunian, has been chosen a “2013 Provider Pro to Know” by Supply & Demand Chain Executive magazine in its February/March 2013 issue.  This well-respected publication’s annual listing of Provider Pros to Know recognizes a select group of individuals, and Dr. Hartunian, a pioneer in developing inventory optimization techniques for intermittent demand, was chosen from more than 400 entries submitted.

“Those working to overcome supply chain challenges and grow the global supply chain at the same time should get the recognition they deserve for their achievements,” said Barry Hochfelder, editor, Supply & Demand Chain Executive.  “Now in its 13th year, the Supply & Demand Chain Executive “Pros to Know” awards recognize both ends of the supply chain. This includes honoring individuals from software firms, service providers, consultancies or academia who helped their supply chain clients or the supply chain community prepare to meet industry challenges.”

“We work diligently with our customers to achieve their demand planning goals,” said Dr. Hartunian. “Our customers have found that better demand planning, using SmartForecasts, has become a critical strategic element for improving their operations and the productivity of their supply chain. While initially many purchase SmartForecasts^® to achieve tactical goals, they quickly discover strategic benefits. More specifically, the ability to accurately forecast and estimate their inventory stocking levels improves their relationships with both customers and suppliers, especially where their inventories experience a lot of intermittent demand.”

About Smart Software, Inc.
Founded in 1981, Smart Software, Inc. is a leading provider of enterprise-wide demand forecasting, planning and inventory optimization solutions.  Smart Software’s flagship product, SmartForecasts, has thousands of users worldwide, including customers at mid-market enterprises and Fortune 500 companies, such as Abbott Laboratories, Metro-North Railroad, Siemens, Disney, Nestle, Nikon, GE and The Coca-Cola Company.  Smart Software is headquartered in Belmont, Massachusetts and can be found online at www.smartsoftware.wpengine.com .

SmartForecasts is a registered trademark 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); FAX: 1-617-489-2748; E-mail: info@smartsoftware.wpengine.com