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Press Release Smart Software Ships SmartForecasts Version 6
Expanded inventory optimization, reporting, and collaboration capabilities improve forecasting and inventory planning
Belmont,
Mass., March 10, 2004 - Smart Software, Inc., a leading supplier of demand
forecasting, planning and inventory optimization solutions, today announced that
it is shipping Version 6 of its flagship product, SmartForecasts. The new
version incorporates important planning tools for optimizing inventory stocking
levels and safety stock requirements, providing nearly 100 percent accurate
results. In addition, this version includes enhanced database management and
product group forecasting capabilities, as well as new performance tracking
reports and collaborative forecasting options. It integrates with major
corporate databases, such as Oracle, IBM DB2 and SQL Server, as well as most SCM
and ERP systems.
"As companies seek to improve their supply chain solutions, they learn that
input from across the enterprise is essential to success," said Julie Fraser, a
principal at Industry Directions, Newburyport, Massachusetts. "With Version 6,
Smart Software has added significant capabilities critical to collaborative
forecasting and planning efforts, such as reports to track forecast accuracy,
multiple forecast scenario options, improved product group forecasting, and a
fully integrated comments facility. Those pursuing a richer demand planning
environment will also appreciate this version's enhanced inventory planning
tools."
SmartForecasts Version 6 includes the following major new features:
- Advanced inventory planning tools to automatically estimate optimal
stocking levels and safety stock requirements for ALL forecasted items;
- Performance tracking reports, including Forecasts vs. Actuals reports to
better assess the accuracy of the forecasting and planning process;
- Enhanced product group forecasting to improve top-down and bottom-up
results;
- Enhanced database management capabilities, including customized displays
of forecast/audit information and quicker, easier connection to corporate
databases;
- Collaborative forecasting options to save and review multiple forecasting
scenarios for any group of items;
- Fully integrated comments facility for adding notes and documenting
changes;
- Full compatibility with Smart Software's new web-based collaboration
software, SmartWeb Collaborator.
"I enthusiastically worked with Version 6 of SmartForecasts and enjoyed all
its new functionalities and especially the database connectivity," commented
Pierre Belhumeur, senior project manager, sales and marketing at Labatt
Breweries and an early SmartForecasts 6 user. "This latest upgrade is quite
impressive. The possibilities for this software are enormous. All those new
unique features will surely position SmartForecasts as the leader in its
software category."
Version 6 also incorporates Smart Software's patented, award-winning
Intermittent Demand Forecasting technology, as well as additional
multidimensional sorting, promotion modeling, and OLAP data management
capabilities. This version has the ability to access remote databases over the
Internet, and its user interface has been refined to make the SmartForecasts
software even more straightforward to use, including new uses of color, more
toolbars for easier program navigation, and improved online Help.
Smart Software
Founded in
1984, Smart Software, Inc. is a leader in providing businesses with
enterprise-wide demand forecasting, planning and inventory optimization
solutions. Smart Software's flagship product, SmartForecasts, has thousands of
customers worldwide, including midmarket enterprises and Fortune 500 companies,
such as Mitsubishi, Siemens, Labatt Breweries, Coca-Cola and Monsanto.
SmartForecasts 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 minimum inventory and safety
stock required to meet future orders, thereby ensuring the most cost-effective
inventory allocation to 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 SmartWeb Collaborator are 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
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