In joining Epicor, Smart Software customers will benefit from significant scale, development, and investment in our inventory planning and optimization solutions, over time giving you even more capabilities and product options. In acquiring Smart Software, Epicor is complementing and strengthening its portfolio of best-in-class ERP solutions, helping makers, movers, and sellers worldwide streamline and simplify their supply chains to gain a competitive advantage. As your strategic business partner, our top priority as we integrate the organizations in the coming months is to continue to provide you with the highest level of service and support you expect.
For more information on the news, please visit the Epicor Newsroom
40 Years of Delivering Field Proven Demand Forecasting and Planning Solutions
Statistical Forecasting
Statistical Forecasting
- Automatically selects the best forecast model.
- Predicts seasonality and trend.
- Forecast override and accuracy workbench.
Read More
Inventory Optimization
Inventory Optimization
- Optimize stocking policies across the distribution network.
- Predict service levels, fill rates, inventory value, and track historical KPIs.
- Conduct what if scenarios that calibrate risks, consequences, and tradeoffs.
Read More
S&OP / IBP
S&OP / IBP
- Align unit forecasts with the revenue plan at any level of the business.
- Identify and reconcile gaps between the budgeted plan and reality.
- Coordinate supply, demand, and budget.
Read More
Demand Planning
Demand Planning
- Forecast at multiple levels including family, customer, and region.
- Import external forecasts and track value-add.
- Develop a consensus plan bridging business knowledge and statistics.
Read More
Spare Parts Planning
Spare Parts Planning
- Patented probabilistic methodology for intermittent demand.
- Simulate the inflow and outflow of repairable spare parts/rotables.
- Planned maintenance and capital project planning & budgeting.
Read More
ML, Analytics, and Reporting
ML, Analytics, and Reporting
- Build, train, and deploy ML models for multiple use cases.
- Drive proactive and rapid response with exception reporting.
- Develop custom AI infused BI reports with pre-built data models.
Read More
40 Years of Delivering Field Proven Demand Forecasting and Planning Solutions
Statistical Forecasting
- Automatically selects the best forecast model.
- Predicts seasonality and trend.
- Forecast override and accuracy workbench.
Read More
Inventory Optimization
- Optimize stocking policies across the distribution network.
- Predict service levels, fill rates, inventory value, and track historical KPIs.
- Conduct what if scenarios that calibrate risks, consequences, and tradeoffs.
Read More
S&OP / IBP
- Align unit forecasts with the revenue plan at any level of the business.
- Identify and reconcile gaps between the budgeted plan and reality.
- Coordinate supply, demand, and budget.
Read More
Demand Planning
- Forecast at multiple levels including family, customer, and region.
- Import external forecasts and track value-add.
- Develop a consensus plan bridging business knowledge and statistics.
Read More
Spare Parts Planning
- Patented probabilistic methodology for intermittent demand.
- Simulate the inflow and outflow of repairable spare parts/rotables.
- Planned maintenance and capital project planning & budgeting.
Read More
ML, Analytics, and Reporting
- Build, train, and deploy ML models for multiple use cases.
- Drive proactive and rapid response with exception reporting.
- Develop custom AI infused BI reports with pre-built data models.
Read More
How the Smart IP&O Platform Can Help
Testimonials
“Smart is the only one out there that has really licked the intermittent demand modeling challenge. We get accurate information and more importantly at the lowest dollar. Without Smart, I think we would have seen continued growth in our inventory and not necessarily gotten any greater benefit for service.”
“I studied all the best practices from numerous sources and found that Smart’s approach was addressing everything. Smart is helping me save time and automate the inventory planning process, which ultimately is helping me scale our business. We now have a great inventory planning and forecasting process generating measurable value that can be plugged into whatever ERP we choose.”
Chief Executive Officer
“Smart IP&O allowed us to transform our manually maintained stocking levels to a service level-based model that drove significant improvements in fill rates while optimizing total inventory on hand. The accurate forecasts of stocking levels provided fact-based data that allowed us to strategically phase the consolidation effort where warehouse space was at a premium.”
Pursuing best practices in Demand Forecasting and Inventory Optimization
Bottom Line Strategies for Spare Parts Planning
Managing spare parts presents numerous challenges, such as unexpected breakdowns, changing schedules, and inconsistent demand patterns. Traditional forecasting methods and manual approaches are ineffective in dealing with these complexities. To overcome these challenges, this blog outlines key strategies that prioritize service levels, utilize probabilistic methods to calculate reorder points, regularly adjust stocking policies, and implement a dedicated planning process to avoid excessive inventory. Explore these strategies to optimize spare parts inventory and improve operational efficiency.
Finding Your Spot on the Inventory Tradeoff Curve
This video blog holds essential insights for those working with the complexities of inventory management. The session focuses on striking the right balance within the inventory tradeoff curve, inviting viewers to understand the deep-seated importance of this equilibrium.
The Cost of Spreadsheet Planning
Companies that depend on spreadsheets for demand planning, forecasting, and inventory management are often constrained by the spreadsheet’s inherent limitations. This post examines the drawbacks of traditional inventory management approaches caused by spreadsheets and their associated costs, contrasting these with the significant benefits gained from embracing state-of-the-art planning technologies.