Demand Planning
Delivers advanced statistical analysis and collaborative demand management that coordinate forecasts across products, customers, groups, and multiple units of measure. Smart Demand Planner automatically selects the right forecast model for each item, accounting for trend, seasonality, and promotion/event-driven demand. Dozens of forecast models are available including user-defined approaches. Collaborative forecasting functionality supports consensus forecasting, allowing users to access their forecasts and apply forecast overrides. Forecasts can be reviewed by the lead demand planners for consensus planning; forecasting errors and bias are tracked, helping to identify how each step in the process influences performance.
Automatic Statistical Forecasting
- Account for trends, seasonality, and intermittency out of the box without configuration.
Consensus Planning
- Compare statistical, customer, and sales forecasts so you can easily agree on the consensus plan.
Multi-level Hierarchies
- Forecast items, product groups, families, and customers. Apply changes to one level and forecasts are automatically reconciled throughout all levels of the hierarchy.
Accuracy Reporting
- Track forecast errors and bias across all forecasts that were considered. Identify whether business overrides are adding value.
Inventory Optimization
Automatically identify the targeted service levels and inventory policy that minimizes holding, ordering, and stock-out costs. Smart Inventory Optimization (SIO™) is available on Smart’s Inventory Planning and Optimization Platform, Smart IP&O. It delivers inventory policy decision support and the means to share, collaborate, and track the impact of your inventory planning policy. The optimization engine evaluates projected performance and costs, identifying overstocking and understocking. Users can adjust parameters or rely on SIO's recommendations. Proposed policies are shareable and comparable. The agreed plan integrates into Sage for replenishment.
Intermittent Demand Planning
- Handles the hardest-to-forecast items.
Optimal Operations
- Prescribes the most profitable service levels and stocking policies.
Proactive Planning
- Targets recommended stock increases and decreases.
“What-if” Planning"
- Predicts KPIs for different inventory policies.
Analytics and Reporting
Create, schedule, and share no-code reports, dashboards, and machine-learning models from an easy-to-use and unified Business Intelligence suite. Smart Operational Analytics (SOA) is available on Smart’s Inventory Planning and Optimization Platform, Smart IP&O. It is a native web reporting platform that provides a fast, easily understood, current perspective on the state of your inventory. Its performance against critical metrics, actual supplier lead times, and opportunities to rebalance stocks across facilities can help uncover the root causes of operational inefficiencies. The Reporting Studio feature can generate customized reports, dashboards, and views to help you Identify trend metrics and critical business opportunities over time.
Historical KPIs
- Inventory on hand, service levels, fill rates, supplier lead times, turns, and value.
Inventory Performance
- Tracks service levels, fill rates, and time-to-ship.
Lead Time Analysis
- Tracks supplier and product lead times.
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