Smart Software Inc., a company that provides demand forecasting, planning, and inventory optimization solutions, has released Version 8 of its flagship product, SmartForecasts. The SmartForecasts software contains technology for forecasting hard-to-forecast items with intermittent, or "slowmoving" demand. The solution integrates easily with host databases, such as Oracle, Microsoft SQL Server, and IBM DB2, as well as ERP and SCM systems like Epicor, Adonix, and SAP. The latest release offers a number of significant features to give demand and inventory planners the ability to quickly deliver accurate forecasts and inventory stocking estimates for thousands of product items, handle an expanded variety of forecasting situations, manage the day-to-day forecasting process, and streamline the administration of SmartForecasts by providing improved connectivity to other corporate planning systems.
The new version includes a fully automated system for executing large forecasting jobs, allowing planners to customize forecasting parameters at the stock-keeping unit (SKU) level. It also enables planners to automate at the SKU level the use of fixed or dynamic time frames for improving the accuracy and relevance of forecast results. It has "what-if" facilities to include a FreeStyle forecasting method, useful for forecasting new products and generating non-statistical forecast results.
The new release additionally offers the ability to reuse, combine, and merge forecast projects in ways that better match specific corporate needs, along with new tools for controlling forecasting projects.
Company: Smart Software Inc.
Company Phone: (800) 762-7899
Company URL: www.smartcorp.com