SupplySquare - SmartForecasts

SupplySquare
Supply Chain Management Solutions
www.supplysquare.com
SmartForecasts® Demand Planning, Forecasting & Inventory Optimization

Smart Software – Company Overview
Leading provider of forecasting, demand planning, and inventory optimization software since 1984
Primary customer need: find the inventory ‘sweet spot’
Meet service objectives, minimize stock-outs
reduce inventory
Unique forecasting advantage – intermittent demand solution
Thousands of demand & inventory planners worldwide
Integrates with all ERP environments

Demand & Consumption Forecasting:Where the Supply Chain Starts
WarehouseManagement
Distribution
Requirements
Planning
Inventory
Planning
Forecasts
Accurate consumption forecasts drive
the entire supply chain but it’s not enough…

The minimum amount of inventory required
over a specified lead time
to meet a desired service level
Reconciling Competing Goals:
Finding the Inventory “Sweet Spot”
The
Inventory
Sweet
Spot
Increase
Service
Levels
Reduce
Inventory

Reorder Points – Common Approaches used by ERP and Homegrown applications
Forecasts
Naïve Methods (e.g., last months usage = next month’s forecast)
Average Usage
Smoothing
Buffers
# of additional months, Rules of Thumb
Add a percentage of average as buffer
Generic Statistical Controls
No proven method for intermittent demand
These methods will always miss the sweet spot and are possibly used by your current planning system

SmartForecasts Enterprise
Essential tools for methodical, effective demand planning
Forecast demand – and measure associated forecast risk
Establish service level objectives for each of thousands of parts
Automatically select the right statistical method for each part
Visually present history, forecasts – and adjust for special events
Determine safety stock required to achieve service level
Transfer results to inventory management system.
“Best-in-Class” solution
Built to complement installed supply chain and ERP systems
Performance leadership – statistical methods outperform all competitors
Implementation is quick, non-intrusive and cost-effective
ROI evident within 1-3 months: meet service objectives with 15-20% less inventory.

SmartForecasts - a better approach
Smart Software’s Customers embrace these practices:
Automatic forecast method selection
Patented solution for Intermittently Demanded items
Reorder points and safety stock reflecting item uncertainty, lead times and targeted service levels
Precise quantification of service availability vs. inventory cost
Assessment of trade-offs
Assignment of service level targets by item/class

Representative Service Parts Customers

SupplySquare
Supply Chain Management Solutions
SupplySquare bvba
Driftweg 32b
8377 Nieuwmunster
Belgium
Email: info@supplysquare.com
Tel: +32 50 704036
www.supplysquare.com

SupplySquare - SmartForecasts

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