Software offers enhanced product group forecasting.
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Press Release Summary:
SmartForecasts(TM) v6 incorporates planning tools for optimizing inventory stocking levels and safety stock requirements. It integrates with Oracle, IBM DB2, and SQL Server. Performance tracking reports assess accuracy of forecasting and planning process. Group forecasting improves top-down and bottom-up results. Database management offers customized displays of forecast/audit information and collaborative forecasting options save and review multiple forecasting scenarios.
Original 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(TM). 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:
oAdvanced inventory planning tools to automatically estimate optimal stocking levels and safety stock requirements for ALL forecasted items;
oPerformance tracking reports, including Forecasts vs. Actuals reports to better assess the accuracy of the forecasting and planning process;
oEnhanced product group forecasting to improve top-down and bottom-up results;
oEnhanced database management capabilities, including customized displays of forecast/audit information and quicker, easier connection to corporate databases;
oCollaborative forecasting options to save and review multiple forecasting scenarios for any group of items;
oFully integrated comments facility for adding notes and
documenting changes;
oFull compatibility with Smart Software's new web-based
collaboration software, SmartWeb Collaborator(TM).
"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.
About Smart Software, Inc.
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 < www.smartcorp.com > .
For more information, please contact Greg Hartunian at Smart Software at 1-800-SMART-99 (800-762-7899) or gregoryh@smartcorp.com.
