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Press Release Canadian Leaders, GE Aircraft Engines and Domtar, Use Smart Software's SmartForecasts for Parts Operations
Belmont,
Mass., June 9, 2005 -- Smart Software, Inc., provider of industry-leading demand
forecasting, planning, and inventory optimization solutions, today announced
that GE Aircraft Engines Canada (NYSE:GE) and Domtar (NYSE:DTC), the third
largest producer of uncoated freesheet paper in North America, recently
purchased its flagship product, SmartForecasts Enterprise. These two Canadian
companies will use SmartForecasts in their parts operations to increase demand
forecast accuracy and help improve the management of hard-to-forecast spare
parts inventories. SmartForecasts meets the specific needs of spare parts
management with its patented technology to accurately forecast items with
intermittent, or slow moving, demand and optimize safety stock requirements.
GE Aircraft Engines (GEAE), a business unit of GE Transportation (GET), will
use SmartForecasts as part of a comprehensive procurement system for the
acquisition and inventory management of spare parts at its Bromont, Quebec
facility. This facility manufactures high-quality fan and compressor airfoils
(blades) for several aircraft engines. With annual sales in excess of US$15
billion, GET is a leading manufacturer of jet engines for civilian and military
aircraft, as well as products and services for the rail, marine and off-highway
industries.
"Having the right parts available when they are needed is critical to our
business and that of our customers," said Benoit Cloutier, director of finance
at GET Canada. "We expect that SmartForecasts will help us improve our
forecasting and spare parts inventory management and enable us to increase our
service levels to better meet the needs of our customers and internal
users."
Domtar, a US$4 billion paper manufacturer with 12,000 employees in North
America, plans to implement SmartForecasts at its Lebel-sur-Quévillon, Quebec
facility in spring 2005. With the help of SmartForecasts, the company expects to
reduce its spare parts inventory in a significant manner.
"SmartForecasts is an excellent fit for our requirements," stated Guy
Tremblay, vice president of procurement at Domtar. "It will help us achieve our
service level goals with a minimum inventory investmenteven for parts with
intermittent demand."
Smart Software's Canadian reseller, IMAFS, Inc. of Montreal, was instrumental
in making the sales to GEAE and Domtar. It will also provide these firms with
additional consulting services to integrate SmartForecasts with its IMAFS-PRO
inventory management system and support the combined solution. IMAFS, a software
development and consulting firm founded in 2000, provides businesses with
comprehensive demand forecasting, planning and inventory optimization solutions
that are powered by the SmartForecasts system.
About Smart Software
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 Monsanto, Mitsubishi, Siemens, Labatt Breweries, Pfizer, and Coca-Cola.
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.
SmartForecasts is a trademark of Smart Software, Inc. All other trademarks
are the property of their respective owners.
For more information, please contact Smart Software, Inc., Four Hill Road,
Belmont, MA 02478. Phone: 1-800-SMART-99 (800-762-7899);
FAX: 1-617-489-2748; E-mail: info@smartcorp.com
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