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Press Release Smart Software Fuels Better Forecasting and Inventory Management at Auto Aftermarket Manufacturer ATP
Belmont,
Mass., May 5, 2005 - Smart Software, Inc., provider of industry-leading demand
forecasting, planning, and inventory optimization solutions, today announced
that ATP, Inc., a key supplier to the $900 million market for automotive drive
train parts, has installed its flagship product, SmartForecasts Enterprise. ATP
is using SmartForecasts, with its patented intermittent demand forecasting
technology, to improve demand forecast accuracy and optimize inventory stocking
levels.
ATP, Inc., a privately held firm with headquarters in Morton Grove, Illinois,
carries an inventory of approximately 6,000 product items. The company
manufactures transmission parts, repair kits, and other automotive aftermarket
products including a complete line of cables for accelerator, clutch and
transhift applications, as well as manifolds, oil pans, lubricants, and other
items.
Like many companies in the automotive aftermarket industry, ATP has a large number
of inventory items that are hard-to-forecast because they have intermittent,
or "slow-moving", demand patterns. ATP is looking for ways to lower
its inventory and reduce costs without affecting its historical ability to consistently
achieve a 98% fill rate. SmartForecasts helps companies like ATP produce
accurate forecasts and reliable, cost-effective safety stock estimates
even for items with intermittent demand.
"Our goal is to reduce inventory without reducing service," said Maureen Rogak,
vice president of supply chain at ATP, Inc. "To do that, we needed a better
way to accurately forecast the demand for our products especially those
with intermittent demand, and SmartForecasts gives us that ability. It's also
helped us streamline our monthly forecasting process by reducing the time
involved from one week to two days, and with the more accurate forecasts
SmartForecasts provides, we've begun to see our inventory levels and order
quantities start to go down."
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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