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Press Release

Smart Software Celebrates 25 Years of Innovation

Developer of Major Advances in Demand Forecasting, Planning and Inventory Optimization

Belmont, Mass., November 30, 2009 - Smart Software, Inc., provider of industry-leading demand forecasting, planning, and inventory optimization solutions, celebrates its twenty-fifth anniversary this fall.  After releasing the first version of SmartForecasts® for the PC in 1984, and after helping thousands of customers improve their demand forecasting and inventory planning processes and results, the company is still growing strong with recent new customers such as Nestle, Otis Elevator, Thermo Fisher Scientific, Montreal Transit, Boeing, and Beretta USA.

Among its many achievements, Smart Software pioneered:

  • One of the first sales and demand forecasting systems specifically developed for workstation computers

  • The first statistically-based "automatic" forecasting capability for the business software market

  • The first accurate, realistic solution to the intermittent demand forecasting problem

  • The first forecasting solution to provide a judgmental adjustment capability based on interactive graphics

  • Development of one of the first statistical forecasting-based inventory optimization software solutions

  • Built-in, cost-effective database integration methodologies that provide direct connectivity to all major client-server databases.

"Today, SmartForecasts users span five continents in a variety of industries from discrete and process manufacturers, to retail and distribution, and service/spare parts organizations," said Charles Smart, president and CEO of Smart Software.  "Our customers have recognized the exceptional value that SmartForecasts provides for the successful operation of their businesses, including accurate results, robust features, competitive pricing, and a great return on investment."

SmartForecasts is a cross-industry solution for demand forecasting, demand planning, and inventory optimization that utilizes pioneering innovations, such as Smart Software's patented technology for forecasting intermittent, or slow-moving, demand.  SmartForecasts also leverages customers' existing IT investments and reduces total cost of ownership by integrating easily with host databases, as well as ERP and SCM systems like Sage, SAP, Oracle, JD Edwards and Epicor.

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 users worldwide, including customers at mid-market enterprises and Fortune 500 companies, such as Abbott Laboratories, Mitsubishi, Siemens, Disney, Godiva, Nikon, GE and The Coca-Cola Company.  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 registered 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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    Events

    Institute of Business Forecasting: Demand Planning & Forecasting Tutorial
    August 16-17, 2010
    Cambridge, MA

    I/E Group - Sales & Operations Planning Innovation
    September 9-10, 2010
    Boston, MA




    Media Contacts:
    Gregory Hartunian
    Smart Software, Inc. gregoryh@smartcorp.com
    Tel: 617-489-2743

    John Comando
    NeedhamGroup johnc@needhamgroup.com
    Tel: 781-559-8061

       
       
       
       

       
       
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