Smart IP&O
About Smart IP&O
Smart IP&O is a web-based software application for medium and large businesses, designed to help users to track business metrics and forecast accurately in order to optimize inventory and service levels. It integrates three modules for demand planning, forecasting, and inventory optimization. The software caters to operational research professionals, sales and forecast analysts, material and inventory planners, and demand planners.
Smart IP&O offers inventory policy decision support and facilitates the sharing and tracking of policy decision results. It helps identify overstocked and understocked areas. The Smart Inventory Optimization module allows users to collaborate on, share, and track the impact of inventory planning for different types of replenishment policies, including reorder point/order quantity, min/max, safety stock planning, and order up to levels.
The Smart Demand Planner module of Smart IP&O is a stat-based forecasting solution. It offers users the ability to align strategic business forecasting with granular forecasts of items in order to improve the accuracy of forecasts over time. Accuracy can be monitored and fine-tuned when needed, and these forecasts can be shared with internal and external stakeholders including suppliers.
Key benefits of Smart IP&O
• Smart IP&O offers four integrated modules; Smart Inventory Optimization, Smart Supply Planner, Smart Operational Analytics, and Smart Demand Planner.
• The Smart Inventory Optimization module identifies areas where the company is overstocked and understocked to help maintain an optimal inventory level. It enables admin users to modify planning parameters depending on rules, service targets, and the inventory budget of the company.
• The Smart Supply Planner module automatically Predicts what to order and when.
• The Smart Operational Analytics module enables organizations to share stats and detailed reports among different teams and teammates, as well as external stakeholders. The module allows assessing and classifying inventory by class, stage, and much more.
• The Smart Demand Planner module aligns strategic business forecasting with granular forecasts of the item mix, in order to improve forecast accuracy.
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- Industry: Machinery
- Company size: 51–200 Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Smart Sales Forecasting at PROCON
Reviewed on 2023/11/20
SDP has bridged the gap between sales and supply chain team. Forecast is based on communication...
SDP has bridged the gap between sales and supply chain team. Forecast is based on communication with customers which had also made relationship between account manager and customer stronger. SDP has also helped identifying new customer and/or product and made onboarding of either new product and/or customer seamless. This helps in preparing the supply chain and production with right components and helps fulfilling the customer commitment especially the new one.
Pros
We customized SDP to give us visibility on customer’s business by finished SKU. SDP Dashboard provides historical sales in a glance both by number and in graphical view. Depending on the scenario and preference data presentation either in text or visual provides key insights in past usage. SDP automatically picks up the most appropriate forecast method based on the trend.
SDP provides us framework for the tiered customers identified for forecasting. SDP’s forecast is often the starting point of conversations with customers driving our 80% of business (revenue). Customer and account manager collaboration helps fine tuning the forecast in SDP platform. For rest of the customers driving 20% business, we let SDP drive the forecast, in other words we use system generated forecast. This process is working in great favor for us as forecast vs. actuals (revenue) is within 3-5%.
Forecast accuracy is also a great tool and provides means to dig deep if forecast is off for specific customer and/or SKU
The product took some time for team to get familiar with. There were several iterations where we took team’s feedback to Smart team and tweaked the tool and data presentation to our need. Smart team was very helpful and efficient throughout the process.
Cons
We needed Smart’s help to apply some of the more advanced functions, such as the treatment of new or zero demand items, but the functionality was solid
The application is powered by transactional data automatically delivered from our Epicor ERP. This can introduce some complexity at first, but the benefits are great – eliminating the need for database creations and management, and providing fine-grained data for sophisticated analysis
- Industry: Furniture
- Company size: 1,001–5,000 Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Exceptional
Reviewed on 2022/10/18
We have a much better inventory position largely due to using Smart IP&O. Our inventories are...
We have a much better inventory position largely due to using Smart IP&O. Our inventories are better aligned with the customer demand and timing of the demand. We are able to better identify trends and pick up on changes in a more effective manner by using Smart IP&O. We are also able to provide the leadership team and our factory partners with projections regarding our anticipated demand. In addition, our inventory turns have increased. Smart has been very valuable in our S&OP processes and has made a positive difference in our inventories.
Pros
Smart IP&O is user friendly, easy to learn, and navigate. It's ability to leverage various mathematical forecasting techniques is one of my favorite attributes. It is a great help in our capability to respond to unplanned demand changes, without creating obsolescence.
Cons
Smart IP&O does not have the functionality to perform an ABC stratification. This feature would be useful to our business segments and a time saver for us.
Reasons for Choosing Smart IP&O
We desired a tool that was less challenging to use while maintaining or increasing effectivity.Switched From
Logility PlatformReasons for Switching to Smart IP&O
Smart IP&O introduced us to an extremely knowledgeable, customer centric team along with a terrific product that we could use to forecast our business with ease. The team listened to every concern and actively worked to get us what we wanted and where we needed to be.- Industry: Wholesale
- Company size: 11–50 Employees
- Used Weekly for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Steelfire Equipment Ltd.
Reviewed on 2022/11/14
Good so far!
Good so far!
Pros
The software UI is effortless and easy to navigate.
Cons
Not necessarily a con, but initially it does take a while to customize the settings to your business operational goals. However, the learning curve is not that steep.
- Industry: Automotive
- Company size: 201–500 Employees
- Used Monthly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Automate Demand Planing and eliminate spreadsheets
Reviewed on 2022/11/15
Our experience has been very positive. The team at SMART is great to work with and provide quick...
Our experience has been very positive. The team at SMART is great to work with and provide quick support when needed.
Pros
The tight integration with our Epicor ERP\Kinetic software. Without a solution to generate demand for our high mix - low volume products we would be in the dark. This tool replaces a bunch of spreadsheets that where never populate with live data.
Cons
The cost is a bit high for our size company. There are many features we do not use. This product is like any feature rich product it takes ownership and dedication to fully utilize.
Alternatives Considered
Forecast ProReasons for Switching to Smart IP&O
A few reasons we chose SMART:- Cloud-Based- Integration with Epicor ERP\Kinetic- Feature and superior forecast modeling- Industry: Medical Devices
- Company size: 1,001–5,000 Employees
- Used Daily for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
SMART at Confluent Medical
Reviewed on 2020/11/08
Pros
Built in integration to Epicor. Responsiveness of company to add functionality that was needed. Easy export/import capabilities.
Cons
Length of time needed to tweak functionality to match our requirements, but I appreciate the responsiveness and willingness to do that.
Smart IP&O FAQs
Below are some frequently asked questions for Smart IP&O.Q. What type of pricing plans does Smart IP&O offer?
Smart IP&O offers the following pricing plans:
- Starting from: US$695.00/month
- Pricing model: Subscription
- Free Trial: Not Available
Contact Smart Software for pricing information.
Q. Who are the typical users of Smart IP&O?
Smart IP&O has the following typical customers:
2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Smart IP&O support?
Smart IP&O supports the following languages:
English, German, Spanish
Q. Does Smart IP&O support mobile devices?
Smart IP&O supports the following devices:
Android (Mobile), iPhone (Mobile), iPad (Mobile)
Q. What other apps does Smart IP&O integrate with?
Smart IP&O integrates with the following applications:
Infor Cloud ERP, JD Edwards EnterpriseOne, Kinetic, Microsoft 365, NetSuite, Oracle PeopleSoft, PROPHET, Sage X3
Q. What level of support does Smart IP&O offer?
Smart IP&O offers the following support options:
Email/Help Desk, Knowledge Base, Phone Support, Chat
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