Belmont, MA April 4, 2002 Smart Software, a supplier of enterprise demand forecasting and planning software, has announced that Siemens Building Technologies and Vicor Corp. have purchased site licenses for Smart's flagship product, SmartForecasts Enterprise. Both companies intend to use the product to accurately forecast intermittent or slow-moving demand.
Siemens Building Technologies, a $1.4 billion supplier of engineered products and services for building comfort, safety and security, is using SmartForecasts Enterprise at its Buffalo Grove, Illinois U.S. headquarters campus. The company has fully integrated SmartForecasts Enterprise with its legacy manufacturing system and uses the software to forecast thousands of products and measure the effects of promotions on demand. Siemens plans to use SmartForecasts' intermittent demand capability when it is integrated with a new Oracle system later this year.
With SmartForecasts we've reduced the time it takes us to produce a forecast by seventy-five percent, claims Bob Perlowski, director of production operations at Siemens Building Technologies. In addition, with better forecasts for more products our factory runs smoother, and we're providing our suppliers with better information.
Vicor Corp., a $200 million build-to-order manufacturer of power solutions to the electronics OEM market, is using SmartForecasts Enterprise at its Andover, Massachusetts headquarters campus. Vicor uses SmartForecasts' Automatic Forecasting system to help manage demand for products with high mix in a build-to-order environment. With fifty percent of the company's products demonstrating intermittent demand, Vicor will be looking at the use of SmartForecasts' intermittent demand capabilities for component planning.
We purchased SmartForecasts because it will improve our ability to accurately forecast thousands of items, many of which demonstrate intermittent demand, said Doug Richardson, vice president of information systems at Vicor. SmartForecasts' open system architecture will enable us to easily share data with our new Peoplesoft enterprise software and manage our inventories better.