Smart Software Inc., a demand forecasting, planning and inventory optimization solutions provider, says that Purdue Pharma, has purchased SmartForecasts Enterprise for its Canadian headquarters in Pickering, Ont. Purdue is integrating SmartForecasts with its JD Edwards ERP system, and expects the new system to help reduce inventories.
Purdue Pharma has been using a smaller SmartForecasts system for almost 10 years, according to the Belmont, Mass.-based software developer. In addition to the upgrade, Smart Software has provided consulting and integration services that will enable Purdue to integrate SmartForecasts with JD Edwards, which will enhance alignment between the company's marketing and materials management groups, as well as reduce costs associated with data re-entry.
Smart Software says the resulting customizations will also enable the groups to generate accurate forecasts and inventory stocking recommendations that optimize inventories and account for often long lead times for raw materials. In addition, sales and marketing personnel will be able to generate a series of reports that will help them manage planning and budgeting.
"What I've always appreciated about SmartForecasts is its intuitive ease-of-use and robustness," says John Stewart, executive vice president and general manager, Purdue Pharma Canada. "However, to improve inventory management, we need to improve the way we make stocking decisions. We expect that, with the advanced capabilities of SmartForecasts Enterprise and the consulting work provided through Smart Software, we'll greatly improve the efficiency of our operations."
The developer says SmartForecasts is a cross-industry solution for demand forecasting, planning and inventory optimization with many users in the pharmaceutical industry. Its patented intermittent demand forecasting technology is deployed by scores of companies with service parts operations, as well as industrial tools and other capital goods manufacturers. SmartForecasts integrates with Oracle, IBM DB2, and Microsoft SQL Server, as well as ERP and SCM systems such as Epicor, Adonix, and SAP.
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