Smart Software President to Discuss Transforming Inventory Management for Bus and Rail Service Operations

    BELMONT, MA, October 13, 2014 /24-7PressRelease/ -- Greg Hartunian, president of Smart Software will discuss "Transforming Inventory Management for Bus & Rail Transit with Service Level-Driven Demand Planning" in an Innovation Learning Zone session at the American Passenger Transport Association (APTA) Annual Meeting in Houston, Tex. The session will be held at 12:15 pm - 1:00 pm, on October 14, in Booth 1047.

Service Level-Driven Demand Planning solves a critical parts planning challenge for transit systems. It's a method for improving the planning and management for service parts inventories with a high incidence of hard-to-forecast intermittent demand such as those found in transit systems. It allows planners to determine where inventories are overstocked and under-stocked, quantify costs associated with making changes, and take informed actions to meet desired service levels. Planners are able to immediately see the consequences of certain actions before they are implemented shortening the time to realizing improvements.

Smart Software is a leader in helping transit companies solve difficult inventory planning challenges. Its flagship product, SmartForecasts , has a unique, patented technology for forecasting intermittent demand and estimating safety stocks. Leading transit organizations such as Metro North Railroad, STM (Montreal Transit), NJ Transit, and Minnesota Metro Transit, and industry suppliers such as Motor Coach Industries and Prevost are using SmartForecasts to reduce and balance their service parts inventories and save millions of dollars while improving service levels.

For more information about SmartForecasts, visit Smart Software's website or blog, or please contact Jeffrey Scott at Smart Software at 1-800-762-7899 or [email protected].

SmartForecasts is a registered trademark of Smart Software, Inc. All other trademarks are the property of their respective owners.

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