Lots of news and updates again this month.
Let's get straight to it!
1. Guest Blog Post: How to Tell That You Don’t Really Have an Inventory Planning and Forecasting Policy
Without an appropriate Inventory Planning and Forecasting Policy you can’t properly manage your inventory levels, let alone optimize them.
If you don’t have a handle on exactly how demand forecasts and stocking parameters (such as Min/Max, safety stocks, and reorder points, and order quantities) are determined then you don’t really have an inventory planning and forecasting policy.
In our latest guest posting, Gregory Hartunian, CEO of Smart Software explains why inventory planning and forecasting work-arounds don’t work and how a lack of an inventory planning and forecasting policy can blow out costs.
2. Industry News
Sphera Acquires MRO Cloud Software Company SparesFinder
Sphera, the largest global provider of Integrated Risk Management software and information services with a focus on Operational Risk, Environmental Performance and Product Stewardship, has announced the acquisition of sparesFinder, a leading U.K.-based Maintenance Repair & Operations (MRO) cloud-software company.
Collaboration Provides Smart Inventory Planning, Forecasting, & Optimization for Microsoft NAV
Smart Software, Inc. is excited to announce the successful integration of its cloud-based Inventory Planning and Optimization software with Microsoft Dynamics NAV to create Smart IP&O for NAV. Smart Software partnered with ArcherPoint Inc., a Microsoft Dynamics ERP Gold Partner and full-service provider for Dynamics NAV and Dynamics 365 to build the connector.
3. Seven Things That Every Senior Manager and CFO Should Know About Spare Parts Management - Part 2
Continuing this series on 7 Things That Every Senior Manager and CFO Should Know About Spare Parts Management this post addresses Part 2: You Will Need to Hold Items That Will Not Move Often (If at All).
4. Discounts at Amazon.com
At the time of writing, Amazon.com is offering a 20% discount on the hardcover version of my book Spare Parts Inventory Management. This means that you can purchase the book for just US$39.94. What a bargain!
