SMS vs. Stock Status
Is SMS just another Stock Status System?  Absolutely not! In fact, it is not a Stock Status system at all. It is an automated inventory analysis system that focuses attention of what to order. Where does SMS fit into your current system's flow? Take a look at these functions and it becomes apparent just what a valuable function SMS provides - and your Stock Status System lacks.

 Function Stock Management
Stock Status
Online Transaction Processing
No
Yes
Accounts Receivable
No
Yes
Accounts Payable
No
Yes
Shop Floor Control
No
Yes
Production Scheduling
No
Yes
Purchase Order System
No
Yes
Open Orders Database
No
Yes
Vendor Database
No
Yes
     
Mult-Model Forecasting
Yes - Best Fit from 15 Models
No
Forecast Controls
Yes - "Top/Down" and "Bottom/Up"
No
Safety Stock Based on Forecast
Yes
No
Safety Stock Based on Service Level
Yes
No
Calculate 365 Daily Forecasts
Yes
No
EOQ Based on Forecast
Yes
No
"Lumpy Demand" Safety Stock Logic
Yes
No
"Slow Moving" Safety Stock Logic
Yes
No
     
Time Phased Replenishment Plan
Yes - 52 Weeks Out
No - Use Simple Min/Max
Combine DRP into Replenishment
Yes - Unlimited Levels
No - No Time-Phased Plan
Combine BOM into Replenishment
Yes - 99 Level BOM
No - No Time-Phased Plan
Automated EOQ Review
Yes
No - Done Manually (or Never)
Automated Safety Stock Review
Yes
No - Done Manually (or Never)
"What if" Simulation Capability
Yes - Can Change any Variable
No
Indentify Overstocked Items
Yes
No - Only highlight Need to Order
Work Screen to set Intial Spares
Yes
No


SMS is good at what it does.  Valuable Stock Status System data is a must for any analysis tool.  When these are coupled together, your productivity and efficiency improve dramatically.  Stock Status Systems tell you where your inventory is at the moment.  SMS tells you where you should be!