SMARTFormulator Unveils SMART Cost Estimator and More Enhancements at Supplier’s Day May 13/14
Marlboro, NJ, April 25, 2014 --(PR.com
)-- SMARTFormulator LLC, a Marlboro, New Jersey-based developer of the SMARTFormulator and SMARTMRP - formulations and production management software solutions will formally unveil the latest software enhancements plus debut the New SMART Cost Estimator at the New York Society of Cosmetic Chemists Suppliers Day at NJ Convention and Expo Raritan Center, May 13/14. The SMARTFormulator suite offers an intuitive, fully integrated, standardized secure centralized platform enabling start-to-finish information management for formulations development complete with ingredients, regulatory, quality, purchasing, and production/manufacturing management and more. This solution creates efficiencies and speeds time to market for laboratories, contract manufacturers and finished goods manufacturers. The company will present preview demos both days in Booth 116.
Launched in 2009, the SMARTFormulator, designed by chemical and personal care industry executives, eliminates the use of Excel sheets, disparate applications, and use of complex technology solutions, tools that typically present inefficiencies within small to midsize laboratories. The latest major enhancements include:
SMART Estimator-A cost estimation & project feasibility tool takes into account all overhead costs and any charge back of any excess cost resulting from smaller quantity usage of an ingredient (like a fragrance) or any unused raw material cost charge back percentage to customer to estimate profitability and margins based on MOQ (Min. Order Quantity Cost Implications). This tool will provides cost implications on buying “excess raw materials” for fulfilling customer orders if a minimum order quantity (MOQ) is involved.
SMART MRP - Latest feature includes a pictorial representation of your order processing with a “Flow Diagram” with actionable buttons with an easy user friendly graphical interface. This allows the user to effortlessly figure out where in the workflow a customer order is within the whole scheme of batch production and manufacturing with complete inventory traceability and efficient fulfillment of customer orders to shipping and delivery and Invoicing your customer
Rachel Schneider, Director Business Development noted: “Our clients, which include leading contract manufacturers, finished goods, and formulary labs continue to improve SMARTFormulator and additional functionality. People will be hard –pressed to find such a comprehensive tool meeting budgetary guidelines addressing all needs within formulating industries. Every year we unveil the major enhancements at the New York Society of Cosmetic Chemists because this is a group fully appreciating the value brought to their entire operation.”
The SMARTFormulator team will present complete demos at the show as well as demonstrate its versatility across technology platforms like the IPad and Touchscreen.