ToolsGroup

APRIL 13, 2020

We have 135 restaurants, four distribution centers, and we also manage three manufacturing facilities, with more than 5,000 SKUs, and we deliver to each restaurant up to three times a week. If you do the math there, you have to make 748,000 inventory decisions per month. We don’t know what’s going to happen.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Optimization 296

My Office Apps

JANUARY 22, 2024

Out with the Old, In with the Efficiency: Choose the Right Inventory Management Software for a Profitable New Year As the confetti settles and resolutions take flight, it’s the perfect time to give your business a refresh. But navigating the vast options of Inventory Management Software (IMS) can feel daunting.

Inventory Management Software 84

Inventory Management Software Optimization Software Forecasting Software Supply Chain Planning Software 84

ToolsGroup

FEBRUARY 19, 2020

Instead of working with the same forecast for a month, you’re empowered to challenge that forecast with the latest sales data and make improvements that boost profits. . Short-term forecast tuning adds up to long-term savings. Win time” with earlier demand insights so you can better input supply signals.

Supply and Demand 218

Supply and Demand Modeling Demand Planning Software Optimal Sourcing 218

My Office Apps

OCTOBER 9, 2023

AI’s Role in Changing Distribution Software Distribution management software (DMS) is a comprehensive solution that helps businesses effectively manage their supply chain , logistics, inventory, and order fulfillment processes. It uses historical data and external factors like market trends and seasonality to forecast demand accurately.

Optimization Software 73

Optimization Software Forecasting Software Inventory Management Software Supply Chain Planning Software 73

SYSPRO Smarter ERP

JUNE 19, 2023

However, for companies with extensive inventory and warehouse facilities, integrating a Warehouse Management System with their ERP system can bring additional value. A Warehouse Management System (WMS) plays a vital role in efficiently managing inventory within a warehouse. What is a Warehouse Management System?

Inventory Reduction 98

Inventory Reduction Resource Reduction Cost Reduction Strategies Inventory Management Software 98

ThroughPut

MARCH 27, 2024

Every aspect of operations, be it managing the inventory, forecasting demand or fulfilling orders was dependent on human wisdom and intuition. Real-time visibility was lacking, be it in warehousing or transportation, due to which delivery delays were common. Every decision was based on data generated and analyzed by humans.

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

ToolsGroup

JUNE 11, 2020

Digital transformation enables automated supply chain planning. Today “SKF is moving toward a nearly fully automated supply chain planning process where global planners only act on deviations. SKF needed to have structured data to feed into the automation and visibility tools that would improve operational planning processes.

Gartner 248

Gartner Supply Chain Planning Software Supply Chain Software Optimization Software 248

SYSPRO Smarter ERP

JANUARY 16, 2023

If your business has been around for a while, there’s a good chance that you’re still completing inventory counts, picking, packing, and other tasks manually. Thanks to new technologies like ERP manufacturers and distributors can now harness the power of automation in their supply chains. Increased productivity.

Supply Chain Software 105

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization 105

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. AI-based condition-monitoring sensors are installed on critical assets to collect and relay valuable real-time performance data. Optimize spare part inventories.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

ThroughPut

APRIL 5, 2024

Inventory is the backbone of the modern firm, and potentially its most important asset. It can affect production, sales, turnaround time, customer satisfaction and even profitability. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

ThroughPut

APRIL 15, 2024

In the ever-evolving landscape of global commerce, businesses face a significant challenge: the pain of inaccurate forecasts and the relentless pace of market conditions. The agitation stems from the financial loss and operational inefficiencies accompanying these inaccurate forecasts. AI in supply chain forecasting is a game-changer.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. Though this topic has been thoroughly researched, its basics and practical advice on successfully implementing it have often been overlooked in the endless blog posts on Google search results pages. How Does Just-In-Time (JIT) Work?

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

ToolsGroup

AUGUST 20, 2019

Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. versus $4.84 per $1000 of revenue).

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 136

Supply Chain Game Changer

AUGUST 24, 2022

Featuring Our 10 Best Inventory Management Articles! A very important part of many businesses is managing inventory. Companies in all different industries need to have inventory in stock in order to remain afloat and deliver their products to customers in a timely manner and avoid inventory management mistakes.

Inventory Management Software 93

Inventory Management Software Inventory Management Inventory Reduction Inventory 93

SYSPRO Smarter ERP

JANUARY 29, 2024

Inventory management Effective inventory management allows manufacturers to coordinate the actions and requirements of the business so that stocks are maintained at the right place, at the right time, and in the right quantities to satisfy customer demands and the production process.

Manufacturing Procurement 52

Manufacturing Procurement Trends Manufacturing Inventory Management Software 52

Enterra Insights

JUNE 22, 2022

”[1] She adds, “Economists define inflation as the rate of increase in prices over a given period of time. The irony of excess inventory. Reporters from Bloomberg explain, “A nationwide inventory glut has led to unexpected bargains for U.S.

Inventory Reduction 130

Inventory Reduction Inventory Prescriptive Analytics Software Inventory Management Software 130

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

SYSPRO Smarter ERP

JUNE 28, 2023

Large enterprises have long understood the benefits of ERP technology in essential processes such as procurement, planning and inventory control, but for smaller businesses, it can feel like an unnecessary or extravagant investment. However, there is a compelling case to be made for small businesses to consider implementing ERP software.

Analytics Software 98

Analytics Software Supply Chain Planning Software Vendor Strategies Inventory Management Software 98

ToolsGroup

FEBRUARY 23, 2021

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. Anyone can come up with a plan.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Modeling Optimization Software 156

ToolsGroup

FEBRUARY 7, 2022

From pet supplies – who doesn’t want a furry remote work friend – to outdoor activities, some initial pandemic shopping trends aren’t going away any time soon. With more time spent on our phones, it’s no surprise many of those minutes are allocated towards social media. I’ll let you come to your own conclusions on the tequila…).

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Inventory Management Software 98

Inventory Management Software Inventory Management Procurement Solutions Forecasting Software 98

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Owing to differing regional interests, export disputes are not being resolved in a timely manner. Investments in logistics and supply chains would potentially support wider product ranges, foster time savings and attract larger numbers of customers. A Better Way to Forecast. Material scarcity:? Talent gaps: ?

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

ThroughPut

APRIL 17, 2024

AI with its predictive capabilities is helping companies make more informed decisions, automate processes and optimize efficiency like never before. At the same time, the global supply chain is also growing into a more complex ecosystem. The predictive capabilities of AI is bringing greater accuracy to demand forecasting.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Optimal Sourcing 52

ThroughPut

MARCH 28, 2024

Food Production AI tools can drive advanced predictive analytics with precision forecasting for weather and crop yield predictions. Detection of nutritional constituents and allergens in food, optimizing routes and schedules of food delivery, and inventory management are some of the other ways AI is helping the food production industry.

Case Study 52

Case Study Optimal Sourcing Supply Chain Planning Software Food 52

Clear Spider

OCTOBER 10, 2023

In the fast-paced world of seasonal inventory, trend forecasting is crucial for success. Traditionally, companies built inventory management strategies around long-term forecasting and stable market conditions. If businesses are going to keep up, they’ll need to adopt new inventory management strategies.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Forecasting Software 52

QAD

MAY 24, 2023

Supply chain leaders need effective tools to share real-time information across networks of suppliers, customers, carriers, distributors, and government agencies. Develop Strong Internal Communication Between Supply Chain and Inventory Teams Risk mitigation is no small feat.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Optimal Sourcing 52

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. And the effect of inaccurate demand forecasting is felt across the supply chain. Inventory pile-ups.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Supply Chain Matters

JANUARY 3, 2024

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares samples of individual prediction snapshots that will be included in our Annual 2024 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month.

Predictive Analytics Software 59

Predictive Analytics Software Sourcing Strategies Manufacturing Procurement Supply Chain Strategy 59

crisp

MAY 16, 2023

The new collaboration between Crisp, Seek and Snowflake provides brands with insights to improve forecasting, track inventory, and expand distribution. For the first time, CPG brands will have the ability to leverage Seek analytics on top of Crisp’s extensive retailer data to significantly improve time-to-value and generate ROI.”

Analytics Software 52

Analytics Software Supply Chain Planning Software Forecasting Software Predictive Analytics Software 52

Enterra Insights

JUNE 1, 2021

Although every economic sector undergoes constant change, the retail sector has probably seen more changes in a shorter period of time than most other sectors. AI-based shelf monitoring solutions … can be used to ensure that shelves are replenished on time and the most basic OOS losses don’t take place.”

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Analytics Software Supply Chain Software 130

ThroughPut

JUNE 12, 2023

Forecasting has forever been at the heart of efficient supply chain operations – driving the much needed predictability to source raw materials, manufacture products and fulfill customer needs at the right time, right place and in the right quantity. Clearly, supply chain forecasting has become more complex.

Forecasting 52

Forecasting Sourcing Strategies Agile and Lean Supply Chain Cost Reduction Strategies 52

OptiProERP

JULY 19, 2023

This blog delves into how AI and ML are shaping the future of smart manufacturing. Demand Forecasting and Inventory Management Accurate demand forecasting is crucial for efficient production planning and inventory management.

Optimal Sourcing 52

Optimal Sourcing Predictive Analytics Software Optimization Software Forecasting Software 52

Enterra Insights

APRIL 13, 2023

The other side, call it Team Soft Landing, argued that the situation was very different this time.”[1] Correspondent Melissa Repko reports that it might take some time for retailers to figure out how consumers are going to behave over the coming months. Personal saving rates have fallen.

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

ThroughPut

SEPTEMBER 14, 2022

Transportation and logistics management in mid to large scale companies essentially translates into specific time driven outcomes – We are talking about the speed in decision-making, speed in reducing cycle-times, speed in operations, and speed in continuous improvement.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Forecasting Software Predictive Analytics Software 52

ThroughPut

MARCH 15, 2024

Every AI project starts with a problem – not a broad problem, like plain automation or augmentation, but a business problem. Are you losing money to inventory mismanagement? Are you losing sales opportunities to poor forecasting? For example, a mislabeled product category can lead to a 10% inefficiency in demand forecasting.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52