Stord

APRIL 24, 2024

From improved customer experience to greater inventory planning and forecasting, AI promises to make all of our lives easier and reduce those all-too-common supply chain headaches. Additionally, this technology will make demand planning & forecasting more accurate. This is the "true magic" of great forecasting!

Supply Chain Planning Software 88

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Predictive Analytics Software 88

Logistics Viewpoints

APRIL 11, 2024

But the very attractiveness of this treatment to patients has meant that demand far exceeds supply, prompting drug shortages and commentary in the annual reports of their makers. I’ll describe three of the top areas: seamless collaboration, improved forecast accuracy embedded in the supply chain workflow, and disruption response.

Pharmaceutical 231

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Agile and Lean Supply Chain 231

Supply Chain Shaman

JANUARY 2, 2024

The time gave me a good time to reflect and finish the reports that I should have completed in the summer when I recovered from Uterine Cancer. Writing and Reflection Completing the edits on the two reports that are publishing soon, felt good. The reports took me two months to write. Today, I wish good health for each of you.

Gartner 275

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 275

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. The software never expanded in scope to manage multi-tier inventories. Instead, the focus was on error assuming that items at a location level (SKU) were forecastable. Old habits die hard.) The reason?

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

Logility

MARCH 21, 2024

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

ToolsGroup

JULY 6, 2023

FeaturedCustomers 2023 Market Leader in Demand Forecasting Software MAY 2023 – FeaturedCustomers has named ToolsGroup a Market Leader in the Demand Forecasting Software category in its Spring 2023 Customer Success Report. The full report, along with ToolsGroup’s profile, is available for you to download here.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

ToolsGroup

JULY 28, 2023

The vendors included in this report all met the criteria of earning 60% or more of their 2021 revenue from midmarket enterprises with 100 to 999 employees or $50 million to $3 billion in revenue.” ToolsGroup’s continued focus on customers has driven technological innovations that make its solutions invaluable to midmarket companies.

Gartner 290

Gartner Supply Chain Planning Software ToolsGroup Vendor Strategies 290

ToolsGroup

JULY 27, 2021

No forecast can predict the future with absolute certainty. For uncertain demand environments, probabilistic forecasting is the most reliable forecasting method because it takes inaccuracy and uncertainty into account. Sense Consumer Demand to Fine-Tune Forecasts. Make Sure Your Inventory is Healthy.

Agile and Lean Supply Chain 290

Agile and Lean Supply Chain Supply and Demand Supply Chain Planning Software Gartner 290

Logistics Viewpoints

APRIL 24, 2024

Available to sell is the on-hand inventory minus any promised inventory. Available to promise is a reserve against incoming inventory. This intersection ensures that a company does not oversell its inventory, putting on-time delivery and customer satisfaction at risk.

Course 225

Course Supply Chain Planning Software Predictive Analytics Software Optimization Software 225

Logistics Viewpoints

JUNE 29, 2023

A recent report says that more than 77% of companies said, in a survey, that they are investing in deeper and more collaborative supplier relationships to improve resilience and agility. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supply chains have been significantly impacted.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

ToolsGroup

NOVEMBER 13, 2023

BOSTON and LONDON – November 14, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named the technology leader in the SPARK Matrix™ analysis of Retail Forecasting and Replenishment (RF&F) by Quadrant Knowledge Solutions (QKS).

Forecasting 156

Forecasting ToolsGroup Forecasting Software Supply Chain Planning Software 156

ToolsGroup

APRIL 26, 2023

It also fully integrates JustEnough with the Inventory Hub® Dynamic Data Unification Platform. These product enhancements link perpetual inventory signals to critical merchandise planning modules. Stock-to-Service Curves that add the ToolsGroup SO99+ industry-leading stock-mix optimization capabilities to JustEnough retail forecasting.

Supply Chain Planning Software 156

Supply Chain Planning Software ToolsGroup Supply Chain Design Software Forecasting Software 156

ToolsGroup

JUNE 15, 2023

We learned about our new world of VUCA – Volatility, Uncertainty, Complexity, Ambiguity That deterministic plans are very traditional and rely on trying to improve the demand forecast and create a plan for the perfect world. With more visibility and predictive forecasting. Probabilistic forecasting continues gaining momentum.

Gartner 293

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 293

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. The survey report: How Retailers Win Customer Loyalty in an Omnichannel World tracks the change in U.S. Across other retail sectors, customers have increased their trust in inventory availability from 1-7%.

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

Supply Chain Shaman

SEPTEMBER 13, 2023

Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth?

Supply and Demand 370

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 370

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 357

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 357

ToolsGroup

JULY 5, 2023

With the release of v8.61, ToolsGroup enhances transparency and accuracy while increasing the power of SO99’s forecasting engine with expanded capabilities that now deliver: Automated New Product Introduction (NPI) Suggestions which automatically identify anomalies within NPI forecasts and recommend scenarios to most effectively address them.

ToolsGroup 156

ToolsGroup Optimal Sourcing Waste Reduction Inventory Reduction 156

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

ToolsGroup

AUGUST 8, 2023

Combining River Logic’s advanced supply chain design and production capabilities with ToolsGroup’s award-winning demand planning, inventory optimization, and supply planning capabilities, customers can now benefit from a more comprehensive supply chain planning solution.

Supply Chain Planning Software 156

Supply Chain Planning Software ToolsGroup Modeling Supply Chain Design Software 156

Logility

MAY 26, 2022

25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. Effective, strategic demand planning is essential, and that requires implementation of the right supply chain platform with real-time data, reporting, and event automation. Then, there’s the issue of surplus inventory.

Demand Planning Software 173

Demand Planning Software Supply and Demand Modeling Supply Chain Planning Software 173

ToolsGroup

JULY 12, 2023

Dynamic Fulfillment leverages real-time inventory, demand, and operational signals captured by ToolsGroup’s unique dynamic data unification platform, which provides a digital supply chain twin for optimal sourcing decisions. Built-in automation cuts the planning workload by up to 90% and helps companies reduce waste by 10-30%.

Optimal Sourcing 156

Optimal Sourcing ToolsGroup Real-time Visibility Optimization Software 156

ToolsGroup

FEBRUARY 28, 2023

of ToolsGroup’s award-winning software elevates forecasting and new product launch capabilities and deepens machine learning and AI utilization. ToolsGroup SO99+ improved the accuracy of our forecasts for slower moving items by 5-10%,” said Sarah Voorhees, Vice President of Demand and Inventory Planning at American Tire Distributors.

Supply and Demand 156

Supply and Demand Modeling ToolsGroup Demand Planning 156

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting?

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

ToolsGroup

MAY 2, 2023

FeaturedCustomers evaluated all the potential Demand Forecasting Software companies on its platform for possible inclusion in the Customer Success Report. Only 15 companies met the criteria needed to be included in the Spring 2023 Demand Forecasting Software Customer Success Report.

ToolsGroup 156

ToolsGroup Forecasting Software Supply Chain Design Software Supply Chain Planning Software 156

ToolsGroup

APRIL 4, 2023

By land, by air, by sea – transit organizations know the competition is fierce for retaining customer loyalty, requiring inventory management strategies that balance consumer needs with sustainability initiatives and business goals. These companies understand that one bad experience could jeopardize future sales.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

ToolsGroup

JANUARY 9, 2024

The company was named a technology leader in Intelligent Retail Pricing & Promotion Optimization and Global Supply Chain Inventory Optimization. It also achieved the primary leadership position in the Retail Forecasting and Replenishment matrix. Download the SPARK Matrix for Retail Forecasting and Replenishment report HERE.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Retail Optimization Software 156

Logistics Viewpoints

FEBRUARY 10, 2023

This is one case where I search not for the truth, but for the answer I seek (Afterall, Major League Baseball pitchers and catchers report to Spring Training next week). G, the official groundhog of Massachusetts made her 16 th annual Groundhog Day forecast at Drumlin Farm in Lincoln, MA. Well, I refuse to accept his prognostication.

Logistics Network Optimization Software 205

Logistics Network Optimization Software Inventory Reduction Cost Reduction Strategies Price Reduction 205

SYSPRO Smarter ERP

APRIL 22, 2024

You lack visibility into your finances Inventory management is challenging and you either find yourself running out of material or overstocking your supplies, tying up cash. Does this sound familiar: “How can we have so much inventory in the warehouse and yet we never have the right materials for production?”

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Supply Chain Planning Software Optimization Software 105

BlueYonder

APRIL 18, 2024

Demand forecasts need to be accurate to ensure profitability — even in the face of unprecedented volatility. Consumers need real-time visibility to inventory. On Retailers’ Wish Lists: More Accurate Inventory Planning By adopting more advanced technology, what key capabilities are retailers focusing on?

Supply Chain Planning Software 85

Supply Chain Planning Software Forecasting Software Modeling Software Demand Planning Software 85

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

ToolsGroup

DECEMBER 11, 2023

ToolsGroup’s AI-driven engine analyzes complex data at granular levels such as the combination of customer, product, location, and price point, in real-time to generate accurate demand forecasts and provide optimal price recommendations to retailers that maximize revenue. Download the SPARK Matrix report HERE.

ToolsGroup 156

ToolsGroup Price Reduction Optimization Software Modeling 156

ToolsGroup

MARCH 3, 2022

Despite knowing all this, too many retailers ignore the impact of weather and this adds error to plans and demand forecasts. And even though meteorology has come a long way, weather is a notoriously fickle and uncontrollable factor, and no forecaster can reliably predict it beyond the next few weeks. It all evens out in the end.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Logility

NOVEMBER 28, 2023

The transformation of planning, sensing, and forecasting A key area in the S&OP process where AI is particularly transformative is demand. By moving beyond conventional, backward-looking methods, planning can forecast demand and inventory at the speed of the market. AI can help with that.”

S&OP 130

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 130

Logility

FEBRUARY 8, 2024

This method surpasses traditional forecasting by offering a dynamic, real-time view of market conditions. Utilizing AI, demand sensing processes data such as daily customer orders and shipments, resulting in agile and accurate forecasts that keep pace with market changes.

Supply and Demand 130

Supply and Demand Supply Chain Planning Software Supply Chain Design Software Modeling 130

Enterra Insights

OCTOBER 3, 2022

As we all know, supply chain snarls disrupted last year’s holiday shopping season — with some inventory arriving well after the holidays ended. As a result, some retailers faced a glut of inventory. They report, “Retailers and customers are not feeling joyful after a year of supply chain backlogs and higher costs.”[1]

Material Savings 130

Material Savings Inventory Reduction Retail Supply Chain Planning Software 130