ToolsGroup

JULY 13, 2023

Being expected to evaluate every possible option at the time an order is placed in order to find the highest margin, lowest cost option can often feel absolutely overwhelming. By interfacing with existing order management systems, Dynamic Fulfillment empowers retailers to see results faster and deliver business benefits immediately.

Optimal Sourcing 291

Optimal Sourcing ToolsGroup Optimization Software Network Optimization 291

ToolsGroup

NOVEMBER 7, 2023

retailers increase efficiency with even more powerful processing and time-saving automation. This is just the latest of the company’s significant strides towards making supply chains a force for good by helping organizations lower inventory, ensure product availability, and improve customer satisfaction across channels. “As

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

Logistics Viewpoints

NOVEMBER 20, 2023

As ecommerce grew at double digit rates, while in store sales grew at less than the rate of inflation, retailers were looking for a way to turn their stores into a competitive weapon. These new order fulfillment paths allowed retailers to rapidly grow sales. First, the rules used to enable an OOM system can be staggeringly complex.

Omnichannel 226

Omnichannel Retail Cost Reduction Strategies Expense Reduction 226

BlueYonder

DECEMBER 8, 2023

There are patterns to speak of but, increasingly, they’re tricky to spot as they pop up and fade, almost in real-time, across a complex array of purchase preferences and channel combinations. Despite all the complexity in predicting the season, there are clear clues for how to tactically leverage inventory placement.

Retail 82

Retail Supply and Demand Inventory Demand Planning Software 82

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Enterra Insights

JUNE 21, 2022

Inflation is starting to impact the retail sector in significant ways. Some experts believe artificial intelligence (AI) capabilities will help retailers find their way through these volatile times. ”[1] According to Kestenbaum, some retailers don’t understand AI’s importance to their success.

Retail 182

Retail Supply Chain Design Software Analytics Software Optimization Software 182

Logistics Viewpoints

JUNE 8, 2021

The gig economy and its on-demand armies of drivers have moved people and food for years, but many retailers still hesitate to tap into Uber, Postmates and other companies to quickly move orders from stores to local customers’ doorsteps. Gig economy fulfillment setting retailers apart.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Network Software Retail Logistics Network Optimization Software 278

Logistics Viewpoints

AUGUST 9, 2022

Some of the world’s biggest retailers and their partners are once again feeling the sting of “ the bullwhip effect ” – a term of art amongst supply chain professionals that describes how changes in demand at the retail level can reverberate and amplify issues throughout the supply chain. Complete visibility into inventory.

Inventory Management Software 224

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 224

ToolsGroup

APRIL 26, 2023

Retail customers need more than just an omnichannel experience. They need retailers to deliver dynamic, unified commerce experience. To guarantee customer-centric experiences across every retail channel, retailers need to create agile, resilient operations to adapt to changing consumer behaviors.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

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. Tech writer Chris Stokel-Walker ( @stokel ) explains, “Retailers bamboozled by the pandemic now find themselves staring at mountains of unwanted stock.”[3] Target Corp.

Inventory Reduction 130

Inventory Reduction Inventory Prescriptive Analytics Software Inventory Management Software 130

ToolsGroup

MAY 2, 2023

April 26-27, the Retail Technology Show brought together Europe’s most forward-thinking retailers and leading innovators, welcoming 47 of the Top 50 UK retailers and brands to discuss the latest ideas, technological advancements, and retail solutions.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Network Software Inventory Reduction Demand Planning Software 156

ToolsGroup

OCTOBER 3, 2023

Retailers have a lot to juggle, looking to combine cost-efficiency with elevated consumer satisfaction so they can remain competitive in the current retail marketplace. The good news is retail fulfillment offers enormous opportunities for improved margins, greater efficiency, and happier customers. Let’s dive in!

Optimal Sourcing 156

Optimal Sourcing Optimization Software Network Optimization Price Mitigation Strategies 156

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

ToolsGroup

AUGUST 12, 2022

In a world where customer expectations are higher (some food delivery services actually put the groceries right into your fridge), and where customers select retailers based on products being in stock and reliability of delivery, optimizing the customer experience is a must to stay on top. . What is the Omnichannel Retail Experience?

Omnichannel 156

Omnichannel Optimal Sourcing Supply Chain Planning Software Inventory Reduction 156

Logistics Viewpoints

FEBRUARY 23, 2024

Particularly affected are routes from Asia to Germany, experiencing a remarkable 55% increase in transit times, resulting in an average delay of 12 days. These disruptions significantly impact just-in-time inventory systems and cause substantial upheaval in the supply chain schedules of numerous organizations.

Supply Chain Planning Software 249

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 249

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. Take airlines as an example.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

ToolsGroup

SEPTEMBER 26, 2023

The integration of Evo’s responsive AI solutions with ToolsGroup Service Optimizer 99+ (SO99+) and JustEnough® solutions will offer customers the most efficient, real-time supply chain and price optimization solution available. At Event Network, we aim to optimize the retail potential of experiential attractions.

ToolsGroup 296

ToolsGroup Prescriptive Analytics Software Supply Chain Planning Software Modeling 296

Logility

JANUARY 12, 2024

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. AI-first forecasting is crucial in achieving this efficiency—transforming the retail planning landscape and driving financial success in the apparel market.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

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.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

Logility

MAY 25, 2023

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. This is where inventory control techniques come in.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

Logistics Viewpoints

FEBRUARY 1, 2021

A101 is the fifth fastest growing retail company in the world. A101 is the largest retailer in Turkey with over 10,000 company owned stores and 48 regional distribution centers and one E-commerce fulfillment center. The Solvoyo solution is not just a forecasting and replenishment solution. How fast has A101 grown? Mr. Cerito?lu

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Retail 246

ToolsGroup

FEBRUARY 7, 2022

The wonderful world of retail. The Retail Trends Shaping How We Shop in 2022. From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop. My credit card statement will also attest to this fact).

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

ToolsGroup

MARCH 28, 2024

Additionally, we are thrilled to highlight the presence of one of our top retail customers in Italy, Scarpe&Scarpe, who will share their success story. Within just two months of adopting ToolsGroup’s AI-driven solution, PittaRosso experienced a remarkable +14.3% million boost in the overall margin.

Italy 156

Italy ToolsGroup Inventory Reduction Price Reduction 156

Enterra Insights

JANUARY 6, 2022

In the years leading up to the Covid-19 pandemic, the most discussed topic in the retail sector was the Retail Apocalypse. A combination of the rise of e-commerce, overbuilding of stores, and too much debt-load resulted in thousands of physical retail locations going out of business. ”[2] Back then, he saw a mixed picture.

Optimal Sourcing 173

Optimal Sourcing Retail Optimization Software Analytics Software 173

BlueYonder

SEPTEMBER 7, 2023

Having started my retail career at the age of 17, I speak from experience when I say…retail is a hard business! In my 30+ years working in retail I often said, “Retail, you’ve got to love it…especially if you are going to make a career of it.” The group said retailers on average saw a 26.5% billion from 2020.

Retail 109

Retail Inventory Reduction Real-time Visibility Supply Chain Design Software 109

ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. What do you predict will be different for retailers in 2021? Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

BlueYonder

MARCH 11, 2024

In our exploration of end-to-end retail integration, we’ve laid out a sensible grocery retail roadmap for getting there, what it looks like in other verticals when done right, and errors to avoid when making the transition. And not just any kind. The one common thread here has, of course, been automation.

Supply Chain Planning Software 78

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Retail 78

Cathy Roberson

SEPTEMBER 7, 2021

Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory.

Inventory Reduction 92

Inventory Reduction Inventory Sourcing Strategies Retail 92

Enterra Insights

JANUARY 9, 2023

At the same time, high consumer demand could enflame inflationary fears. This is the conundrum faced by retailers as they enter the new year. Inflation, recession, and changing consumer behavior aren’t the only business environment changes confronting retailers. 2023 Retail Trends. ”[1]. Or vice versa.

Trends 130

Trends Retail Predictive Analytics Software Omnichannel 130

Enterra Insights

AUGUST 23, 2022

Just when brick-and-mortar retailers thought the so-called “retail apocalypse” was ending, supply chain woes and rising inflation reined in their optimism. ”[2] In other words, physical retailers can’t return to business as usual. What Does a Retail Reset Entail? ”[3]. They must reset.

Retail 130

Retail Supply Chain Planning Software Predictive Analytics Software Price Reduction 130

Enterra Insights

AUGUST 23, 2022

Just when brick-and-mortar retailers thought the so-called “retail apocalypse” was ending, supply chain woes and rising inflation reined in their optimism. ”[2] In other words, physical retailers can’t return to business as usual. What Does a Retail Reset Entail? ”[3]. They must reset.

Retail 130

Retail Supply Chain Planning Software Predictive Analytics Software Price Reduction 130

BlueYonder

MARCH 4, 2024

Ability to scale remains the keystone to holding together retail’s effort to transition its architecture for the modern era that pits cost against customer expectations. The retailers modernizing toward that end-to-end integration will be those best aligned with that new paradigm. What Is End-to-End Retail Integration?

Optimal Sourcing 77

Optimal Sourcing Retail Inventory Reduction Real-time Visibility 77

Enterra Insights

MAY 9, 2022

Ready or not, retailers were shoved into the omnichannel world thanks to pandemic lockdowns beginning early in 2020. This created a new retail landscape — on both the consumer and supplier side. But it is just that, an acceleration of an existing trend due to e-retailers’ ability to trade during lockdown. ”[3].

Omnichannel 130

Omnichannel Retail Purchasing Skills Inventory Reduction 130

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. ”[1] He asks, “So where does that leave us?”

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

Enterra Insights

JUNE 25, 2019

Retail Shrinkage is a serious retail challenge, especially when its causes can’t be accurately determined. For the last few years, inventory shrinkage has annually cost U.S. retailers just under $50 billion combined. ” Regardless of how inventory is lost, shrinkage costs retailers a lot of money. .”

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Inventory Vendor Strategies 100

Enterra Insights

OCTOBER 3, 2022

With just over four score days to go before Christmas, retailers, marketers, supply chain professionals, and consumers are all wondering how this holiday season is going to unfold. As we all know, supply chain snarls disrupted last year’s holiday shopping season — with some inventory arriving well after the holidays ended.

Material Savings 130

Material Savings Inventory Reduction Retail Supply Chain Planning Software 130