ToolsGroup

AUGUST 25, 2022

BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. for Global Supply Chain Inventory Optimization, 2022. Access the SPARK Matrix™.

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Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 222

ToolsGroup

OCTOBER 25, 2022

But behind the scenes, demand planners were at work, trying to strike a balance that would help them turn a profit and meet demand without being saddled with rotting pumpkins come November 1. Read on to learn about: Seasonal Inventory and Its Application Across Industries. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Logistics Viewpoints

JUNE 1, 2023

Retailers know firsthand how quickly the market can change. That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

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Manufacturing Procurement Inventory Reduction Material Savings Inventory 52

ToolsGroup

OCTOBER 3, 2022

Retail workers are at the heart of the economy, making the continued retail labor shortage a top challenge for retailers–one that appears here to stay. Get the real story on today’s retail worker shortage, as we break down: Retail Labor Shortage Statistics. The Need for Corporate Retail Talent.

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Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

ToolsGroup

MAY 15, 2024

Imagine a retail giant striving to meet surging online orders while grappling with unpredictable shipping delays caused by natural disasters. As people have started drinking less alcohol and preferences have turned towards craft breweries and distilleries, Absolut quickly shifted to meet this changed demand.

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Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Software 177

ToolsGroup

MAY 2, 2024

Boston, MA – May 2, 2024 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is thrilled to announce that it has been recognized as a Leader in seven separate G2 Spring 2024 reports. Book a meeting with our experts today!

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ToolsGroup Supply Chain Planning Software Supply and Demand Supply Chain Software 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

Supply Chain Shaman

JANUARY 25, 2024

My definition of a network is the bi-directional information exchange of manufacturing, procurement, quality, and transportation signals across multiple tiers of trading partners in a many-to-many trading partner information exchange with minimal latency. Electronic Data Interchange (EDI) does not meet this definition.

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Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 276

GlobalTranz

APRIL 27, 2018

Retailers are evolving, and supply chains must evolve with them. The application of omnichannel in manufacturing primarily focuses on the collaboration between suppliers, or vendors, and distributors. Manufacturers still using disjointed processes and operating in functional silos are unable to keep up with demand.

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Omnichannel Manufacturing Vendor Strategies Retail 123

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Shaman

FEBRUARY 1, 2024

Peeling Back the Lid on Supply Chain World Salad In this world, where board discussions focus on eliminating waste and meeting corporate social responsibility goals, supply chain teams respond with projects like end-to-end planning, control towers, and real-time decisions. A major retailer has 33 instances of Manhattan.

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Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 347

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.

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Material Savings Inventory Reduction Retail Supply Chain Planning Software 130

Logistics Viewpoints

DECEMBER 15, 2022

The retail industry is rich with data. Four Ways of Using Cluster Analysis in Retail. Retailers can apply cluster analysis techniques in different ways to find groups of customers, products, stores, or suppliers that behave similarly. There are different ways of doing store cluster analysis.

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Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

ToolsGroup

DECEMBER 16, 2021

And one thing’s for sure: Retail is not for the faint-hearted. Retailers face more competition than ever before due to the evolution of technology that has morphed the traditional shopping experience from being purely physical into the digital and omnichannel realm. Why does open-to-buy matter to retailers?

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Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

ToolsGroup

SEPTEMBER 26, 2023

Fabrizio Fantini, Founder and CEO of Evo commented, “Together with ToolsGroup, we can shape the vision for the supply chain of the future – one that powers smarter supply chain decisions for human managers through optimal price and inventory calculations. At Event Network, we aim to optimize the retail potential of experiential attractions.

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ToolsGroup Prescriptive Analytics Software Supply Chain Planning Software Modeling 296

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

MARCH 26, 2024

Unique Partnership Delivers an End-to-End Network Optimization Solution to Seamlessly Integrate Supply Chain Design, Manufacturing Footprint and Probabilistic Planning and Execution for Leading Building Materials Manufacturer. Two of Cornerstone Building Brands’ business units — Aperture Solutions – U.S.,

ToolsGroup 156

ToolsGroup Network Design Software Supply Chain Design Software Supply Chain Planning Software 156

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. increase in sell-through, alongside improved inventory efficiency, contributing to a €4.2 Curious to learn more about ToolsGroup’s retail planning solutions?

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Italy ToolsGroup Inventory Reduction Price Reduction 156

Logistics Viewpoints

JANUARY 18, 2022

Here are the challenges retailers may face in their supply chain operations in 2022 and some tips for overcoming them. Insufficient materials to meet customer demand. In addition, there are disruptions in the manufacturing of parts and supplies of raw materials. Changing trends in lifestyle and impacts on fashion retail.

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Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 255

Logility

AUGUST 17, 2021

Managing consumer packaged goods inventory is challenging at the best of times, and it can be debilitating during times of local or international disruption. An advanced inventory planning and optimization solution allows these companies to set and maintain precise stock targets across a global network.

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Modeling Inventory Reduction Supply Chain Optimization Packaging 130

Logistics Viewpoints

JANUARY 22, 2024

The UFLPA prohibits goods mined, produced, or manufactured wholly or in part in Xinjiang from entering the U.S. But electronics; industrial and manufactured; and apparel, footwear, and textiles make up the bulk of products detained. This meant that retailers were not maximizing their profitability.

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Supply Chain Optimization Modeling Supply Chain Software Optimization Software 233

Enterra Insights

APRIL 13, 2023

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. ”[2] Nevertheless, she observes, “Retailers are more on edge.” She reports, “Retailers like Best Buy, Party City, Walmart and Wayfair announced layoffs in 2022.

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Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

SCMDOJO

DECEMBER 28, 2023

In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. The digital retail revolution can help in this area by digitizing all processes of receipt and tracking of goods. This, in turn, leads to increased sales and customer loyalty.

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Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Demand Planning Software 75

ToolsGroup

JULY 19, 2023

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. In short, they help users make better decisions, much faster, resulting in improved financial performance, inventory efficiency, and customer satisfaction. Get the insights you need.

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

Unleashed

APRIL 1, 2024

Effective perishable goods inventory management will save your organisation money by minimising inventory waste and reducing your carrying costs. This guide explores all you need to know about perishable goods inventory. Perishable goods, also known as perishable goods inventory, are products that expire or degrade over time.

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Inventory Management Software Inventory Management Inventory Reduction Inventory 52

ToolsGroup

APRIL 18, 2024

Dominik Wee, Corporate Vice President, Manufacturing and Mobility at Microsoft added, “Microsoft AI capabilities provide ToolsGroup access to powerful language models, effortlessly tailored to specific tasks. Find out more about ToolsGroup’s solutions for manufacturing here. Book a meeting with our experts.

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ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

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Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 80

ToolsGroup

JANUARY 7, 2020

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.

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Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

DELMIA Quintiq

SEPTEMBER 28, 2023

This is where inventory meets the supply chain. With DELMIA, Consumer Packaged goods – Retail (CPG-R) companies can improve their global and local supply chains’ visibility, synchronization, and flexibility. How do you keep food plenty and mugs full?

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Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Optimization 333

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. With all of the changes in the retail environment and the continued shift away from conventional technologies, cognitive computing in retail is becoming increasingly important.”[1]

Supply Chain Design Software 130

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

ToolsGroup

JANUARY 11, 2024

The Nordic fashion retailer employs ToolsGroup’s innovative JustEnough® retail planning solution for enhanced business performance and accelerated growth. Kappahl is a leading retail chain across Northern Europe. Kappahl selected ToolsGroup’s JustEnough Dynamic Retail Planning & Execution suite.

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ToolsGroup Sweden Supply Chain Planning Software Finland 156

Unleashed

JULY 12, 2023

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

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Inventory Reduction Examples Inventory Material Savings 52

ToolsGroup

APRIL 18, 2023

Embracing recent growth opportunities, the company has opened up new sales channels, widening its network to include larger markets and major retail chains. This way, regardless of how quickly its delicious snacks are flying off the shelves, RISI can meet demand with fast, accurate planning decisions that support its growing market share. “As

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ToolsGroup Supply Chain Planning Software Supply Chain Software Supply Chain Network Software 156

SYSPRO Smarter ERP

FEBRUARY 17, 2022

The food and beverage industry is the most important player in South Africa’s manufacturing industry, contributing approximately R85 billion a year to South Africa’s manufacturing sector. The post Traceability for manufacturers today appeared first on SYSPRO Blog. Traceability and product recalls. Download Now.

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Manufacturing Procurement South Africa Manufacturing Beverage 105

ShipBob

JUNE 18, 2023

If you start out a quarter with more inventory than when you started the previous quarter, is it a good thing or a bad thing? Or, it’s an indication that you have more inventory than you can sell. If you start out with less inventory than the period prior, it could mean you sold a lot of your stock — congratulations!

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Inventory Purchasing Skills Manufacturing Procurement How To 98

ToolsGroup

JULY 12, 2023

Retailers can now supercharge their OMS with Dynamic Fulfillment’s advanced optimization logic that reduces markdowns and shipping costs, improves margins, and satisfies customer SLAs. By integrating Dynamic Fulfillment into their existing order management systems, retailers realize benefits immediately upon adoption.

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Optimal Sourcing ToolsGroup Real-time Visibility Optimization Software 156