ToolsGroup

MARCH 8, 2023

There’s more we can do to level it, not just for the sake of women, but for the sake of everyone. Over time, connections made and nurtured helped women collectively and individually find the formula that would change the dynamics. Today, I smile quietly to myself when I walk into a meeting and the ratio is more balanced.

ToolsGroup 156

ToolsGroup Supply Chain Network Software Just-in-Time North America 156

ToolsGroup

JUNE 14, 2022

Coming out of the breakouts felt a little like exiting a nightclub at closing time, and the healthy keynote session attendance and lively expo hall felt almost like old times. It’s time to stop coping and adopt an “offset strategy”. Eighty-three percent of the workforce feel overwhelmed. Unlock your free report ?.

Gartner 156

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 156

ToolsGroup

APRIL 27, 2022

‘Blorft’ is an adjective I just made up that means ‘Completely overwhelmed but proceeding as if everything is fine and reacting to the stress with the torpor of a possum.’ Workplace stress is nothing new. Perhaps Tina Fey put it best in her wonderfully witty way, saying “I was a little excited but mostly blorft.

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

ToolsGroup

DECEMBER 20, 2021

As a result of COVID, this year has seen the “normal peak” shift by at least two months (as demonstrated in the graph below) due to numerous delays in getting raw materials, production taking time to ramp back up, a lack of containers at origin, and lack of space to put them at their destination. . Image source: Bloomberg.

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

ToolsGroup

NOVEMBER 7, 2023

They had some real gems of advice, not just for growing companies, but for change management initiatives across enterprises and industries. Julia came to the team just before starting this process. We’re grateful to them for sharing their insights and excited to bring them to a wider audience! And we can assure those efforts paid off.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimization Software Demand Planning Software Supply Chain Software 156

ToolsGroup

MAY 17, 2022

We’re inching toward the time of year when sweltering heat can only be quenched by one experience–a dunk in a cool, crisp, clean swimming pool. That’s a 46% increase in just a few months. Apparently, customers purchased the same product for just $70 back in 2020. Temperatures are rising and people are getting sweaty.

Purchasing Skills 367

Purchasing Skills Louisiana Manufacturing Procurement Las Vegas 367

ToolsGroup

DECEMBER 10, 2023

This time of year, a lot of AI companies come out with articles explaining how Santa has used their tools to save Christmas or get his presents to good little girls and boys faster. But what about us mere magic-free mortals, how do we get packages where they need to go on time? It’s fun to read, but obviously silly.

Modeling 156

Modeling Supply Chain Optimization Optimization Modeling Optimization Software 156

ToolsGroup

FEBRUARY 7, 2021

Let’s say, the fashion industry, who just sell from stores, couldn’t get rid of probably their stock at all. Check out the video below. Or listen and follow on Spotify. Transcript. This podcast was designed for video or audio enjoyment. What do you predict will be different for retailers in 2021?

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

ToolsGroup

SEPTEMBER 8, 2021

Severe supplier delays and material shortages have been felt on both the consumer and industry level – just ask any teenager still trying to get their hands on a PlayStation 5. Most supply chains just aren’t built to deal with uncertainty, whether from a once-in-a-generation global catastrophe or a run-of-the-mill material shortfall.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Forecasting 156

ToolsGroup

OCTOBER 10, 2023

Unlike traditional methods, Dynamic Fulfillment uses a cost-based approach, meaning that it doesn’t just apply a set of rules, one after another, until you narrow down your fulfillment choices. Welcome back to Dynamic Fulfillment 101! Class is in session. What Is the Cost-Based Approach? It looks at the capacity of each location (i.e.,

Purchasing Skills 156

Purchasing Skills Network Optimization Supply Chain Optimization Price Mitigation Strategies 156

ToolsGroup

OCTOBER 14, 2020

Being able to see all their inventory by warehouse, location and item, in near real time, has really helped them manage this. What are your customers experiencing this year in the wake of COVID-19? For some businesses, demand is soaring. For others, demand has fallen off almost completely.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 296

ToolsGroup

DECEMBER 5, 2023

If your eyes are glazing over just thinking about AI policy , you’re not alone. Over the final quarter of 2020, Evo was a part of a team of leading AI companies in Europe brought together by Facebook that dedicated itself to developing a data-driven framework to manage AI risk while encouraging innovation and growth.

Innovation 156

Innovation Policies Modeling Software Government 156

ToolsGroup

APRIL 20, 2022

The dreaded labor shortage. Whatever industry you’re in, you’re probably facing a swell of attrition, as 41% of the global workforce considers quitting. That thought keeping you up at night? Wondering what you can do about it? I’ve got you covered. 1: Overcome the Labor Shortage by Defining Your Company. Publicize your corporate culture and values.

Sourcing Strategies 194

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194

ToolsGroup

JULY 6, 2023

For on-orders that need to be expedited and have multiple transport options available, the system can suggest the best overall option to ensure that the products will be delivered on-time, based on a number of pre-set factors. GranTerre has been a ToolsGroup customer for many years, and we value their commitment to innovation.

ToolsGroup 276

ToolsGroup Modeling Forecasting Supply Chain Planning Software 276

ToolsGroup

FEBRUARY 2, 2022

I call this the ‘long COVID of supply chain’ and we won’t be out of the woods for a long time. For the first time in history, supply chain disruptions are directly responsible for some pretty harrowing inflation figures around the world. Image source: New York Times. One that isn’t climate change. Get your Free Playbook ?

Supply Chain Planning Software 177

Supply Chain Planning Software Forecasting Software Forecasting Optimization Software 177

ToolsGroup

NOVEMBER 30, 2020

Remember 12 months ago, when we were all merrily celebrating Thanksgiving and starting our Christmas shopping, blissfully unaware of what was awaiting us just around the corner in 2020? It’s time for supply chain leaders like you to take bold action to improve your supply chain software evaluation process.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Forecasting Software 156

ToolsGroup

AUGUST 27, 2021

These are part of the everyday for most demand planners, and while they are much less severe than macro events, they can have a significant effect over time. Managing supply chain risk is, unfortunately, not something that you can just turn on and fix all your problems at once. Do you want to buy a Playstation 5? Get in line.

Supply Chain Risk Management 156

Supply Chain Risk Management Risk Management Agile and Lean Supply Chain Supply Chain Planning Software 156

ToolsGroup

DECEMBER 16, 2021

We have all, at one point or another, experienced feelings of satisfaction and excitement of getting a bargain, and coupon websites like RetailMeNot make it easier than ever to find the best promotions, in just a few clicks. After all, why pay full price when you can purchase the exact same item for less?

Retail 194

Retail Purchasing Skills Procurement Solutions Procurement Analytics 194

ToolsGroup

MARCH 7, 2023

This is just the latest of the company’s significant strides towards making supply chains a force for good by helping organizations guarantee service, reduce excess stock, and increase profits. Version 8.60 Business leaders today are looking for new ways to improve the resilience and agility of their supply chains.

Optimal Sourcing 156

Optimal Sourcing ToolsGroup Supply Chain Planning Software Scenario Planning 156

ToolsGroup

FEBRUARY 19, 2020

It just gets simpler every year!”. Here are just a few ways demand sensing companies are turning insights into action: Reduce demand latency when there’s a distributor/retailer between you and your customer. Win time” with earlier demand insights so you can better input supply signals. “Good old supply chain.

Supply and Demand 218

Supply and Demand Modeling Demand Planning Software Optimal Sourcing 218

ToolsGroup

JUNE 27, 2022

Vertical integration is like getting bangs. Some people can really pull them off. Some people can’t. In this article, we’ll break down what vertical integration is, its benefits and disadvantages, its application in supply chain, and the factors to consider when deciding whether it’s the correct strategy for your company.

Price Reduction 156

Price Reduction Cost Reduction Strategies Material Savings Supply Chain Planning Software 156

ToolsGroup

AUGUST 8, 2019

AI, combined with advanced analytics, will enable supply chain planners to make more forward-looking, strategic decisions and spend less time on reactive problem solving.” Over time, as the system gets smarter, planners can take a more hands-free approach and just deal with exceptions. Is there a better way? .

Negotiating Skills 185

Negotiating Skills Supply Chain Planning Software Supply Chain Software Modeling 185

ToolsGroup

NOVEMBER 30, 2020

At the same time, its board raised targets for first-time availability (FTA) by 2%, without increasing inventory. Planning solution fully operational in just 30 days. Read this infographic to learn how they do it. Reduced inventory value of safety stock on clustered items by 18%. Immediately improved FTA service levels to 97.1%.

ToolsGroup 156

ToolsGroup Inventory Reduction Price Reduction Manufacturing 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. Whether it’s something psychological (is it just me, or does pulling out the laptop feel like “work”?) The Retail Trends Shaping How We Shop in 2022. Ah, the joy of shopping.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

ToolsGroup

APRIL 3, 2020

Increased replenishment frequency in smaller quantities can smooth out the flow, as can just-in-time ordering, integrated multi-level supply chain optimization and–in an ideal world–orchestrated demand signal sharing between retailers, distributors and manufacturers. There are a few solutions to this phenomenon.

Supply Chain Planning Software 194

Supply Chain Planning Software Supply Chain Strategy Supply and Demand Supply Chain Planning 194

ToolsGroup

JUNE 23, 2021

Welcome to 3 Minutes in the Loop, the bite-sized video series where you can stock up on the latest supply chain insights, strategies, and news in the time it takes to get your caffeine fix. David Barton: We’re in a time of focus on digital transformation, right? Check out the video below. Transcript. Mary Vasile: Hi, everyone.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Negotiating Skills 156

ToolsGroup

APRIL 3, 2023

Powered by Shopify, TikTok provides retailers the ability to connect with customers, enabling consumers to make purchases any place, any time, even when they are not typically or actively “shopping.” Our team was delighted to see the positive energy and enthusiasm permeating the whole event. There was a lot to take in.

Inventory Reduction 156

Inventory Reduction Price Reduction Supply Chain Planning Software Forecasting Software 156

ToolsGroup

MARCH 25, 2020

The coronavirus’ supply chain and business impacts are being felt around the world and in our backyards: this strange time is slamming markets, causing confusion and changing patterns of normality. – Andy Grove, former global CEO of Intel Some interesting companies launched or had great growth in recession times.

Supply Chain Planning Software 168

Supply Chain Planning Software Optimal Sourcing Gartner Optimization Software 168

ToolsGroup

SEPTEMBER 22, 2020

Have you noticed how the clock speed of just about everything has sped up considerably in just a few years? Supply chain practitioners know trends like product line proliferation, shorter product life cycles, increased complexity, massive amounts of data and ever more demanding and unpredictable customers are accelerating.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

ToolsGroup

FEBRUARY 23, 2021

If my time in supply chain planning has taught me anything, it is that most companies are carrying far more inventory than they actually need to meet their service level targets. They face significant demand variability and optimizing inventory for the right time is challenging. Anyone can come up with a plan. Simple right?

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Modeling Optimization Software 156

ToolsGroup

JULY 8, 2020

The original model they developed needed to be adapted several times during the implementation, but they didn’t blink—just got on with it.” ” – Supply Chain Manager, Multinational Coffee Bar Company. We’ve got the know-how to help your team succeed.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Modeling Software Modeling 156

ToolsGroup

JUNE 11, 2020

Using the data from the digital twin, SKF’s deployment of ToolsGroup’s Service Optimizer 99+ planning software automatically calculates each item’s external demand forecast and factors in lead times and actual stock levels throughout the supply network. SKF challenged by legacy supply chain planning processes.

Gartner 248

Gartner Supply Chain Planning Software Supply Chain Software Optimization Software 248

ToolsGroup

JULY 11, 2019

Point to remember #1: Average forecasting just isn’t good enough for today’s complex supply chains. . At the global level, two people manage the project–one dedicating 50 percent and the other 70 percent of their time. No one actually thought it would be possible to manage this complexity with just two people.”.

Supply Chain Planning Software 223

Supply Chain Planning Software Optimal Sourcing Forecasting Software Optimization Software 223

ToolsGroup

AUGUST 8, 2019

AI, combined with advanced analytics, will enable supply chain planners to make more forward-looking, strategic decisions and spend less time on reactive problem solving.” Over time, as the system gets smarter, planners can take a more hands-free approach and just deal with exceptions. Is there a better way? .

Negotiating Skills 120

Negotiating Skills Supply Chain Planning Software Supply Chain Software Modeling 120

ToolsGroup

JUNE 8, 2021

Note: the same challenges apply for RFP (request for proposal) and RFQ (request for quotation methods, but for simplicity, we’ll just refer to RFI in this article.). To avoid conflict – and get home in time for dinner – people give in. Seven Ways RFIs Fall Short. An RFI assumes everyone knows what the business objectives are.

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

ToolsGroup

MAY 8, 2018

Full blown inventory optimization projects can take up to a year, but on-demand inventory target setting can be implemented and addressing constraints in just a few weeks. As the (U.S.) economic expansion enters its ninth year, supply constraints are showing up in supply chains.

Inventory Reduction 214

Inventory Reduction Optimization Software Network Optimization Supply Chain Optimization 214

ToolsGroup

JUNE 19, 2018

To get the inventory needed to make supply chains successful, and to get the right performance outcomes, requires accounting for dozens of variables such as standard cost, order quantity, run-out time, lead time, and sustainability. But that is just the beginning. Lead time from order to receipt.

Optimization Software 197

Optimization Software Inventory Demand Planning Software Modeling 197