ToolsGroup

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What is Lean Retail (+ Why Retailers Must Embrace It)

ToolsGroup

What is Lean Retail? In his book, Lean Retail & Wholesale , professor and author Paul Myerson defines the shift towards lean retail as “a dramatic change in the way products are ordered and distributed that is far more data-centric and focused on understanding and meeting customer demand.” Why is lean retail so important?

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When is Inventory Too “Lean”? Finding the Right Balance

ToolsGroup

I learned about “lean manufacturing” (or simply “lean”) back in the 1990s when I met James Womack and read his book “ The Machine that Changed the World ”. Based on MIT's five-year, fourteen-country study – one of the largest and most thorough ever undertaken -- the book describes the entire managerial system of lean production.

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Five Key Supply Chain Planning Capabilities for Fashion Products

ToolsGroup

Supply chain leaders are leaning on technologies to keep up with evolving customer behaviors– the top driver of supply chain digital transformation. The pandemic accelerated digitization plans across multiple industries according to the ToolsGroup/CSCMP 2021 Digital Transformation in Supply Chain Planning survey.

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Three Tips for Building an Agile CPG Supply Chain

ToolsGroup

The pandemic accelerated digitization plans across multiple industries and supply chain leaders are leaning on technologies to keep up with evolving customer behaviors– the top driver of supply chain digital transformation. Read more of Granarolo’s story here.

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Why a Software Proof of Concept (POC) Is Better than an RFI

ToolsGroup

A proof of concept (POC) is an increasingly common method to select the best supply chain software vendor for your company, yet many supply chain practitioners still lean on the traditional RFI (request for information) tool. Software selection is risky.

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Balancing service levels and supply chain costs

ToolsGroup

Manufacturers must stay lean to compete, and minimizing stock boosts profitability and increases liquidity—eliminating ineffective inventories that are not aligned to profit or customer service goals.

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Gartner Asks: Are You (and your Supply Chain) Bimodal?

ToolsGroup

David Willis, head of Gartner's Senior Research Board, described it in his keynote address as “delivering in a lean and effective manner, while still being agile.” Scott Fitzgerald once said, “First-rate intelligence is the ability to hold two opposed ideas in your mind at the same time and still retain the ability to function.”.

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