ToolsGroup

MAY 7, 2024

The business landscape is constantly evolving in today’s world, and supply chain management stands as a cornerstone of operational efficiency, customer satisfaction and overall business success. The ultimate goal of any planning process is to make high-quality decisions that enhance supply chain efficiency and performance.

Supply Chain Planning Software 177

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 177

ToolsGroup

MAY 15, 2024

In our previous discussion on decision-centric planning , we explored its fundamental principles and how it can revolutionize supply chain management. During the COVID-19 pandemic, global supply chains faced unprecedented disruptions due to lockdowns, restrictions on movement and shifts in consumer behavior.

Supply Chain Planning Software 177

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

ToolsGroup

AUGUST 20, 2019

More and more businesses are hopping on the outsourcing bus and letting the experts take the wheel to drive supply chain planning processes. Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supply chain planning (SCP). versus $4.84 per $1000 of revenue).

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

ToolsGroup

MAY 4, 2020

BOSTON (May 5, 2020) ToolsGroup, a global leader in supply chain planning software, today announced a new online COVID-19 Supply Chain Action Center and resources to help companies quickly respond to Coronavirus risks and speed supply chain recovery. Companies Share COVID-19 Response.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

ToolsGroup

AUGUST 20, 2019

More and more businesses are hopping on the outsourcing bus and letting the experts take the wheel to drive supply chain planning processes. Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supply chain planning (SCP). versus $4.84 per $1000 of revenue).

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 136

ToolsGroup

SEPTEMBER 25, 2019

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. BOSTON, Mass. and HOUSTON, Tex.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

ToolsGroup

SEPTEMBER 30, 2019

By George Fowler, group vice president, Spinnaker Supply Chain. ToolsGroup and Spinnaker recently partnered up on a digital transformation study, and we found that only 7% of responding companies are reaping the benefits of digital transformation of supply chain planning. What’s driving you, or holding you back?

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 168

ToolsGroup

MAY 21, 2024

In the first two blogs of this series, we explored the foundational concepts of decision-centric planning and how it can revolutionize supply chain management, addressing real-world challenges with agility and responsiveness. Companies that cling to outdated, rigid planning methods risk falling behind.

Supply Chain Planning Software 156

Supply Chain Planning Software Scenario Planning Supply Chain Planning Resource Reduction 156

ToolsGroup

APRIL 1, 2022

Will the supply chain ever catch a break? With every link of the supply chain impacting businesses both large and small, keeping up with the globally disrupted supply chain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged Supply Chain.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ToolsGroup

SEPTEMBER 22, 2020

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. When social media product promotions overwhelm supply chains.

Supply and Demand 156

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

ToolsGroup

MARCH 18, 2019

Therefore, traditional push-driven supply chains are wholly unfit for this situation. 1] Mohawk sought to profit from the resurgent demand for ‘ analog experiences ’ by owning the fine paper space and transforming its extended supply chain. They also cut inventory levels, grew sales and resolved capacity issues.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 228

ToolsGroup

JUNE 2, 2023

But then, supply chain disruption became the rule instead of the exception, consumers changed their tastes as often as their socks, and global competition started playing hardball. Supply chain is fickle. Once upon a time, the world of manufacturing was a relatively stable place. Let’s take a closer look.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Enterra Insights

MARCH 8, 2018

“By the end of 2020,” asserts the editorial staff at Material Handling & Logistics (MH&L), “one-third of all manufacturing supply chains will be using analytics-driven cognitive capabilities, thus increasing cost efficiency by 10% and service performance by 5%.”[1] What does that mean?

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Gartner 100

ToolsGroup

OCTOBER 4, 2016

There has been a lot of news about driverless cars, and at the Supply Chain Insights Global Summit there was also some news about “driverless” supply chain planning when two companies described supply chain planning with almost no human intervention. So what about driverless supply chain planning?

Supply Chain Planning Software 254

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 254

ToolsGroup

AUGUST 29, 2017

Gartner measures supply chain analytics maturity across seven different dimensions. There are supply chain and demand analytics models that describe the type of analytics being deployed (e.g., Gartner reports a strong correlation between supply chain organizations that use analytics and improved business performance.

Modeling 189

Modeling Prescriptive Analytics Software Analytics Software Modeling Software 189

Supply Chain Shaman

NOVEMBER 3, 2015

As an analyst in the battered supply chain software market for a decade, it is fun to watch you grow. For those who are new to reading the Supply Chain Shaman blog, let me begin my analysis with a disclaimer. Here are five recent relevant posts that can add clarity: Wanted: Supply Chain Architects.

Supply Chain Design Software 0

Supply Chain Design Software Supply Chain Planning Software Network Design Software Supply Chain Software 0

ToolsGroup

JUNE 8, 2021

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. If you’ve been through a supply chain project before, you know that’s not always the case. #2

Supply Chain Planning Software 245

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

ToolsGroup

MARCH 9, 2021

In episode seven of Be Ready for Anything, industry insider Bob Ferrari discusses the pivotal factors affecting global supply chain revitalization in the coming year. Discover how to pinpoint your investments in supply chain management and regain your balance, even in a shifting marketplace. Take a listen!

Predictive Analytics Software 156

Predictive Analytics Software Supply Chain Planning Software Predictive Analytics Supply Chain Design Software 156

ToolsGroup

SEPTEMBER 20, 2022

AI technology is continually revolutionizing how equipment and humans operate on the manufacturing shop floor as well as improving the behind-the-scenes supply chain planning operations. At the same time, consumer demands keep changing depending on product qualities, pricing , and supply chain constraints.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

ToolsGroup

MARCH 3, 2022

Targeting favorable weather time periods and regions/markets enable companies to capture sales from receptive audiences and improve ROAS (return on advertising spend) and other key metrics.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

ToolsGroup

JANUARY 4, 2018

The annual Gartner Supply Chain Technology User Wants and Needs Study is one of the most comprehensive studies of supply chain users. But they suggest that technology outranks the other four factors in impact on supply chain maturity: Nearly all Stage 1 maturity supply chains are Stage 1 or Stage 2 users of technology.

Gartner 168

Gartner Supply Chain Planning Software Supply Chain Software Study 168

ToolsGroup

MAY 24, 2016

Most companies segment their supply chain by breaking it down according to operational and logistical metrics. But there is another way to segment supply chains that begins with the customer. This is important since complexity is intensifying in most supply chains.

Supply Chain Segmentation 159

Supply Chain Segmentation Optimal Sourcing Gartner Supply Chain Optimization 159

ToolsGroup

MARCH 5, 2019

Supply chain planning in emerging markets is different. Now supply chain professionals have another different set of challenges on how to get product to the entire country where consumer-oriented outlets (i.e. Growing domestic demand can also cause supply chain strategies to change. Here’s what we found: 1.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 159

Supply Chain Insights

JANUARY 18, 2018

For the purposes of clarity, in this article, the term digital supply chain is the transformation of the atoms and electrons within the supply chain to unleash new levels of value. Here are my predictions for 2018: Supply Chain Excellence as We Know It Is Redefined. Supply Chain Planning Redefined.

Prescriptive Analytics Software 197

Prescriptive Analytics Software Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software 197

ToolsGroup

NOVEMBER 27, 2018

Unsurprisingly, the highest percentage of respondents in Gartner surveys continue to select demand variability and forecast accuracy as top barriers preventing them from reaching their broader supply chain goals. How much can you realistically expect to improve your forecast accuracy each year?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

ToolsGroup

DECEMBER 16, 2021

The impact of lean retail on supply chain management. The impact of lean retail practices can be felt throughout the supply chain. Set clear objectives and KPIs for the metrics we discussed above, and make swift moves to meet them. How lean retail impacts business goals and revenue targets.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

ToolsGroup

NOVEMBER 15, 2016

In 2016, it seemed as if everyone in supply chain was looking to improve their forecasting performance. According to Ben, who oversees Chainalytics’ Demand Planning Intelligence Consortium , many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals.

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

ToolsGroup

MARCH 16, 2021

More typical for supply chain data they would look similar to this: Figure 2: a statistical forecast (left) and a probabilistic one (right) for weekly data. A symptom of these limitations are the various metrics used. It is possible to create metrics (probabilistic metrics!) Honestly, that is impossible to say.

Forecasting 156

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Planning 156

ToolsGroup

FEBRUARY 6, 2018

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. The problem that the supply chain leaders often struggle with is that the definition of what the right inventory levels should be.

Inventory Reduction 159

Inventory Reduction Inventory Material Savings Gartner 159

ToolsGroup

JULY 28, 2015

Blog 3 : Charles Blevins, Supply Chain VP at Dart Container , described Dart Solo Cup’s journey in addressing a “long tail” that brought Dart 99.6% ERP solutions and traditional supply chain planning solutions are not well suited for complexity of the long tail. service levels with 20% inventory reductions.

Supply Chain Design Software 120

Supply Chain Design Software Modeling Supply Chain Planning Software Supply Chain Design 120

ToolsGroup

MAY 9, 2024

Rigorous ROI Calculations: Evaluating Promotional Effectiveness To gauge the true impact of promotions, retailers must employ rigorous return on investment (ROI) calculations that extend beyond immediate sales metrics.

Resource Reduction 156

Resource Reduction Cost Reduction Strategies Retail Procurement Analytics 156

Supply Chain Shaman

APRIL 17, 2013

Or will companies stumble on the path by mistakenly implementing supply-centric processes and calling them demand-driven initiatives? As a writer of research on demand-driven supply chains for over eight years, I find many amusing. Supply chain leaders feel stuck. They are piling up on my desk. It is still early.

Supply Chain Design Software 258

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 258

ToolsGroup

APRIL 25, 2019

In fact, supply chain executives put demand forecasting and supply chain planning at the top of the list of how they initially plan to use AI. Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? weather, social media).

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

ToolsGroup

NOVEMBER 8, 2016

Last week we said that in reality most companies are already partly down the path towards a probabilistic supply chain model. Despite the added complexities in today’s supply chains, traditional SCP systems like SAP APO typically apply the traditional "top-down" approach to forecasting based on aggregated data.

Forecasting 220

Forecasting Forecasting Software Demand Planning Software Modeling 220

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. It is a story of supply chain innovation. The products of Terra Technology are unique, but poorly understood by the mainstream supply chain team.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

ToolsGroup

SEPTEMBER 17, 2019

This foundation has been the basis for automated replenishment systems for many years, but like everything in supply chain today, it’s more complex than that, and the traditional replenishment approach has a lot of “noise” in how it’s calculated. The answer comes with being able to identify and track each causal effect.

Supply and Demand 159

Supply and Demand Demand Planning Software Forecasting Forecasting Software 159

Supply Chain Shaman

OCTOBER 8, 2017

I know of few areas in supply chains discussion that raise as much dialogue or ire. ” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” Most supply chain leaders can easily conceive supply flows, but not those of demand.

Supply and Demand 161

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 161