Remove sales seasonal-inventory
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Fresh Demand Planning: How AI Empowers Retailers

Logistics Viewpoints

During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. In this blog, I will discuss the use of AI/ML demand planning for fresh products to help maximize sales and reduce waste. For instance, there was a heatwave last week, so we sold twice as much ice cream.

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ToolsGroup Launches Integrated In-Season Retail Inventory Optimization Solution 

ToolsGroup

BOSTON & LONDON — January 15, 2024 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite.

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Supply Chain AI Strategy: Navigating Apparel Industry Complexities

Logility

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. This sector, characterized by its diversity in consumer trends and seasonality, demands high precision in planning and execution.

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What Does Good Look Like S&OP?

Supply Chain Shaman

I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. Holistic design of the form and function of inventory with a focus on setting inventory targets for each flow. Sales and Operations Planning should be followed by Sales and Operations Execution inside of lead time.

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ToolsGroup Launches PromoAI, a Revolutionary New Retail Promotions Optimization Solution 

ToolsGroup

This solution allows retailers to maximize the sales lift created by promotions while minimizing margin sacrificed to do so. This new solution empowers retailers to ensure that every promotion delivers on promised returns— something critical to profitability, especially with working capital invested in inventory at a premium.

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Don’t Wait to Innovate: 3 Key Benefits of Causal Forecasting

Logility

Picture this: You’re a seasoned sailor navigating uncharted waters. They’re stuck with inaccurate forecasts, ending up with too much or too little inventory, missed orders, and unsatisfied customers. Let’s consider a simple example—daily sales of ice cream. Sounds familiar? And the result?

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Revolutionizing Supply Chain Planning: The Power of Generative AI

Logility

Take for example, a leading consumer electronics company utilizing generative AI to predict demand for its products during the holiday season. By analyzing past sales data, social media sentiment, and economic indicators, the enhanced machine learning model forecasts the demand with a significantly higher precision.