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Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

How has COVID-19 affected your business? Are you experiencing a change in demand given the changes to the economy and government measures? Our business fortunately hasn’t been significantly affected, aside from having our travel and events curtailed.

Is Your Supply Chain Ready for Social Media-Fueled Demand Volatility?

ToolsGroup

Have you noticed how the clock speed of just about everything has sped up considerably in just a few years?

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Turn a Good Demand Forecast into the Optimum Inventory Plan

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How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast. They care if you have the inventory they want when they want it.

Podcast Episode 2: Minimizing Supply Chain Risk Amid COVID-19

ToolsGroup

In this episode of Be Ready for Anything, hear from Tommaso Chierchia, ToolsGroup’s Director of SOExpress Delivery, about the primary types of supply chain risk arising out of COVID-19, and how organizations can proactively minimize their exposure.

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Facebook Causes Continue to Show Little Promise as Fundraising Tools

Tips for Getting Executive Buy-in for Supply Chain Planning Software

ToolsGroup

Are you making an action plan of all the things you could do better and faster with your supply chain planning software when the next global crisis hits? The Coronavirus has demonstrated that the real world doesn’t play by the rules. The disruption we’ve seen in supply chain planning as a result of the pandemic is unprecedented. And as companies have learned the hard way, you can’t rely on the traditional planning models you’ve always used to get you through this new reality.

Get Started Using Machine Learning for New Product Forecasting

ToolsGroup

New product introductions (NPI) are critical to any company’s success, but many of them never become household names. In fact, it’s estimated that up to 80 percent of new product launches in the consumer packaged goods (CPG) industry fail. Adding to this already uphill battle, we don’t have trustworthy new product forecasting methods because forecasting new products with no sales data is very hit-and-miss.

Here’s How SKF Clinched the Gartner Supply Chainnovator Award with Digital Twin

ToolsGroup

ToolsGroup extends congratulations to SKF, which edged out tough competition from other finalists Shell Lubricants and Siemens to win the 2020 Gartner Supply Chainnovator Award in the Industrial category. SKF’s use of a digital twin for analytics to support integrated planning demonstrated exceptional supply chain innovation.

Machine Learning with a Human Touch

ToolsGroup

There are a lot of supply chain planning solutions out there. Why choose ToolsGroup? It’s simple: Our perfect blend of technology and human expertise. The tailored guidance our clients get from our expert consultants is what makes the difference.

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. With the introduction of digital supply chains, the industry is moving into an era arguably on par with the industrial revolution.

Mission Critical: Leveraging Learning Engineering to Drive Digital Transformation

Speaker: Trish Uhl, Founder of Owl's Ledge LLC and the Talent & Learning Analytics Leadership Forum

Digital is disrupting every part of an organization's value chain at a record pace, creating a critical need to transform operations and employees' ways of working. Formal training alone can't keep up; it's often too slow, too generic, inconvenient, inefficient, unduly expensive and lacks or lags methods for measuring business-related effectiveness. Trish Uhl show you how to start leveraging Learning Engineering, a multidisciplinary approach that combines modern technology, data analytics, decision science, learning sciences and change management with human-centered engineering design methodologies to ultimately deliver targeted learning outcomes and business results that keep pace with the business and merge learning into the flow of work and lead Digital Adoption.

How COVID-19 Will Change Supply Chains For Good

ToolsGroup

As the COVID-19 outbreak progresses, I’ve been watching the effects on supply chains and the impact of true demand (N95 masks) versus hyped demand (toilet paper). Both examples are currently seeing stock-outs, but the toilet paper shortage is more of a logistics issue than a physical supply problem.

Is Your Supply Chain ‘Ready for Anything’?

ToolsGroup

Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. In an ever-changing global economy with all its unexpected twists and turns, supply chain leaders are looking for a way to be ready for anything the real world throws at them.

What Is Demand Sensing and How Do You Get Started?

ToolsGroup

“Good old supply chain. It just gets simpler every year!”. said no VP of supply chain ever. . We’ve created quite a monster with all the sophisticated tools we use to influence demand with pricing, new product introductions and promotions. Internet-fed trends are changing at hyper-speed.

8 Considerations for Post-COVID Supply Chain Planning

ToolsGroup

Dave Food, Strategy Director of Prophetic Technology, discussed in a recent webinar how companies have adapted their supply chains during this crisis, and provided guidance in planning for recovery and future uncertainty.

Webinar on Demand: Resilient Supply Chain Network Design

Speaker: Bhomik Jain, Paul van Nierop & Aanand Pandey

Companies around the world are struggling to cope with COVID-19 disruption. Are supply chain networks resilient enough to weather the storm? Watch this webinar to learn about our research findings in the realm of network design and optimization, and uncover the capabilities you need to build resilience and agility.

How Procter & Gamble is thriving on supply chain complexity

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Source: Gartner Supply Chain Executive Conference. Procter & Gamble (P&G) is known for best-in-class supply chain planning.

Business Intelligence vs. Inventory Optimization: Are You Solving Symptoms Instead of the Real Problem?

ToolsGroup

In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. I want to let you in on a secret: software companies are happy to sell you something you don’t need.

How Promotions Planning Software Enables Collaboration That Pays Off

ToolsGroup

Promotions planning is challenging, but promotions planning software can help alleviate some of the common pain points companies face when they try to improve their forecast accuracy and increase promotions generated revenue. After spending half my career in marketing and the other half in supply chain, there’s one thing I know for certain: marketing and supply chain don’t speak the same language.

Service Level Should Be Your Number One Supply Chain KPI…But What Does It Really Mean?

ToolsGroup

To adapt an old saying, the idea that great service should be a top supply chain priority is as universally accepted as motherhood and the dominance of the ‘92 Dream Team. In fact, it’s one of the few things people wouldn’t disagree on these days. Despite this, however, there is surprisingly little consensus on the definition of ‘service level’ among those who work in supply chain and the customers their businesses serve.

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The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

You can’t scan the headlines without coming across an article or advertisement about sustainability, but there is precious little information about how supply chain planning software supports green initiatives.

A Different Solution to the Supply Chain Talent Shortage

ToolsGroup

“78% of respondents to Gartner’s most recent Chief Supply Chain Officer Survey identify talent as the No. 1 long-term supply chain risk”. There is a lot of documented evidence of a shortage in supply chain talent. Why is it happening? Planning is becoming increasingly complex; not only due to the increasing demand and supply chain complexity, but also due to the wide range of new data sources such as channel data, retail data and even web data - nearly all of which wasn’t available years ago.

Another Way to Think About Supply Chain Risk Management

ToolsGroup

In a previous blog we described a new concept introduced by Gartner Research about the need for both macro-agility and micro-agility. Now we apply this same macro-agility and micro-agility concept to risk management. In the era of the global supply chain, many companies think about risk management in terms of “ macro agility ”—their ability to anticipate the likelihood of, and develop readiness plans for, major crises that impact the chain, like geopolitical instability and extreme weather.

Five Inventory Optimization Secrets for Aftermarket Parts

ToolsGroup

It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence. Probability forecasting offers a more accurate way of predicting customer behavior and staying prepared, especially for items with long-tail demand. Read on for our five inventory optimization secrets for aftermarket parts.

Supply Chain Planning Maturity – How Do You Compare to Peers?

Today's supply chains are networked, global ecosystems. An event upstream in a different country or region can cause considerable disruption downstream. The COVID-19 pandemic is an extreme example of how this unfolds in practice. How prepared are supply chain teams to react and recover, from a planning maturity stance? Download this report to get exclusive insights on planning maturity!

Tips to Keep Your Digital Planning Transformation on Track at Every Stage of the Journey

ToolsGroup

The year 2020 has thrown us all for a loop, and the resulting drastic shifts in demand are motivating companies to accelerate the digital supply chain transformations that for some may have been languishing in early stages. Walmart’s senior vice president of supply chain, product and engineering recently commented that the events of 2020 have “forced us to innovate at a speed that I had not seen before”.¹

How to Find Business Opportunities Amid the Coronavirus Supply Chain Crisis

ToolsGroup

Here are ideas for grasping opportunities in the midst of the Coronavirus supply chain challenges. 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. A common reaction seems to be to close shop, hoard toilet paper and canned goods and expect the worst. These events surprise us every few years.

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Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

With supply chain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions. As COVID-19 continues its malevolent spread around the world, concerns grow regarding the continued impact on supply chains and business continuity. A few months ago, we highlighted a major theme from Gartner’s Supply Chain Planning Summit in our blog: winners change their mindsets–and accelerate through economic turns.

Five Things You Need to Know about Inventory Optimization in the Digital Age

ToolsGroup

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. The reality is that this transformation takes time and a change of mindset. It’s about learning to transition from long-held inventory systems and processes, having new conversations across logistics and sales, and the shifting role of supply chain planners.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Supply Chain Planning BPO: What’s Driving It and Should You Get On Board?

ToolsGroup

You know that great feeling you get when you have an expert getting the job done? 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).

The Franke Story: Three Points to Learn about Supply Chain Complexity

ToolsGroup

Nowadays everyone’s writing and speaking about supply chain complexity , but not many are talking about how to turn around all that complexity and variability for business advantage. That’s exactly what Franke, a world leading provider of solutions and equipment for residential kitchens and bathrooms, was able to do. . According to Inbound Logistics , there are three main sources of supply chain complexity: meeting the needs of customers, globalization, and internal pressures.

How to Make Supply Chain Complexity Work to Your Advantage

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With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. Amazon sells more than 3 billion products through 11 different country marketplaces globally. In the U.S. alone, Amazon introduced 208 million new products in 2018 — most of which are slow movers, or ‘long-tail’ items.

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Gartner Questions Supply Chain “Control Towers”

ToolsGroup

Gartner says that future supply chain planning will look less like a "control tower" and more like a refinery "control room'" with many value-added analytics that automate, guide and control the supply chain.

Supply Chain Resilience in the Face of Uncertainty

Speaker: Aanand Pandey, Supply Chain Analyst & Consultant, AIMMS

This short video explains how scenario modeling can help you improve supply chain resilience and your ability to respond and recover quickly from disruptions. Looking at scenarios side by side provides valuable insights that makes it easier to evaluate impact on your operations, ability to service customers and margin, and the best options to restart supply when supply lanes reopen.