ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. Check out the video below. Or listen and follow on Spotify. Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

Enterra Insights

JUNE 22, 2023

Supply chain professionals have always depended on forecasting to help them balance supply and demand. The difference between traditional forecasting and predictive analytics is granularity. In contrast, forecasting provides overall aggregate estimates, such as the total number of purchases next quarter.

Supply Chain Performance 130

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Talking Logistics

NOVEMBER 3, 2014

Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014. Inventory (inventory management policies and practices, optimizing inventory flow). Forecasting. Suppliers (supplier management and supplier quality issues). Technology. E-Commerce.

Innovation 174

Innovation Supply Chain Design Software Optimal Sourcing Logistics Network Optimization Software 174

Logility

NOVEMBER 20, 2014

Despite significant advancements in the technology to support omni-channel, adoption of transparent cross-channel inventory has yet to become a reality at most retailers. 69% of retailers maintain separate inventory across multiple channels. Only 8% stated they have a working cross-channel forecasting method in place.

Supply Chain Planning Software 100

Supply Chain Planning Software Survey Supply Chain Planning Scenario Planning 100

ToolsGroup

JUNE 11, 2020

By 2014 there were some 800,000 item-locations in its core bearing business, in some 40 installations of five+ different ERP systems around the world. It also calculates safety stock levels and net forecasts for every warehouse and creates replenishment plans to satisfy future customer demand to set service levels.

Gartner 248

Gartner Supply Chain Planning Software Supply Chain Software Optimization Software 248

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Supply Chain Shaman

JULY 19, 2015

However, for elements like forecast error, customer service and slow-moving inventory self-reported data is not sufficient. It is for this reason, that I discount the reporting by APQC, Institute of Business Forecasting (IBF) and Grocery Manufacturing Association (GMA) benchmarking data. 2) Characteristics of Best Forecasters.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. The solution was too black box.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

ToolsGroup

JULY 30, 2019

Prior to joining ToolsGroup in 2014, Mauro held global executive roles for businesses including Telecom Italia Group and Fiat Group Automobiles in customer operations, sales and marketing, IT and business development. Our customers overcome demand volatility and supply chain complexity for outstanding service levels with reduced inventory.

ToolsGroup 120

ToolsGroup Europe Supply and Demand Supply Chain Planning Software 120

Supply Chain Shaman

MARCH 27, 2014

I also continued to work on the manuscript for the book Metrics That Matter to publish in the fall of 2014. It replaces rules-based consumption in demand planning, and will improve short-term forecasting by 30-35%. The average client that has implemented demand sensing technologies has reduced inventory by 11%. The answer?

Supply and Demand 281

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Talking Logistics

OCTOBER 3, 2014

North American Freight Numbers July 2014. Moving on to omnichannel fulfillment, Manhattan Associates introduced Available to Commerce™ , which gives retailers “the power to offer specific units of inventory available for sale in the most appropriate channel (online, store, same-day delivery, etc.)

Logistics Network Optimization Software 154

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GlobalTranz

MAY 13, 2015

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 That income was generated by more than 4,100 stores and fed by a sprawling supply chain, ranked 14th in 2014 by research and analyst company Gartner. restaurant industry made in 2013.

Gartner 120

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Supply Chain View from the Field

DECEMBER 16, 2013

As 2013 comes to a close, here are some of my thoughts regarding the supply chain trends we are likely to see emerge in 2014. However, the idea of procurement as a market-facing forecaster is a new role for many companies. Not surprisingly, analytics is at the top of the list.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story. We never ran out of or had too much inventory.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

Demand Solutions

MARCH 27, 2020

They're the teams responsible for forecasting inventory requirements, managing inventory replenishment functions and sourcing inventory from suppliers. Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

Supply Chain Shaman

SEPTEMBER 20, 2015

In fact, the teams ignore the forecast. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. Orbit Chart for SanDisk for 2006-2014. When I heard their story, I scratched my head. It is systemic. Does it work?

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. Markets drive supply chains.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Supply Chain Shaman

DECEMBER 23, 2014

In 2014, ecommerce strategies grew in importance. Get Good at Having a Real-time Perpetual Inventory Signal. Foundational for ecommerce is a real-time perpetual inventory (PI) signal. If you are going to be excellent at ecommerce fulfillment, you need to have great perpetual inventory capabilities. Details matter.

Packaging 289

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Supply Chain Movement

MARCH 25, 2014

. “Sensing product demand is particularly important in today’s increasingly complex marketplace,” said Patrick Folan, Vice President of Supply Chain for Campbell Soup Company in a press release of January 21, 2014. The upgrade will enhance Campbell’s forecast accuracy to better meet the needs of retailers and consumers.

Supply and Demand 90

Supply and Demand Demand Planning Software Forecasting Forecasting Software 90

Supply Chain Shaman

MARCH 8, 2016

The initial software product release name was Real-Time Forecasting. DS replaced rules-based forecast consumption with better math (statistics and pattern recognition). In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting.

Supply Chain Planning Software 150

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

Vanguard Software

JULY 20, 2021

Not too long ago, in 2014, Walgreens had a $1 billion forecasting error that led to the exit of two executives. Demand Planning Forecasting Application. Whereas supply planning projects and manages inventory or supply to meet consumer demand. Download Brochure. The Influence Demand Plan ning has on Supply Planning.

Supply and Demand 52

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Supply Chain Shaman

AUGUST 30, 2014

Team members need to be held equally accountable for growth, inventory, profitability, customer service, and forecast accuracy. Today, most companies are struggling with the ability to improve operating margins and reduce inventory levels. Demand Supply Chain alignment inventory turns Sales and operations planning'

S&OP 267

S&OP Supply Chain Planning Software Supply Chain Planning Forecasting Software 267

ShipBob

DECEMBER 20, 2021

Inventory management. Seed Funding: $125k Asimov Ventures, Montage Ventures, VTF Capital, and more Cin7 Cin7 provides cloud-based inventory and order management software to increase efficiency. With Cin7 , business owners are able tailor inventory and order management to suit their respective needs. Inventory Planner.

Logistics Network Optimization Software 97

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Supply Chain Shaman

JANUARY 27, 2015

Despite all of the focused attempts to implement new forms of demand planning, the business costs and inventory spiral out of control due to unchecked complexity. The absence of these process has driven the supply chain out of balance resulting in increased inventory and unnecessary cost that does not drive brand differentiation.

Supply and Demand 150

Supply and Demand Supply Chain Planning Software Forecasting Supply Chain Software 150

Supply Chain Shaman

JUNE 7, 2018

When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. In five companies that I have worked with in the past quarter, each degraded the forecast (using Forecast Value Add methodology) by 10-18%. In February 2014, the price was $103.40.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 223

Herlitz Inventory Management

JULY 7, 2021

Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. It hasn’t been lost here at Herlitz Inventory Management! Since 2009, when Herlitz Inventory Management was founded, annual inflation has been below 3 percent in the US. Sequestration.

Pricing Training 52

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QAD

NOVEMBER 19, 2020

Efficient Inventory Management . The Santa Clara Medical Center reported that 383 medical items went missing between 2010 and 2014, including incubators, heart monitors and mammography machines. The investigation concluded that the equipment was lost due to an inefficient inventory monitoring system. .

Inventory Management Software 94

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Supply Chain Movement

NOVEMBER 4, 2015

The company was definitely expecting the movie to affect Christmas’ orders in 2014 so either the forecast for 2015 was wrong, or they did not believe it, or they were not able to gear up in time. We specifically debated the potential impact that the Lego Movie was having on demand. Frozen epidemic.

Supply Chain Planning Software 60

Supply Chain Planning Software S&OP Supply Chain Planning Modeling 60

Vanguard Software

APRIL 22, 2021

A great example would be when the hospitality industry initiated towel reuse programs back in 2014 and the subsequent savings on water and energy. Expiring Inventory : In food and beverage supply chains, there is the potential to reduce food waste and spoilage while maximizing profit. Solutions for supply chain sustainability.

Supply Chain Planning Software 52

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The UCLA Anderson Global Supply Chain Blog

JANUARY 22, 2014

April 2014. March 2014. February 2014. January 2014. UCLA Anderson Forecast. For Julines, UCLA is a Family Affair » 01/22/2014. If you had “start a new company” on your resolution list for 2014, it’s time to get into gear. Posted by UCLA Anderson on 01/22/2014 at 01:47 PM | Permalink.

Chile 74

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RELEX Solutions

JUNE 28, 2019

RELEX will choose the best master’s thesis with a focus on retail and supply chain planning (forecasting, replenishment, seasons or promotions management, allocations, inventory management, category management or assortment management).

Europe 53

Europe Pharmaceutical Supply Chain Planning Sweden 53

BlueYonder

APRIL 11, 2014

This year, I am especially pleased about a new event called the “ JDA 2014 Supply Chain Challenge.” The contest was more than just a technical exercise; it also tested each team’s supply chain skills as they related to forecasting, inventory management, pricing, capacity planning and other real-world materials management challenges.

Supply Chain Planning Software 72

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Supply Chain Digest

MAY 8, 2009

Demand Planning/Forecasting. Inventory Management/Optimizat. Content Being Accessed: White Paper: Improving Forecast Accuracy. White paper from Logility on Keys to Improving Forecast Accuracy. © 2006-2014 Supply Chain Digest - All Rights Reserved.' or Search by TOPIC. Select Topic. Bar Coding/Label Printing.

Forecasting 32

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Demand Solutions

MARCH 11, 2015

One of your products had two “hits” in 2014. If you’re serious about reducing inventory, you need a stocking policy that you can put down on paper and refer to throughout the year. Because each stock-keeping unit by location (SKUL) results in a whole host of “extras”: - Extra forecast review. Extra inventory. .

Policies 100

Policies Inventory Reduction Supply Chain Planning Software Forecasting Software 100

RELEX Solutions

OCTOBER 16, 2018

RELEX will choose the best master’s thesis with a focus on retail and supply chain planning (forecasting, replenishment, seasons or promotions management, allocations, inventory management, category management or assortment management). Read more about the winners of the 2016 award.

Europe 53

Europe Sweden Supply Chain Planning Retail 53

Supply Chain Matters

MARCH 28, 2024

The company’s forecasted outlook for production levels in 2024 was upwards of 9,000 vehicles, and industry watchers indicated that added financing would be needed in order for the luxury auto maker to be able to grow sales and global wide production needs. According to reporting by Axios , factories across the U.S.

Supply Chain Strategy 52

Supply Chain Strategy Supply Chain Procurement Analytics Supply and Demand 52

Logility

APRIL 8, 2014

These were just a few of the themes discussed at this year’s Connections 2014, Logility’s customer conference. Sean Willems delivered a master class on why optimized inventory policies are crucial to profit-enhancing segmentation strategies that achieve differentiated service levels and maximum return on investment.

Supply Chain Planning Software 100

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