Enterra Insights

JUNE 11, 2019

Every business person who deals with inventory management is involved in a balancing act. Keep too little inventory on hand and you risk losing sales and, on occasion, customers. Keep too much inventory on hand and the costs add up resulting in lower profits. Omnichannel operations exacerbate inventory management complexity.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Inventory 100

ToolsGroup

NOVEMBER 8, 2021

Mi9 acquired this division through its acquisition of JustEnough Software in 2018. Retailers now have a powerful new arsenal of deep planning expertise to model and forecast uncertain demand, manage product life cycles and dynamically allocate inventory to raise product availability across channels. About ToolsGroup.

ToolsGroup 317

ToolsGroup Modeling Demand Management Demand Planning Software 317

ToolsGroup

APRIL 12, 2019

alone, Amazon introduced 208 million new products in 2018 — most of which are slow movers, or ‘long-tail’ items. Despite its extreme complexity and scale, Amazon’s July, 2018 earnings doubled shareholder expectations, turning a quarterly profit of a whopping $2.5bn. It all starts with probability forecasting. In the U.S.

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 227

ToolsGroup

FEBRUARY 4, 2020

When demand changes faster than a company’s ability to respond, you can end up with the wrong SKU mix and locations, frequent internal inventory transfers and expedites with high freight costs. Excess and obsolete inventory. We’re projecting a 60% reduction in inventory across SKUs when the full rollout is complete.

Supply Chain Planning Software 232

Supply Chain Planning Software Supply Chain Planning Inventory Reduction Supply Chain Software 232

ToolsGroup

MAY 8, 2018

The Wall Street Journal recently advised “In the battle for economic supremacy, investors should quickly be realizing it’s increasingly about supply, not demand.” ( The Next Challenge for Global Growth: Keeping Up With Demand , April 24, 2018 ). Inventory (both finished goods and materials) can then be allocated to more critical demand.

Inventory Reduction 214

Inventory Reduction Optimization Software Network Optimization Supply Chain Optimization 214

ToolsGroup

MARCH 20, 2018

The 2018 Nucleus Research Inventory Optimization (IO) Value Matrix Report has just been released, and analyst Seth Lippincott identifies the latest technology trends, top inventory optimization solution providers, and the strengths and weaknesses of each vendor. The third theme is machine learning (ML).

Optimization Software 192

Optimization Software Vendor Strategies Inventory Reduction Network Optimization 192

Arkieva

MARCH 1, 2017

Seasonality forecast simulation: what is the effect of changing the gamma parameter in Holt-Winters forecasting method? For many manufacturing businesses, seasonality affects near and long term forecasts. Read Previous: What-if Wednesday: Forecast Simulation – Changing The Beta Parameter in a Forecasting Method.

Forecasting 60

Forecasting Forecasting Software Scenario Planning Analysis 60

ToolsGroup

FEBRUARY 5, 2019

Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. Many companies struggle with decisions such as “How many days of sales or inventory turns per year should we target?

Supply Chain Design Software 120

Supply Chain Design Software Optimal Sourcing Supply Chain Design Inventory Reduction 120

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. In the period of 2010-2018, within the chemical industry, margins fluctuated, largely driven by the price of crude, but inventory turns plummeted.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Herlitz Inventory Management

OCTOBER 1, 2018

Since implementing HIMPACT, Maurice Sporting Goods is fully equipped to improve customer service levels, lower inventory, and increase profits. Herlitz Inventory Management delivered a rich, market focused, customized solution that optimizes customer service levels and will increase profits.

Forecasting 40

Forecasting Optimal Sourcing Forecasting Software Customer Service 40

ToolsGroup

AUGUST 11, 2020

Most use ‘forecast accuracy’ as the main KPI to do this. After all, customers only care about whether they’ve received their orders , not whether your demand forecast is accurate. But…but…you might protest, isn’t an accurate forecast an indicator of our ability to fill orders? And herein lies the misunderstanding.

KPI 156

KPI Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software 156

ToolsGroup

APRIL 25, 2019

Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. The forecast generated by these algorithms degrades as the demand patterns evolve over time.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Supply Chain Shaman

OCTOBER 8, 2019

The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast? There are many reasons why the budget cannot be used as a supply chain forecast. The supply chain forecast is a rolling forecast.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Talking Logistics

JUNE 15, 2018

Driver pay has surged so far in 2018, NTI reports, with gains expected to continue (CCJ). At the Descartes Evolution 2018 conference in March, Mark Holifield, Home Depot’s Executive Vice President of Supply Chain and Product Development, discussed how the retailer is investing $1.2 Supreme Court Turns Aside J.B. No small talk.

Pricing Training 101

Pricing Training Purchasing Training Negotiating Skills Logistics Network Optimization Software 101

Logistics Viewpoints

MARCH 8, 2021

Forecasting beauty products, which are susceptible to a broader sense of what is in or out of fashion, is difficult. But forecasting new product demand is even more difficult. Further, forecasting became more difficult. In 2018, they implemented a LLamasoft inventory optimization solution.

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 255

The Logistics & Supply Chain Management Society

AUGUST 15, 2021

She believes that a central Inventory System that manages all incoming & outgoing transactions and orders will provide a single source visibility, overcome some of her teething problems, and increase productivity in the Order to Fulfilment process. Let us go back to building the new add-ons or the Inventory System.

Supply Chain Design Software 246

Supply Chain Design Software Forecasting Software Predictive Analytics Software Modeling Software 246

GlobalTranz

NOVEMBER 20, 2018

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.

Inventory Management Software 121

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory 121

ToolsGroup

MAY 1, 2018

leaving money on the table due to poor inventory performance. In this stage, retailers hire demand planners to create more accurate forecasts by using point-of-sale data and online transaction history. Additionally, they invest in technologies that combine inputs from various internal sources into the forecast.

Gartner 180

Gartner Supply and Demand Optimal Sourcing Forecasting 180

Enterra Insights

APRIL 4, 2018

If supply chain complexity, global competition, information collection challenges, climate change, natural disasters, and protectionism aren’t enough to worry about, Benjamin Roussey insists five IT security risks are going to make 2018 a nightmare for risk managers. But, how do you forecast and address these possibilities?

Risk Management 100

Risk Management Supply Chain Design Software Supply Chain Planning Software Analytics Software 100

Enterra Insights

AUGUST 1, 2019

Every supply chain professional understands inventory is a necessary evil. Carry too little inventory and you can miss out on sales and anger customers. Carry too much inventory and you increase handling costs and cut into profits. The inventory optimization challenge. The inventory optimization challenge.

Optimal Sourcing 124

Optimal Sourcing Modeling Inventory Reduction Supply Chain Optimization 124

GlobalTranz

MARCH 17, 2022

The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. There have been fluctuations in demand that have made forecasting feel impossible. Supply Chain Management and Maintaining Inventory. And manufacturers have been some of the hardest hit.

Logistics Network Optimization Software 247

Logistics Network Optimization Software Supply Chain Planning Software Inventory Management Software Inventory Reduction 247

Enterra Insights

AUGUST 11, 2022

If floods, heatwaves, and droughts aren’t enough to keep supply chain managers up at night, “forecasters at NOAA’s Climate Prediction Center, a division of the National Weather Service, are predicting above-average hurricane activity this year.”[3] What’s the forecast? ” Footnotes. [1] How to prepare?

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Forecasting Software 130

Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others. This allows Amazon to concentrate on other aspects of the transaction, like shipping, returns and processing.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

Supply Chain Shaman

DECEMBER 17, 2018

They saw a steady drop in inventory and reduced working capital by about 50% over the period of 2011-2015. Impact of Demand Sensing on Inventory Levels. Over this period of 2013-2014 Shell made good progress on inventory, but faced unprecedented supply price volatility. The implementation was very successful. Planting the Seeds.

Demand Planning Software 245

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 245

Talking Logistics

DECEMBER 5, 2018

Therefore, it’s not surprising that the question at the forefront of the most recent Leadership Roundtable meeting (held last month at the Command Alkon ELEVATE 2018 conference ) was, How do we get started? Getting Started with Digital Transformation.

Conference 101

Conference Optimal Sourcing Logistics Network Optimization Software Supply Chain Network Software 101

Logistics Viewpoints

FEBRUARY 8, 2021

Companies are beginning to explore on-demand manufacturing rather than traditional manufacturing models, meaning they can keep less physical inventory on-hand. billion in 2018. In 2018, it became the first street-legal truck to do a fully unmanned run. It was at the forefront of putting autonomous trucks on the road.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 288

Enterra Insights

JUNE 22, 2021

Science writer John Schwartz ( @jswatz ) reports, “Federal scientists forecast that 2021 could see in the range of 13 to 20 named storms, six to 10 hurricanes, and three to five major hurricanes of Category 3 or higher in the Atlantic.”[1] Could inventories at sites outside of the affected area handle production needs?

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Strategy Modeling 130

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Thanks to AI, companies can automate functions such as demand forecasting, capacity and production planning and predictive maintenance.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

ToolsGroup

DECEMBER 17, 2020

Speaking of phone systems, no industry provides a better testing ground than telco, whose many challenges include short product life cycles, high demand variability by region, high value/high margin products (whose excess inventory negatively impacts balance sheets) and extreme multi-echelon distribution complexity.

Supply Chain Planning Software 275

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 275

ToolsGroup

JULY 30, 2019

Adorno steps into this elevated leadership role at a time of accelerated expansion for ToolsGroup, with double-digit growth in multiple regions in 2018. Our strong heritage in probability-based forecasting and machine learning automation positions ToolsGroup to continue to be a strong influencer in supply chain planning.”.

ToolsGroup 120

ToolsGroup Europe Supply and Demand Supply Chain Planning Software 120

RELEX Solutions

NOVEMBER 13, 2019

Stockmann, Finland’s leading department store, has been using RELEX’s forecasting and replenishment system since 2011. That’s why in 2018, they extended the collaboration by introducing RELEX’s forecast-based workforce optimization solution. Like most retailers, Stockmann wrestles with the rapid changes disrupting the sector.

Forecasting 28

Forecasting Forecasting Software Optimization Software Supply Chain Optimization 28

Logistics Viewpoints

NOVEMBER 30, 2020

in 2018 but has steadily grown to 30.6% Finally, inventory accuracy can never be as high in a store as in a warehouse. According to Mr. Valdez, there were four critical improvement initiatives spanning inventory management, transportation, automation, and operational excellence. Target’s gross margin rate was 28.4%in

Procurement Analytics 130

Procurement Analytics Forecasting Inventory Reduction Eliminating Excel in Purchasing 130

GlobalTranz

AUGUST 31, 2018

The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Put brick-and-mortar storage space to use for extra inventory. GET YOUR COPY HERE. Download White Paper.

Supply Chain Design Software 121

Supply Chain Design Software Warehousing Analytics Software Optimization Software 121

Supply Chain Shaman

OCTOBER 8, 2017

If we look back at history, 70% of companies implemented Vendor Managed Inventory (VMI), however two-decades later only 1% of companies use VMI processes to drive a better demand signal. On one extreme, there is an argument that forecasts are always wrong, “Why do them at all?” ” I am in the middle.

Supply and Demand 156

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

ThroughPut

SEPTEMBER 14, 2022

According to a recent study, global spending on IIoT Platforms is predicted to grow from $1.67B in 2018 to $12.44B in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years. Accurate Inventory Management – Accurate inventory management can ensure the right flow of items in and out of a warehouse.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Forecasting Software Predictive Analytics Software 52

Supply Chain Shaman

DECEMBER 30, 2021

I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25 Get Good at Inventory Management.

Supply Chain Design Software 424

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 424

Supply Chain Shaman

MAY 30, 2019

My forecast? Most are clueless about driving a better-planned order flow from tactical planning to procurement or transportation planning or how to improve forecast-value-added (FVA) processes. The most commonly deployed supply chain planning module is forecasting. Second Step: Understand the Role of Inventory.

Inventory Reduction 197

Inventory Reduction Waste Reduction Cost Reduction Strategies Sourcing Strategies 197