EazyStock

DECEMBER 13, 2020

A vaccine won’t magically eradicate the coronavirus; instead, it will take the vaccine coupled with additional widespread safety measures to usher in a ‘new normal’ – optimistically, by Q3 of 2021. The prevailing effects of COVID-19 are uncertainty and disruption; the key to planning ahead for 2021 will be to analyze the effects of 2020.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Inventory Management Software Resource Reduction 98

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. What do you predict will be different for retailers in 2021? Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

ToolsGroup

JULY 27, 2021

No forecast can predict the future with absolute certainty. For uncertain demand environments, probabilistic forecasting is the most reliable forecasting method because it takes inaccuracy and uncertainty into account. Sense Consumer Demand to Fine-Tune Forecasts. Make Sure Your Inventory is Healthy.

Agile and Lean Supply Chain 290

Agile and Lean Supply Chain Supply and Demand Supply Chain Planning Software Gartner 290

Enterra Insights

AUGUST 5, 2022

.”[1] Here’s the rub: “All those excess retail inventories are starting to weigh on warehousing markets. ” To make room for new inventory, many of America’s largest retailers are steeply discounting excess goods this summer. … And it’s not just Walmart.”[2]. ”[2].

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Inventory Reduction Price Reduction 130

ThroughPut

DECEMBER 4, 2022

A report by Acosta, a US-based sales and marketing agency, on grocery store trends for 2021 indicates that 46% of people now use online delivery more than they did before the pandemic. When demand can be anticipated with accuracy, it can be delivered efficiently with demand forecasting techniques.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

The Smart Software

SEPTEMBER 22, 2021

today announced that will participate at the Microsoft Community Summit North America 2021 and preview it’s soon to be released Gen2 forecasting algorithms.1. The post Smart Software to Preview New Gen2 Forecasting Models at Microsoft Community Summit 2021 appeared first on Smart Software. Smart Software, Inc.,

Forecasting 52

Forecasting Modeling Software Forecasting Software Modeling 52

EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Consequences of poor demand forecasting. Use appropriate historical data.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Let me share some and see what you think: Does forecast ownership make a difference in outcomes?

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 369

Supply Chain Matters

MARCH 22, 2022

In this Supply Chain Matters commentary, we highlight the latest OECD global economic forecast in the ongoing light of the Ukraine conflict and provide some additional industry supply chain implications. . It this agency’s prior December 2021 forecast, OECD had forecasted that global GDP growth would moderate to 4.5

Forecasting 52

Forecasting Ukraine Price Reduction Inventory Reduction 52

SYSPRO Smarter ERP

MARCH 3, 2021

As the ripples from 2020’s global events are still being felt throughout the manufacturing industry, now more than ever it is essential for manufacturers to manage their supply chain, forecast demand, and use production resources as efficiently as possible. The post Take Control of Your Inventory in 2021 appeared first on SYSPRO US.

Inventory 71

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Logility

AUGUST 4, 2022

That’s up from 11% at the end of November 2021. Retailers including Walmart, Target, Macy’s, Amazon and Best Buy are dealing with a combined $45 billion in excess inventory from orders placed during the height of the pandemic, according to Bloomberg. ” Understanding the Impact of Pricing and Promotion on Inventory.

Price Reduction 130

Price Reduction Inventory Reduction Analysis Resource Reduction 130

NC State SCRC

DECEMBER 15, 2022

However, I’ve been hearing more and more stories about how the rapid over-expansion of many brands and retailers in 2021 has proven to result in all kinds of problems, specifically around additional inventory, excess capacity, and over-expansion of the workforce.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Manufacturing Procurement 52

ToolsGroup

SEPTEMBER 26, 2023

Fabrizio Fantini, Founder and CEO of Evo commented, “Together with ToolsGroup, we can shape the vision for the supply chain of the future – one that powers smarter supply chain decisions for human managers through optimal price and inventory calculations. We are very excited about this new chapter in Evo’s journey.”

ToolsGroup 296

ToolsGroup Prescriptive Analytics Software Supply Chain Planning Software Modeling 296

Arkieva

NOVEMBER 9, 2021

Tools of the Trade: How “Forecastable” is Your Data? Complexity Exists Whether You Ignore It or Not was first posted on November 9, 2021 at 1:02 pm. These “key tools” balance a need for simple with a need to handle the complexity of SCM – following the IBM adage – complexity exists whether you ignore it or not, best not to ignore it.

Forecasting Software 78

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ivalua

JULY 12, 2021

Helping businesses reduce the risk of supply chain disruption, optimize inventory levels and make better buying decisions. Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability.

Real-time Visibility 130

Real-time Visibility Optimal Sourcing Inventory Reduction Procurement 130

EazyStock

JANUARY 27, 2021

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. With that in mind, here are a few trends for 2021 that could help your business outlast the pandemic: Supplier Diversification. Automation.

Inventory Management Software 96

Inventory Management Software Supply Chain Software Supply Chain Planning Software Inventory Reduction 96

ToolsGroup

JULY 28, 2023

The vendors included in this report all met the criteria of earning 60% or more of their 2021 revenue from midmarket enterprises with 100 to 999 employees or $50 million to $3 billion in revenue.” ToolsGroup’s continued focus on customers has driven technological innovations that make its solutions invaluable to midmarket companies.

Gartner 290

Gartner Supply Chain Planning Software ToolsGroup Vendor Strategies 290

Enterra Insights

FEBRUARY 16, 2021

High risk will be the new normal for 2021 and following years. 2] They are: #1 Your organization uses a manually intensive end-to-end forecasting and planning process. If this describes your planning framework, Singh says, “You may be ready for a fresh look at how you are forecasting. It does not really model demand.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 100

ToolsGroup

NOVEMBER 8, 2021

BOSTON (Nov 8, 2021) – ToolsGroup , a global leader in supply chain planning and optimization software, today announced its acquisition of Mi9 Retail’s Demand Management business. Global e-commerce sales in the first quarter of 2021 rose nearly 40% year-over-year. For three consecutive years between 2019 and 2021, Inc.

ToolsGroup 317

ToolsGroup Modeling Demand Management Demand Planning Software 317

Enterra Insights

JUNE 22, 2022

The irony of excess inventory. Reporters from Bloomberg explain, “A nationwide inventory glut has led to unexpected bargains for U.S. Excess inventory was also caused by the Bullwhip Effect. ” Optimizing inventory. trillion because of mismanaged inventory.”[7]

Inventory Reduction 130

Inventory Reduction Inventory Prescriptive Analytics Software Inventory Management Software 130

ToolsGroup

OCTOBER 14, 2020

All these scenarios of course create huge demand fluctuations companies need to deal with that differ completely from their historical demand forecasts. Of course, demand forecasts are the biggest concern people have. They need to apply corrective actions for the forecast for next year. Keep communication open.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 296

ToolsGroup

JULY 25, 2023

The partnership began in 2021, as ToolsGroup explored more avenues for leveraging its powerful AI-driven supply chain planning solutions. Soon after, ToolsGroup’s probabilistic Demand Planning & Forecasting became the foundation of Lãberit’s Supply Chain & Industry 4.0

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Forecasting Software 156

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 235

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Logistics Viewpoints

JANUARY 11, 2023

billion globally, and I forecast it to grow to $9.9 Inventory Management in a High Inflation Environment ; Clint Reiser. Instead, they are likely to carry higher levels of inventory as a lower cost alternative to minimizing disruptions. Can Improving Forecast Accuracy Address Our Demand Planning Woes? billion in 2019.

Logistics Network Optimization Software 216

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 216

Unleashed

JUNE 7, 2023

Inventory optimisation is the process that enables efficient inventory management. In this guide, we define inventory optimisation and offer a few actionable tips and strategies for getting it right every time. In this inventory optimisation guide: What is inventory optimisation?

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

3PL Insights

SEPTEMBER 20, 2021

After the shipping delays and supply shortages that were caused by COVID-19, many businesses have opted to keep more inventory on-hand in distribution centers. Inventory Pileup. This is causing inventory pileup in a new way. Before inventory pileup was storing more product than what was being sold. Labor Shortage.

Warehousing 98

Warehousing Inventory Reduction Expense Reduction Supply Chain Planning Software 98

ToolsGroup

FEBRUARY 10, 2022

You’ll also recognize the power of demand shaping by looking at the results of 2021’s holiday shopping , where retailers overcame supply chain challenges by offering sales throughout the month of November. Influence Demand with these Demand Shaping Techniques. Change availability by increasing or decreasing distribution.

Inventory Reduction 156

Inventory Reduction Modeling Price Reduction Waste Reduction 156

o9 Solutions

NOVEMBER 1, 2021

Let’s look at some other examples: In early 2021, a TikTok video about a Feta Cheese & Pasta Bake recipe (#FetaPasta) went viral and caused a surge in demand for Feta Cheese. The o9 AI/ML-powered platform ingests these external variables (and many thousands more) and analyzes the impact on the existing forecast.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

ToolsGroup

OCTOBER 12, 2021

Brands like American Eagle Outfitters focused on inventory optimization and flexibility, supply chain transformation, lower SKU counts and fewer shipments per order for improved supply chain performance. So we thought it would be good to examine some key capabilities in fashion supply chain planning and the technologies that support them.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Optimal Sourcing 156

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Implementation of Sales Forecasting. The focus on sales forecasting started shortly after Y2k. Lack of Focus on Form & Function of Inventory and Designing Network Flows.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Vanguard Software

MARCH 2, 2021

Vanguard Software Named in the Honorable Mention List in the 2021 Gartner Magic Quadrant for Supply Chain Planning Solutions. 2021 Market Report: Cloud Integration Adoption Spikes in B2B Supply Chains. Blog Integrated Business Planning: The Role of Financial Forecasts: Part 1. Financial Planning & Forecasting.

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Software Predictive Analytics Software Forecasting 52

ModusLink Corporation

FEBRUARY 9, 2022

Inventory Management has always played a key part in any successful Supply Chain. Correctly managing inventory levels helps companies to swiftly adapt to unpredictable changes within the marketplace. Without adapting to the current demand, your winter jackets will become excess inventory overtime. Inventory Management.

Inventory Management Software 78

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 78

ToolsGroup

APRIL 14, 2023

Powered by ToolsGroup Inventory Hub, which provides real-time perpetual inventory signals from across the enterprise, JustEnough enables complete dynamic forecasting, allocation, replenishment, and fulfilment for more accurate forecasts, more agile merchandise financial plans, and more precise assortment and inventory stock plans.

ToolsGroup 120

ToolsGroup Supply Chain Planning Software Supply Chain Software Forecasting Software 120

Logility

JUNE 23, 2022

workers have quit their jobs since April 2021, disrupting businesses everywhere. One such capability among many in the Logility® Digital Supply Chain Platform portfolio is demand parameter optimization (DPO), a machine learning application that automatically fine-tunes a subset of forecast parameters in order to improve forecast accuracy.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Software Forecasting Software Demand Planning Software 173

SYSPRO Smarter ERP

MAY 4, 2022

Complete halts result in backlogs and delays, which will impact warehouses and more importantly, their inventory management. Inventory takes many forms, ranging from raw materials to finished goods. Inventory exists because a buffer is needed to balance out the uncertainties between demand and supply. Survey findings.

Inventory Management Software 105

Inventory Management Software Inventory Management Inventory Reduction Inventory 105

Logility

FEBRUARY 24, 2021

ATLANTA (February 24, 2021) American Software, Inc. NASDAQ: AMSWA) today reported preliminary financial results for the third quarter of fiscal year 2021. million for the quarter ended January 31, 2021, a 29% increase compared to $5.8 million as of the quarter ended January 31, 2021 compared to $25.5 million or $0.07

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimization Software 130

DynaSys

FEBRUARY 3, 2021

Time series forecasting cannot predict unprecedented events , disruptions like staff absenteeism, supplier or line loss, and even switching to producing a new product requires using cleansed historical data.” The need to integrate economic and COVID public health data into your forecasts. It is all about your data.

Modeling 97

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 97