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Supplychain practitioners seeking the best way to speed decision intelligence, unify supplychain data, and increase operational efficiency can benefit from a supplychain data gateway. Here are 10 ways a supplychain data gateway can improve your performance across the end-to-end supplychain.
Supplychain practitioners seeking the best way to speed decision intelligence, unify supplychain data, and increase operational efficiency can benefit from a supplychain data gateway. Here are 10 ways a supplychain data gateway can improve your performance across the end-to-end supplychain.
If you’re exploring procurement technology, chances are you’re not just looking for a better tool – rather, you’re looking for a smarter, scalable strategy. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. The 2021supplychain shortage is the story of our lives today, as the enormous bullwhip effect of COVID continues.
Amongst the issues faced by both businesses and consumers in 2021, supplychain shortages – and the resulting challenges – held strong in the headlines throughout the year. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges. Just how bad were supplychain challenges in 2021?
During my current supplychain planning market research, I have received briefings from several SCP companies. The people who work with us are those who really, truly believe in what we believed in from the start, that is, autonomous supplychains are possible. You set a target inventory level. You route a truck.
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The supplychain can handle cost increases more easily than variability. Freight Rates 2019-2021.
In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supplychain operations, will increase their revenue by 20 percent in 2025. For reasons of climate change and profitability rewards, maintaining a more sustainable approach to the supplychain is obvious.
If your company’s supplychain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supplychain resiliency test. Supplychain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks.
The SVP of SupplyChain at Walmart speaking at Blue Yonder’s virtual user conference. Following their fourth quarter results, top executives talked about their supplychain and omnichannel strategy at a high level. Walmart’s fiscal 2021 ended on January 31 st. Walmart’s operating income was $22.5
It’s also why so many of our customers are eager to share their supplychain success – and have even won awards of their own in partnership with ToolsGroup! Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supplychain decision making.
BOSTON, March 19, 2021 – ToolsGroup, a global leader in supplychain planning software, has been named a leader in the Nucleus Research SCP Technology Value Matrix 2021. Access the Nucleus SCP Technology Value Matrix by Andrew MacMillen, March 2021. About ToolsGroup.
BOSTON – August 3, 2023 – ToolsGroup, a global leader in retail and supplychain planning and optimization software, is proud to announce it has been named among ten Notable Vendors included in Gartner’s Midmarket Context: Magic Quadrant for SupplyChain Planning Solutions (July 2023). All rights reserved.
Mi9 Retail’s Demand Management business was formerly known as JustEnough Software. Combined company gives retailers a powerful new technology arsenal to efficiently improve product availability under constrained supply and outperform the competition. Acquisition coincides with significant new growth investment from Accel-KKR.
We’ve only just entered the second half of the year and people haven’t even taken their summer vacations yet, so why are we talking about holiday supplychains now? You might be thinking, “Well, but what about growing retail inventories? Shouldn’t this alleviate the pressure on holiday supplychains?”. Not really.
Recent cumulative events have increased the emphasis on the supplychain, emphasizing its importance and bringing it to the fore. As was quoted, “no one mentions the supplychain when it works, but when it fails….” The COVID-19 pandemic has been global, with no country or organization immune from its impact.
Each year, we compile a list of top-performing SupplyChains, termed the SupplyChains to Admire. This week, while all my friends are on vacation, I am writing the final report for the SupplyChains to Admire. Our goal is to continually redefine the definition of supplychain excellence.
That’s why staying on top of the latest supplychain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supplychain planning.
Over the past three decades, three technological shifts have transformed the fashion industry. First, in the early 2000s, advancements in data analytics, RFID, and localized supplychains fueled the rise of “fast fashion.” Now Let’s Get to The SupplyChain & Logistics News for the Week!
After a dramatic drop at the beginning of the pandemic, SupplyChain Management (SCM) and Enterprise Resource Planning (ERP) software public valuations are near twice the ten-year average. The majority of the transactions are in Enterprise Resource Planning (91) versus supplychain planning (31).
When my fiance heard about the price, he advised that I find a local hairdresser and set up a frequent-shopper account with them for a few months until the tool is back in stock. When the pandemic started in 2020, no one could foresee the impacts of the global supplychain disturbances would last this long.
Belcorp’s Maturity in SupplyChain Design. When companies implement enterprise software solutions, they often label that implementation as being part of their company’s digital transformation. Using this software effectively is about more than the functionality.
Over the year, COVID-19 introduced even greater complexity into the already difficult work of supplychain planning–and changed supplychain from a practitioner-focused topic to everyday dinner table conversation. Digital supplychain transformation will accelerate.
e-commerce sales increased again in 2021, up 14% year-over-year (YoY), and by more than 50% compared to 2019. Multi-carrier parcel shipping technology empowers fulfillment teams. Multi-carrier parcel shipping technology gives merchants the functionality they need to roll out these offerings and better serve customers.
Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supplychain–takes longer to recover. Time For Action.
The Council for SupplyChain Management Professionals (CSCMP) and ToolsGroup surveyed more than 200 supplychain professionals around the world on the state of supplychain digital transformation in planning. The Current State of SupplyChain Digital Transformation. Watch Webinar.
The Role of Digitisation and Analytics in SupplyChain Resilience. by Dr Shereen Nassar – Global Director of Logistics Studies and SupplyChain Management Programmes Heriot-Watt University Dubai. Digital SupplyChain to Drive Resilience.
If your company’s supplychain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the resiliency test. Let’s start here: what is supplychain resilience? What is SupplyChain Resilience? Embracing technology is part of that solution.
ToolsGroup’s GM of North America, David Barton, sat down for a video interview with Robert Bowman, managing editor at SupplyChain Brain , to share anecdotes and advice for supplychain planners in a year no one could have planned for. What’s your top advice for supplychain companies for the rest of 2020?
Megatrends Shaping SupplyChain Innovation. While the COVID-19 pandemic woke up supplychains around the world, the ripple effects continue to disrupt in both size and scope. How are supplychains planning for further disruption and uncertainty? Creating a more resilient supplychain.
ATLANTA – January 25, 2022 – According to PWC’s December 2021 Global Consumer Insights Pulse Survey , about half of respondents consciously consider factors related to sustainability when making purchasing decisions. Logility, Inc., Perform, review, monitor and submit corrective action plans regarding all aspects of social compliance.
When new industrial technology emerges, it is large companies that implement them first. There is a lag before smaller companies begin to implement the technology. The Fleet Feet SupplyChain The goal for the Carrboro, North Carolina-headquartered retailer is to make each store a hub for the local running community that it serves.
For businesses of all sizes, the digital transformation of supplychain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on SupplyChain Digital Transformation projects.
Logility recognized for moving the food and beverage supplychain forward efficiently. 21, 2021 – Logility, Inc., a leader in supplychain innovation powering the sustainable and resilient enterprise, today was announced a winner of Food Logistics’ 2021 Top Software & Technology Providers award.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. This article is from Asena Denizeri & Anil Gurbuz at Solvoyo and examines the challenges around supplychain planning for 2022 and beyond.
Selecting the right supplychain planning technology isn’t simply about solving a current challenge. The implications are much broader–if you implement the wrong software, you hinder your organization’s overall supplychain strategy and business objectives. It requires many changes for an organization.
The manufacturing industry faces many challenges, such as a skilled labor shortage, supplychain instability, and inventory management issues. Here are the challenges we’re seeing across the industry, and what they mean for your supplychain and your shipping processes.
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.
Hannah Kain and Joe Lynch discuss the outsourced supplychain, a topic Hannah is familiar with due to ALOM ‘s extensive experience managing supplychain functions for diverse industries. About Hannah Kain Hannah Kain is President and CEO of ALOM, a supplychain company she founded in 1997.
Any discussion on supplychain risk management and applying managed transportation to help prevent risks from coming to fruition is incomplete without touching on the pandemic to overcome supplychain disruption. Market Volatility Continues to Undermine SupplyChain Risk Management.
EvoAI is the dynamic demand discovery technology that powers all Evo products. It can ingest massive amounts of internal and external data and process it within the unique algorithmic engine to deliver easy-to-apply recommendations on how to optimize inventory levels, streamline supplychains, and maximize revenues.
Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations Cooper University Health Care, like most companies, struggled with their supplychain during COVID. The company bought a risk solution that provides real-time alerts to potential supply disruptions. We knew exactly what we couldn’t get.”
If this challenging past year has taught us one thing, it is the value of connections–not only in our lives, but in supplychains. Indeed, when customers contact us for planning support through our COVID-19 Action Center, they are usually grappling with similar supplychain disruptions–or disconnections. .
Disruption has been the name of the game for more than a year as supplychain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supplychain volatility.
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