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ToolsGroup was named the leader in the 2024 SPARK Matrix™for Retail Forecasting and Replenishment for its ability to optimize demand forecasting and deliver more strategic pre- and in-season replenishment and allocation strategies in complex retail environments. Reserve a time to connect with ToolsGroup at Booth 4043 here.
New solution debuting at NRF 2025 reduces stockouts and markdowns, driving profitability BOSTON January 13, 2024 ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of Inventory.io, an AI-powered solution designed to simplify inventory management and enhance profitability.
However, it’s only early February 2024, and we already have several major disruptions impacting supply chains. As Alan Amling at the University of Tennessee put it, “2024 is riddled with uncertainty.” Logistics and inventory management rounds out the top four focus areas at 82 percent.
With its recent acquisition of Orderbot, a distributed order management solution, OneRail is integrating inventory and order management capabilities to enable store-shelf-to-doorstep visibility. magazines Best Workplaces 2023, was listed on Forbes 2024 and 2023 lists of Americas Best Startup Employers, was named to the Inc.
🔁 Effortless Complex, Project-Based Orders: Coordinate multi-vendor inventory and timelines for consistent customer satisfaction. . 📈 Scaling for Seasonal Peaks: Prepare for fluctuations like spring DIY trends or holiday surges with flexible, scalable systems. Save your spot today!
MODEX 2024, held in Atlanta, Georgia, from March 11 to 14, attracted more than 35,000 attendees and featured over 150 educational sessions, keynote speakers, and networking events. Supply Chain Robotics: A Key Theme of MODEX 2024 One of the main themes of MODEX 2024 was the prominent role of robots in the supply chain.
I am coming to you from the sunny confines of San Diego, CA where I am attending the 2024 Körber Elevate conference. Sean Elliot, Acting Co-CEO kicked off the conference with a keynote that highlighted what Körber did in 2023, but more importantly, where the company is going in 2024. First, supply chains do not operate in isolation.
BOSTON February 3, 2025 ToolsGroup , a global leader in supply chain planning and retail optimization software, today announced it has been positioned as a Leader in the IDC MarketScape: Worldwide Supply Chain Planning for Spare Parts/MRO Industries 2024 Vendor Assessment (Doc ID #US51541424, December 2024).
The latest study highlights opportunities for businesses to strengthen resilience with artificial intelligence (AI)-driven demand sensing to optimize inventory, realize more value from planning investments, and better serve clients during disruptions of any size. Orlando, FL – October 2, 2024 – E2open Parent Holdings, Inc.
Just when it seemed that 2024 would be a very welcome year of “normal” supply chains, the Red Sea crisis proved that for global supply chains, there is no such thing. With this fresh in mind, how are small and medium-sized importers preparing for 2024? And the answer lies in how their 2023 went too.
This article will examine the challenges Belcorp faced with managing its extensive product range and complex supply chain and how our solution set, which includes Service Optimizer 99+ (SO99+), Demand Planning, and the Multi-Echelon Inventory Optimization (MEIO) model, transformed their operations. It played out as follows.
This year, nearly 40,000 attendees comprising 6,200 brands from all over the world headed to the Javits Center to see what new solutions and innovations software and hardware suppliers had in store for 2024 and beyond. Infor is able to use its visibility application to dynamically update ETAs and look at the impact on inventory.
October 14th – 18th 2024 Supply Chain & Logistics News Yesterday, I landed back in the States from my autumn getaway. Its latest biofuel trial and the order of a dozen 13,000 teu methanol dual-fuel container ships in January 2024 with ships scheduled for delivery from 2027.
It is not surprising that the TMS market will nearly double in size between 2024 and 2029, increasing from $11.75 It is no wonder that the AI in the supply chain market will grow more than 10x between 2024 and 2030, from $5 billion to $51 billion. billion to $23.07 Similarly, the WMS market is expected to grow from $3.9
The threat of tariffs prompted companies to preemptively order goods and stockpile inventory to avoid cost-prohibitive levies—tariffs that would have significantly reduced, if not eliminated, demand, particularly for goods from China, their primary target. dropped from near-pandemic-era highs in early April to holiday-period lows by mid-May.
Last week, a team from Blue Yonder attended the 2024 Gartner ® Supply Chain Planning Summit in London. They explored how AI can improve forecasting and decision-making, reducing inventory and lead times. The theme of this year’s conference was “Generating Value Together: Beyond Accuracy, Toward Intelligence.” All rights reserved.
Atlanta, GA – November 21, 2024 – Logility Supply Chain Solutions, Inc. million for the quarter ended October 31, 2024, a 9% increase compared to $13.4 million or 85% of total revenues in the quarter ended October 31, 2024 compared to $21.5 Total revenues for the quarter ended October 31, 2024 decreased 2% to $25.3
Each supply chain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. Align the organization in 2025 to a balanced scorecard of growth, operating margin, inventory turns, ROCE, and order fulfillment. The answer is not th e Gartner Top 25.
Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. 12 Useful Websites to Help You Liquidate Inventory and Make Money This blog post is about websites that can help you sell excess inventory and convert it into cash. Download Procument Reports 7.
Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?
It is worth noting that the major damage to interstate highways from Hurricane Helene in September 2024 took more than five months to repair. In 2024 alone, the billion-dollar damage mark was exceeded by 27 weather-related disasters in the U.S., history was the response to Hurricane Helene in September 2024. The largest U.S.
During the 2024 holiday season, it reduced unnecessary package movement and shortened delivery distances by leveraging AI to strategically position inventory closer to customer locations. Walmart has implemented AI to enhance inventory forecasting. This is known as a human-in-the-loop (HITL) model.
Lastly, in 2024, global CO2 emissions from energy reached a record high, and analysts indicate that the world is not on track to meet its renewable energy targets, despite widespread deployment of renewable energy in the last year. weeks of inventory at retailers. FedEx is continuing its Network 2.0
In 2024, their supply chain planning solution was added to the platform. Manhattans Omnichannel solutions provide an operating platform for digital commerce, retailers, and wholesale businesses. The company also sells supply chain planning and transportation management solutions.
Inventory Management AI Agents can track stock levels in real-time and compare them with demand forecasts, optimizing inventory levels and preventing overstock or stockouts. Multi-agent systems can monitor inventory levels and trigger restocking or adjust shelf space allocation.
Supply Chain Matters provides our summary and perspectives wrap up of the 2024 holiday fulfillment season. The Numbers Government data along with added adjustments by The National Retail Federation (NRF) indicates that retailers experienced a rather positive 2024 holiday fulfillment period. percent to a record $5.28
For demand forecasting, this means looking beyond mere accuracy to focus on: Strategic decision-making improvements Cost reduction strategies Inventory optimization Customer service enhancement 2.Understand Define Clear Business Outcomes The most successful technology investments start with a clear understanding of desired business outcomes.
When we compare the companies listed on the Gartner Top 25 to peer group results for the period of 2013-2023, we find that 59% of the listed companies score below their peer group on year-over-year growth, 41% below their peer group on inventory turns, and 41% fall below their peer group on Return on Invested Capital (ROIC).
The Warehouse Management System market nearly grew by $1 billion in 2024, following a robust four-year climb since the pandemic. E-commerce giants like Amazon, Alibaba, Temu, and Shein are expanding their global warehouse footprints, driving the adoption of WMS to manage inventory, reduce lead times, and optimize last-mile delivery.
BOSTON – January 15, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports. Across all report categories, less than 4% of products and services earn Leader recognition.
This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels. ToolsGroup’s advanced supply chain planning and optimization suite will be instrumental in refining our inventory management strategy and enhancing our competitive edge.
According to McKinsey & Company and BoF Insights State of Fashion 2025 report, achieving Inventory Excellence is a critical priority for retailers aiming to remain profitable amidst these economic challenges. Stay in touch with ToolsGroup on LinkedIn , Twitter and YouTube or visit www.toolsgroup.com.
IoT devices track inventory in real time, providing valuable insights into stock movement, reducing waste, and ensuring products are available when needed.” ” Inventory optimization. This prevents surplus, reduces carrying costs, and minimizes the risk of stockouts, ensuring a balanced inventory.”
Black Friday 2024 is in the rearview mirror, and the results are in. Stockouts and Overstock Hurt Retailers The inventory imbalance was glaring this year: 33% of shoppers ** reported being unable to find the items they wanted due to stockouts. Plan real-time adjustments to your inventory to meet shifting trends.
Boston, MA – May 2, 2024 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is thrilled to announce that it has been recognized as a Leader in seven separate G2 Spring 2024 reports. This achievement underscores ToolsGroup’s commitment to excellence and innovation in the supply chain industry.
Enter our list of supply chain trends for 2024. Even those in the early stages of adoption can leverage its strategic advantages, making 2024 a pivotal year for transforming supply chain execution. The same holds for the supply chain organization.
Supply Chain Matters highlights updated forecasts and support services related to the 2024 holiday fulfillment period. As Supply Chain Matters highlighted in January 2024 , the initial 2023 holiday sales number was reported as $964.4 Noted was that spending is expected to increase between 2.5 percent and 3.5 billion and $989 billion.
BOSTON & LONDON — January 15, 2024 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite.
The Ferrari Consulting and Research Group through its affiliated Supply Chain Matters blog provides both perspectives and self-rating observations regarding our January 2024 published Research Advisory- 2024 Predictions for Industry Global Supply Chains.
The research methodology for the Supply Chains to Admire compares the performance of a company against its industry peer group for the metrics of Year-over-Year Revenue Growth, Inventory Turns, Operating Margin, and Return on Capital Employed (ROCE). The methodology is now 20 years old.
The curtains have closed on the National Retail Federation (NRF) 2024 Retail’s Big Show, and this year’s event has been extraordinary, with a record-breaking attendance of nearly 40,000 participants from around the globe. The overarching theme was the translation of technological advancements into actionable results.
billion in 2024 to $41.02 ToolsGroup’s AI-powered supply chain software is helping manufacturers navigate this new landscape: Probabilistic Demand Forecasting : Accurately predicts demand for reused and recycled parts, minimizing excess inventory. billion by 2033.
Moreover, this course offers a comprehensive overview of production and operations management concepts that covers: Process Improvement Quality Control Inventory Management. However, another fantastic thing about this course is that it is FREE. Head over to the course to be a pro at production and operations management.
More Resources Home Red Sea Crisis and Early Peak Season Surge Disrupt Global Supply Chains for some SMBs Judah Levine July 24, 2024 Since early May, supply chains have faced significant disruptions due to congestion caused by Red Sea diversions and an early start to ocean freight’s peak season.
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