ToolsGroup

Inventory Planning vs. Inventory Optimization: What’s the Difference?

ToolsGroup

What’s the difference between traditional inventory planning and inventory optimization? Anyone can come up with a plan. The real challenge is making sure it’s a good plan. Optimizing your inventory is a different beast than simply planning your inventory.

The New Normal: Predictions for Retail in 2021

ToolsGroup

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.

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Clouds are Gathering for an Open Platform for Supply Chain

ToolsGroup

If this challenging past year has taught us one thing, it is the value of connections–not only in our lives, but in supply chains. We saw this right at the start of the pandemic, when parts being manufactured in Wuhan province disrupted car manufacturers’ production lines around the world.

Transforming to a Customer-Driven Digital Supply Chain

ToolsGroup

This blog was originally published on [link]. Building a customer-focused, digitally enabled supply chain comes with its challenges, but the benefits make the effort worthwhile.

Webinar on Demand: 3 Ways to Make your Operational Execution More Robust with S&OE

Speaker: Sander van Lokven and N.S. Krishnan

S&OE provides an early warning system that helps business stakeholders sense and optimize their responses. This keeps the supply chain out of firefighting mode, smoothens relationships with customers and suppliers, and helps sustain margins by reducing the cost to serve.

Top 6 Predictions for Supply Chain Planning in 2021 and Beyond

ToolsGroup

Just when things couldn’t possibly get any crazier, 2020 finally came to a close. Over the year, COVID-19 introduced even greater complexity into the already difficult work of supply chain planning–and changed supply chain from a practitioner-focused topic to everyday dinner table conversation.

Podcast: Reinforcing Supply Chains Through Digital Transformation

ToolsGroup

In episode five of Be Ready for Anything, hear from George Fowler, Group Vice President at Spinnaker SCS, about how strategic digital transformation initiatives prepare supply chains to successfully withstand significant business disruptions.

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Podcast: Designing Supply Chains for Sustainability

ToolsGroup

In episode four of Be Ready for Anything, hear from Martin Jertz, ToolsGroup’s Business Development Manager for Central Europe, about how organizations can build sustainability into their supply chains while trimming costs and improving efficiency.

How Do You Plan for the Unpredictable? Advice for Supply Chain Planners in 2020

ToolsGroup

ToolsGroup’s GM of North America, David Barton, sat down for a video interview with Robert Bowman, managing editor at Supply Chain Brain , to share anecdotes and advice for supply chain planners in a year no one could have planned for.

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

How has COVID-19 affected your business? Are you experiencing a change in demand given the changes to the economy and government measures? Our business fortunately hasn’t been significantly affected, aside from having our travel and events curtailed.

Perfect Delivery: The New Rules for Survival, Innovation, and Growth

As supply chain complexity increases, so do challenges to achieving the perfect order. ARC Advisory Group shares: hurdles faced in achieving the perfect order, opportunities to increase customer satisfaction and reduce costs, and how cloud SCM contributes to operational flexibility.

Get Started Using Machine Learning for New Product Forecasting

ToolsGroup

New product introductions (NPI) are critical to any company’s success, but many of them never become household names. In fact, it’s estimated that up to 80 percent of new product launches in the consumer packaged goods (CPG) industry fail. Adding to this already uphill battle, we don’t have trustworthy new product forecasting methods because forecasting new products with no sales data is very hit-and-miss.

Here’s How to Make Your Next Supply Chain Software Evaluation Agile Instead of Agonizing

ToolsGroup

Remember 12 months ago, when we were all merrily celebrating Thanksgiving and starting our Christmas shopping, blissfully unaware of what was awaiting us just around the corner in 2020?

Melitta: Collaborating for an Improved Forecasting Process

ToolsGroup

Melitta is a household name for anyone who drinks coffee, but the Melitta Group’s business activities extend far beyond drip filters for your morning brew. With a revenue exceeding 1.6 billion Euros, Melitta products also include kitchen staples like aluminum foil and sandwich paper.

Tips for Getting Executive Buy-in for Supply Chain Planning Software

ToolsGroup

Are you making an action plan of all the things you could do better and faster with your supply chain planning software when the next global crisis hits? The Coronavirus has demonstrated that the real world doesn’t play by the rules. The disruption we’ve seen in supply chain planning as a result of the pandemic is unprecedented. And as companies have learned the hard way, you can’t rely on the traditional planning models you’ve always used to get you through this new reality.

Digital Order Fulfillment: The Game Has Forever Changed

Achieving cost-effective OTIF delivery across multiple channels requires a dynamic approach. Digital order fulfillment can help businesses adopt a more intelligent, agile, and holistic strategy that drives true optimization and customer loyalty.

Optimizing Inventory Is About Improving Service While Lowering Inventory. Wait, What?

ToolsGroup

Optimize. /??pt?m??z/. verb. make the best or most effective use of (a situation or resource). Oxford Languages). One of the hardest parts of my job is helping customers get to grips with complex, counterintuitive supply chain concepts.

ToolsGroup Supply Chain Forecast | Inventory Now Available ?in the Microsoft Azure Marketplace

ToolsGroup

Microsoft Azure customers worldwide now gain access to ToolsGroup ?Supply Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock.

Melitta Builds More Efficient, Demand-Driven Supply Chain ?with ToolsGroup

ToolsGroup

ToolsGroup supply chain planning software enables Melitta Sales Europe to centralize demand planning and improve S&OP and promotions management.

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Tips to Keep Your Digital Planning Transformation on Track at Every Stage of the Journey

ToolsGroup

The year 2020 has thrown us all for a loop, and the resulting drastic shifts in demand are motivating companies to accelerate the digital supply chain transformations that for some may have been languishing in early stages.

How Does Your Inventory Optimization Process Compare to Peers?

The 15-question assessment takes only 5 minutes to complete. Take it now to see how your inventory optimization process scores and benchmark it against peers. Responses are aggregated and kept anonymous. We hope it serves as a thought-provoking exercise to improve your approach!

Is Your Supply Chain Ready for Social Media-Fueled Demand Volatility?

ToolsGroup

Have you noticed how the clock speed of just about everything has sped up considerably in just a few years?

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast. They care if you have the inventory they want when they want it.

Is Your Supply Chain ‘Ready for Anything’?

ToolsGroup

Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. In an ever-changing global economy with all its unexpected twists and turns, supply chain leaders are looking for a way to be ready for anything the real world throws at them.

Here’s How SKF Clinched the Gartner Supply Chainnovator Award with Digital Twin

ToolsGroup

ToolsGroup extends congratulations to SKF, which edged out tough competition from other finalists Shell Lubricants and Siemens to win the 2020 Gartner Supply Chainnovator Award in the Industrial category. SKF’s use of a digital twin for analytics to support integrated planning demonstrated exceptional supply chain innovation.

Ocean Supply Chain Visibility: Adapting and Thriving in a Rapidly Changing Global Economy

Building off of the lessons and challenges of 2020, what are global businesses and supply chains doing in 2021 to go beyond survival and truly thrive?

Service Level Should Be Your Number One Supply Chain KPI…But What Does It Really Mean?

ToolsGroup

To adapt an old saying, the idea that great service should be a top supply chain priority is as universally accepted as motherhood and the dominance of the ‘92 Dream Team. In fact, it’s one of the few things people wouldn’t disagree on these days.

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Five Inventory Optimization Secrets for Aftermarket Parts

ToolsGroup

It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence.

A Different Solution to the Supply Chain Talent Shortage

ToolsGroup

“78% of respondents to Gartner’s most recent Chief Supply Chain Officer Survey identify talent as the No. 1 long-term supply chain risk”. There is a lot of documented evidence of a shortage in supply chain talent. Why is it happening? Planning is becoming increasingly complex; not only due to the increasing demand and supply chain complexity, but also due to the wide range of new data sources such as channel data, retail data and even web data - nearly all of which wasn’t available years ago.

Another Way to Think About Supply Chain Risk Management

ToolsGroup

In a previous blog we described a new concept introduced by Gartner Research about the need for both macro-agility and micro-agility. Now we apply this same macro-agility and micro-agility concept to risk management. In the era of the global supply chain, many companies think about risk management in terms of “ macro agility ”—their ability to anticipate the likelihood of, and develop readiness plans for, major crises that impact the chain, like geopolitical instability and extreme weather.

GEP Outlook 2021 Report

It’s 2021, and many enterprises are still reeling from the unprecedented disruption of last year. Get a leg up with the GEP Outlook 2021 Report, featuring eight critical leadership themes that will help you navigate uncertainty and thrive in the new normal.

Podcast Episode 2: Minimizing Supply Chain Risk Amid COVID-19

ToolsGroup

In this episode of Be Ready for Anything, hear from Tommaso Chierchia, ToolsGroup’s Director of SOExpress Delivery, about the primary types of supply chain risk arising out of COVID-19, and how organizations can proactively minimize their exposure. We cover how to minimize manual intervention, what strategies have proven most effective in the COVID era, and how to speed your recovery. Watch the video below. Blog Featured

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McDonald’s Mesoamérica Supply Chain Response to COVID-19

ToolsGroup

Businesses around the world are learning to adapt as best they can to the COVID-19 supply chain impact. Unpredictable consumer behavior in response to macro events creates demand volatility in every link of global supply chains. The number-one defense against this radical uncertainty is a resilient supply chain that’s ready for anything.

Five Things You Need to Know about Inventory Optimization in the Digital Age

ToolsGroup

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. The reality is that this transformation takes time and a change of mindset. It’s about learning to transition from long-held inventory systems and processes, having new conversations across logistics and sales, and the shifting role of supply chain planners.

How Promotions Planning Software Enables Collaboration That Pays Off

ToolsGroup

Promotions planning is challenging, but promotions planning software can help alleviate some of the common pain points companies face when they try to improve their forecast accuracy and increase promotions generated revenue. After spending half my career in marketing and the other half in supply chain, there’s one thing I know for certain: marketing and supply chain don’t speak the same language.

Become a Walmart On-Time In-Full Guru With the Ultimate Guide to OTIF!

Information on Walmart’s On-Time In-Full program is scattered, so we’ve put together everything you need to know about OTIF. Download this ebook to get the skinny on OTIF metrics, identifying the root cause of issues, and how to improve your scores!