ToolsGroup

AUGUST 20, 2021

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” This is different from problematic ABC inventory classification.

Modeling 317

Modeling Inventory Reduction Inventory Forecasting 317

ToolsGroup

OCTOBER 14, 2024

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.

Modeling 156

Modeling Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 156

RFgen

NOVEMBER 13, 2024

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?

Inventory Management Software 96

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 96

ToolsGroup

JUNE 2, 2023

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

ToolsGroup

MARCH 30, 2022

It’s no simple task providing customers access to the full range of capsules and coffee machines on all sales channels, across more than 70 boutiques in Italy, while optimizing inventory levels. ToolsGroup simplifies the task of creating orders for individual points of sale and monitoring inventory levels. Optimized transport.

Supply Chain Planning Software 317

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization 317

ToolsGroup

MARCH 31, 2025

Advanced supply chain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables. The result?

Forecasting 156

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 156

ToolsGroup

MARCH 31, 2025

Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Forecasting Software Inventory Reduction 156

Supply Chain Shaman

JANUARY 2, 2024

The month of December was my longest writing respite since I started this blog in January 2010. Posting the first blog seems like yesterday, but thirteen years and over 540 blogs later, taking a pause from a weekly deadline was badly needed. Today is a writing day. My last post was December 7th, 2023. ” Figure 2.

Gartner 368

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 368

ToolsGroup

MARCH 18, 2025

Your Aftermarket Supply Chain is More Complex Than You Think: Stop Guessing, Start Optimizing Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Suboptimal inventory distribution: excessive stock in low-demand locations and shortages in high-demand areas.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Inventory Reduction Waste Reduction 156

Supply Chain Shaman

FEBRUARY 1, 2024

I try to post weekly on this blog. Rolling up a perpetual inventory signal takes eleven hours. Through the use of a NoSQL unified data model, the company is able to now move data within 15-minute increments improving the data flow for inventory availability to improve allocation and ATP processing. He wants answers.

Supply Chain Planning Software 392

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 392

Supply Chain Shaman

MAY 15, 2023

Mondays are my day to post my Shaman blog and compose a podcast. The Shaman blog is now over eleven years old. Over 28,000 readers read this blog. Typing away on a beautiful May morning, with the flowers blooming and the birds nesting in the garden, engages my mind. I remember my first post like it was yesterday. I give thanks.

Manufacturing Procurement 468

Manufacturing Procurement Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning 468

ToolsGroup

MARCH 26, 2025

Safety Stock: Navigating Supply Chain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supply chain executives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties. Forecast Inaccuracy Strategically offsets errors in predicting future demand.

Supply Chain Planning Software 156

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Planning 156

Supply Chain Shaman

SEPTEMBER 13, 2023

In a recent blog post, I was challenged by Anna. ” Anna, this blog post is for you. ” Anna, this blog post is for you. If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth?

Supply and Demand 431

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 431

Supply Chain Shaman

JUNE 3, 2024

I could write a blog about each story, but let’s save that for coffee.) As I type this blog post, I face my flowers blooming in my backyard. In this blog, I give my thoughts on the fit of these approaches for value. I don’t think so. My 67 quantitative studies over the past decade do not support the value.

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 369

My Office Apps

OCTOBER 25, 2024

With so many moving parts—suppliers, inventory, and logistics—distributors often find themselves stuck dealing with one crisis after another. Advanced ERP such as Kechie ERP equipped with AI-driven forecasting capabilities can help distributors manage inventory more effectively.

Supply Chain Software 98

Supply Chain Software Forecasting Software Optimization Software Optimal Sourcing 98

SCMDOJO

DECEMBER 29, 2024

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.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Purchasing Training Buyer Training 87

AIMMS

NOVEMBER 9, 2020

Let’s explore them briefly in this blog post. The post IBP Scenario Modeling for Recovery, Restructuring and Resilience appeared first on AIMMS SC Blog. Our second webinar delved deeper into the technology aspect, focusing on analytical capabilities and scenario modeling. Use case 1: Initial emergency response.

Modeling 406

Modeling Scenario Planning Optimization Modeling Modeling Software 406

ToolsGroup

MARCH 14, 2025

Your Aftermarket Supply Chain is More Complex Than You Think Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Suboptimal inventory distribution: excessive stock in low-demand locations and shortages in high-demand areas. The outcome?

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Optimization Software Inventory Reduction 156

Supply Chain Matters

MARCH 14, 2025

Supply Chain Matters highlights indications providing added evidence that manufacturers and retailers are front loading inventory management actions in attempts to initially hedge against added U.S. We cited indications of the post Lunar New Year ramp-up of global production levels to replenish inventories, more so than in prior years.

Inventory Reduction 52

Inventory Reduction Inventory Report Price Reduction 52

ToolsGroup

NOVEMBER 7, 2024

As Black Friday rushes past, you may be reviewing your inventory performance, especially if certain items sold out too fast or if slow-movers are now taking up too much space. Even worse, maybe you did have inventory in your network, but it was in the wrong location to meet customer demand.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Forecasting Supply and Demand 156

ToolsGroup

SEPTEMBER 30, 2024

This shift has led to a growing need for agile inventory management and quick delivery systems. The Challenges of Inventory Management in the Aftermarket Managing inventory in the aftermarket is uniquely challenging.

Manufacturing Procurement 156

Manufacturing Procurement Optimization Software Supply Chain Planning Software ToolsGroup 156

My Office Apps

NOVEMBER 15, 2024

ERP is often hailed as the backbone of modern business operations, streamlining everything from inventory management to finance. Myth #5: ERPs Are Only Useful for Managing Inventory Reality Check: While inventory management is a crucial ERP feature, it’s only one piece of the puzzle.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Inventory Management Software Modeling Software 98

ToolsGroup

FEBRUARY 24, 2025

It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. Master supply chain forecasting for intermittent demand As consumers demand an increasing variety of product options, it results in more intermittent demand and slow-moving inventory.

Forecasting 156

Forecasting Modeling Supply and Demand Forecasting Software 156

ToolsGroup

FEBRUARY 24, 2025

It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. Master supply chain forecasting for intermittent demand As consumers demand an increasing variety of product options, it results in more intermittent demand and slow-moving inventory.

Forecasting 156

Forecasting Modeling Supply and Demand Forecasting Software 156

ToolsGroup

FEBRUARY 4, 2025

Technological Advancements Real-time inventory tracking and predictive analytics give leading firms a competitive edge. Optimize Inventory and Pricing Use AI-driven insights for stock mix optimization and dynamic pricing, reducing excess stock while meeting service level goals.

Price Reduction 156

Price Reduction Inventory Reduction Material Savings Cost Reduction Strategies 156

ToolsGroup

APRIL 17, 2025

Traditional demand forecasting methods often fall short, resulting in inefficiencies, excess inventory, and lost revenue. Machine learning is transforming the demand planning process, enhancing demand forecast accuracy, optimizing inventory management, and strengthening supply chain resilience.

Forecasting 156

Forecasting Modeling Supply and Demand Optimal Sourcing 156

BlueYonder

APRIL 8, 2025

The stakes are high, in previous blog posts New Tariffs Are Coming and The Pressures of Omni-Channel Fulfillment and Returns Are Growing. Inventory management has similarly evolved from static calculations to autonomous orchestration. Second, visibility is expanding from enterprise-centric to ecosystem-wide.

Supply Chain Network Software 98

Supply Chain Network Software Supply Chain Planning Software Network Optimization Supply Chain Design Software 98

BlueYonder

APRIL 3, 2025

In todays volatile retail landscape, organizations face unprecedented challenges across both category management and inventory planning. To remain competitive, retailers must embrace a comprehensive approach that taps into the synergy across all functions from category management to inventory allocation.

Supply Chain Planning Software 59

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Optimization Software 59

ToolsGroup

MARCH 19, 2025

In modern distribution networks, meeting service levels requires getting precisely the right inventory to the right locations at the right time. Today’s most successful businesses derive significant profit from “ long-tail ” products that traditional forecasting struggles to manage.

Forecasting 156

Forecasting Modeling Forecasting Software Supply and Demand 156

Logistics Viewpoints

MARCH 6, 2025

Strategic moves like bulk buying, closer supplier partnerships, and syncing procurement with supply chain planning can tighten inventory, cut waste, and free up cash. He has published numerous thought leadership articles, whitepapers, blogs and delivered dozens of webinars during his career. What Is Agile Procurement?

Price Reduction 229

Price Reduction Material Savings Cost Reduction Strategies Waste Reduction 229

Supply Chain Shaman

OCTOBER 5, 2021

My email box is full of the “ain’t it awful blogs. Let’s Start With a Discussion on Inventory. When we look at table 1, we see burgeoning inventories in some industries and extreme shortages in others. We are not good at inventory management. Inventory Levels Over the Quarters of the Pandemic.

Supply Chain Planning Software 343

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 343

My Office Apps

JANUARY 27, 2025

What is Inventory? A Comprehensive Guide to Types and Uses Inventory is a critical component of any business that deals with goods, as it forms the backbone of a company’s ability to operate efficiently and profitably. What is Inventory? Reduce excess stock and associated carrying costs.

Inventory Reduction 52

Inventory Reduction Material Savings Optimal Sourcing Inventory 52

Supply Chain Shaman

APRIL 24, 2025

In this blog, I also make the argument that if you follow the Gartner Magic Quadrant direction, you may decrease the value of the firm. In the Gartner Top 25 methodology, we find that 59% of the Top 25 winners score below their peer group on average revenue growth, 41% below inventory turns, and 41% below Returned on Capital Employed (ROCE).

Gartner 195

Gartner Supply Chain Planning Software Supply Chain Planning Scenario Planning 195

ToolsGroup

SEPTEMBER 4, 2024

In the fast-paced world of retail, every decision counts—especially those related to inventory management. Stockouts are one of the most direct and visible consequences of poor inventory management. While it might seem safer to have too much stock than too little, the hidden costs of excess inventory can add up quickly.

Inventory Management Software 156

Inventory Management Software Inventory Reduction Cost Reduction Strategies Inventory Management 156

My Office Apps

OCTOBER 21, 2024

What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. Stay tuned for our series of insightful blogs—your roadmap to exploring the full potential of ERP.

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

Enterra Insights

DECEMBER 17, 2024

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.”

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130

ThroughPut

DECEMBER 5, 2024

Businesses can leverage AI-powered recommendations for optimal order volumes and frequency, maintaining ideal inventory levels at all times – thus ensuring they order the right quantity at the right time. About ThroughPut.AI About ThroughPut.AI

Optimal Sourcing 52

Optimal Sourcing Inventory Management Software Optimization Software Inventory Management 52