SCMDOJO

APRIL 24, 2025

Excess inventory weighs down supply chains. These inefficiencies inflate costs and slow response times when customer needs change. The Hidden Costs of Traditional Inventory Models Traditional inventory models were built for predictability. It ties up capital, wastes storage space, and risks product obsolescence.

Waste Reduction 95

Waste Reduction Inventory Reduction Cost Reduction Strategies Expense Reduction 95

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

Logility

AUGUST 7, 2023

The rule of thumb says that for every percentage point of service part availability, revenue grows ¼ of a percent. This is relatively simple to measure, and with advanced inventory optimization it is possible to optimize the service level based on customer and product segmentation.

Customer Service 215

Customer Service Supply Chain Planning Software Logility Optimization Software 215

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

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

Logility

JUNE 5, 2024

In this dynamic environment, businesses must meet rising customer service expectations while driving innovation and growth. This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress.

Optimal Sourcing 188

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 188

ToolsGroup

MARCH 11, 2025

Why Demand Forecasting Matters in Supply Chain Management Improving demand forecast accuracy is more than just predicting customer demand its about understanding supply trends, pricing fluctuations, and creating a more responsive business strategy. Understand Stakeholder Needs Identifying your stakeholders’ motivations is crucial.

Forecasting 156

Forecasting Inventory Reduction Forecasting Software Price Reduction 156

ToolsGroup

NOVEMBER 19, 2024

This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels. Ciavarella’s efficient distribution system, coupled with a highly qualified staff, allows for rapid and punctual delivery, setting a new standard in customer service within the industry. “In

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Inventory Reduction 156

Logistics Viewpoints

NOVEMBER 18, 2024

For the first few years, the company created regional models to determine how to maintain or improve customer service levels at lower cost. Interestingly, the inventory analysis often shows that for slow-moving products, centralizing those SKUs in a central storage location increases reliability despite the increase in lead times.

Supply Chain Design Software 306

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 306

Logistics Viewpoints

APRIL 14, 2025

Demand Forecasting: Algorithms improve procurement planning by integrating live inputs like point-of-sale data, promotions, inventory levels, seasonality, and even weather data. Exception Management: AI tools flag delayed, misrouted, or damaged shipments and recommend responses such as automatic rescheduling or inventory reallocations.

Optimal Sourcing 237

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 237

Supply Chain Shaman

MAY 15, 2023

Functional excellence throws the supply chain out of balance decreasing results on a balanced scorecard of growth, margin, inventory turns, customer service and ROIC (Return on Invested Capital). Sadly, the area of customer service–the lifeblood of the organization–rates the lowest.

Manufacturing Procurement 469

Manufacturing Procurement Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning 469

Logistics Viewpoints

FEBRUARY 17, 2025

Improved inventory accuracy in the warehouse Because of the increases in picking efficiency, workers were freed up for new tasks. Fleet Feet created an inventory coordinator team that focuses solely on inventory accuracy. DCs inventory accuracy now exceeds 99.5%. Better inventory accuracy also improves procurement.

Logistics Network Optimization Software 188

Logistics Network Optimization Software Optimization Software North Carolina Optimal Sourcing 188

Logility

MAY 10, 2022

Smart inventory allocation and deployment starts with the right digital supply chain platform. For most businesses, the past two years have been a much-needed teaching moment on the state of their inventory planning, tracking, and management capabilities. Decades-old, tried-and-true rules ?

Optimal Sourcing 173

Optimal Sourcing Optimization Software Inventory Reduction Supply Chain Planning Software 173

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Help Me Improve Customer Service.

Supply Chain Planning Software 420

Supply Chain Planning Software Forecasting Forecasting Software Modeling 420

ToolsGroup

FEBRUARY 24, 2025

It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. Given todays volatile market conditions, companies must adopt more advanced forecasting techniques to improve resilience and customer service. Escape from the vicious cycle of unreliable forecasts.

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. Given todays volatile market conditions, companies must adopt more advanced forecasting techniques to improve resilience and customer service. Escape from the vicious cycle of unreliable forecasts.

Forecasting 156

Forecasting Modeling Supply and Demand Forecasting Software 156

ToolsGroup

JULY 29, 2021

Factors like growing competition from upstart players, new 5G services, broadband landlines, rapidly-changing consumer behavior, accurate sales forecasting becomes impossible. Telecom companies must pivot to a service-driven approach. Think of service-driven planning as an intelligent thermostat for your supply chain.

Supply Chain Planning Software 295

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Modeling 295

Logility

APRIL 3, 2024

The life sciences are integral to the quality of life and lifespan, but the field faces some uniquely difficult inventory challenges. You can then take it a step further with multi-echelon inventory optimization (MEIO), which provides visibility to everything from raw materials, to finished goods.

Supply Chain Optimization 167

Supply Chain Optimization Inventory Reduction Optimization Software Supply Chain Planning Software 167

Supply Chain Shaman

MAY 13, 2024

P&G did not appreciate the work Gilette accomplished on form and function of inventory and using market signals. As a result, the company’s performance at the intersection of margin and inventory turns was circular for the past decade. Profits were good, and the organization struggled to manage inventory.

S&OP 394

S&OP Supply and Demand Inventory Reduction Expense Reduction 394

Supply Chain Shaman

JANUARY 9, 2024

An average margin of 21% with inventory turns of 1.58 As shown in Figure B, the company improved cash-to-cash through the extension of payables, but never improved inventory levels after the spin-off from Kraft. Typically, the inventory values used in the triangle are safety stock. Struggling, they are not sure what to do next.

Supply Chain Planning Software 388

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 388

Enchange Supply Chain Consultancy

APRIL 3, 2025

All these and more inevitably lead to missing stock, extra cost and ultimately, poor Customer Service. If you and your systems think stock is available and you provide a promise to factories or customers then finding (or not finding) the required materialsk will not le ad to a 'Happy Bunny' situation.

Customer Service 147

Customer Service Optimal Sourcing Sourcing Logistics Network Optimization Software 147

ToolsGroup

JUNE 17, 2021

Right-sizing inventory. Avoiding inventory overages and shortages begins with a better forecast, but also requires a smarter inventory strategy. Differentiated customer service classes enable alignment of order fill rate targets by groups to the organization’s go-to market strategy.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

Supply Chain Shaman

JUNE 30, 2023

As a result, demand planning is largely manual, inventory management is a series of manual inputs, and production planning is via spreadsheet. Anne is a lean disciple and sees all inventory as Muda. She lacks the appreciation for the need for inventory as a buffer. I advised John to ask for help to improve inventory health.

Supply Chain Planning Software 388

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 388

Supply Chain Shaman

AUGUST 7, 2019

When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. Analyze Past Results in Customer Service. We draw a timeline on a conference room wall and using customer shipment and compliance data, we plot the issues with customer service and product outages.

Supply Chain Design Software 272

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 272

ToolsGroup

JANUARY 21, 2025

Returns Management and Integration With 35% of online purchases being returned, predominantly to physical stores, retailers are grappling with the ripple effects on inventory management. Early adopters of these integrated platforms report significant improvements in inventory turnover and reduction in stockouts.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Inventory Reduction Price Reduction 156

Supply Chain Shaman

JULY 31, 2024

In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. For additional insights check out our presentation at Informs.

Supply Chain Planning Software 415

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 415

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

ToolsGroup

SEPTEMBER 13, 2023

The key lies in high performance inventory. Forward-looking supply chain professionals understand that inventory is not an end in itself; it’s a means – to enhanced customer service, increased profitability, and greater efficiency. What is High Performance Inventory?

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

ToolsGroup

APRIL 20, 2023

By implementing ToolsGroup Service Optimizer 99+ (SO99+) , Gaviota has achieved the supply chain trifecta – lower inventory, higher service levels, and improved operational performance. Read Gaviota’s full story and discover the secrets behind ToolsGroup’s unique probabilistic forecasting and inventory management solutions here.

Supply Chain Planning Software 156

Supply Chain Planning Software Inventory Reduction ToolsGroup Supply Chain Planning 156

SYSPRO Smarter ERP

NOVEMBER 18, 2024

The data can be used to identify inefficiencies in the supply chain, improve inventory management, and streamline operations. Inventory management and warehousing Thousands of parts are used in automotive distribution. To manage this large volume of inventory requires an inventory management system.

Automotive 98

Automotive Optimal Sourcing Purchasing Skills Manufacturing Procurement 98

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. When we compare the results of P&G to its peer group for 2012-2021, P&G outperforms in inventory turns and margin but underperforms in growth and asset utilization. Was this by design?

Procurement Analytics 369

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 369

Supply Chain Shaman

JANUARY 25, 2024

With slim margins and ever-increasing inventories, companies invested less in capital assets. Today, this network operates with less capacity and ballooning inventories. The accuracy and timeliness of perpetual inventory information is an issue adding to the issues of multi-tier inventory management. Customer Service.

Supply Chain Network Software 360

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 360

Supply Chain Shaman

JULY 6, 2020

Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. He felt that inventory was no problem, he would just cut it at the end of each quarter to make the balance sheet goals.

Agile and Lean Supply Chain 365

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 365

Supply Chain Shaman

NOVEMBER 21, 2023

Fred owned logistics and customer service for the organization. In the early 1980s, As a result, we did not have a perpetual inventory signal. Without a perpetual inventory signal, we were never synchronized on where to place customer orders. As a result, inventories ballooned after the DRP implementation.

Supply Chain Planning Software 407

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 407

Clear Spider

OCTOBER 21, 2024

Now’s the time for businesses to look back at the strain that rising inflation put on their supply chains and inventory management. In this blog, we’ll explain the impact of rising inflation rates on inventory and supply chain management. Under these conditions, effective inventory management is no longer just beneficial.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

Supply Chain Shaman

OCTOBER 16, 2023

I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. Holistic design of the form and function of inventory with a focus on setting inventory targets for each flow. Funny, isn’t it? A shift from functional metrics to a balanced scorecard.

S&OP 391

S&OP Supply and Demand Forecasting Supply Chain Design Software 391

Logility

APRIL 28, 2025

Easily one of the most significant innovations in our lifetime that’s shaping the future of enterprise AI, agentic AI will be truly autonomous when completing complex workflows across organizations, from customer service and payment processing to fraud detection and order fulfillment.

Supply Chain Planning Software 147

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 147