Logistics Viewpoints

JANUARY 1, 2024

This meant that retailers were not maximizing their profitability. Historically, an OOM has access to all the company’s inventory. The system allocated which orders would get inventory from a given location to fulfill an order. Historically, omnichannel software solutions were not capable of optimization. That is changing.

Omnichannel 211

Omnichannel Modeling Optimization Software Optimization Modeling 211

ToolsGroup

SEPTEMBER 26, 2023

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 supply chains, and maximize revenues. Retailers have long used business analytics to inform decision-making. How Does EvoAI work?

Prescriptive Analytics Software 296

Prescriptive Analytics Software ToolsGroup Supply Chain Planning Software Analytics Software 296

IT Supply Chain

OCTOBER 31, 2022

The post Supply chain futures: how to harness data to revolutionise retail inventory management appeared first on IT Supply Chain. By Paula Biste (pictured). Business Consultant at Centric Software.

Inventory Management Software 94

Inventory Management Software Inventory Management Supply Chain Software Inventory 94

ToolsGroup

JANUARY 19, 2024

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. Inflation, another hurdle on the retail landscape, prompted a shift in focus towards long-term business growth.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Optimization Software Forecasting Software 156

ToolsGroup

APRIL 26, 2023

It also fully integrates JustEnough with the Inventory Hub® Dynamic Data Unification Platform. These product enhancements link perpetual inventory signals to critical merchandise planning modules. These product enhancements link perpetual inventory signals to critical merchandise planning modules. Version 2023.1

Supply Chain Planning Software 156

Supply Chain Planning Software ToolsGroup Supply Chain Design Software Forecasting Software 156

ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. consumers on their loyalty to and trust of retailers, as well as their reasons for choosing online or in-store shopping. The survey report: How Retailers Win Customer Loyalty in an Omnichannel World tracks the change in U.S.

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

Enterra Insights

AUGUST 15, 2023

The past few years of turmoil in the retail sector have challenged many professionals. The so-called “retail apocalypse” was deepened by the pandemic, then came inventory overload and inflation. ”[3] Ihnatchyck suggests five other ways AI can benefit retail supply chains. .”[3]

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Optimization 130

BlueYonder

APRIL 1, 2024

Retailers must enhance their inventory and fulfillment decisioning capabilities to thrive in this dynamic landscape. Retailers must strike a delicate balance between providing exceptional service and controlling costs. Retailers must strike a delicate balance between providing exceptional service and controlling costs.

Inventory Reduction 57

Inventory Reduction Real-time Visibility Inventory Expense Reduction 57

BlueYonder

DECEMBER 8, 2023

For retailers trying to align inventory with demand this 2023 holiday season, it’ll be like catching falling apples from an uprooted tree in full flight. Despite all the complexity in predicting the season, there are clear clues for how to tactically leverage inventory placement. It needn’t be too much of a juggling act.

Retail 82

Retail Supply and Demand Inventory Demand Planning Software 82

ToolsGroup

JULY 13, 2023

A significant addition to our Inventory Hub® product, Dynamic Fulfillment leverages advanced optimization logic to determine what to ship, from where, in real-time, to reduce shipping costs, improve margins, and satisfy empowered customers. As an example, let’s say you’re trying to fulfill a pallet order of heavy items in Boston, MA.

Optimal Sourcing 291

Optimal Sourcing ToolsGroup Optimization Software Network Optimization 291

Logistics Viewpoints

JUNE 8, 2021

The gig economy and its on-demand armies of drivers have moved people and food for years, but many retailers still hesitate to tap into Uber, Postmates and other companies to quickly move orders from stores to local customers’ doorsteps. Gig economy fulfillment setting retailers apart. Business intelligence lights the path for others.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Network Software Retail Logistics Network Optimization Software 278

Enterra Insights

JUNE 22, 2022

The irony of excess inventory. ”[2] It’s ironic, therefore, in this inflationary period, that many retailers are experiencing the exact opposite problem — too few consumers seeking items they already have on hand. Now, some retailers are struggling with the opposite problem: a deluge of stuff nobody wants to buy.”

Inventory Reduction 130

Inventory Reduction Inventory Prescriptive Analytics Software Inventory Management Software 130

BlueYonder

DECEMBER 11, 2023

Inventory control represents a huge challenge for any retailer. In fact, inaccurate inventory is the single biggest cause of poor customer experience, according to a new survey by Blue Yonder. Canada’s largest tech retailer got ahead of these problems. How did the company overcome its inventory issues? The payoff?

Inventory Reduction 74

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Retail 74

ToolsGroup

MAY 2, 2023

April 26-27, the Retail Technology Show brought together Europe’s most forward-thinking retailers and leading innovators, welcoming 47 of the Top 50 UK retailers and brands to discuss the latest ideas, technological advancements, and retail solutions.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Network Software Inventory Reduction Demand Planning Software 156

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

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 has allowed us to significantly increase end-to-end control of the replenishment process of our retail network.

Supply Chain Planning Software 317

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization 317

ToolsGroup

JANUARY 16, 2023

Over the past 24 months, many retailers were caught between the dual forces of fast changes in consumer demand and supply chain disruptions. Leaders in the retail space understand the value of moving from static to dynamic planning and require a new generation of planning and execution technology to respond to changes faster.

Supply Chain Planning Software 156

Supply Chain Planning Software ToolsGroup Inventory Reduction Waste Reduction 156

ToolsGroup

JULY 6, 2023

MARCH 2023 – ToolsGroup earned a Higher Performer badge in G2’s Demand Planning Grid® – G2’s scoring criteria is that products shown on the Grid® for Demand Planning have received a minimum of 10 reviews/ratings in data gathered by March 07, 2023. Read the press release here.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

BlueYonder

APRIL 18, 2024

The shift to omni-channel selling has created many challenges for retailers across their order management and fulfillment operations. Consumers need real-time visibility to inventory. How are retailers addressing these challenges? Fulfillment promises need to be accurate and profitable.

Supply Chain Planning Software 89

Supply Chain Planning Software Forecasting Software Modeling Software Demand Planning Software 89

Logistics Viewpoints

DECEMBER 14, 2022

This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. According to recent statistical data, vacancy rates for industrial real estate across North America have been declining since 2020 and reached an all-time low in the third quarter of 2022.

Inventory Management Software 196

Inventory Management Software Inventory Management Inventory Reduction Inventory 196

ToolsGroup

DECEMBER 20, 2023

That’s why we’re delighted to partner with NTT DATA. The ToolsGroup-NTT DATA partnership is already bringing value to one of the largest paint distributors in the APAC region, optimizing working capital investment in inventory, enhancing customer satisfaction, and improving internal efficiencies.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Optimization Software 156

Enterra Insights

DECEMBER 19, 2023

The retail sector continues to endure tectonic shifts as business landscapes and consumer behaviors change. First, there was the so-called “retail apocalypse,” then came the pandemic, which was followed by inventory challenges, inflation, and an economic slowdown. Inventory Management.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Optimization Software 130

Logistics Viewpoints

AUGUST 9, 2022

Some of the world’s biggest retailers and their partners are once again feeling the sting of “ the bullwhip effect ” – a term of art amongst supply chain professionals that describes how changes in demand at the retail level can reverberate and amplify issues throughout the supply chain. Complete visibility into inventory.

Inventory Management Software 224

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 224

Logistics Viewpoints

JUNE 1, 2023

Retailers know firsthand how quickly the market can change. Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. The retailers feel the impacts of the recession fast and deeply.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Enterra Insights

JUNE 21, 2022

Inflation is starting to impact the retail sector in significant ways. Some experts believe artificial intelligence (AI) capabilities will help retailers find their way through these volatile times. ”[1] According to Kestenbaum, some retailers don’t understand AI’s importance to their success.

Retail 182

Retail Supply Chain Design Software Analytics Software Optimization Software 182

The Logistics of Logistics

JUNE 17, 2022

Jeff Flowers and Joe Lynch discuss why inventory is everything. Jeff Flowers is the Chief Operating Officer of OneRail , a final mile delivery orchestration platform providing real-time visibility, actionable data, and data-driven optimization capabilities for its enterprise clients. Key Takeaways: Inventory is Everything.

Inventory Reduction 173

Inventory Reduction Optimal Sourcing Inventory Logistics Network Optimization Software 173

ToolsGroup

AUGUST 12, 2022

In a world where customer expectations are higher (some food delivery services actually put the groceries right into your fridge), and where customers select retailers based on products being in stock and reliability of delivery, optimizing the customer experience is a must to stay on top. . What is the Omnichannel Retail Experience?

Omnichannel 156

Omnichannel Optimal Sourcing Supply Chain Planning Software Inventory Reduction 156

ToolsGroup

APRIL 4, 2023

By land, by air, by sea – transit organizations know the competition is fierce for retaining customer loyalty, requiring inventory management strategies that balance consumer needs with sustainability initiatives and business goals. These companies understand that one bad experience could jeopardize future sales.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

ToolsGroup

APRIL 26, 2023

Retail customers need more than just an omnichannel experience. They need retailers to deliver dynamic, unified commerce experience. To guarantee customer-centric experiences across every retail channel, retailers need to create agile, resilient operations to adapt to changing consumer behaviors.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

GlobalTranz

SEPTEMBER 11, 2017

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. Siloed Data Must Be United for True Supply Chain Inventory Optimization. Siloed data and disparate systems skew analytics results.

Supply Chain Optimization 383

Supply Chain Optimization Analytics Software Optimization Software Inventory Reduction 383

ToolsGroup

MARCH 1, 2018

Many retailers consider competing against Amazon their biggest challenge. While the impact of Amazon is real, it is only a thread in the larger retail competition tapestry. Amazon offers breadth, but brick and mortars offers “now”, and a tactile consumer shopping experience is still a retailer’s greatest asset.

Inventory Reduction 189

Inventory Reduction Retail Inventory Supply Chain Planning Software 189

ToolsGroup

DECEMBER 11, 2023

BOSTON and LONDON – December 12, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce to has been named a technology leader in the in the SPARK Matrix™ analysis of Intelligent Retail Pricing and Promotion Optimization (IRP&PO) by Quadrant Knowledge Solutions (QKS).

ToolsGroup 156

ToolsGroup Price Reduction Optimization Software Modeling 156

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

ToolsGroup

DECEMBER 16, 2021

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. What is Lean Retail? The impact of lean retail on supply chain management.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Enterra Insights

JANUARY 6, 2022

In the years leading up to the Covid-19 pandemic, the most discussed topic in the retail sector was the Retail Apocalypse. A combination of the rise of e-commerce, overbuilding of stores, and too much debt-load resulted in thousands of physical retail locations going out of business. and Wayfair Inc.

Optimal Sourcing 173

Optimal Sourcing Retail Optimization Software Analytics Software 173

ToolsGroup

OCTOBER 3, 2023

Retailers have a lot to juggle, looking to combine cost-efficiency with elevated consumer satisfaction so they can remain competitive in the current retail marketplace. The good news is retail fulfillment offers enormous opportunities for improved margins, greater efficiency, and happier customers.

Optimal Sourcing 156

Optimal Sourcing Optimization Software Network Optimization Price Mitigation Strategies 156