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Alerts and notifications from email, social channels, home devices, shopping apps and other platforms compete for our attention, creating an overwhelming stream of information. Decision-makers must operate with agility and speed, often orchestrating complex scenarios across vast supply chain networks.
Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Probabilistic demandplanning enables businesses to optimize stock levels while reducing costs and improving service levels.
This approach significantly improves forecast accuracy and enhances decision-making across distribution networks. Traditional supply chain planningtools rely on deterministic forecasting, generating single-point estimates that often misrepresent real-world complexities. The result?
AI is not a new technology in the supply chain realm; it has been used in some cases for decades. Optimization is used in supply planning, factory scheduling, supply chain design , and transportation planning. Demandplanning engines have natural feedback loops that allow the forecast engine to learn.
At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supply chain management software. In conventional supply chain planning , planners using basic tools (typically spreadsheets or legacy systems) forecast just one number for each item.
These decentralized networks aim to boost flexibility, reduce risk, and improve responsiveness, aided by technologies such as blockchain, AI-driven logistics, and expanded visibility into supply chains. These events highlighted the urgent need for diversification and risk mitigation strategies across global supply networks.
The Clorox Company announced at a conference this week that it will be updating its 25-year-old ERP system across the United States. FedEx is continuing its Network 2.0 Clorox Plans to Begin Overhauling Its U.S FedEx Closes 100 Stations Through Network 2.0 FedEx Closes 100 Stations Through Network 2.0
Your distribution network spans multiple locations. And demand patterns are highly unpredictable. With multi-echelon networks, supplier uncertainty, multiyear product lifecycles, and reverse logistics channels , aftermarket supply chains exceed the capabilities of traditional planningtools. The outcome?
Logility ) ( NASDAQ: LGTY ), a leader in AI-first supply chain planningsoftware, today reported its second quarter fiscal year 2025 financial results. The decline was primarily driven by outsourcing of some services to systems integrators and lower project work for internal staff. Software license revenues were $0.1
This strategic partnership aims to improve demandplanning 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
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+), DemandPlanning, and the Multi-Echelon Inventory Optimization (MEIO) model, transformed their operations. It played out as follows.
In our opinion, while forecast accuracy used to be the number one priority for supply chain planners, the event put forward the importance of intelligent decision-making to balance multiple objectives when planning — such as margins, cash and growth — to drive real value from operations.
The waste included: Negative Forecast Value Added (FVA) in demandplanning. In 85% of organizations that I work with, conventional demandplanning processes increase forecast error. This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing.
CAGR , the global supply chain management software market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supply chain management tools to boost efficiency and value in their distribution and logistics network. The real challenge?
Your distribution network spans multiple locations. And demand patterns are highly unpredictable. With multi-echelon networks, supplier uncertainty, multiyear product lifecycles, and reverse logistics channels , aftermarket supply chains exceed the capabilities of traditional planningtools. The outcome?
Effective DemandPlanning and Forecasting Accurate demand forecasting is the cornerstone of a resilient supply chain. By leveraging data analytics, businesses can better anticipate customer demand, optimize production schedules, and avoid both stockouts and overstocking.
Here are the Top 5 Do’s and Don’ts to help you build a high-performing RTM model and distributor network: ✅Top 5 Do’s Do Align RTM Strategy with Consumer Behaviour : Design your RTM based on where, how, and why your consumers shop. Do Invest in Distributor Capability Building : Provide training, digital tools, and performance incentives.
Lets dig deep and analyze what we need to know about both these platforms. It offers on-demand courses with massive flexibility. Moreover, it includes tools , ebooks , best practices , guides , blogs, and more. with unlimited access to all content, including courses, best practices , guides , ebooks , and tools.
Alerts and notifications from email, social channels, home devices, shopping apps and other platforms compete for our attention, creating an overwhelming stream of information. Decision-makers must operate with agility and speed, often orchestrating complex scenarios across vast supply chain networks.
Disruption is officially now a norm, making demandplanning and forecasting, in particular, very difficult. In response, the Blue Yonder Platform offers a comprehensive suite of AI-driven solutions that span both the planning as well as the execution domain.
Many leading organizations are already putting this into practice to harness business data, integrate technology infrastructure, and embed AI to drive fast, cross-functional decision-making. But to get there, organizations must be prepared to disrupt their traditional supply chain models, and make way for stronger modern systems.
The technology reduces risks, operational errors, delays and waste, while simultaneously improving the customer journey. These tools empower users to enhance teamwork between humans and machines. AI-driven tools will be used to more quickly and accurately search documents and databases. billion in 2023 to $63.77
manufacturer’s engine blocks are high-value components, so avoiding the risk of damage from transloading within an LTL network is a top concern. Optionality for Domestic Networks Shifting tariffs, geopolitical uncertainty and rising pressure for U.S. economic self-reliance have made cross-border sourcing far less predictable.
They’ve become one of the most effective ways to break into secure networks. Instead of breaking into your systems directly, hackers go after the third parties you work with. That means vendors, software providers, cloud platforms, even IT contractors. The attacker never touched the hospital systems directly.
Recent surveys from Gartner found that 61% of respondents see advanced technologies as key differentiators for being competitive. Many identify developing technologies as key investment areas, with 20% investing in cognitive automation. Most global analysts recommend digital investment as a strategic necessity.
In addition, there is also a rise of “friend-shoring,” with 83% of organizations investing in it, which demonstrates a desire to build more stable and predictable supply networks. Before the pandemic, many companies relied on static, reactive planning methods.
AI in Supply Chain: Transformative Technologies and Strategies Artificial intelligence (AI) is rapidly transforming the supply chain landscape, offering powerful tools to help streamline operations, boost resilience, and increase visibility across every link in the chain. What is AI in Supply Chain?
Technology can change or even improve work. We still plan like it is 1999–when we were bracing for Y2k–versus using new forms of technology to improve planning. Using design theory, the current definitions of planning have regressed despite the advance of promising technologies.
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).
Planning improves with predictive AI capabilities A growing number of factors influence the accuracy of supply and demandplanning. Everything from changes in supplier availability to geopolitical issues force companies to update their plans to avoid risk and extra costs.
However, orchestrating the value network where goods, information and currency pulse freely , fast, and securely between facilities, organizations, and even consumers, following the path of least resistance (aka the digital supply chain ), may prove to be even more complex than driving a vehicle.
Customer Portal Partner Portal Contact John Galt Solutions Atlas AI-driven SaaSplatform that connects and orchestrates your entire supply chain. The agency, responsible for tracking weather systems and issuing life-saving alerts, is struggling to staff its forecasting offices.
AMR Forecast Down h $55 Million That’s how much Walmart says it has already saved from a solution it calls “Self-Healing Inventory” system in Mexico City, automatically rerouting supplies when overstocks appear. “Proven US technologies are now rolling out globally, enabling faster, smarter operations at scale.
Between market volatility, rapid advances in automation and rising customer expectations, transportation leaders are being forced to rethink legacy systems and outdated ways of operating. Many are investing in tools to automate proof-of-delivery processing, cutting down billing cycles and freeing up teams to focus on higher-value tasks.
Here are key strategies to take you there: Utilizing technologyplatforms : Next-generation source-to-pay (S2P) platforms should offer integrated—not isolated or siloed—supplier management capabilities to make supplier information available across all business functions.
Customer Portal Partner Portal Contact John Galt Solutions Atlas AI-driven SaaSplatform that connects and orchestrates your entire supply chain. Segmenting based on cost alone ignores the operational reality of your network. Fix the Relationship: Leave the Bad Habits Behind We all know that technology isn’t a silver bullet.
The challenge is compounded by the comparatively slow digital transformation in the supply chain and distribution sector, with many organizations remaining dependent on pricing systems that are either fully or partially manual. This is where strategic pricing and technology meet. The recent wave of tariffs introduced by the U.S.
Blue Yonder helps businesses break free from isolated decisions with a cohesive, multi-echelon approach to supply chain planning. Businesses can now expedite planning across supply chain and financial operations. Our recent shift to a SaaS model is a great example. Blue Yonder is a long-time, strategic partner to Amway.
SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information, and capital in functions that broadly include demandplanning, sourcing, production, inventory management and logistics. ERP systems), requiring a more integrated approach to supply flows.
Therefore, with that in mind, we thought we would share some top tips on how companies can help transform their supply chain operations with innovative technology to build resilience into their operational ability! Spreadsheets are no longer able to support the necessary business processes of aggregating multiple demand viewpoints.
The goalposts are constantly moving due to factors like global disruptions, technological advancements, and evolving customer demands. Use tools to automate root cause analysis and reduce dependency on manual reporting. Monitor leading indicators such as fill rates, demand fluctuations, and supplier reliability.
Today’s threat landscape means that companies can no longer protect their networks and must instead use complete approaches that fix weak spots across their entire network of suppliers, vendors and service providers to stay secure. Software supply chain attacks. Phishing and social engineering.
End-to-end transportation and logistics visibility provider Flexport unveiled over 20 added technology and AI powered applications that are part of the providers initial Winter twice-yearly technology suite update. Flexport customers can use this application to build reports and create dashboards with no technical skills required.
As technology keeps evolving, the function of robotics in manufacturing and other areas will become more critical. They are becoming smart and networked. Robots are now being engineered with energy-saving technologies to ensure less power usage with high performance.
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