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While Excel has long been a go-to for planners, the landscape has changed. Companies that embrace inventory optimization through modern tools are moving toward a high maturity supplychain model —and reaping the rewards. Let’s explore why relying on Excel could be costing you more than you realize. The result?
My head is wobbling with announcements, late-night Friday press releases, company name changes, and executive turnover in the supplychain planning market. Logility, a conservative company supplychain planning technology, historically had no debt and cash reserves of more than 80M, is undervalued in this deal.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks.
I find that most companies’ understanding of supplychain planning is immature, and that next week, at the Gartner SupplyChain Summit in Orlando, that many will don their Mickey ears to discuss what I consider outdated supplychain planning models. Buyingsupplychain planning software is hard.
Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demand planning and supplychain management. These improvements directly strengthen the bottom line, making ML capabilities an essential component of modern supplychain management software.
Joint Microsoft and ToolsGroup planning solution will support POOLCORP’s goals of improved service to customers and increased profitability amid demand and supply volatility. Combined with continued supplychain challenges, these trends accelerated POOLCORP’s desire to create a more robust and resilient supply network.
. <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buyingsupplychain planning software. Let’s face a hard fact: the supplychain planning market is a mess. Most have purchased software, but are dependent on Excel spreadsheets.
BOSTON—June 7, 2022 — ToolsGroup , a global leader in supplychain planning and optimization software, today announced its acquisition of Onera, a provider of real-time inventory availability and fulfillment software solutions to retailers.
Integrated Planning: Tight Coupling of Enterprise Resource Planning (ERP) to SupplyChain Planning (SCP). However, what is clear from our recent study of 73 manufacturers using supplychain planning is that companies using best-of-breed solutions implement faster, achieve a quicker Return-on-Investment (ROI), and are more satisfied.
I’ve worked in enterprise supplychain technology for more than 20 years, and, especially in the earlier years, collaborated in teams where I was the only female in the room. The truth is women have long been underrepresented in supplychain leadership. Q&A with three inspiring women in supplychain.
As an analyst in the supplychain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. It is a story of supplychain innovation. The products of Terra Technology are unique, but poorly understood by the mainstream supplychain team.
Several factors contribute to customer loyalty, but providing excellent customer service—and a top-notch experience–is one of the most important in driving retention. 6 Examples of Excellent Customer Experiences. When making purchase decisions, brands who demonstrate care for others can offer a competitive advantage.
For the purposes of clarity, in this article, the term digital supplychain is the transformation of the atoms and electrons within the supplychain to unleash new levels of value. Here are my predictions for 2018: SupplyChainExcellence as We Know It Is Redefined. SupplyChain Planning Redefined.
Most supplychain organizations recognize that their ERP solution does not deliver the functionality that they need to effectively model and plan their supplychain. What this approach did not do is validate the ability of the vendor’s solution to model the buyer’s supplychain and deliver value.
The award recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage supplychain for competitive advantage. In the midst of the pandemic and other events that remind us uncertainty is a constant, Rob and Mauro have shown their mettle,” said ToolsGroup CEO Joseph Shamir. “In
Here are ideas for grasping opportunities in the midst of the Coronavirus supplychain challenges. The coronavirus’ supplychain and business impacts are being felt around the world and in our backyards: this strange time is slamming markets, causing confusion and changing patterns of normality. Surprisingly, many.
From a digitally-transformed shopping experience to global supplychain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop. Love it or hate it, daily necessities need to be purchased. eCommerce Purchases and “The New Normal” Retail Categories.
Consumers are demanding faster shipping, better visibility and excellent customer experience from the places they shop. Smart retailers are adopting a digital-first or mobile-first strategy to take advantage of the growing number of consumers taking the digital path to purchase. Leveraging artificial intelligence during the holidays.
.” That observation could just as easily have been made about supplychain operations. Like a battleground, the supplychain is complex and often shrouded in a situational awareness fog. ”[1] Little wonder supplychain planning is often perceived as wanting. Planning horizons and insights.
Selecting and implementing a new supplychain solution is a risky career move for any supplychain manager. In my last post, I talked about why a proof of concept (POC) is a good alternative to using an RFI as the basis for your supplychain software selection. Choose SKUs with variability.
Source: SupplyChain Digest. What does it take to create an award-winning supplychain? Last month, Lennox Residential was runner-up in the 2015 Council of SupplyChain Management Professionals (CSCMP) SupplyChain Innovation competition, arguably the top supplychain award in North America.
It’s time to Marie Kondo your supplychain by eliminating excess inventory and learning how to avoid it in the first place. Shipment Delays and SupplyChain Disruptions. From weather to war to congested ports , it’s no secret that ongoing supplychain disruptions cause delays, shortages, and extended lead times.
As I whirl past the factories in the car, it makes me think about the adoption of supplychain planning. My Journey with SupplyChain Planning. My journey with supplychain planning started quite innocently. Through this work, I was noticed by a supplychain planning firm. ” I thought.
In my role with Logility, I have the opportunity to work with a wide variety of companies and executive management teams around achieving their supplychain goals and prioritizing their initiatives. Often these CIOs ask me to explain the differences between supplychain solutions from an ERP provider versus Best of Breed solutions.
I know of few areas in supplychains discussion that raise as much dialogue or ire. I have been an industry analyst covering the market– Gartner, AMR Research, Altimeter Group and my own company SupplyChain Insights– since 2001. The Long-tail of the SupplyChain. ” I am in the middle.
In my role with Logility, I have the opportunity to work with a wide variety of companies and executive management teams around achieving their supplychain goals and prioritizing their initiatives. Often these CIOs ask me to explain the differences between supplychain solutions from an ERP provider versus Best of Breed solutions.
Supplychains collapsed, demand became unpredictable, and enterprises worldwide are struggling. Many companies are reassessing their approaches to supplychain in response to the unpredictable results during the pandemic. Markdowns have almost single-handedly ruined [the fashion] industry. It’s a vicious cycle.”
Lord says that while three broad categories of inventory - structural, operational and situational - can overlap, each category should first be examined separately ( SupplyChain Leaders Must Orchestrate Three Decision Categories for Inventory Excellence , 9 April 2018, Paul Lord).
The SupplyChain Insights Global Summit is over, but we hope the energy to define SupplyChain 2030 is just beginning. Today only 12% of supplychain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). What does it take?
Supplychain planning software provider proud to support Unicef, the Ocean Cleanup, World Wildlife Fund, and Banco Farmaceutico Foundation. Donations to these organizations demonstrate ToolsGroup’s core values of innovation, collaboration, passion for excellence, and reliability. About ToolsGroup.
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