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. Take airlines as an example.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 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

Logility

FEBRUARY 16, 2024

Take, for example, autonomous driving – a field that witnessed an early innovation in Mitsubishi Motors’ alert system back in the early 1990s. Although Mitsubishi’s innovation was a relatively simple concept, the evolution of AI-driven alerts over the past three decades has been profound.

Supply Chain Planning Software 198

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Forecasting Software 198

Logility

JANUARY 18, 2024

Technologies are being designed from the ground up to use AI capabilities to improve forecasts and reveal insights faster than any human could. But it is setting the foundation for a new paradigm that could cut 70% of weekly planning time, 15%–30% fewer forecast errors, and impressively improved inventory outcomes.

Modeling 191

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 191

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

ShipBob

JULY 9, 2021

And since an ecommerce supply chain consists of several moving parts, how does an online brand go about supply chain forecasting, so they can make better predictions and decisions? There are several supply chain forecasting methods that businesses of all sizes can use that doesn’t involve hiring a psychic. Download the Guide.

Forecasting 98

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 98

RFgen

APRIL 12, 2024

Managing inventory costs is a constant struggle. Managing inventory costs is important because high inventory costs can erode the bottom line. On the other hand, optimized inventory levels can enhance it. On the other hand, optimized inventory levels can enhance it. Next is the cost of storing the inventory.

Inventory Reduction 76

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 76

ThroughPut

APRIL 5, 2024

Inventory is the backbone of the modern firm, and potentially its most important asset. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management. What is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Taulia

FEBRUARY 23, 2022

And, at least for the short to medium term, accounts payable is one area of the balance sheet for which forecasting can be particularly valuable. Having a clear picture of what these liabilities are, how much they total, and when they must be settled by is a critical part of cash flow forecasting. Forecasting accounts payable.

Forecasting 52

Forecasting Forecasting Software Modeling Modeling Software 52

Logility

NOVEMBER 28, 2023

Yet, as supply chain innovators, we also know the rich history of applying technologies to continuously resolve these challenges and optimize S&OP outcomes. The transformation of planning, sensing, and forecasting A key area in the S&OP process where AI is particularly transformative is demand. AI can help with that.”

S&OP 130

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 130

ToolsGroup

JULY 6, 2023

ToolsGroup has a long history of innovating with our customers in mind. FeaturedCustomers 2023 Market Leader in Demand Forecasting Software MAY 2023 – FeaturedCustomers has named ToolsGroup a Market Leader in the Demand Forecasting Software category in its Spring 2023 Customer Success Report.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

Logistics Viewpoints

MARCH 29, 2021

They view their implementation of a tightly integrated suite of applications delivered in a public cloud infrastructure from Oracle as a platform on which they can build to help drive continuous innovation. For example, the bricks in a pizza oven are refractory bricks. HWI employed a crawl-walk-run methodology.

Optimal Sourcing 157

Optimal Sourcing Innovation Manufacturing Procurement Supply Chain Planning Software 157

ToolsGroup

JANUARY 19, 2024

However, this time, the spotlight shifted from the promise of these innovations to their real-world applications on the sales floor. As an example, the current excitement around Generative AI is palpable, with its potential use cases continually expanding.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Optimization Software Forecasting Software 156

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

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

BlueYonder

OCTOBER 21, 2021

For example, as consumers return to travel, they may not be able to find airport snacks. . When products are scarce, it becomes even more critical to create an accurate demand forecast, so you can match supply and demand in a way that optimizes both profitability and service levels. Demand forecasters and planners need to do better.

Forecasting 70

Forecasting Supply and Demand Forecasting Software Demand Planning Software 70

Supply Chain Shaman

MARCH 27, 2023

For example, real-time planning, end-to-end planning, control tower, integrated business planning (IBP), and digital brain are oxymorons while discussions on innovation bounded by a required ROI is a juxtaposition. True innovation is never defined initially by a mandatory Return on Investment (ROI).) The goal of a forecast?

Supply Chain Planning Software 308

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 308

Unleashed

MAY 25, 2023

Do you know your optimal inventory levels? Inventory planning enables you to order the right stock at the right time to meet demand and prevent overstocking. What is inventory planning? It is a key function of modern inventory management. Let’s take a quick look at some of the core benefits of inventory planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

QAD

APRIL 11, 2024

As I discussed in a recent article in Food Logistics, it’s a powerful tool for predictive analytics, demand planning and business forecasting that shouldn’t be overlooked. Predictive analytics, demand planning and business forecasting have always been core functions for supply chain planners.

Predictive Analytics 72

Predictive Analytics Predictive Analytics Software Supply Chain Disruption Supply and Demand 72

Silvon Software

APRIL 18, 2024

For example, recognizing that two different terms in separate datasets actually refer to the same concept (e.g., “DOB” Here are some examples: SALES Customer Segmentation and Targeting Analytics tools can segment customers based on their buying behavior, demographic data, and engagement levels. DOB” and “Date of Birth”).

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 52

Supply Chain Shaman

JUNE 21, 2023

” The industry is in a groupthink, largely missing the opportunities for breakthrough innovation. For example, the Gartner Top 25 celebrates the accomplishments of Intel (active with Gartner), but in the analysis in Table 1, Nvidia Corporation and Taiwan Semiconductor (TSMC) clearly outperform Intel in the Semiconductor Industry.

Gartner 346

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 346

ToolsGroup

SEPTEMBER 18, 2023

Read on for her insights on 2024 supply chain trends, innovation, and women in the workplace. High interest rates and inflation impact the disposable incomes, reduce sales forecasts sharply, and contribute to the extensive pressures on working capital. What key challenges and trends will affect supply chains going into 2024?

Gartner 296

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 296

American Global Logistics

SEPTEMBER 12, 2023

In today's rapidly evolving business landscape, innovation has become a key driver of competitive advantage. This article explores the importance of innovation in supply chain management and highlights key areas where innovation can revolutionize traditional practices. Recycling and reuse lend themselves to innovation.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

Supply Chain Shaman

JANUARY 2, 2024

We talk about complexity, but do not measure the impact on forecastability. For example, let’s take a look at the patterns of Anheuser Busch, Colgate-Palmolive, Mondelez, and Nestle shown in Figure 1. Orbit charts of four companies for the period of 2013-2022 at the intersection of operating margin and inventory turns.

Gartner 275

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 275

Clear Spider

OCTOBER 10, 2023

In the fast-paced world of seasonal inventory, trend forecasting is crucial for success. Traditionally, companies built inventory management strategies around long-term forecasting and stable market conditions. If businesses are going to keep up, they’ll need to adopt new inventory management strategies.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Forecasting Software 52

Supply Chain Shaman

JUNE 24, 2022

The future inventory fire sale. One of my stark realizations this year is that smaller companies are beating larger and often more established companies on growth metrics, inventory turns, operating margin, and Return on Invested Capital (ROIC). (In ” Product innovators in their sectors. Driving process innovation agendas.

Supply Chain Planning Software 366

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 366

Supply Chain Shaman

JUNE 28, 2020

Less than 15% of Companies use technologies to set targets for the form and function of inventory, and less than 29% of companies quickly access and manage total cost information. I am sharing an example of three industries moving backward on margin and inventory turns. Traditional marketing programs chase product innovation.

Cost Reduction Strategies 418

Cost Reduction Strategies Inventory Reduction Supply Chain Design Software Modeling 418

Logility

AUGUST 18, 2023

For example, executives might underestimate the impact of accurate demand forecasting on reducing inventory costs, resulting in insufficient investment in necessary tools and technologies. Communication Gap Without an effective communication bridge, crucial insights from the supply chain may not reach the executive suite.

Supply Chain Performance 188

Supply Chain Performance Supply Chain Planning Software Resource Reduction Supply Chain Design Software 188

Logistics Viewpoints

FEBRUARY 20, 2023

For example, in contract logistics, the 3PL makes use of a warehouse management system so that they can do the job efficiently. There is also managed planning, where a services firm uses a supply chain system to forecast demand, and plan replenishment and manufacturing. The right IT is critical.

Supply Chain Planning Software 212

Supply Chain Planning Software Logistics Network Optimization Software GEP Supply Chain Software 212

Logistics Viewpoints

APRIL 22, 2024

Mike Carroll, a vice president at Georgia-Pacific, and Ron Norris, director of innovation at GP While Generative AI has sparked great excitement, a form of artificial intelligence called Causal AI might offer much greater potential. GP, for example, has also had success in demonstrating that Causal AI can solve difficult sourcing problems.

Georgia 225

Georgia Optimal Sourcing Modeling Modeling Software 225

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Unleashed

FEBRUARY 14, 2023

For example, using an overhead crane to move a heavy object minimises the risk of back injury caused by humans carrying it across the factory instead. Let’s look at a few examples of automation tools used in manufacturing. Below are some examples of common ways automation can be used in manufacturing. Increased safety.

Supply Chain Software 52

Supply Chain Software Inventory Management Software Supply Chain Design Software Examples 52

EMERGE App

DECEMBER 12, 2023

For inventory management, in particular, we’ve seen how cloud apps such as EMERGE are equally at home managing the inventory of artisanal handmade jewelry, exotic car parts, and even industrial chemicals. Here, we’ll show you how EMERGE manages raw materials and finished products as used in the construction inventory management.

Inventory Management Software 52

Inventory Management Software Inventory Management Procurement Solutions Inventory Reduction 52

Clear Spider

MARCH 21, 2024

AI inventory solutions create more powerful and adaptive supply chains. One of the key drivers of supply chain resilience is the use of artificial intelligence and machine learning algorithms in inventory management. AI makes use of the endless stream of data collected through inventory management devices and cloud-based applications.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Supply Chain Planning Software Predictive Analytics Software 52

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

BlueYonder

SEPTEMBER 25, 2023

Following ICON 2023 in Las Vegas, Blue Yonder’s Chief Product Office Gurdip Singh shared the key product innovation takeaways from the event during a Blue Yonder Live session. He shared his views on how to apply innovations to solve deep-rooted supply chain challenges and insights into the $1 billion investment in research and development.

Supply Chain Planning Software 101

Supply Chain Planning Software Optimization Software Forecasting Software Predictive Analytics Software 101

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Let’s start with honesty and a focus on process innovation. Implementation of Sales Forecasting. The focus on sales forecasting started shortly after Y2k. Reversing The Trend.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370