The Smart Software

APRIL 8, 2024

Companies that depend on spreadsheets for demand planning, forecasting, and inventory management are often constrained by the spreadsheet’s inherent limitations. The post The Cost of Spreadsheet Planning appeared first on Smart Software.

Supply Chain Planning Software 83

Supply Chain Planning Software Inventory Management Software Forecasting Software Supply Chain Planning 83

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. Inbound Logistics is the pioneering magazine empowering demand-driven enterprises.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

Supply Chain Shaman

NOVEMBER 9, 2023

Traditionally, the definition of end-to-end supply chain planning meant: Forecasting based on order or shipment patterns. Forecast consumption into supply planning based on rules (rules-based-consumption). Translation of the demand forecast into planned orders to minimize manufacturing constraints. Is there value?

Optimal Sourcing 335

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 335

ToolsGroup

JANUARY 15, 2024

Retailers can now quickly sense, predict, and respond to real-time changes in demand to better navigate market uncertainty to achieve maximum profitability. Retailers today need an integrated solution that is agile enough to adapt to even the smallest changes in demand.”

Inventory Reduction 177

Inventory Reduction ToolsGroup Waste Reduction Price Reduction 177

Supply Chain Shaman

OCTOBER 11, 2023

Software built on graph technology can model flow, but the transactional paradigms of historic practices hold development team’s hostage. My observation is that software technology leaders are attempting to make historic practices faster versus redefining capabilities. Transition from Transactional Thinking to Flow. Measurement.

Supply Chain Planning Software 379

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 379

ToolsGroup

JULY 28, 2023

BOSTON – August 3, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named among ten Notable Vendors included in Gartner’s Midmarket Context: Magic Quadrant for Supply Chain Planning Solutions (July 2023).

Gartner 290

Gartner Supply Chain Planning Software ToolsGroup Vendor Strategies 290

The Smart Software

JANUARY 16, 2024

True or false: The forecast doesn't matter to spare parts inventory management. After all, forecasts are crucial for planning stock levels, right? It depends on what you mean by a “forecast”. The post The Forecast Matters, but Maybe Not the Way You Think appeared first on Smart Software.

Forecasting 99

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 99

Logility

JUNE 23, 2023

That’s precisely what demand forecasting feels like for many businesses today. Enter causal forecasting. All these elements can help you predict where demand is heading. Unfortunately, many companies hesitate to use causal forecasting, thinking it’s too complicated or resource-hungry. And the result?

Forecasting 192

Forecasting Forecasting Software Modeling Predictive Analytics Software 192

Supply Chain Shaman

JANUARY 2, 2023

A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The team was not calibrated on the role of forecasting and the basics around process excellence. The question was, “How can I redefine demand planning processes to use channel data?”

Supply and Demand 358

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 358

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. The software never expanded in scope to manage multi-tier inventories. Instead, the focus was on error assuming that items at a location level (SKU) were forecastable. Old habits die hard.) The reason?

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

ToolsGroup

AUGUST 20, 2021

Looking for a relatively quick way to measure inventory health? “It It all starts with a demand-driven approach,” says Gerrott Faulkingham, director of solution engineering at ToolsGroup. Here are the typical steps used to measure inventory health: Base case analysis and service level simulation.

Modeling 317

Modeling Inventory Reduction Inventory Forecasting 317

Logistics Viewpoints

MARCH 27, 2023

When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. How much will demand be impacted?

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

ToolsGroup

FEBRUARY 28, 2023

of ToolsGroup’s award-winning software elevates forecasting and new product launch capabilities and deepens machine learning and AI utilization. ToolsGroup SO99+ improved the accuracy of our forecasts for slower moving items by 5-10%,” said Sarah Voorhees, Vice President of Demand and Inventory Planning at American Tire Distributors.

Supply and Demand 156

Supply and Demand Modeling ToolsGroup Demand Planning 156

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting?

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

ToolsGroup

MAY 2, 2023

FeaturedCustomers is the leading customer success content marketing platform for B2B business software and services, helping potential B2B buyers make informed purchasing decisions through vendor-validated content. Only 15 companies met the criteria needed to be included in the Spring 2023 Demand Forecasting Software Customer Success Report.

ToolsGroup 156

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

ToolsGroup

AUGUST 10, 2023

Garrett Brands maintains a portfolio of perishable items affected by seasonal demand, all while maintaining a customer experience that is synonymous with the quality of Garrett Popcorn and Frango. These solutions tailor inventory to demand by accounting for market uncertainty, thanks to a powerful, built-in probabilistic forecast.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Modeling 156

The Smart Software

APRIL 11, 2024

Smart Software, a leader in enterprise demand planning, consensus forecasting, and inventory optimization solutions, announces the release of the GrowSmart extension in Collaboration with Grow, an Epicor solution.

Forecasting Software 52

Forecasting Software Optimization Software Supply Chain Planning Software Demand Planning Software 52

The Smart Software

JANUARY 22, 2024

In a highly configurable manufacturing environment, forecasting finished goods can become a complex and daunting task. A traditional MRP would force us to forecast every single finished product which can be unrealistic or even impossible. The number of possible finished products will skyrocket when many components are interchangeable.

Forecasting 90

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Planning 90

ToolsGroup

JULY 5, 2023

With the release of v8.61, ToolsGroup enhances transparency and accuracy while increasing the power of SO99’s forecasting engine with expanded capabilities that now deliver: Automated New Product Introduction (NPI) Suggestions which automatically identify anomalies within NPI forecasts and recommend scenarios to most effectively address them.

ToolsGroup 156

ToolsGroup Optimal Sourcing Waste Reduction Inventory Reduction 156

ToolsGroup

JUNE 17, 2021

In a recent digital transformation in supply chain planning study conducted by CSCMP and ToolsGroup, 45% of respondents said the pandemic caused supplier instability/shifts and 30% were struggling with staffing shortages/reduced productivity, while 45% indicated demand for their products and services had increased at the same time.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

ToolsGroup

NOVEMBER 8, 2021

Mi9 Retail’s Demand Management business was formerly known as JustEnough Software. BOSTON (Nov 8, 2021) – ToolsGroup , a global leader in supply chain planning and optimization software, today announced its acquisition of Mi9 Retail’s Demand Management business. 1 Adobe Digital Economy Index. About ToolsGroup.

ToolsGroup 317

ToolsGroup Modeling Demand Management Demand Planning Software 317

Logility

JUNE 2, 2023

In the intricate world of supply chain management, the accuracy of demand forecasting often serves as the cornerstone of business growth. The very foundation of operational efficiency, customer satisfaction, and overall profitability hinges upon the ability to predict demand with precision. What is Demand Forecasting Accuracy?

Forecasting 130

Forecasting Modeling Forecasting Software Supply and Demand 130

The Smart Software

FEBRUARY 21, 2024

Smart Software announces today their strategic partnership with Sage. This collaboration brings Smart IP&O (Inventory Planning and Optimization) into the latest cloud and on-premises versions of Sage X3, Sage 300, and Sage 100.

Forecasting 75

Forecasting Forecasting Software Optimization Software Demand Planning Software 75

ToolsGroup

MARCH 24, 2021

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

ToolsGroup

OCTOBER 3, 2023

The complexity of handling such a wide product range, characterized by high seasonality and intermittency, was further complicated by regionally differentiated demand trends and long supply lead times. The company operates out of six distribution centers, managing a portfolio of roughly 3,500 products.

ToolsGroup 156

ToolsGroup Inventory Reduction Resource Reduction Supply Chain Planning Software 156

ToolsGroup

NOVEMBER 9, 2023

With ToolsGroup’s AI-powered demand forecasting, the plant-based food innovator revolutionizes its supply chain, maximizing accuracy, speed, and business performance. ToolsGroup has been an invaluable partner, helping us drive growth and achieve greater efficiency through automation while reducing inventory 10%.”

ToolsGroup 156

ToolsGroup Supply Chain Transformation Supply Chain Planning Software Optimal Sourcing 156

ToolsGroup

JULY 25, 2023

After fruitful collaboration in Europe, the partners in supply chain software implementation celebrate a significant regional expansion. The two companies recognized the tremendous potential for a partnership that could meet the increased demand for supply chain solutions across Europe and Latin America. Find out more here.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Forecasting Software 156

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. It used to take two people anywhere from 10 to 15 days to create a 12-month forecast.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

The Smart Software

SEPTEMBER 5, 2023

Forecasting inventory requirements is a specialized variant of forecasting that focuses on the high end of the range of possible future demand. Traditional methods often rely on bell-shaped demand curves, but this isn't always accurate.

Forecasting 81

Forecasting Forecasting Software Inventory How To 81

Logistics Viewpoints

JANUARY 1, 2024

Historically, omnichannel software solutions were not capable of optimization. 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. Most retailers don’t use scanners to keep their in-store inventory accurate.

Omnichannel 211

Omnichannel Modeling Optimization Software Optimization Modeling 211

ToolsGroup

SEPTEMBER 26, 2023

Fabrizio Fantini, Founder and CEO of Evo commented, “Together with ToolsGroup, we can shape the vision for the supply chain of the future – one that powers smarter supply chain decisions for human managers through optimal price and inventory calculations. We are very excited about this new chapter in Evo’s journey.”

ToolsGroup 296

ToolsGroup Prescriptive Analytics Software Supply Chain Planning Software Modeling 296

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

ToolsGroup

JULY 19, 2023

The Italian consumer goods company applies ToolsGroup’s probabilistic forecasting and inventory optimization across its expansive network to enhance customer experience and business value. This automated, AI-powered solution includes Demand Planning & Forecasting and Inventory Optimization.

Supply Chain Planning Software 120

Supply Chain Planning Software ToolsGroup Supply Chain Planning Forecasting 120

ToolsGroup

AUGUST 25, 2022

BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. for Global Supply Chain Inventory Optimization, 2022. Access the SPARK Matrix™.

Optimal Sourcing 222

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 222

ToolsGroup

APRIL 18, 2023

This resulted in increased promotional activity and heightened customer demand. We recognized that this endeavor required a planning tool that could increase the speed and accuracy of our operations, improving supply chain visibility and driving fast, effective decision making to help us meet consumer demand.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply Chain Network Software 156

The Smart Software

JULY 31, 2023

Often companies will insist that they “don't use forecasts” to plan inventory. They often use reorder point methods and are struggling to improve on-time delivery, inventory turns, and other KPIs. The post Everybody forecasts to drive inventory planning. The post Everybody forecasts to drive inventory planning.

Forecasting 81

Forecasting Forecasting Software Supply Chain Planning Software Inventory 81

Logistics Viewpoints

JUNE 13, 2022

But one thing many would agree it means is putting in new applications where none exist, or perhaps more often, tearing out old legacy applications and replacing them with more modern software platforms. We discontinued it because demand for the service was not there.” No forecast is perfect. Isn’t there a better way?

Supply Chain Planning Software 301

Supply Chain Planning Software Forecasting Software Demand Planning Software Puerto Rico 301