article thumbnail

Spare Parts to Profits: Strategic Inventory Mastery

ToolsGroup

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively.

article thumbnail

ToolsGroup Unveils Inventory.io to Deliver AI-Powered Inventory Optimization for Retailers

ToolsGroup

New solution debuting at NRF 2025 reduces stockouts and markdowns, driving profitability BOSTON January 13, 2024 ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of Inventory.io, an AI-powered solution designed to simplify inventory management and enhance profitability.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inventory Everywhere, But Not the Right Product to Ship

Supply Chain Shaman

Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation. Next steps?

article thumbnail

A Thing of Beauty: How Belcorp Mastered Its Supply Chain Complexity with Advanced Multi-echelon Inventory Optimization and Planning Digital Solution

ToolsGroup

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+), Demand Planning, and the Multi-Echelon Inventory Optimization (MEIO) model, transformed their operations. It played out as follows.

Modeling 156
article thumbnail

The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Prepare your team to navigate seasonal peaks and meet specialized delivery expectations without missing a beat. 🔁 Effortless Complex, Project-Based Orders: Coordinate multi-vendor inventory and timelines for consistent customer satisfaction. . Save your spot today!

article thumbnail

Streamlining Warehouse Operations with Mobile Inventory

RFgen

Introduction Inventory management is the backbone of a successful supply chain operation, but it’s often a source of persistent frustration. Mobile inventory management offers a transformative solution, providing the real-time data and streamlined workflows needed to optimize operations and gain a competitive edge.

article thumbnail

AI-Powered Inventory Planning for Better Sleep

Logistics Viewpoints

With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.

article thumbnail

Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar).

article thumbnail

Striking a Balance in the Supply Chain: Navigating Volatile Supply and Demand to Meet Customer Needs

Speaker: Tony Darnell, Shipping Manager at Lippert Components

To make smart allocations, they need to visualize inventory across multiple warehouses and cater to different customer needs.

article thumbnail

Multi-Tier Supply Chain Application Enables Fortune 100 Company to Gain Visibility

Which suppliers were being roadblocks, Which posed threats to assurances in supply, What information was being conveyed between suppliers and other supplier and inventory management issues. This lack of visibility caused issues meeting customer demands in a timely manner.