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ToolsGroup Launches Integrated In-Season Retail Inventory Optimization Solution 

ToolsGroup

BOSTON & LONDON — January 15, 2024 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite. Read more HERE.

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Multi-echelon Inventory Optimization vs Inventory Optimization

ToolsGroup

The subway system is the lifeblood of New York City, pre-COVID carrying an average of 5.5 Imagine what would happen if each station optimized its schedule and traffic independently: city-wide chaos would ensue. The basic approach to inventory optimization. million people per day in 6,684 cars across 472 stations1.

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This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

And now on to this week’s logistics news. Retailers are reviving an old playbook to manage their inventory levels after four years of struggling to find the sweet spot of holding enough merchandise but not too much. “We are in discussion with the City Council to create the Department of Sustainable Delivery ,” Adams said.

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Baltimore Bridge Collapse: An Opportunity to Reinforce the Importance of Supply Chain Resilience

Logistics Viewpoints

The neighboring port in Norfolk Virginia and other east coast ports like New York City can absorb the additional traffic without many complications or delays, but this incident provides an opportunity to discuss the importance of supply chain resilience.

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NRF 2022: 4 Big Session Themes from Retail’s Big Show

ToolsGroup

In a bold move which bore resemblance to the fighting spirit of the retail industry as a whole these past two years, the National Retail Federation (NRF) Big Show 2022 went ahead as planned in New York City despite rising COVID cases and reduced attendance. Download guide: 8 Winning Strategies to Combat Supply Shortages ?

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Omnichannel Focus on BOPIS

Enterra Insights

In the retail world, BOPIS stands for Buy Online Pick-up In Store and for some retailers it has become the heart of their omnichannel strategy. In addition, it solves critical challenges in final mile strategies, reduces costs associated with inventory management, and more.”[2] ” Integrated Inventory Management.

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This Week in Logistics News (October 23 – 29)

Logistics Viewpoints

The company said it has invested more in inventory planning and partnerships with suppliers so it has enough goods on hand while making sure it can route items to where they’re urgently needed. With its new team of robots and the advanced facility, both operated by GXO Logistics, Saks is aiming to keep up with surging online sales.