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

Logistics Viewpoints

FEBRUARY 3, 2022

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?

Inventory Reduction 331

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 331

Logistics Viewpoints

JULY 6, 2022

Deflationary pulses are important to understand in our current environment of widespread inflation and a recent commitment to tighter monetary policy to reign it in. I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. This talk of deflation caught me off guard.

Inventory Reduction 312

Inventory Reduction Inventory Retail Purchasing Skills 312

ToolsGroup

OCTOBER 6, 2021

Optimization is peak efficiency, using the perfect balance of inventory and resources to service customer demand without incurring any unnecessary costs or waste. Optimizing is meaningless without an inventory optimization objective. Of course, inventory optimization is infinitely more complex than yacht racing. Wait, What?

Optimization Software 266

Optimization Software Supply Chain Planning Software Supply Chain Optimization Scenario Planning 266

Logistics Viewpoints

APRIL 23, 2025

This policy shift is being positioned as a voluntary industry transition rather than an outright regulatory ban. Sourcing and Ingredient Availability A central impact of this policy is the need to replace synthetic colorants with natural alternatives. This raises complexity in planning, labeling, and inventory control.

Manufacturing Procurement 166

Manufacturing Procurement West Virginia Food Sourcing Strategies 166

Logistics Viewpoints

NOVEMBER 4, 2024

We are no longer just forecasting demand but also when trucks and factory machinery are likely to break down ( predictive maintenance ), the optimal amount of inventory to hold and where it should be held ( inventory optimization) , and labor forecasting in the warehouse. ML is being used to keep key parameters and policies up to date.

Supply Chain Planning Software 312

Supply Chain Planning Software Modeling Optimal Sourcing Supply Chain Design Software 312

ToolsGroup

MARCH 26, 2025

Safety Stock: Navigating Supply Chain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supply chain executives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties. Forecast Inaccuracy Strategically offsets errors in predicting future demand.

Supply Chain Planning Software 156

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Planning 156

Logility

JUNE 5, 2024

This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress. Yet, recent research suggests a more advanced approach, Multi-Echelon Inventory Optimization (MEIO), surpasses traditional methods.

Optimal Sourcing 188

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 188

ToolsGroup

OCTOBER 20, 2020

Equally mystifying to people is the concept of inventory optimization. I explain to people that if they’re getting this process right, overall service levels should go up by 3-5% as overall inventory levels decrease by 15-30%. – Don’t you have to raise inventory levels to guarantee service levels?” Wait, what?

Inventory Reduction 177

Inventory Reduction Optimization Software Supply Chain Optimization Inventory 177

The Smart Software

FEBRUARY 20, 2024

Our customers have usually settled into one way to manage their service parts inventory. The professor in me would like to think that the chosen inventory policy was a reasoned choice among considered alternatives, but more likely it just sort of happened. The post Head to Head: Which Service Parts Inventory Policy is Best?

Policies 100

Policies Inventory Supply Chain Planning Software Demand Planning Software 100

Logistics Viewpoints

APRIL 14, 2025

Use Cases: Spend Analytics: Machine learning models analyze historical purchasing behavior to identify opportunities for cost reduction, supplier consolidation, and policy enforcement. Exception Management: AI tools flag delayed, misrouted, or damaged shipments and recommend responses such as automatic rescheduling or inventory reallocations.

Optimal Sourcing 231

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 231

Logistics Viewpoints

MARCH 6, 2025

Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Strategic moves like bulk buying, closer supplier partnerships, and syncing procurement with supply chain planning can tighten inventory, cut waste, and free up cash. Companies leaning heavily on global sourcing?

Price Reduction 210

Price Reduction Material Savings Cost Reduction Strategies Waste Reduction 210

ToolsGroup

AUGUST 1, 2022

Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase. Knowing the importance of managing the return of merchandise, let’s look at the goals and benefits of a customer-centric return policy.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Logistics Viewpoints

MAY 29, 2025

His keynote address highlighted the company’s recent accomplishments, such as the introduction of a new inventory planning solution, substantial investments in research and development, and advancements in artificial intelligence. Management Layer Oversees goods receipts, inventory, and other related tasks.

Supply Chain Planning Software 204

Supply Chain Planning Software Demand Planning Software Optimization Software Supply Chain Software 204

Logility

MAY 10, 2022

Smart inventory allocation and deployment starts with the right digital supply chain platform. For most businesses, the past two years have been a much-needed teaching moment on the state of their inventory planning, tracking, and management capabilities. Decades-old, tried-and-true rules ?

Optimal Sourcing 173

Optimal Sourcing Optimization Software Inventory Reduction Supply Chain Planning Software 173

Logility

APRIL 3, 2024

The life sciences are integral to the quality of life and lifespan, but the field faces some uniquely difficult inventory challenges. You can then take it a step further with multi-echelon inventory optimization (MEIO), which provides visibility to everything from raw materials, to finished goods.

Supply Chain Optimization 167

Supply Chain Optimization Inventory Reduction Optimization Software Supply Chain Planning Software 167

ToolsGroup

OCTOBER 29, 2024

ToolsGroup’s AI-powered supply chain software is helping manufacturers navigate this new landscape: Probabilistic Demand Forecasting : Accurately predicts demand for reused and recycled parts, minimizing excess inventory.

Automotive 156

Automotive Waste Reduction Supply Chain Design Software Supply Chain Planning Software 156

Supply Chain Shaman

JULY 31, 2024

In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. For additional insights check out our presentation at Informs.

Supply Chain Planning Software 415

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 415

Supply Chain Shaman

MAY 12, 2025

For example, you cannot control governmental policy. Design your supply chain with a focus on the form and function of inventory. Accept what is in the circle of concern and make the best of it. Stay out of your circle of concern and widen your circle of influence. Good luck in your journey. Let me know how I can help.

Modeling 221

Modeling Waste Reduction Supply Chain Planning Software Supply Chain Design Software 221

Enterra Insights

JUNE 22, 2022

Financial writer Emma Kerr ( @emmarkerr ) explains, “Inflation is caused by factors like pressures on the supply or demand side of the economy, money supply policies and even consumer expectations.”[1] The irony of excess inventory. Excess inventory was also caused by the Bullwhip Effect.

Inventory Reduction 130

Inventory Reduction Inventory Prescriptive Analytics Software Inventory Management Software 130

Logistics Viewpoints

JUNE 3, 2025

trade policies on sourcing strategies, inventory flows, and distribution networks amid rising costs. Over two days, the forum addressed key macroeconomic and operational challenges facing the logistics sector. A major theme this year was the global tariff environment, particularly the impact of evolving U.S.

Asia 187

Asia Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 187

Supply Chain Shaman

NOVEMBER 21, 2023

In the early 1980s, As a result, we did not have a perpetual inventory signal. Without a perpetual inventory signal, we were never synchronized on where to place customer orders. As a result, inventories ballooned after the DRP implementation. Production and replenishment policies should never be distinct.

Supply Chain Planning Software 407

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 407

Supply Chain Shaman

DECEMBER 7, 2023

I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. Of the twenty companies interviewed, only one can answer the question, “Do you have a good inventory plan?” No technology in the market measures inventory health. Today, this is not the case.

Supply Chain Design Software 397

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 397

Logistics Viewpoints

JANUARY 20, 2023

This new system of inventory management will go into effect on March 1, and will replace weekly restock limits that Amazon used for calculating FBA storage. Directors at Amazon agencies and accelerators said that these new changes will help sellers forecast inventory better.

Logistics Network Optimization Software 283

Logistics Network Optimization Software Logistics Supply Chain Planning Software California 283

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain.

Supply and Demand 433

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 433

Supply Chain Shaman

DECEMBER 17, 2019

While integration moves data from point A to point B while data synchronization adds policies (and rules) to align supply chain execution to business strategy. It would miss the synchronization of the different streams by policy to the outcome. Consumption is managed by rules, policies, and optimization. Demand Consumption.

Supply Chain Planning Software 284

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Supply Chain Strategy 284

ThroughPut

APRIL 4, 2025

In today’s fast-paced industrial landscape, managing spare parts and MRO (Maintenance, Repair, and Operations) inventory is more than just keeping shelves stocked. With effective Spare Parts Inventory Optimization , businesses can strike a balance between availability and cost, ensuring seamless operations without overburdening budgets.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Cost Reduction Strategies Waste Reduction 52

RFgen

APRIL 18, 2025

From the new tariffs impact on supply chains to newer policy shifts between the U.S., Tariffs are reshaping sourcing strategies, forcing tech upgrades, and making inventory planning a lot more complicated. Instead of waiting for an unexpected EU tariff to force a reaction, the brand closely monitors market and policy trends.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Price Reduction Cost Reduction Strategies 52

Jaggaer

APRIL 24, 2025

She found that the best combination of metrics to evaluate total cost is a balanced scorecard of revenue per employee, operating margin, inventory returns, and return on capital employed. At the same time, sales teams need visibility into upstream constraints such as supplier lead times, inventory positions, and risk exposures.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Demand Planning Software 52

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Logility

JANUARY 12, 2024

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. Its implementation transforms how businesses manage inventory and forecast demand, leading to streamlined and effective decision-making processes.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

ToolsGroup

APRIL 12, 2019

Too many companies get locked into traditional processes and a familiar vicious cycle: unable to reliably forecast an increasing number of SKU combinations, they load up on inventory to accommodate long-tail, erratic demand. achieving the same overall customer service level objective with far less inventory expense. percent, etc.,

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 227

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Inventory Cost Reduction Strategies 156

Logistics Viewpoints

JULY 22, 2021

The process as is implemented in many companies focuses on balancing demand and supply based on preestablished rules and policies that serve as guardrails for the planning process. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks. One off recommendations are made about facility locations (i.e.,

S&OP 290

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 290

Logistics Viewpoints

JANUARY 11, 2023

Inventory Management in a High Inflation Environment ; Clint Reiser. Instead, they are likely to carry higher levels of inventory as a lower cost alternative to minimizing disruptions. Beware the Swinging Pendulum on Supply Chain Inventory Practices ; Polly-Mitchell Guthrie ( Kinaxis ). Will it take decades? Clint Reiser.

Logistics Network Optimization Software 309

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 309

Stord

APRIL 24, 2025

Given the dynamic nature of international trade policies, these numbers and policies may have changed already. Uncertainty and Chaos Given these often changing tariff policies, what's the immediate concern from everyone in the e-commerce sector? The policies are fluid, and what's true today might change tomorrow.

Sourcing Strategies 78

Sourcing Strategies Shipping Price Reduction Cost Reduction Strategies 78

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory. My takeaway?

Optimal Sourcing 300

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 300