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Are you making the fatal mistake of underestimating the importance of inventory rebalancing? Many retailers treat inventory management as a mundane task rather than a strategic lever for success. It’s about strategically adjusting your inventory levels across locations and products in response to real-time customer demand.
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.
Logility ) ( NASDAQ: LGTY ), a leader in AI-first supply chain planning software, today reported its second quarter fiscal year 2025 financial results. For the six months ended October 31, 2024, the Company reported continuing operating earnings of approximately $2.9 million compared to $7.7 million for the same period last year.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report. Another 57% will do it in the next 12 months*.
Inventory management has always been challenging. Too often, inventory is viewed from an aggregate position, likely driven by finance, who are concerned about working capital implications. Inventory should act as a buffer to adsorb variability and decouple the demand from the supply side of our supply chains. – Tweet this.
Delays, excess inventory, missed handoffs, and reactive decision-making are all signs of a supply chain that lacks coordination. The factory uses this information to make scheduling and inventory decisions more efficiently. Dell reports reduced cycle times and improved productivity as a result.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?
Download this complimentary report to learn about: Gartner’s research findings on the role of scenario planning in S&OP. How to articulate scenarios for portfolio planning, network, inventory, and more. The paradigm shift happening in S&OP and pain points experienced by SCP leaders.
Choosing the right inventory management software , often referred to as an inventory control system, can be the difference between a well-oiled, profit-generating operation and one plagued by costly mistakes and inefficiencies. Modern inventory management solutions have evolved far beyond basic stock counting.
This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. You set a target inventory level. We have lots of functions, lots of analytics, lots of reports.” That’s an action.
They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Excess inventory, stockouts, and increased transportation expenses are common consequences of outdated planning methods. Amazon is a leader in AI-driven supply chain management.
Supply chain reports offer a comprehensive view of your entire supply chain operation. What are Supply Chain Reports? However, identifying and addressing slow-moving and obsolete inventory is necessary to prevent capital from being tied up in unproductive assets.
How are organizations performing on inventory optimization? Find out in this new research report. Inventory: asset or liability? Although nobody could have predicted the degree of disruption most companies experienced last year, the pandemic did expose the many challenges organizations face when it comes to inventory.
I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. Retailers’ Inventories – Just Keep your Returns? Unfortunately, I am unsure about the order of magnitude or the duration of these inventory mismatches. Here’s my take on the topic.
Technologies such as artificial intelligence, IoT, and predictive analytics enable smarter inventory management, real-time tracking, and predictive maintenance, reducing waste and costs. This pillar is about creating value, reducing risks, and positioning the organization for long-term success.
In a recent study, almost three-quarters (74%) of shippers reported they would switch to 3PL providers based on their AI capabilities. Teams are constrained by their physical resources, like trucks, inventory, and labor capacities, as they seek to resolve a disruption.
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.
Team Procure Cloud offers a comprehensive solution to procurement management, streamlining the entire process from purchase requests and approvals to supplier management and inventory control. One of the key features of the platform is the custom approval workflows, which are tailored to each department within an organization.
They integrate, align, and activate data across the business to drive better, faster decisions unlike legacy reporting tools that can’t. The best systems feature these five components: A Unified Data Hub Centralizes and harmonizes data for one-number reporting and consistent insights.
Additionally, ensuring that current reporting mechanisms align with DPP requirements is vital for long-term compliance and operational success. Successful integration leads to improved transparency, streamlined reporting, and enhanced decision-making.
In addition, ToolsGroup was recognized as the leader in the 2024 SPARK Matrix for Global Supply Chain Inventory Optimization for the third consecutive year for its ability to reduce costs, maximize profitability, and meet customer’s strategic business goals. Reserve a time to connect with ToolsGroup at Booth 4043 here.
After finishing the Supply Chains to Admire report and the Youtube series (to be released this week), this is my feeling. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. Here, in this blog, I explain. Reflections on Excellence.
Brittle supply chains, fragmented systems landscapes, unreliable and inaccurate data, as well as poorly managed IT and business networks are consistently reported as top concerns, which is why executives are increasingly prioritizing digital transformation.
Sellercloud serves small to mid-sized retailers, wholesalers, and manufacturers with inventory and order management systems (IMS/OMS) that help manage and synchronize inventory across multiple sales channels, while also facilitating order fulfillment.
NASDAQ: MANH) reported annual revenue of $1.042 billion, up from $929 million last year. Eddie Capel, CEO of Manhattan Associates Yesterday, Manhattan Associates Inc. This represents year-over-year growth of 12.1%. Manhattan joins a select group of supply chain software suppliers generating over $1 billion in annual revenue.
Inventory is the lifeblood of any manufacturing business. By leveraging analytics and key performance indicators (KPIs), manufacturers can optimize inventory, reduce waste, and boost profitability. Tracking inventory flow and performance across your supply chain is a must. Thats where data-driven decision-making comes in!
Returns Management and Integration With 35% of online purchases being returned, predominantly to physical stores, retailers are grappling with the ripple effects on inventory management. Early adopters of these integrated platforms report significant improvements in inventory turnover and reduction in stockouts.
Wikipedia In 2014, I was exploring methods to publish what is now the Supply Chains To Admire report. This data source synchronizes corporate reporting across global markets while tracking restatements, name changes, and currency shifts.) We have archived corporate reporting from Y charts for 1982-2023. but declining.
Functional excellence throws the supply chain out of balance decreasing results on a balanced scorecard of growth, margin, inventory turns, customer service and ROIC (Return on Invested Capital). 56% of the respondents reported an active supplier development program. Reset: A n act or instance of setting again.
The buyers dont report to Mr. Gainsford. They lead to poor customer fulfillment, higher inventory, and higher shipping costs. He painstakingly spoke to each of them to get their buy-in. For material managers, he made the case that they would be much more likely to get their inbound supplies on time. He needed to influence them.
According to McKinsey & Company and BoF Insights State of Fashion 2025 report, achieving Inventory Excellence is a critical priority for retailers aiming to remain profitable amidst these economic challenges. Early adopters of the Inventory.io Media Contact: Escalate PR for ToolsGroup toolsgroup@escalatepr.com
Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. We paused publishing the report this year while we worked with Georgia Tech on the right balance of metrics to drive market capitalization/employee. Change is Hard.
Deloitte reports customer-centric companies are 60% more profitable than those that aren’t. Implementation of Demand-Driven Supply Networks (DDSN) Many manufacturers report rising demand volatility (81% have seen volatility increase in recent years electroiq.com ), reinforcing the need for agile, demand-driven planning.
As an old gal, with over forty-years of supply chain experience, writing this report for ten years taught me many lessons. I find in the orbit chart analysis that 45% of companies in the report are unconsciously incompetent. An average margin of 21% with inventory turns of 1.58 Wrap-up Spend time with the report.
The time gave me a good time to reflect and finish the reports that I should have completed in the summer when I recovered from Uterine Cancer. Writing and Reflection Completing the edits on the two reports that are publishing soon, felt good. The reports took me two months to write. Today, I wish good health for each of you.
The Losers Are the Global Multi-National Supply Chain Teams As I work on the Supply Chains to Admire report, that will publish soon, I wince at the performance of large strategic customers of the supply chain planning vendors when compared to their peer groups. Both will be explained in the upcoming Supply Chains to Admire report.
Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.
In fact, Gartner also found that only 10% of CEOs say their business uses AI strategically, and just 9% of technology leaders report having a clearly defined AI vision statement. Yet, many companies struggle to harness AIs full potential. A strong statistical foundation is essential to navigate the inherent unpredictability of demand.
12 Useful Websites to Help You Liquidate Inventory and Make Money This blog post is about websites that can help you sell excess inventory and convert it into cash. However, liquidation involves selling excess or unwanted inventory to convert it into cash. Download Procument Reports 7.
This report maps growth corridors across functions, technology, and regions. Download Executive Summary Warehouse Management Systems (WMS) Beyond inventory: WMS is the control tower of modern fulfillment. Go deeper with the full report. Download Executive Summary Supply Chain Planning Smarter planning starts here.
Specifically, the company announced the release of five, new generative AI agents: Inventory Ops Agent: This agent helps planners match supply with demand by guiding attention to mismatches, exceptions, and systemic issues. It includes root cause diagnosis and alternative action recommendation. truck, rail, barges), and sea.
I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. Holistic design of the form and function of inventory with a focus on setting inventory targets for each flow. Reports to a Profit Center Manager. Funny, isn’t it? Improved Forecast Value Added (FVA).
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