This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
This uncertainty makes dynamic inventory replenishment optimization essential for business success. Effective inventory optimization directly impacts customer satisfaction, loyalty, operational costs, and waste reduction making it a critical business function in todays volatile market.
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Organizations require robust inventory management systems capable of handling diverse parts throughout their lifecycle.
Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. 🔁 Effortless Complex, Project-Based Orders: Coordinate multi-vendor inventory and timelines for consistent customer satisfaction. Save your spot today!
Michael Burry’s tweet stated that the supply glut at retail is a result of the Bullwhip Effect and that there will be deflationary pulses from this. 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?
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?
ToolsGroup was named the leader in the 2024 SPARK Matrix™for Retail Forecasting and Replenishment for its ability to optimize demand forecasting and deliver more strategic pre- and in-season replenishment and allocation strategies in complex retail environments.
ToolsGroup invites NRF attendees to Booth #4043 to explore its retail planning technology, including the launch of Inventory.io, designed to help businesses prepare for the unknown in 2025. Retailers are increasingly concerned about the year ahead as they grapple with potential tariffs and broader economic uncertainties.
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
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). Focusing on this information once per month during the S&OP meeting is too late for all business units to align.
Setting the Stage The National Retail Federation’s 2025 conference has unveiled a clear vision of retail’s future, where artificial intelligence, integrated planning solutions, and customer-centric approaches are reshaping the industry landscape. Here are the key insights we gathered firsthand at this year’s event.
Recent statistics have revealed a surge in sales across the United States , indicating a growing trend that has caught the attention of both consumers and retailers alike. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.
For retail and consumer packaged goods (CPG) companies, the busy shipping season came early. But shippers looking to avoid disruptions and ensure that tight inventory levels don’t lead to missed sales opportunities pulled their orders forward. The peak inbound season typically starts around this time of year.
OneRail recently secured series C investment to drive growth and unlock dynamic fulfillment for enterprise retailers and wholesalers. With its recent acquisition of Orderbot, a distributed order management solution, OneRail is integrating inventory and order management capabilities to enable store-shelf-to-doorstep visibility.
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.
Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. Retail Returns Statistics Demonstrating the Path to Business Growth.
trillion distortion inventory problem. Karl is the CEO and Co-founder of Pull Logic , an AI-enabled tech company focused on reducing lost sales for retailers, brands, and manufacturers due failure points in the supply chain and selling processes. Karl Swensen and Joe Lynch discuss solving the $1.8 Summary: Solving the $1.8
It’s no simple task providing customers access to the full range of capsules and coffee machines on all sales channels, across more than 70 boutiques in Italy, while optimizing inventory levels. ToolsGroup has allowed us to significantly increase end-to-end control of the replenishment process of our retail network.
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?
As ecommerce grew at double digit rates, while in store sales grew at less than the rate of inflation, retailers were looking for a way to turn their stores into a competitive weapon. These new order fulfillment paths allowed retailers to rapidly grow sales. First, the rules used to enable an OOM system can be staggeringly complex.
FabFitFun Warehouse in Chino, CA FabFitFun is an interesting retailer with a complex supply chain. They have been successful enough with their fulfillment capabilities that they are no longer just a direct-to-consumer retailer; they are also a third-party logistics provider. Why did this subscription retailer select Körber?
Businesses are responding with production shifts, supply chain diversification, inventory stockpiling, and trade route adjustments in efforts to lessen the financial burden and avoid long-term instability. Retailers and e-commerce giants like Amazon are stockpiling key inventory, preparing for potential further trade restrictions.
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. Solvoyo has a metric they call the user acceptance rate. planner acceptance rate.
In todays volatile retail landscape, organizations face unprecedented challenges across both category management and inventory planning. To remain competitive, retailers must embrace a comprehensive approach that taps into the synergy across all functions from category management to inventory allocation.
IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. Read the press release here.
Retailers know firsthand how quickly the market can change. Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. The retailers feel the impacts of the recession fast and deeply.
A significant addition to our Inventory Hub® product, Dynamic Fulfillment leverages advanced optimization logic to determine what to ship, from where, in real-time, to reduce shipping costs, improve margins, and satisfy empowered customers. As an example, let’s say you’re trying to fulfill a pallet order of heavy items in Boston, MA.
Like any Supply Chain, Retail Supply Chains have their own unique challenges. The retail supply chain is dealing with the consumer directly and the customer really is King. So everything in the retailer’s Supply Chain strategy needs to be focused on the customer, and of course the shareholders, that goes without saying.
It can ingest massive amounts of internal and external data and process it within the unique algorithmic engine to deliver easy-to-apply recommendations on how to optimize inventory levels, streamline supply chains, and maximize revenues. Retailers have long used business analytics to inform decision-making. How Does EvoAI work?
During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. Another example of data normalization is accounting for lost sales due to stockouts or waste of perishable products due to overstocking of inventory.
Establish inventory reserves in key markets to avoid supply chain disruptions. Leverage Foreign Trade Zones (FTZs) and Pre-Buying Strategies Manufacturers can mitigate tariff impacts by strategically managing inventory. Diversify customer base outside of United States to avoid tariffs on broader sales base.
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.
In todays unpredictable business environment, inventory is no longer just a cost centerits a strategic asset. And with volatility comes the need for smarter, faster, and more flexible inventory management strategies. Key Strategies for Inventory Optimization in 2025 1.
This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels. ToolsGroup’s advanced supply chain planning and optimization suite will be instrumental in refining our inventory management strategy and enhancing our competitive edge.
Here are the challenges retailers may face in their supply chain operations in 2022 and some tips for overcoming them. As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration.
There’s alot of content noise so I find it useful to understand the market by reading what retailers are directly saying each quarter. Look for another article later this week and part 4 of the What Retailers Are Saying Series on May 18. 🙏 Retailers Tractor Supply Q1 ending March 29. Christopher J.
It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. Whether you’re in manufacturing, retail, or another industry, navigating the uncertainties can feel like solving an intricate puzzle.
It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. Whether you’re in manufacturing, retail, or another industry, navigating the uncertainties can feel like solving an intricate puzzle.
As Black Friday rushes past, you may be reviewing your inventory performance, especially if certain items sold out too fast or if slow-movers are now taking up too much space. Even worse, maybe you did have inventory in your network, but it was in the wrong location to meet customer demand.
More broadly, AI can be deployed across functions to shift inventory, switch transportation modes, find new carriers, communicate across functions and regions with customers and partners, and otherwise deliver a smart, collaborative response. For most supply chain and logistics teams, their execution options are not limitless.
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.
Distribution Network : Amul employs a wide distribution network that includes a mix of direct sales to retailers, wholesalers, and through its own branded outlets. Technology Integration : Use of technology in logistics, inventory management, and supply chain tracking has helped improve efficiency and transparency.
While some retailers made bold moves that paid off, others struggled with familiar issues like stockouts, misaligned promotions, and consumer fatigue. Retailers with smooth, fast, and intuitive digital experiences came out ahead. Plan real-time adjustments to your inventory to meet shifting trends.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content