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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!
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.
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.
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.
If so, optimizing your inventory management strategy can be a game-changer. This method offers a solution to various inventory and shipping challenges for businesses just like yours. Below, we outline three ways blind shipping can help optimize your logistics, keep inventories healthy and save you money!
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.
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.
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.
One of my favorite examples is using e-commerce to test and learn consumer preferences before the launch of brick-and-mortar strategies in retail. The demand latency of an e-commerce order is hours and days as compared to the traditional retail replenishment demand latency of weeks and months. There are two virtual classes.
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?
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?
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
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.
The review evaluates vendors on their ability to deliver probabilistic forecasting, which QKS notes, “is no longer a strategic advantage—it’s the bare minimum for retail demand planning and supply chain resilience.” For retailers seeking agility, resilience, and automation at scale, ToolsGroup represents the benchmark.
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.
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.
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.
Leveling up your inventory life cycle can be crucial, but keeping all the fundamental factors jumping is essential to let the life cycle evolve. However, if the life cycle stock is healthy, inventory management is smooth. Inventory management revolves around the pivotal concept of the product life cycle. Click 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.
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 the 2024 holiday season, it reduced unnecessary package movement and shortened delivery distances by leveraging AI to strategically position inventory closer to customer locations. Walmart has implemented AI to enhance inventory forecasting. For example, Amazon uses AI to optimize delivery logistics.
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.
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.
Compared to peer group performance for 2013-2023, 59% of the Gartner Top 25 score below their peer group on average revenue growth, 41% below inventory turns, and 41% below their sector on invested capital. Align the organization in 2025 to a balanced scorecard of growth, operating margin, inventory turns, ROCE, and order fulfillment.
Logistics systems must ensure that information about shipments flows correctly between suppliers, distributors, and retailers. • For example, coordinating inventory management systems with demand forecasting tools. • Scalability: Provides a scalable structure that can adapt as supply chains grow and incorporate innovative technologies.
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. Autonomous trucks will revolutionize logistics.
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.
The booths at the National Retail Federation (NRF) on January 12 th -14 th will shine brightly with AI plastered everywhere. Yawn and walk on if the answer is i mproving demand error or reducing inventory levels. The session is open to manufacturers, retailers, consultants, and academics.
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.
These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. Factors like planning tools, inventory management, demand patterns, and innovations in technology contribute to the success or failure of fulfillment optimization.
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.
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