ToolsGroup

NOVEMBER 14, 2017

It optimizes the network, but it doesn’t optimize inventory across the network – a shortcut that can lead to a different network once the inventory is optimized. Some would claim that this is sufficient and optimizing inventory in strategic studies is not that important because those details are not important. Here’s why.

Network Design Software 180

Network Design Software Network Design Supply Chain Design Software Network Optimization 180

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

FEBRUARY 2, 2022

All this led to global supply chain disruptions and inventory build-ups, wrong inventory mixes, and supply chain shortages in 2022. You can read more about it in the FT , CNBC , and many other sources or listen to Goldman Sachs’ podcast. Image source: New York Times. Get your Free Playbook ?

Supply Chain Planning Software 177

Supply Chain Planning Software Forecasting Software Forecasting Optimization Software 177

ToolsGroup

NOVEMBER 6, 2018

Source: Gartner Supply Chain Executive Conference. There are extremely long distances between some transportation hubs. P&G knew that it needed to improve its S&OP forecast quality, while reducing the human effort and inventory needed to meet customer service levels.

Supply Chain Planning Software 232

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Gartner 232

ToolsGroup

JULY 24, 2019

Global supply chains boomed thanks to bountiful cheap labor, dramatically less expensive communications, and lower-cost transportation. And this low cost fostered a mentality of incremental thinking with mid-level managers focused on squeezing out 1-2% a year in cost savings through sourcing, says Pete Guarraia of Bain consultancy. .

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Planning Scenario Planning Gartner 189

ToolsGroup

DECEMBER 20, 2021

I’ve worked in the supply chain for 30+ years, working for major retailers including Kmart, Michaels and Five Below, as well as on the 3PL and logistics side with companies including FedEx, where I was Vice President of Global Transportation, and UPS, where I worked as Vice President of Supply Chain Design. Image source: Bloomberg.

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

Supply Chain Shaman

MARCH 6, 2018

Credit for this image goes to ToolsGroup. There are natural processes that require tactical horizon for procurement buying and transportation sourcing, and Sales and Operations Planning. Linear optimization assumes a normal distribution of data. I liked their image. Increasingly, withhe. The best teams define governance.

Supply Chain Planning Software 210

Supply Chain Planning Software Prescriptive Analytics Software Supply Chain Planning Scenario Planning 210

ToolsGroup

OCTOBER 11, 2017

You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner. 2% reduction in transportation costs (percent of sales). 9% reduction in inventory obsolescence (percent of inventory value).

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

ToolsGroup

FEBRUARY 7, 2022

Data source: eMarketer. And based on Placer Lab’s data , the investment looks promising, with monthly 2021 monthly in-store visits up across the board in comparison to 2019: Image source: Placer.ai. Image source: Bring Me the News. eCommerce Purchases and “The New Normal” Retail Categories. Trust Google to have the answer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

ToolsGroup

SEPTEMBER 22, 2015

But companies can overcome this obstacle by positioning the right inventory across the supply chain to absorb such volatility. Surprisingly, there is an immediately available, relatively straight-forward alternative – fixing your inventory (safety stocks) to cope with the forecast uncertainty. Getting the Right Inventory Mix.

Modeling 120

Modeling Optimal Sourcing Supply and Demand Demand Planning Software 120

ToolsGroup

JUNE 2, 2023

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Enterra Insights

JANUARY 31, 2019

‘End-to-end planning decisions such as an inventory strategy and optimization and S&OP trade-offs fall into this [complicated] category.’ End-to-end planning decisions such an inventory strategy and optimization and S&OP trade-offs fall into this category. ” Complexity begs for cognitive capabilities. .”

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Gartner 100

ToolsGroup

MARCH 5, 2019

And while each market can be unique, we found a few repeating themes in our own experience and from sources including Gartner and our customers Procter and Gamble (P&G) and Cipla Medpro. Not knowing how much inventory is at each location. Supply chain planning in emerging markets is different. Here’s what we found: 1.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 159

ToolsGroup

MAY 2, 2023

Inventory Remains Make-or-Break for Omnichannel Success With brick-and-mortar stores opening again, new markets beginning to emerge, and product diversification increasing, efficient omnichannel management is becoming both more complicated and more essential. The ToolsGroup team, ready for another day of great conversations and insights!

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Network Software Inventory Reduction Demand Planning Software 156

Supply Chain Shaman

MARCH 8, 2016

In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. While ToolsGroup and SAP (with the acquisition of SmartOps) are the nearest competitors, Terra prided itself on delivering better decisions through better math. The Company has a checkered past.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

ToolsGroup

JULY 19, 2023

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. They ingest information like transportation plans or shipment delays and model the implications of unexpected events. Get the insights you need. Don’t let your bottom line bottom out.

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

ToolsGroup

JULY 26, 2016

They don’t know how to segregate, forecast or inventory these “extreme error” items. Leverage Inventory More Effectively. Firms are incorporating a pull-based replenishment approach or an inventory “ pull strategy ” that can operate with less inventory, more stable supply operations and improved cash flow.

Forecasting 120

Forecasting Supply and Demand Optimal Sourcing Inventory Reduction 120

ToolsGroup

JANUARY 13, 2021

We’ve found our customers are urgently seeking ways to better plan around supply chain demand volatility and improve how they source materials and products from suppliers. We hope you enjoy the blog, which represents predictions and observations from across our global ToolsGroup community. Here’s to a healthy and prosperous year ahead!

Supply Chain Planning Software 272

Supply Chain Planning Software Predictive Analytics Software Supply Chain Planning Scenario Planning 272

Supply Chain Digest

MAY 8, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Content Being Accessed: Inventory Optimization Case Study: OReilly Auto Parts. OReilly Auto Parts drives inventory management to stay in the fast lane. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp.

Optimal Sourcing 32

Optimal Sourcing Case Study Optimization Software Inventory Reduction 32

ToolsGroup

JULY 11, 2017

Gartner recommends multiplying the planned unit volume: by price to generate monetized revenue plans, by cost to generate monetized inventory plans, by margin to generate monetized profit plans. 4-9% decrease in the value of obsolete inventory as a percentage of total stocked goods (product costs).

S&OP 92

S&OP Supply and Demand Inventory Reduction Price Reduction 92

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Source: Consultancy.UK. Image source: Fortune. Consultancy UK).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Digest

MAY 8, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Content Being Accessed: White Paper: Multi-Echelon Inventory Optimization. Understanding the complexities and tools needed in managing inventory across multi-levels of the supply chain. Bar Coding/Label Printing. Compliance Networks.

Supply Chain Design Software 32

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 32

ToolsGroup

JUNE 27, 2022

Reduce transportation costs by placing factories in optimal locations, depending on raw material and consumer locations. They include things like the cost of materials, labor, and transportation. With better communication and unified systems, a company integrated with its supplier can: Monitor quality more closely.

Price Reduction 156

Price Reduction Cost Reduction Strategies Material Savings Supply Chain Planning Software 156

Supply Chain Matters

JUNE 14, 2022

Included in this June 14, 2022 edition are updates featuring the following providers: ToolsGroup and Onera. ToolsGroup Acquires Onera. According to the announcement , the combined software offering gives retailers crucial visibility into inventory as well as the sophistication needed to optimize planning and fulfillment.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimization Software Demand Planning Software 52

Supply Chain Digest

MAY 8, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Forecasting 32

Forecasting Optimal Sourcing Forecasting Software Supply Chain Design Software 32

Supply Chain Digest

MAY 8, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Agile and Lean Supply Chain 32

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Lean 32

Supply Chain Digest

MAY 8, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Supply Chain Design Software 32

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 32

Supply Chain Digest

FEBRUARY 24, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Supply Chain Performance 32

Supply Chain Performance Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain 32

Supply Chain Digest

JANUARY 30, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Agile and Lean Supply Chain 32

Agile and Lean Supply Chain Manufacturing Procurement Lean Supply Chain Design Software 32

Supply Chain Digest

JANUARY 30, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Agile and Lean Supply Chain 32

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 32

Supply Chain Digest

MAY 8, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Supply Chain Design Software 32

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Optimal Sourcing 32

Supply Chain Digest

FEBRUARY 24, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Supply Chain Design Software 32

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 32

Supply Chain Digest

JANUARY 31, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Supply Chain Design Software 32

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 32

Supply Chain Digest

JANUARY 30, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Agile and Lean Supply Chain 32

Agile and Lean Supply Chain Lean Manufacturing Procurement Optimal Sourcing 32

Supply Chain Digest

JANUARY 29, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Agile and Lean Supply Chain 32

Agile and Lean Supply Chain Lean Manufacturing Procurement Supply Chain Design Software 32

Supply Chain Digest

JANUARY 29, 2009

Inventory Management/Optimizat. Transportation Management Syst. ToolsGroup. Supply Chain Digest is the industry’s premier interactive knowledge source, providing timely, relevant, in-context information. Bar Coding/Label Printing. Compliance Networks. Consumer Goods and Retail Supp. Demand Planning/Forecasting.

Cost Reduction Strategies 32

Cost Reduction Strategies Vendor Strategies Inventory Reduction DC 32