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
In today’s interconnected global economy, sustainability within supply chains and logistics has become a necessity rather than an option. Regulatory demands, rising consumer expectations, and global challenges such as climate change and social inequality have made sustainable practices a strategic priority.
The transition to renewable energy and the adoption of sustainable practices are now essential for reducing environmental impact, ensuring regulatory compliance, and maintaining competitiveness. Retrofitting existing infrastructure with energy-efficient technologies further enhances sustainability efforts.
The synergy between warehouse robotics and rooftop solar energy presents a compelling opportunity for warehouses to enhance operational efficiency, cost savings, and sustainability. Robotic arms handle repetitive and intricate tasks such as picking and placing items, whereas drones are employed for inventory management and surveillance.
Equally perplexing is inventory optimization. Many assume that increasing inventory is necessary to improve service levels. But businesses that get inventory optimization right can boost service levels by 3-5% while reducing overall inventory by 15-30%. Doesnt reducing inventory hurt service levels? Wait, what?
From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*.
If you’re managing inventory with spreadsheets , you’re not alone—but you might be falling behind. In this dynamic environment, inventory management powered by spreadsheets is no longer a viable strategy. Why Spreadsheets Are Failing Inventory Management Excel feels familiar. But familiarity doesn’t equal effectiveness.
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.
Corporate Knights also ranked the company the most sustainable company in its peer group and the 7 th most sustainable company overall. Resilience and Sustainability Have Increased in Importance Finance is still a key stakeholder. Supply chain design can be a valuable tool for driving sustainability.
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.
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.
Last week, I sat down to speak with Chris Jones, Executive Vice President, Industry and Services at Descartes Systems Group about sustainable home delivery. First, why is there so much interest in sustainability and home delivery? Third, are consumers more or less interested in sustainable home delivery?
As the industry expands, there is an increasing need to implement sustainable practices throughout the supply chain to reduce environmental and social impacts while ensuring long-term viability.
Flawless execution relies on strategic planning; cost-effective operations require flexibility and agility to mode-shift and access a full cost-to-serve picture beyond transport; high customer service levels rely on being capable to promise factoring inventory levels and availability across all domains into transport planning and execution.
AI, automation, and sustainability initiatives are central to this transformation. Just-in-time (JIT) inventory models, lean supplier networks, and offshore manufacturing reduced expenses but left companies exposed to disruptions. Sustainability tracking systems are also ensuring compliance with evolving ESG regulations.
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.
Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization.
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!
Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker
In this session we will cover: How geopolitical tensions are heating up and how they will reshape the configurations of future supply chains Regulations are also heating up, requiring more innovation and resilience The conundrums and conflicts of interest in achieving sustainability goals, looking at the big picture, and evaluating the geopolitical (..)
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.
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. This doesnt eliminate those systems, it organizes the data they produce.
The transportation, logistics, and energy storage sectors are undergoing profound transformation, driven by rapid technological advancements, evolving consumer expectations, and the global pursuit of sustainability. As supply chains transition to a more circular and sustainable model, M&A activity in this domain is expected to intensify.
trillion distortion inventory problem. Trillion Inventory Distortion Problem In this podcast, Karl Swensen, CEO and Co-founder of Pull Logic, discusses how their AI-enabled technology helps retailers, brands, and manufacturers reduce lost sales by addressing supply chain and selling process failure points. Summary: Solving the $1.8
In an era of increasing environmental consciousness, the automotive industry is undergoing a transformative shift towards more sustainable practices. Remanufacturing: A Pillar of Sustainability Remanufacturing plays a critical role in the automotive aftermarket’s sustainability efforts. billion in 2024 to $41.02
Making Sustainability Happen for Real! Sustainability has become a core focus for industries worldwide, and warehousing is no exception. With increasing environmental awareness, companies are adopting innovative strategies to make warehousing more sustainable without sacrificing productivity. Subscribe Responsible Sourcing!
As a Principal FMCG Supplier, mastering this balance is essential; not just for growth, but for long-term sustainability. Do Embrace Technology and Data : Use real-time data for demand forecasting, inventory management, and route optimization. Ensure margins are fair and sustainable. I would also love to hear your thoughts!
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. preserves that increased margin through end-of-the-season discounts while maximizing sustainability. Additionally, Markdown.io
AI is also making it possible to define a response that balances multiple outcomes, such as cost, service, profitability, and sustainability, applying pre-defined rules and guardrails. Teams are constrained by their physical resources, like trucks, inventory, and labor capacities, as they seek to resolve a disruption.
An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. This may include developing shared roadmaps for product development, cost-saving innovations, and sustainability goals. This proactive approach can create win-win scenarios, fostering long-term loyalty and partnership.
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.
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.
By embracing collaboration, real-time data, and a focus on sustainability, companies can build resilience, improve margins, and gain a competitive edge. They also performed Transportation and Inventory Optimization to ensure that products are delivered on time and with minimum inventory.
In modern distribution networks, meeting service levels requires getting precisely the right inventory to the right locations at the right time. Today’s most successful businesses derive significant profit from “ long-tail ” products that traditional forecasting struggles to manage.
Its ability to translate probability distributions into real-time inventory and replenishment actions sets it apart from other vendors. It isn’t just forecasting demand; they’re orchestrating it. For retailers seeking agility, resilience, and automation at scale, ToolsGroup represents the benchmark.
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.
By maximizing space utilization, improving inventory control , and boosting workflow efficiency, you can unlock significant cost savings and elevate your customer service game. Eight proven optimization strategies, combining technology, best practices, and sustainable solutions. Ready to get started?
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. In addition to cognitive solutions, another main theme was a continued commitment to sustainability.
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.
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. Media Contacts QKS Group Shraddha Roy PR & Media Relations shraddha.r@qksgroup.com
When we compare the companies listed on the Gartner Top 25 to peer group results for the period of 2013-2023, we find that 59% of the listed companies score below their peer group on year-over-year growth, 41% below their peer group on inventory turns, and 41% fall below their peer group on Return on Invested Capital (ROIC). Does it matter?
Meanwhile, LogiSYM Asia Pacific, a well-established event with over a decade of history, brought together professionals from supply chain, logistics, and shipping sectors for strategic discussions on resilience, digitalization, sustainability, and global trade dynamics.
The latest study highlights opportunities for businesses to strengthen resilience with artificial intelligence (AI)-driven demand sensing to optimize inventory, realize more value from planning investments, and better serve clients during disruptions of any size. Orlando, FL – October 2, 2024 – E2open Parent Holdings, Inc.
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