ToolsGroup
APRIL 7, 2025
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.
ToolsGroup
MARCH 12, 2025
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?
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ToolsGroup
OCTOBER 14, 2024
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.
ToolsGroup
OCTOBER 17, 2024
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.
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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.
Logistics Viewpoints
FEBRUARY 20, 2025
In addition, many companies are facing challenges with volatile demand requirements, short lead times, an inventory comprised of hundreds of brands and thousands of SKUs, etc. This week, EXOTEC launched the next generation of its Skypod System, designed to address supply chain challenges with robotic automation.
Supply Chain Shaman
MARCH 21, 2023
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?
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Enterprise Resource Planning (ERP) systems play a key role for wholesale distribution companies in this process, serving (among other things) as the inventory management software that attempts to ensure that the right products are available in the right quantities at the right time and place.
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The "TMS+" approach is more than a standalone Transportation Management System (TMS). We outline how the TMS+ breaks down silos to optimize across inventory, transport, logistics, and order management concurrently, intelligently, and in a timely and relevant manner for cost, service, risk, and sustainability.
Speaker: Becky Parisotto and John Vurdelja
📈 Scaling for Seasonal Peaks: Prepare for fluctuations like spring DIY trends or holiday surges with flexible, scalable systems. 🔁 Effortless Complex, Project-Based Orders: Coordinate multi-vendor inventory and timelines for consistent customer satisfaction.
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