ToolsGroup

SEPTEMBER 20, 2022

20, 2022 — ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, is proud to announce that CEO Inna Kuznetsova has been selected as a recipient of the Supply & Demand Chain Executive 2022 Women in Supply Chain award. About ToolsGroup. BOSTON — Sept.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Modeling 156

ToolsGroup

MARCH 31, 2022

In the midst of the pandemic and other events that remind us uncertainty is a constant, Rob and Mauro have shown their mettle,” said ToolsGroup CEO Joseph Shamir. About ToolsGroup. For more information, follow ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. About Supply & Demand Chain Executive.

Supply Chain Planning Software 120

Supply Chain Planning Software Demand Planning Software Supply and Demand ToolsGroup 120

ToolsGroup

MARCH 17, 2021

BOSTON, March 17, 2021 – ToolsGroup, a global leader in supply chain planning software, is proud to announce that ToolsGroup Director of Professional Services for Europe, Michael Haiber, and Vice President of Professional Services, Stefano Novati, were both named 2021 “Pros to Know” by Supply & Demand Chain Executive magazine.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

ToolsGroup

FEBRUARY 23, 2021

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. Anyone can come up with a plan.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Modeling Optimization Software 156

ToolsGroup

MAY 4, 2020

BOSTON (May 5, 2020) ToolsGroup, a global leader in supply chain planning software, today announced a new online COVID-19 Supply Chain Action Center and resources to help companies quickly respond to Coronavirus risks and speed supply chain recovery. It gives you great visibility of the whole inventory.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

ToolsGroup

JANUARY 7, 2020

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

ToolsGroup

JUNE 11, 2020

ToolsGroup extends congratulations to SKF, which edged out tough competition from other finalists Shell Lubricants and Siemens to win the 2020 Gartner Supply Chainnovator Award in the Industrial category. How much inventory do we hold of that item in all our locations? 2 How did SKF achieve Gartner Supply Chainnovator status?

Gartner 248

Gartner Supply Chain Planning Software Supply Chain Software Optimization Software 248

ToolsGroup

SEPTEMBER 25, 2019

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. About ToolsGroup. BOSTON, Mass. and HOUSTON, Tex. About Spinnaker.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

ToolsGroup

MAY 17, 2016

Industry analysts have pointed out an obvious fit with inventory optimization. If retailers optimize their inventory—dynamically aligning their supply chains to changing customer preferences and behavior—they can position inventory to satisfy demand at the lowest possible cost. Here’s why.

Optimization Software 180

Optimization Software Omnichannel Inventory Reduction Supply Chain Optimization 180

Enterra Insights

APRIL 13, 2023

Analysts from the ToolsGroup note that reliance on data-driven decision-making has ushered in “a remarkable shift in the world of retail from a product-centric to customer-centric model.”[5] ToolsGroup analysts suggest retailers adopt lean retail principles, which affect all aspects of the supply chain.

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

ToolsGroup

OCTOBER 31, 2017

“Your inventory problem is scary because you’re selling out before you can make new items to meet demand”. Many retailers agree that inventory can be scary. Jill , Nike and H&M who missed sales projections, upset customers with out-of-stocks, and had to clear excess inventory through deep discounting. They are not alone.

Inventory Reduction 195

Inventory Reduction Inventory Forecasting Expense Reduction 195

ToolsGroup

JANUARY 22, 2020

In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. They want to have an aging report for inventory or a report on vendor performance. Let’s examine the first: inventory aging reports.

Optimization Software 199

Optimization Software Inventory Reduction Forecasting Software Supply Chain Planning Software 199

ToolsGroup

OCTOBER 12, 2021

Brands like American Eagle Outfitters focused on inventory optimization and flexibility, supply chain transformation, lower SKU counts and fewer shipments per order for improved supply chain performance. So we thought it would be good to examine some key capabilities in fashion supply chain planning and the technologies that support them.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Optimal Sourcing 156

ToolsGroup

MARCH 17, 2020

Examples of this include expediting with LTL and air freight and costly in-network transfers from warehouse to warehouse–all of which erode profit margins. Usually disruptive events require redefinition and reconfiguring of the supply chain network in order to identify correct allocation of flows and inventory.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

ToolsGroup

MARCH 3, 2021

line, family, model, item, item/warehouse). Nicola Buttolo is an expert in integrated business planning with a deep competency in demand, inventory and supply processes in omnichannel environments. This technique can be leveraged by new product forecasting with machine learning. 1) [link]. (2) 2) [link].

Supply and Demand 296

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 296

Supply Chain Shaman

OCTOBER 12, 2017

I would encourage the reader to study both: The Good the Bad and the Ugly of DDMRP from Stefan de Kok from ToolsGroup. He is a great thinker on inventory planning and demand management.I We discussed the use of machine learning with drones for continuous cycle counting in the warehouse. Love the approach.

Supply Chain Planning Software 286

Supply Chain Planning Software Forecasting Software Demand Planning Software Supply Chain Software 286

Logistics Viewpoints

APRIL 7, 2021

Additionally, most retailers do not have the warehouse space to stock these items, especially if it is not a fast-moving SKU. This is where TireHub uses ToolsGroup. ToolsGroup is a global supply chain planning software company. ToolsGroup help companies maintain or improve target service levels while minimizing inventory.

Supply Chain Planning Software 144

Supply Chain Planning Software Forecasting Software ToolsGroup Optimal Sourcing 144

ToolsGroup

JUNE 14, 2022

Lower inventory = better cash flow, freed-up working capital. StoreBound turned to ToolsGroup. Just a few months after go-live, the company is already seeing benefits across customer service, logistics, and warehousing. Some vendors have long had probabilistic approaches (ToolsGroup!); Winning in retail. Is S&OP Dead?

Gartner 156

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 156

ToolsGroup

SEPTEMBER 21, 2021

Sarah Voorhees has spent the last 12 years of her career in supply chain leadership roles, where she’s reimagined demand and supply planning and inventory management practices at consumer goods and distribution companies. It began with optimizing the use of ToolsGroup supply chain planning software to improve RAJA’s customer service levels.

ToolsGroup 24

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 24

ToolsGroup

JUNE 21, 2016

Inventory planning is especially important to small-to-midsize businesses (SMBs). Nobody wants to tie up more working capital than necessary in inventory, but SMBs typically have leaner resources, and a higher cost of capital means it’s more expensive to fund excess stock. Yet for many SMBs, inventory complexity is getting worse.

Supply Chain Planning Software 189

Supply Chain Planning Software Inventory Reduction Supply Chain Planning Inventory 189

ToolsGroup

APRIL 11, 2018

At last week’s TG18 ToolsGroup user event , global bearing manufacturer SKF laid out an impressive review of their transformation to “ Integrated Planning ”. Planners focused on their local operations or warehouses and servicing customers in their territory. Inventory planning was local. Inventories themselves were often local.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 222

ToolsGroup

NOVEMBER 3, 2015

But we have also seen companies misinterpret the lean message when it comes to inventory. It's good to trim bloated inventory and free up working capital. But with today’s volatile demand (especially in omni-channel environments), a delivery model that doesn’t have an inventory buffer can turn out to be “just not in time.”.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Inventory Reduction Lean Inventory 120

ToolsGroup

OCTOBER 3, 2022

Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” Leaked internal research reveals Amazon is at risk to run out of workers for its US warehouses by 2024.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

ToolsGroup

JANUARY 22, 2019

Algorithms could analyze data patterns from smart connected devices, such as those on shop floors, in warehouses and with customers and distributors, and send a correlation, corrected plan or new plan back to help with respond capabilities or automatic replenishment. Source: ToolsGroup. A Unified Data Model or "Digital Twin".

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chain Planning 209

ToolsGroup

MAY 30, 2018

At ToolsGroup, our experience so far has been mostly in using the digital twin concept to precisely predict the impact of sales promotions on demand and inventory trade-offs on customer service levels. Twenty-two warehouses have achieved full “autopilot” for two of SKF's factories. Click below to see the full SKF case study:

Modeling 168

Modeling Modeling Software Supply Chain Planning Software Optimization Modeling 168

ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. Check out the video below. Or listen and follow on Spotify. Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

ToolsGroup

DECEMBER 16, 2021

By understanding inventory needs from a financial perspective, including revenue and margin, retailers gain insight into their open-to-buy process and, as part of their merchandise financial planning, ensure the organization will not overspend merchandising budgets. Improve Inventory Flexibility. What is an open-to-buy ?

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

ToolsGroup

MAY 10, 2016

There is a reoccurring conversation in the parts industry that suggests that demand and distribution in this space is so complex that companies need to settle for less – lower customer service levels, fewer inventory turns, more obsolete or stranded inventory, and ultimately less contribution to corporate profitability.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 120

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

FEBRUARY 19, 2020

Extending supply chain visibility by looking for patterns in point-of-sale (PoS), promotion, social media, NPI, weather, IoT, internet search and economic data to make near-term improvements to your forecast and inventory placement. Make better use of existing inventory in the short-term.

Supply and Demand 218

Supply and Demand Modeling Demand Planning Software Optimal Sourcing 218

ToolsGroup

OCTOBER 14, 2020

Inventory (and therefore customer service level attainment) has faced unprecedented stress this year. This requires companies to make faster proactive decisions across all of their SKUs and locations in order to make the best use of available inventory given the new constraints of supplier performance and demand variability.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 296

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

ToolsGroup

SEPTEMBER 15, 2020

Global supply chains are fundamentally rearranging and there’s a lot of reflection on how the urge to optimize efficiency (whether it was offshoring manufacturing to keep labor costs down, or making supply chains very lean to cut inventory costs) made supply chains more fragile. Robots can’t get sick. .

ToolsGroup 234

ToolsGroup Supply Chain Planning Software Supply Chain Software Modeling 234

ToolsGroup

DECEMBER 16, 2021

Finding ways to limit the handling of merchandise, including using cross-dock techniques in warehouses and “door-to-floor” methods in stores, where the merchandise gets where it is needed without ever sitting in storage. Inventory is retailers’ greatest asset AND liability. Retailers are losing $1.75

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

ToolsGroup

APRIL 4, 2023

By land, by air, by sea – transit organizations know the competition is fierce for retaining customer loyalty, requiring inventory management strategies that balance consumer needs with sustainability initiatives and business goals. Many airlines have their own warehouses that feed “stations,” or stocking hubs, at the airports themselves.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

ToolsGroup

AUGUST 8, 2017

It includes 3 rd -party syndicated data, direct store-level point of sale [POS] data, store-level inventory data, and retailer or distributor warehouse withdrawal data.”. She says that downstream data “makes a substantial difference in retail execution, inventory management, and improving on-shelf availability.”

Supply and Demand 174

Supply and Demand Data Forecasting Supply Chain Planning 174