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
ToolsGroup has a long history of innovating with our customers in mind. It’s also why so many of our customers are eager to share their supply chain success – and have even won awards of their own in partnership with ToolsGroup! ToolsGroup has also been named a FeaturedCustomers 2023 Top Rated Software and Hot 100 Vendor.
In order to roll out capabilities to our customers as they became available, ToolsGroup has made the exciting decision to split SO99’s traditional yearly release schedule into quarterly releases! As such, ToolsGroup is happy to announce our second release of 2023 for our Service Optimizer 99+ Supply Chain Planning solution.
At ToolsGroup, we provide cutting-edge AI and machine learning solutions to enhance supply chain resiliency and efficiency. This tool helped Belcorp to map logistics parameters, such as supplier, production and transportation lead time, minimum order quantities and distribution requirements, while achieving desired service levels efficiently.
With the release of v8.61, ToolsGroup enhances transparency and accuracy while increasing the power of SO99’s forecasting engine with expanded capabilities that now deliver: Automated New Product Introduction (NPI) Suggestions which automatically identify anomalies within NPI forecasts and recommend scenarios to most effectively address them.
It began with optimizing the use of ToolsGroup supply chain planning software to improve RAJA’s customer service levels. She continued her transformative work by optimizing transportation management, diversifying suppliers, and allocating shipments to provide the highest customer service at the lowest cost to the company.
We hope you enjoy the blog, which represents predictions and observations from across our global ToolsGroup community. Of course trade-offs of higher manufacturing costs are balanced against reduced inventory costs, lower freight/logistics costs, lower duties and taxes, etc. Here’s to a healthy and prosperous year ahead! environments.
Back in 2019, Joseph Shamir , Founder of ToolsGroup, wrote, “If the last decade has taught us anything, it’s to expect the unexpected — from extreme weather events to endless political psychodramas to tech startups disrupting whole industries. ” Actions to Consider • Map the supply chain.
These women are doing remarkable things for their communities, organizations and teams and are paving the way for future young female leaders to be a part of an industry that’s making a difference,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive and Co-Founder of the Women in Supply Chain Forum.
This shows hope that one day, we won’t need an award like this because men and women in the supply chain will be equal,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive. At ToolsGroup, that mission is to make supply chain a force for good. This shows progress.
Topping the winners for the week was software firm Oracle, up 5.1%, followed by carrier XPO Logistics, which rose 4.1%. CDC/TradeBeam Cognizant Techn Compliance Netw Cornerstone Sol DiCentral Dow Jones E2Open EnVista Epicor Hempstead Consu IBM/ILOG IHS iSuppli Infor Infosys Inside ERP INSIGHT, Inc.
CDC/TradeBeam Cognizant Techn Compliance Netw Cornerstone Sol DiCentral Dow Jones E2Open EnVista Epicor Hempstead Consu IBM/ILOG IHS iSuppli Infor Infosys Inside ERP INSIGHT, Inc. Topping the winners for the week was software firm Oracle, up a huge 23.7%, followed by carrier Werner, which rose 2.8%.
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.
They ingest information like transportation plans or shipment delays and model the implications of unexpected events. This would increase efficiency, lowering inventory and logistics costs while still meeting customer demand. They enable planners to perform scenario planning, which is essential in the age of unified commerce.
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.
In its official earnings release , Amazon Prime’s vice president Jamil Ghani cited “the continued expansion of Prime member benefits as well as the rise in wages and transportation costs” as the reason for the price increase. Shipping and Transportation Costs. workers to over $18 an hour. You name it, there’s a subscription for it.
We now have new technology players entering the market like AIMMS, Enterra Solutions, OM Partners, Quintiq, ToolsGroup, and Terra Technology. In addition, with over 30% of manufacturing and 55% of logistics outsourced, it is now a business network, not an enterprise, planning problem. For many, it is confusing. Ability to Use Data.
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.
Increased Shipping Costs, Delays, and Transportation Issues. Material Handling & Logistics ). Material Handling & Logistics ). Increased Shipping Costs, Delays, and Transportation Issues. In December 2022, The United States Department of Transportation awarded grants totaling over $241 million to support ports. (
Read more Above the Fold: Supply Chain Logistics News (August 20, 2021). The post Above the Fold: Supply Chain Logistics News (August 20, 2021) appeared first on Talking Logistics with Adrian Gonzalez. It was nice, just focusing on the near and now, completely disconnected from what was happening beyond the fog.
By shifting manufacturing operations closer to key markets, businesses can enhance flexibility, reduce lead times, and lower transportation costs. Production processes gain from advanced optimization of scheduling, routing, and supply chain logistics.
As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. The 2021 supply chain shortage is the story of our lives today, as the enormous bullwhip effect of COVID continues.
Nevertheless, notes Lora Cecere ( @lcecere ), founder and CEO of Supply Chain Insights, over the past seven decades, supply chain planning has rested on three assumptions: Logistics is available; supply chain variability is low and controllable; and government policies are rational.[2] Logistics is available. ” Assumption 2.
Working with the Chartered Institute of LogisticsTransport, we created a 4 minute video showing the UK blood supply chain and the new system, which I think you will find interesting. If you are in the healthcare industry, it’s a unique application with distinctive healthcare features and implications for countries around the world.
Jeff Bodenstab, Marketing Vice President at ToolsGroup, asserts, “This model has withstood the test of time in depicting what highly evolved planning looks like. 1] Jeff Bodenstab, “ ‘Digital Transformation’ and Supply Chain Planning ,” ToolsGroup Blog , 15 May 2018. [2] ”[1]. Footnotes. [1]
” However, staff members at Material Handling & Logistics (MH&L) provide support for Mortson’s assertion. They report, “Only 7% of companies are reaping the benefits of digital transformation of supply chain planning, according to a new study by ToolsGroup and Spinnaker.” ” Banker is correct.
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.
More e-commerce orders mean a big increase in transportation requirements. Alex Achour, a Sales Engineer with ToolsGroup, insists various forms of AI, like machine learning, can help brands and retailers better cope with the volatility of the holiday shopping season. Leveraging artificial intelligence during the holidays. Footnotes. [1]
Technology providers included in this update include Amazon Web Services, Loop, Certa, Consolidated Chassis Management and ToolsGroup. Chicago based Loop was founded in 2021 when many businesses struggled with added logistics disruption brought about be the Covid-19 global pandemic. Morgan Growth Equity Partners and Index Ventures.
Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. From customer support and transportation to storage, processing and discounts, returns cost retailers a pretty penny.
That’s never going to compete with Amazon—not only its existing footprint, but in light of its new investments in logistics that include localized fulfillment sites, global trade services, and even sea and air cargo transport—like its May 5 announcement of plans to double its fleet of leased Boeing 767 freight jets for package deliveries.
We are faced with immense logistical difficulties that range from unpaved roads to armed bandits.”. The challenges can be multi-faceted: High logistical costs. We are faced with immense logistical difficulties that range from unpaved roads to armed bandits.” fast food or retail) are rapidly expanding. Transfer taxes.
It’s a problem of “lost in translation”—the differing lingo used by the finance side versus planning, supply, production and logistics. 3-9% reduction in transportation costs as a percentage of sales (overhead costs and profitability). The language of finance is numbers, but they’re different numbers than the ones used by supply chain.
Global supply chains boomed thanks to bountiful cheap labor, dramatically less expensive communications, and lower-cost transportation. Of course trade-offs of higher manufacturing costs are balanced against reduced inventory costs, lower freight/logistics costs, lower duties and taxes and all the other parts of “total cost to serve”.
Included in this June 14, 2022 edition are updates featuring the following providers: ToolsGroup and Onera. ToolsGroup Acquires Onera. Reportedly, ToolsGroup will add Onera ’s inventory availability and fulfillment technology to its retail planning suite. GreyOrange. Freightos Limited. Oracle and Cerner. Panasonic. .
You should be interested in applying disruptive technologies in your supply chain not only at a physical level, like in transportation and logistics, but also at a more virtual level in your supply chain planning. And you should be thinking about them now, because disruptive technologies have a first mover advantage.
We now have new technology players entering the market like AIMMS, Enterra Solutions, OM Partners, Quintiq, ToolsGroup, and Terra Technology. In addition, with over 30% of manufacturing and 55% of logistics outsourced, it is now a business network, not an enterprise, planning problem. For many, it is confusing. Ability to Use Data.
We now have new technology players entering the market like AIMMS, Enterra Solutions, OM Partners, Quintiq, ToolsGroup, and Terra Technology. In addition, with over 30% of manufacturing and 55% of logistics outsourced, it is now a business network, not an enterprise, planning problem. For many, it is confusing. Ability to Use Data.
The reading audience is global, and spans a wide variety of roles: procurement, supply chain strategy and planning, product management, logistics and transportation, customer service, and others. What is the makeup of your blog audience?
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