ToolsGroup

JANUARY 25, 2022

In his opening keynote address, Target CEO Brian Cornell said the supply chain crisis necessitates greater data transparency and analytics to win in the short term. A session highlighting women in the retail workforce cited that around 85% of retail purchases are made by women, but men are still the clear majority of NRF attendees.

Waste Reduction 294

Waste Reduction Vendor Strategies Price Reduction Inventory Reduction 294

ToolsGroup

OCTOBER 3, 2022

With reports of retail layoffs and overstaffing at companies (such as Walmart and Amazon) to cover Omicron-related staffing shortages, it would appear the shortage of workers may be abating. As per a recent report by CNBC , the labor department in the United States has 5.5 Source: Bloomberg.com. Where Are All the Retail Workers?

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

ToolsGroup

MAY 17, 2022

A combo of pandemic-related increased demand, and the tragic destruction of a key chlorine manufacturer have led to 2022’s swimming pool chlorine shortage. Image source: Cape Analytics. Image Source: Nola. Image Source: USA Today. Image source: CNBC. Image source: Meme Generator. The result?

Purchasing Skills 367

Purchasing Skills Louisiana Manufacturing Procurement Las Vegas 367

ToolsGroup

NOVEMBER 23, 2021

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 following strategies, based on data, analytics, and collaboration, are helping planners around the globe overcome a disrupted supply chain.

Supply Chain Planning Software 291

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 291

ToolsGroup

SEPTEMBER 22, 2020

Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. Examples are: customer experience metrics, feedback on new product features and pricing, customer satisfaction and loyalty, and competitive intelligence.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

Supply Chain Shaman

JULY 1, 2014

CRM and SRM functionality did not fit the needs for manufacturing-based companies (CRM was too lightweight. And SRM functionality, while automating indirect procurement, did not address the larger needs to automate direct material purchasing for a manufacturer.) 4) CRM and SRM Will Be Redefined for Manufacturers.

Supply Chain Design Software 315

Supply Chain Design Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 315

ToolsGroup

DECEMBER 16, 2021

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. How lean retail impacts business goals and revenue targets.

Agile and Lean Supply Chain 156

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

Supply Chain Shaman

APRIL 17, 2013

Source Merriam-Webster Dictionary. The market shift is towards analytics, but this new market is confusing. They are step change requiring either the redeployment of existing technologies or the purchase of new platforms. Data model structures are the difference between success and failure. Build What-if Analytics.

Supply Chain Design Software 257

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 257

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. While ToolsGroup and SAP (with the acquisition of SmartOps) are the nearest competitors, Terra prided itself on delivering better decisions through better math. The Path Forward.

Supply Chain Planning Software 150

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

ToolsGroup

DECEMBER 20, 2021

Every major publication and news outlet is reporting on the supply chain crisis. Most of the reporting has been pretty shallow, leaving all to wonder how it can be solved. . Image source: Bloomberg. Image source: American Journal of Transportation. Get the Report. Macro Supply Chain Issues Caused a Ripple Effect.

Supply Chain Disruption 194

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

ToolsGroup

JUNE 27, 2022

At the back of your supply chain, you’ve got your raw materials being procured. In the middle, you’ve got your manufacturers that take those raw materials and turn them into finished goods. Scoops is a manufacturer that makes batch ice cream and pre-packaged ice cream bars and pints. Essentially, a company buys its customer.

Price Reduction 156

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

ToolsGroup

DECEMBER 16, 2021

Retailers should consider augmenting it with other metrics, such as inventory turnover, sales to stock ratio, SKU behavior, and strategy forecast accuracy by demand point (stores and warehouses). This goes back to a very simple manufacturing principle, that work in process inventory is far from ideal.

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

ToolsGroup

NOVEMBER 17, 2021

Joint Microsoft and ToolsGroup planning solution will support POOLCORP’s goals of improved service to customers and increased profitability amid demand and supply volatility. About ToolsGroup. For more information, follow ToolsGroup on LinkedIn , Twitter , YouTube , or visit www.toolsgroup.com. . About Pool Corporation.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 156

Supply Chain Shaman

OCTOBER 8, 2017

” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” I also worked in manufacturing during the period of 1978-1992 trying to plan demand. Test new solutions against the traditional demand sensing providers of E2open (Terra Technology), SAP and ToolsGroup.

Supply and Demand 156

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 156

ToolsGroup

APRIL 1, 2022

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ToolsGroup

MAY 18, 2022

Data also shows that half of US states are experiencing out-of-stock rates between 40% and 50%: Image source: Flipboard. This made it incredibly difficult for manufacturers to accurately gauge the market size for production. Image source: Sturgis Journal. The CDC typically receives reports of 2-4 infant infections per year.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Planning Software Pricing Training Purchasing Skills 156

ToolsGroup

NOVEMBER 4, 2022

Employees reported that the number of pallets on the floor had rendered storage spaces unnavigable. Source: Insider. It’s possible that in the meantime, consumers have gone elsewhere to make their purchases, and demand has diminished before you could capitalize on it. 7 Causes of Excess Stock. So how did it come to this?

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

Supply Chain Shaman

SEPTEMBER 13, 2016

The change in front of us will transform the base-level definitions of source, make and deliver. These architectures are evolving and will be deeply rooted in the evolution of prescriptive and cognitive analytics. Charter a team and test and learn to understand the potential for cognitive and prescriptive analytics.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195

Supply Chain Shaman

MAY 5, 2017

This ended when Gartner purchased AMR Research in 2010. Since I do not believe in the Gartner business model, I left. There are three solutions in the market–E2open (acquired Terra Technology), SAP, and ToolsGroup. These companies are fighting for deals in traditionally supply-centric models. Reflections.

Supply and Demand 171

Supply and Demand Modeling Demand Planning Software Supply Chain Planning Software 171

ToolsGroup

OCTOBER 25, 2022

Say you’re a manufacturer , refining your production and capacity planning. If you’re a manufacturer , have you produced enough? For all of this, you need a solution that provides your entire organization with a single source of truth, helping teams align on inventory positioning, financial decisions , and business planning.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Enterra Insights

NOVEMBER 19, 2019

Jeff Bodenstab, Marketing Vice President at ToolsGroup, asserts, “This model has withstood the test of time in depicting what highly evolved planning looks like. They have brought parts of the planning process into the cloud, added algorithms and machine learning capabilities, or simplified reporting procedures.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Gartner Scenario Planning 100

Supply Chain Shaman

SEPTEMBER 24, 2018

They center on how to make a good decision in the purchase of supply chain planning solutions. Most have purchased software, but are dependent on Excel spreadsheets. The source of data for this blog comes from market triangulation. Sadly, only 7% of companies test before purchase. Frustration abounds. For example.

Supply Chain Planning Software 231

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 231

Supply Chain Shaman

JUNE 20, 2014

However, what is clear from our recent study of 73 manufacturers using supply chain planning is that companies using best-of-breed solutions implement faster, achieve a quicker Return-on-Investment (ROI), and are more satisfied. All of the results are reported in aggregate. The models are industry specific. Was it intentional?

Supply Chain Planning Software 301

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply and Demand 301

ToolsGroup

MARCH 1, 2018

The traditional merchandise planning model consists of deciding what to carry and then calculating what will sell. But omnichannel retail is causing retailers to revisit practices like this and explore a new approach that flips the sequence, using analytics to first determine what is likelier to sell, then deciding what to carry.

Inventory Reduction 189

Inventory Reduction Retail Inventory Supply Chain Planning Software 189

ToolsGroup

OCTOBER 20, 2015

Source: Supply Chain Digest. He said that while there is a need for bottom-up thinking focused on cost and efficiency; top-down thinking drives differentiation and growth. Source: Lennox. Instead they adopted advanced analytical techniques to accurately model and forecast complex and unpredictable demand.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Supply Chain Software 120

ToolsGroup

JUNE 11, 2019

Items with intermittent, unpredictable or “long tail” demand are a growing part of business for manufacturers, distributors, and retailers, and it’s making demand forecasting and inventory management a headache. Long-tail demand complexity has completely changed how we optimize inventory.

Optimization Software 244

Optimization Software Supply Chain Optimization Supply Chain Planning Software Network Optimization 244

Supply Chain Shaman

JUNE 6, 2015

He discussed the adoption of the steam engine and the electric motor in the manufacturing sector. Today, we take these technologies for granted, but the electric motor was the genesis of the horizontal manufacturing plant. Last night, I spoke at a conference on the use of advanced analytic techniques and the future of planning.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

Logility

JUNE 23, 2014

” These CIOs are more aligned with identifying “one throat to choke” and often they have bought into the theory that supply chain solutions from their ERP provider are robust and well integrated based on the latest technology industry analyst report. All of the results are reported in aggregate. Was it intentional?

Supply Chain Planning Software 103

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply and Demand 103

Logility

JUNE 23, 2014

” These CIOs are more aligned with identifying “one throat to choke” and often they have bought into the theory that supply chain solutions from their ERP provider are robust and well integrated based on the latest technology industry analyst report. All of the results are reported in aggregate. Was it intentional?

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply and Demand 100