ToolsGroup

DECEMBER 16, 2021

To remain competitive, retailers who invest in open-to-buy planning software are able to keep an eye on their financial health and grow a successful business, while aligning inventory optimization with revenue goals. 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

DECEMBER 16, 2021

Whereas retailers once purchased merchandise largely based on the gut instinct of trend-savvy buyers and the push of whatever manufacturers tried to sell them, nowadays, they need to take a much more customer-focused and data-centered approach. You sell a full pallet of the item every week in most of your stores.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning 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

JULY 19, 2023

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. Digital Twin Applications For instance, say you’re a manufacturer or distributor. Are you a manufacturer wondering how best to leverage real-time data to elevate your business performance?

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

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. Excess inventory is the stock remaining on shelves or in warehouses after customer demand for an item has been filled. Source: Insider. Let’s talk about: What Excess Inventory Is.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

ToolsGroup

OCTOBER 25, 2022

Say you’re a manufacturer , refining your production and capacity planning. For instance, there may be a slow-moving bolt that will really come in handy when snow plows hit the roads, but you don’t want a warehouseful of those bolts during the summer. If you’re a manufacturer , have you produced enough? Increased Business Costs.

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. ” Asena Yosun Denizeri, Senior Director of Retail Solutions at Solvoyo, appears to agree with Bodenstab. ”[1].

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Gartner Scenario Planning 100

ToolsGroup

OCTOBER 20, 2015

Source: Supply Chain Digest. As a leading manufacturer of heating, ventilation and air conditioning (HVAC) systems, Lennox Residential’s business strategy depends on exceptional parts availability and customer service. Source: Lennox. What does it take to create an award-winning supply chain? Attention Getting Results.

Supply Chain Planning Software 120

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