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. Create a map of the supply chain network This is a view of how SKF’s items are manufactured, stored, moved, and sold around the world.

Gartner 248

Gartner Supply Chain Planning Software Supply Chain Software Optimization Software 248

ToolsGroup

SEPTEMBER 13, 2023

ToolsGroup pioneered and perfected it. Another example is Gaviota , a leading manufacturer of components, accessories, and systems for rolling shutters, awnings, and enclosures. New to probabilistic forecasting? And we’ve got tons of helpful resources and customer stories for you to explore.

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

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. In layman’s terms, COVID-19 demand changes hit manufacturers and retailers hard, and they had to drastically cut production and sales.

Supply Chain Planning Software 291

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

ToolsGroup

JANUARY 5, 2016

We have seen, however, big returns from companies adopting a supply chain planning BPO model, such as optimized working capital, reduced transport cost by 20+%, and reduced cancelled orders by 30%. Yolandé du Toit is an industrial engineer at ToolsGroup Africa focusing on supply chain strategy.

Supply Chain Planning Software 120

Supply Chain Planning Software Resource Reduction Cost Reduction Strategies Price Reduction 120

Supply Chain Insights

JANUARY 18, 2018

Manufacturers and retailers are bundling goods and services to drive solutions. The differences between retailers and manufacturers will continue to blur. Cryptocurrency is adopted for bifurcated trade (price and promotion) and transportation in emerging markets. The focus will be on outcomes. Supply chain finance is redefined.

Prescriptive Analytics Software 197

Prescriptive Analytics Software Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software 197

ToolsGroup

MARCH 24, 2021

There are many pieces of the modern manufacturing supply chain. All manufacturing echelons–raw materials suppliers, factories, distribution centers, and wholesalers–need to ensure that the right stock is in the right place at the right time to truly serve the end customer. This is no easy task.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

ToolsGroup

JANUARY 7, 2020

Reduce carbon emissions: Eliminating wasteful expediting and warehouse transfers means fewer carbon emissions from inefficient and unnecessary truck and rail transport. Efficient supply chain planning reduces wasted fuel and transportation capacity. Smart inventory planning cranks up manufacturing efficiency.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

Supply Chain Shaman

MARCH 6, 2018

Credit for this image goes to ToolsGroup. There are natural processes that require tactical horizon for procurement buying and transportation sourcing, and Sales and Operations Planning. Shifting and aligning manufacturing load across factories is critical. Linear optimization assumes a normal distribution of data.

Supply Chain Planning Software 198

Supply Chain Planning Software Prescriptive Analytics Software Supply Chain Planning Scenario Planning 198

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. Labor shortages and transportation struggles as a result of the pandemic impeded production even further, resulting in a true chlorine shortage. The cause of this tragedy?

Purchasing Skills 367

Purchasing Skills Louisiana Manufacturing Procurement Las Vegas 367

Supply Chain Shaman

JULY 24, 2014

While there are pieces of the software like transportation planning or trade promotion planning that are promising, today it is piece parts. As a result, it is hard for them to get a clear vision of what to build and how to go to market in the manufacturing space. Oracle is different. Their solution is based on acquisitions.

Supply Chain Planning Software 241

Supply Chain Planning Software Supply Chain Design Software Network Design Software Supply Chain Network Software 241

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. But manufacturers are unique. What is Manufacturing Inventory Control? What is Manufacturing Inventory Control? 4 Common Inventory Pitfalls Manufacturers Must Avoid.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

Enterra Insights

NOVEMBER 12, 2019

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.” .”[4] They note organizations are particularly slow in adopting cognitive technologies for supply chain planning. ” Banker is correct.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Supply Chain Transformation Supply Chain Software 100

Supply Chain Shaman

AUGUST 7, 2017

The decision support technologies that we use today–price management, trade promotion management, network design, supply chain planning, transportation planning, supplier risk management–are on the cusp of redefinition through new forms of analytics. Only 7% of manufacturers are experimenting with cognitive computing.

Prescriptive Analytics Software 221

Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software Modeling 221

ToolsGroup

JUNE 27, 2022

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. So Scoops acquires its supplier or its retailer but not another manufacturer. Let’s use a hypothetical company to illustrate.

Price Reduction 156

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

ToolsGroup

FEBRUARY 2, 2022

This is not just my personal observation but the consensus of leading financial experts around the world who are regularly briefed by manufacturers, logistics providers and retailers. Advanced countries with manufacturing-heavy economies will start to introduce legislation to regulate supply chain infrastructure.

Supply Chain Planning Software 177

Supply Chain Planning Software Forecasting Software Forecasting Optimization Software 177

ToolsGroup

JULY 24, 2019

Global supply chains boomed thanks to bountiful cheap labor, dramatically less expensive communications, and lower-cost transportation. Manufacturing was transformed into a global enterprise. A decade ago it was unrealistic to compete with “the China price”. What Do Shorter Supply Chains Mean to Planning? .

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Planning Scenario Planning Gartner 189

ToolsGroup

DECEMBER 20, 2021

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.

Supply Chain Disruption 194

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

ToolsGroup

DECEMBER 16, 2021

This goes back to a very simple manufacturing principle, that work in process inventory is far from ideal. By increasing open-to-buy frequency you might increase inbound transportation costs or sacrifice order quantity discounts, but in the end, having inventory flexibility will be worth it.

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

ToolsGroup

JUNE 2, 2023

Once upon a time, the world of manufacturing was a relatively stable place. So how does a manufacturer navigate this rollercoaster? This is especially prevalent in organizations that have experienced growth through mergers and acquisitions and now need to reconcile multiple ERP, WMS, shipping, and transportation systems.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

ToolsGroup

JUNE 28, 2016

Working with the Chartered Institute of Logistics Transport, 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.

Supply Chain Planning Software 206

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Modeling 206

Supply Chain Digest

JANUARY 30, 2009

Lean Manufacturing/Supply Chai. Manufacturing Technology. Transportation Management Syst. ToolsGroup. Content Being Accessed: Lean Manufacturing White Paper: Strategies To Run a Lean Supply Chain. How principles of lean manufacturing transfer benefits to Operations. Demand Planning/Forecasting. ERP Systems.

Agile and Lean Supply Chain 32

Agile and Lean Supply Chain Manufacturing Procurement Supply Chain Design Software Lean 32

Supply Chain Shaman

MARCH 8, 2016

In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. 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

APRIL 12, 2019

Global prescription lens manufacturer Shamir Optical applied probability-based forecasting to become more service-driven. Hundreds of companies have gained a wide range of benefits, from freeing up working capital to reducing obsolescence, transportation and expediting costs and markdowns. percent, etc.,

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 227

ToolsGroup

SEPTEMBER 9, 2020

This process considers the calendar of manufacturers, the timing of transportation, customs, item processing, order cycles, lot sizes, minimums, and shelf life. How do you turn a good forecast into a great inventory plan? About 15 years ago, many forecasting solutions turned to multi-echelon optimization.

Forecasting 156

Forecasting Modeling Forecasting Software Inventory Reduction 156

Supply Chain Digest

JANUARY 30, 2009

Lean Manufacturing/Supply Chai. Manufacturing Technology. Transportation Management Syst. ToolsGroup. Content Being Accessed: Lean Manufacturing White Paper: A Holistic Approach to Lean. Demand Planning/Forecasting. Distribution/Centers. ERP Systems. Global Logistics. Green Supply Chain. Labor Management Systems.

Agile and Lean Supply Chain 32

Agile and Lean Supply Chain Lean Manufacturing Procurement Optimal Sourcing 32

Supply Chain Digest

JANUARY 29, 2009

Lean Manufacturing/Supply Chai. Manufacturing Technology. Transportation Management Syst. ToolsGroup. Content Being Accessed: Lean Manufacturing White Paper: 5 Ways ERP Can Enable Lean. Demand Planning/Forecasting. Distribution/Centers. ERP Systems. Global Logistics. Green Supply Chain. Labor Management Systems.

Agile and Lean Supply Chain 32

Agile and Lean Supply Chain Lean Manufacturing Procurement Supply Chain Design Software 32

ToolsGroup

JANUARY 13, 2021

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!

Supply Chain Planning Software 272

Supply Chain Planning Software Predictive Analytics Software Supply Chain Planning Scenario Planning 272

ToolsGroup

JULY 19, 2023

They ingest information like transportation plans or shipment delays and model the implications of unexpected events. 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? Show Me More →

Real-time Visibility 295

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

ToolsGroup

SEPTEMBER 11, 2018

It makes sense for the retail industry to have its own terminology since its business challenges and processes vary from those of manufacturers. Retail planning adds activities such as merchandise planning, allocation, store labor requirements and distribution/transportation.

S&OP 189

S&OP Supply and Demand Modeling Gartner 189

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. 49% of respondents were from the manufacturing industry, 16% from the mechanical engineering sector, and 11% from the automotive market. Increased Shipping Costs, Delays, and Transportation Issues. Department of Transportation ). Consultancy UK).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ToolsGroup

OCTOBER 18, 2016

1 challenge among manufacturing companies is connecting sales and operations planning (S&OP) to operational plan/execution,” says Gartner analyst Marko Pukkila. In supply chain, as in life, what you plan for and what actually happens can be two very different things.

S&OP 120

S&OP Supply and Demand Gartner Supply Chain Planning Software 120

ToolsGroup

MAY 6, 2020

To do this, SKF first created a supply chain network map, a view of how SKF’s items are manufactured, stored, moved, and sold around the world–down to the lowest level of detail, readily available on demand. At ToolsGroup we’re all about being ready for anything–even the unpredictable.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Modeling Gartner 156

Supply Chain Digest

MAY 8, 2009

Lean Manufacturing/Supply Chai. Manufacturing Technology. Transportation Management Syst. ToolsGroup. Excellent overview on Using Lean Manufacturing Principles & Techniques. Demand Planning/Forecasting. Distribution/Centers. ERP Systems. Global Logistics. Green Supply Chain. Inventory Management/Optimizat.

Agile and Lean Supply Chain 32

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Lean 32

ToolsGroup

NOVEMBER 3, 2015

I learned about “lean manufacturing” (or simply “lean”) back in the 1990s when I met James Womack and read his book “ The Machine that Changed the World ”. So a right-sized inventory strategy couples enhanced demand planning and demand sensing with awareness of production, storage, transport, lead time and working capital constraints.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Inventory Reduction Lean Inventory 120

Supply Chain Digest

JANUARY 30, 2009

Lean Manufacturing/Supply Chai. Manufacturing Technology. Transportation Management Syst. ToolsGroup. Best practices in Lean Manufacturing and Lean Supply Chains. Demand Planning/Forecasting. Distribution/Centers. ERP Systems. Global Logistics. Green Supply Chain. Inventory Management/Optimizat. Parcel Shipping.

Agile and Lean Supply Chain 32

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 32

ToolsGroup

SEPTEMBER 26, 2017

Payne says that “for systematic, repeatable decisions, ranging from transportation to manufacturing and fulfillment, algorithms can offer more scalable and more accurate decision making. This planning response becomes continuous, concurrent, intelligent, self-learning and adapting, event-driven, real-time and automatic.

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Prescriptive Analytics Software 214

Supply Chain Digest

MAY 8, 2009

Lean Manufacturing/Supply Chai. Manufacturing Technology. Transportation Management Syst. ToolsGroup. Demand Planning/Forecasting. Distribution/Centers. ERP Systems. Global Logistics. Green Supply Chain. Inventory Management/Optimizat. Labor Management Systems. Order Management Systems. Packaging Optimization. RedPrairie.

Forecasting 32

Forecasting Optimal Sourcing Forecasting Software Supply Chain Design Software 32