ToolsGroup

APRIL 1, 2022

28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Consultancy UK).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ToolsGroup

JUNE 17, 2024

This includes enhancing supply chain transparency using technologies like AI to track and verify sustainability metrics. Stakeholders increasingly demand visibility from sourcing to disposal, prompting companies to explore actionable steps such as optimizing logistics for reduced carbon footprint and adopting circular economy practices.

Gartner 156

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

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? And because machine learning systems get smarter over time, having a consistent method of measurement is even more important to ensure you can accurately track how outcomes and ROI are improving against established metrics.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

ToolsGroup

SEPTEMBER 22, 2020

Examples are: customer experience metrics, feedback on new product features and pricing, customer satisfaction and loyalty, and competitive intelligence. At ToolsGroup we’re strong believers in demand sensing as another way to keep your finger on the pulse of consumer demand. Other sources: 1 [link]. November 2019. 2 [link].

Supply and Demand 156

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

ToolsGroup

JULY 11, 2017

To achieve Stage 5, S&OP must be “a fully integrated business planning forum… (where) metrics are value-based and aligned across the network and enterprise to support the required trade-offs.”. Gartner’s research is echoed by Lora Cecere of Supply Chain Insights. Finance and supply chain spoke the same language—the language of success.

S&OP 92

S&OP Supply and Demand Inventory Reduction Price Reduction 92

ToolsGroup

AUGUST 29, 2017

Here are the five stages: In Stage 1 the goal is to use data to measure a single metric within a particular function , focused on after-the-fact performance. Data comes from both internal sources and external trading partners to focus analytics at a network level. Data comes from public and unstructured sources and the IoT.

Modeling 189

Modeling Prescriptive Analytics Software Analytics Software Modeling Software 189

ToolsGroup

APRIL 27, 2022

Image source: APA. For example, as of March 2022, 81% of Americans say the supply chain is a significant source of stress. Image source. Image source: APA. The following experts share eight sources of stress at work. And plenty of us are feeling that stress at work. In…and out…there you go!)

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

ToolsGroup

JANUARY 9, 2018

With a single version of the truth, planners can model scenarios for S&OP meetings, so stakeholders from sourcing, manufacturing, logistics, sales, and finance can assess the options and trade-offs. A single, unified data model depicts the immediate financial impact of plan changes.

Modeling 179

Modeling Scenario Planning Optimization Modeling S&OP 179

ToolsGroup

OCTOBER 11, 2017

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. They add that best practice can also include accountability for stakeholder inputs, recognizing sources of error, and measuring performance.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Supply Chain Shaman

MARCH 8, 2016

While ToolsGroup and SAP (with the acquisition of SmartOps) are the nearest competitors, Terra prided itself on delivering better decisions through better math. There is greater dependency on third parties for manufacturing and sourcing. Likewise, the Terra Technology team will need to learn sourcing.

Supply Chain Planning Software 150

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

ToolsGroup

JULY 10, 2018

It often employs statistical metrics like MAPE (mean average percentage error), which has hit a wall in recent years due to increased demand volatility and this approach's mostly backward-facing nature. Data sources for the forecast can include planned sales orders, customer contracts and intercompany standing orders.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

Enterra Insights

MARCH 8, 2018

Jeff Bodenstab, ToolsGroup Vice President of Marketing USA, reports, “Gartner has created a … five-stage maturity model for assessing the overall maturity level of your organization in using supply chain analytics.”[2] Data comes from both internal sources and external trading partners to focus analytics at a network level.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Gartner 100

ToolsGroup

MAY 24, 2016

Most companies segment their supply chain by breaking it down according to operational and logistical metrics. Editor's Note: There will be no blog post next week. That’s necessary for continuous improvement and operational excellence. But there is another way to segment supply chains that begins with the customer.

Supply Chain Segmentation 159

Supply Chain Segmentation Optimal Sourcing Gartner Supply Chain Optimization 159

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.” Test new solutions against the traditional demand sensing providers of E2open (Terra Technology), SAP and ToolsGroup. ” I am in the middle. Here I share my world view. Everyone has a bias.

Supply and Demand 199

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 199

ToolsGroup

JANUARY 4, 2018

Technology maturity strongly impacts overall supply chain maturity - Gartner looks at five elements to determine overall supply chain maturity including: business outcome focus, use of metrics, business process focus, decision-making process and use of technology.

Gartner 168

Gartner Supply Chain Planning Software Supply Chain Software Study 168

ToolsGroup

JULY 10, 2018

It often employs statistical metrics like MAPE (mean average percentage error), which has hit a wall in recent years due to increased demand volatility and this approach's mostly backward-facing nature. Data sources for the forecast can include planned sales orders, customer contracts and intercompany standing orders.

Supply and Demand 120

Supply and Demand Demand Planning Software Forecasting Forecasting Software 120

ToolsGroup

MAY 3, 2016

If you (or your boss) are measured by your company's Return on Invested Capital (ROIC) or a similar metric, then you want to turn assets into cash. Whether the message comes down from the Chief Financial Officer (CFO) or even private equity investors, either way it's pretty much the same thing: free up cash from the business.

Optimal Sourcing 120

Optimal Sourcing Modeling Inventory Reduction Optimization Software 120

ToolsGroup

MARCH 5, 2019

And while each market can be unique, we found a few repeating themes in our own experience and from sources including Gartner and our customers Procter and Gamble (P&G) and Cipla Medpro. Supply chain planning in emerging markets is different. Here’s what we found: 1.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 159

Supply Chain Shaman

JUNE 6, 2015

Today, 32% of companies have source, make and deliver reporting to the same organization, and the gaps in alignment between operations and commercial teams are large. Lastly, I would implement a demand sensing technology–either ToolsGroup or Terra Technology - to replace rules-based consumption of the forecast to improve replenishment.

Supply Chain Planning Software 150

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

ToolsGroup

MAY 27, 2025

A data unification platform consolidates live data from ERPs, WMS, and other systems into one trusted source of truth, ensuring everyone is on the same page. Establish KPIs : Define clear metrics to measure inventory performance. With this, you can: Quickly spot and resolve inventory issues such as stockouts or excess stock.

Manufacturing Procurement 156

Manufacturing Procurement Optimal Sourcing Inventory Reduction Inventory 156

ToolsGroup

MARCH 9, 2021

If you look at all of the operational metrics here, the global PMI data, production and manufacturing activity, which includes supply chain activity, what we’ve seen—and what, you know, anybody can see—there’s been a classic V response on the manufacturing side. So that’s kind of the overall theme that we’ve seen.

Predictive Analytics Software 156

Predictive Analytics Software Supply Chain Planning Software Predictive Analytics Supply Chain Design Software 156