ToolsGroup

MAY 4, 2020

BOSTON (May 5, 2020) ToolsGroup, a global leader in supply chain planning software, today announced a new online COVID-19 Supply Chain Action Center and resources to help companies quickly respond to Coronavirus risks and speed supply chain recovery. At ToolsGroup we’re all about being ready for anything–even the unpredictable.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

ToolsGroup

AUGUST 20, 2019

Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supply chain planning (SCP). Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. Those companies also reduced planning spend.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 136

ToolsGroup

SEPTEMBER 25, 2019

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. About ToolsGroup. BOSTON, Mass. and HOUSTON, Tex. About Spinnaker.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

ToolsGroup

SEPTEMBER 30, 2019

ToolsGroup and Spinnaker recently partnered up on a digital transformation study, and we found that only 7% of responding companies are reaping the benefits of digital transformation of supply chain planning. .” George Fowler is a Group Vice President in Spinnaker’s Supply Chain business unit, a ToolsGroup partner.

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 168

ToolsGroup

MARCH 3, 2022

Targeting favorable weather time periods and regions/markets enable companies to capture sales from receptive audiences and improve ROAS (return on advertising spend) and other key metrics.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

ToolsGroup

MAY 7, 2024

By soliciting feedback, analyzing performance metrics and adapting strategies accordingly, organizations can drive ongoing success in their supply chain operations. Continuous Improvement : Decision-centric planning is not a one-time effort but rather a continuous process of learning and improvement.

Supply Chain Planning Software 177

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 177

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.

Supply and Demand 156

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

ToolsGroup

MAY 9, 2024

Rigorous ROI Calculations: Evaluating Promotional Effectiveness To gauge the true impact of promotions, retailers must employ rigorous return on investment (ROI) calculations that extend beyond immediate sales metrics.

Resource Reduction 156

Resource Reduction Cost Reduction Strategies Retail Procurement Analytics 156

ToolsGroup

APRIL 26, 2023

This is why ToolsGroup is excited to announce significant enhancements to our JustEnough Dynamic Retail Planning & Execution solution. has fundamentally shifted the narrative on what is possible with ToolsGroup’s retail planning solution. Debuting ToolsGroup JustEnough Officially announced in January, v2023.1

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

ToolsGroup

NOVEMBER 27, 2018

According to Ben, who oversees Chainalytics’s Integrated Demand and Supply Planning practice (which includes their Demand Planning Intelligence Consortium), many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals.

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

ToolsGroup

NOVEMBER 15, 2016

According to Ben, who oversees Chainalytics’ Demand Planning Intelligence Consortium , many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals. How much can you realistically expect to improve your forecast accuracy each year?

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Increase overall equipment effectiveness (OEE).

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

ToolsGroup

DECEMBER 16, 2021

Keeping a close watch on metrics like GMROI (gross margin return on investment), WHO (weeks on hand), stock turnover rate, full-price sell-through rate, and other inventory metrics are important to maintaining overall business health. Set clear objectives and KPIs for the metrics we discussed above, and make swift moves to meet them.

Agile and Lean Supply Chain 156

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

Supply Chain Insights

JANUARY 18, 2018

This includes SCOR, APICs, Gartner Top 25 Supply Chains, Gartner Hierachy of Metrics, etc. Here are my predictions for 2018: Supply Chain Excellence as We Know It Is Redefined. Supply chain excellence definitions evolve as companies explore the Art of the Possible. New models evolve based on the Art of the Possible.

Prescriptive Analytics Software 197

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

ToolsGroup

JUNE 8, 2021

6 Focus on the wrong metric. RFIs also assume the organization is focusing on the right metrics. There may be a better way to approach forecasting, but it’s not captured in the RFI because no one has any experience with it. #6 Using forecasting as an example again, supply chain RFIs often emphasize forecast accuracy.

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

ToolsGroup

FEBRUARY 6, 2018

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. The IQR metric is a percentage of active inventory in the total stock. Without a clear goal, it feels like it is never right.”.

Inventory Reduction 159

Inventory Reduction Inventory Material Savings Gartner 159

ToolsGroup

SEPTEMBER 17, 2019

Data such as how hot or cold, the variance in precipitation, how strong the wind was, and other metrics play a part in why consumers shopped more or less on any given day and what would have happened if the causal events were at their normal metric. The answer comes with being able to identify and track each causal effect.

Supply and Demand 159

Supply and Demand Demand Planning Software Forecasting Forecasting Software 159

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). Some industry observers consider traditional open-to-buy to be a shortsighted process due to the monthly nature of the process.

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 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

JANUARY 22, 2020

These are great metrics to hold a vendor accountable and ask for some compensation, but they require that something happens and that humans must track down and enact some remedy. I get asked a lot for the ability to somehow know the impact vendors are having on service goals to customers.

Optimization Software 199

Optimization Software Inventory Reduction Forecasting Software Supply Chain Planning Software 199

Supply Chain Shaman

NOVEMBER 3, 2015

Until the architectures become more robust, and LLamasoft invests in industry experts, I expect little impact on the inventory optimization market which is largely dominated by JDA, Logility, SAP, ToolsGroup and Terra Technology. (To Selecting an inventory optimization software solution is complex.

Supply Chain Design Software 0

Supply Chain Design Software Supply Chain Planning Software Network Design Software Supply Chain Software 0

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. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.

Supply Chain Planning Software 150

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

ToolsGroup

JANUARY 9, 2018

Uniting planning and operations in one model also enables companies to reconcile customer constraints with their own high-level decisions and performance metrics. This detailed plan can then be presented to executive management for review. It looks like a single unified model covering both planning and execution is here to stay.

Modeling 179

Modeling Scenario Planning Optimization Modeling S&OP 179

Supply Chain Shaman

APRIL 17, 2013

These technologies include the work by Terra Technology and ToolsGroup. Over the last decade, the only metric that we have improved is revenue/employee (see below). Evaluate how to reduce latency by using downstream data to sense demand and implementing demand translation technologies to make the downstream data usable.

Supply Chain Design Software 257

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

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. A recent report from Gartner agrees, focusing specifically on the challenge of building a better business case for improved forecast accuracy.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

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.

S&OP 92

S&OP Supply and Demand Inventory Reduction Price Reduction 92

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 157

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 157

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

Despite all these variations another common refrain we heard is that service level and supply chain business metric performance expectations are not necessarily lower in emerging markets.

Supply Chain Planning Software 159

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

ToolsGroup

MARCH 1, 2016

Take charge of your personal skills development, and gain broader knowledge of the business, supply chain strategy, and how supply chain metrics impact strategic and tactical business objectives. Would you share with readers something about yourself? I am an avid gardener and fairly good cook.

Supply Chain Planning Software 120

Supply Chain Planning Software Predictive Analytics Software Analytics Software Supply Chain Software 120

ToolsGroup

APRIL 27, 2022

And this is something that is especially prevalent in most high-pressure corporate settings, where performance metrics are everything and survival often comes down to how well you perform and how consistently you do what is expected of you.

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

ToolsGroup

APRIL 1, 2022

Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. ToolsGroup). Crucial to creating catalytic convertors for cars, palladium has increased in price by 80% since the beginning of the conflict. Deloitte ). Wall Street Journal ). Wall Street Journal ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ToolsGroup

SEPTEMBER 17, 2019

Data such as how hot or cold, the variance in precipitation, how strong the wind was, and other metrics play a part in why consumers shopped more or less on any given day and what would have happened if the causal events were at their normal metric. The answer comes with being able to identify and track each causal effect.

Supply and Demand 24

Supply and Demand Demand Planning Software Forecasting Forecasting Software 24

ToolsGroup

MARCH 16, 2021

A symptom of these limitations are the various metrics used. It is possible to create metrics (probabilistic metrics!) Deterministic metrics can never be determined before actual values are known, and most are on an unknown scale. If you have a MAPE of 60% , is that good or bad? Honestly, that is impossible to say.

Forecasting 156

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Planning 156

ToolsGroup

JUNE 2, 2023

When reference data – such as product codes, supplier information, and warehouse locations – is misaligned across systems, it can cause discrepancies in transactional data, leading to inaccurate inventory levels and unreliable performance metrics. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

ToolsGroup

MARCH 18, 2019

In order to meet today’s service expectations for fine paper products, Mohawk’s customer service-level metric was changed from “order lines shipped complete within five days” to “order lines complete and available at time of order”.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 228