ToolsGroup

MARCH 3, 2022

Science Direct ) Predictive demand analytics gives retailers the visibility they need to proactively adjust planning, allocation and replenishment decisions based on when, where, and how much changes in the weather will influence purchasing. How to Use Weather Analytics in Retail Forecasting. Download your free report ?

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

ToolsGroup

SEPTEMBER 22, 2020

Supply chain practitioners know trends like product line proliferation, shorter product life cycles, increased complexity, massive amounts of data and ever more demanding and unpredictable customers are accelerating. When social media product promotions overwhelm supply chains. retail stores.

Supply and Demand 156

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

ToolsGroup

JANUARY 25, 2022

Resilience and Adaptation to Outsmart Supply Chain Challenges. 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. Upstream supply visibility is crucial. Target will provide alternatives.

Waste Reduction 294

Waste Reduction Vendor Strategies Price Reduction Inventory Reduction 294

ToolsGroup

MARCH 3, 2021

When you’re perusing luxury handbags online, or testing which cocktail dress suits you the best, you probably don’t pause to consider all the supply chain complexities and analytics required to ensure the fashion items you’re craving are in-stock. shorter product life cycles, and often protracted supply lead times.

Supply and Demand 296

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 296

ToolsGroup

JULY 21, 2020

A joint initiative focused on guaranteeing the availability of testing swabs through machine learning-powered demand modeling and forecasting. COPAN will implement ToolsGroup’s machine learning-augmented supply chain planning software to guarantee the availability of critical products like specimen collection devices.

ToolsGroup 31

ToolsGroup Supply Chain Planning Software Supply Chain Software Modeling 31

ToolsGroup

APRIL 3, 2023

Sahil Gupta , Chief Product Officer at ToolsGroup, shares the most important insights and takeaways from this year’s ShopTalk conference. After four days of retail insights focused on the trends, business models, and technologies that are shaping the future of retail, ShopTalk 2023 has closed a successful and illuminating conference.

Inventory Reduction 156

Inventory Reduction Price Reduction Supply Chain Planning Software Forecasting Software 156

ToolsGroup

JUNE 2, 2021

Selecting the right supply chain planning technology isn’t simply about solving a current challenge. The implications are much broader–if you implement the wrong software, you hinder your organization’s overall supply chain strategy and business objectives. Key Steps to Select Supply Chain Planning Software.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling Software 156

Enterra Insights

DECEMBER 4, 2019

It’s still important, but Lauren Thomas ( @laurenthomas ) reports, “Coresight Research … says the holiday season is becoming ‘less important’ for retailers, with more shopping taking place online throughout the year. Traditionally the holiday shopping season has been a make-or-break time for retailers.

Procurement Solutions 100

Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 100

ToolsGroup

DECEMBER 20, 2021

Global Trade Authority Rob Garrison, CEO and Co-Founder of Mercado Labs, shares insights from over 30 years of supply chain experience working with a variety of Fortune 500 companies. Here, he explains what caused current global supply chain disruptions, and shares the five steps needed to overcome today’s supply chain issues.

Supply Chain Disruption 194

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

ToolsGroup

SEPTEMBER 20, 2022

AI technology is continually revolutionizing how equipment and humans operate on the manufacturing shop floor as well as improving the behind-the-scenes supply chain planning operations. One study found that 51% of consumers prioritize product quality over price when making purchases. How Does AI Work?

Manufacturing Procurement 156

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

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 83% of consumers with a household income of over $100,000 report that returns are important.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

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. The impact of lean retail on supply chain management.

Agile and Lean Supply Chain 156

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

Supply Chain Shaman

NOVEMBER 3, 2015

As an analyst in the battered supply chain software market for a decade, it is fun to watch you grow. For those who are new to reading the Supply Chain Shaman blog, let me begin my analysis with a disclaimer. Here are five recent relevant posts that can add clarity: Wanted: Supply Chain Architects.

Supply Chain Design Software 0

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

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 The risks surrounding the retail labor shortage aren’t new.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

ToolsGroup

SEPTEMBER 13, 2016

In our last blog , we discussed how Amazon’s low-cost service times, and the pressure that places on supply chains. Today’s blog analyzes how to compete in this multichannel environment that requires serving the customer in ways that remove the barriers that make consumers think twice about making the purchase.

Supply Chain Software 120

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Modeling 120

ToolsGroup

MAY 17, 2022

Covid-19 had its fair share of global supply chain victims , and chlorine is no exception. Image source: Cape Analytics. Reports from Costco shoppers indicate that the same brand of chlorine tablets were $129.99 Apparently, customers purchased the same product for just $70 back in 2020. between 2021 and 2026.The

Purchasing Skills 367

Purchasing Skills Louisiana Manufacturing Procurement Las Vegas 367

Supply Chain Shaman

JULY 1, 2014

The curtain is rising on the third act of supply chain planning. Over the course of the last two decades, we have seen two evolutions of Supply Chain Planning (SCP) software. My goal is to enable you to be more equipped to purchase and select new forms of software for the third act. My Predictions.

Supply Chain Design Software 322

Supply Chain Design Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 322

ToolsGroup

DECEMBER 4, 2018

Direct-to-Consumer (DTC) presents special supply chain planning challenges for both smaller microbrands (e.g., Microbrand Dollar Shave Club reached a $1 billion valuation w hen it was purchased by Unilever in 2016. Direct-to-Consumer represents a small slice of the consumer goods pie, but it is growing rapidly.

Supply Chain Planning Software 159

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

Supply Chain Shaman

APRIL 17, 2013

Or will companies stumble on the path by mistakenly implementing supply-centric processes and calling them demand-driven initiatives? As a writer of research on demand-driven supply chains for over eight years, I find many amusing. The market shift is towards analytics, but this new market is confusing. Details matter.

Supply Chain Design Software 257

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

ToolsGroup

FEBRUARY 7, 2022

From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop. Love it or hate it, daily necessities need to be purchased. eCommerce Purchases and “The New Normal” Retail Categories.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

ToolsGroup

MARCH 5, 2019

Supply chain planning in emerging markets is different. Gartner analyst Debashis Tarafdar says that the large size of a country (like India, China or Indonesia) can mean “significant polarization of population between urban and rural with distinctly different buying capabilities and purchasing preferences. Transfer taxes.

Supply Chain Planning Software 159

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

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. Combined with continued supply chain challenges, these trends accelerated POOLCORP’s desire to create a more robust and resilient supply network.

ToolsGroup 156

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

ToolsGroup

MAY 11, 2020

However, like many smaller distributors, Nordco suffered from two common supply chain dilemmas. The company’s system and processes involved a cumbersome, time-consuming process which required a planner to compile a purchase order manually. SO99+ also streamlined Nordco’s purchasing process and reduced costs.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Supply Chain Planning Procurement Solutions 156

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. It is a story of supply chain innovation. The products of Terra Technology are unique, but poorly understood by the mainstream supply chain team.

Supply Chain Planning Software 150

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

ToolsGroup

DECEMBER 16, 2021

After all, why pay full price when you can purchase the exact same item for less? Promotions influence both in-store and online purchases. Promotions triggered in-store purchases for 91 percent of shoppers who use in-store promotions.” – Retailmenot, Inc. The Top 20 Retail Promotion Statistics.

Retail 194

Retail Purchasing Skills Procurement Solutions Procurement Analytics 194

ToolsGroup

SEPTEMBER 15, 2015

Most supply chain organizations recognize that their ERP solution does not deliver the functionality that they need to effectively model and plan their supply chain. What this approach did not do is validate the ability of the vendor’s solution to model the buyer’s supply chain and deliver value.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Scenario Planning 120

ToolsGroup

DECEMBER 7, 2017

For starters, a recent Food Marketing Institute report says that 20% of global grocery sales will be online by 2025, with American consumers alone spending upwards of $100 billion USD. We’d argue that a great place to start providing a good shopping experience is to anticipate your customers’ purchases by understanding their preferences.

Waste Reduction 159

Waste Reduction Inventory Reduction Price Reduction Supply Chain Planning Software 159

ToolsGroup

JUNE 27, 2022

In this article, we’ll break down what vertical integration is, its benefits and disadvantages, its application in supply chain, and the factors to consider when deciding whether it’s the correct strategy for your company. Vertical Integration in Supply Chain: To Integrate or Not To Integrate? Some people can’t.

Price Reduction 156

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

ToolsGroup

APRIL 1, 2022

Will the supply chain ever catch a break? With every link of the supply chain impacting businesses both large and small, keeping up with the globally disrupted supply chain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged Supply Chain.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ToolsGroup

APRIL 5, 2016

A few months ago we wrote about how the traditional approach to buying supply chain planning (SCP) systems is often flawed. Now a story in Canadian Business Magazine describes how supply chains can go seriously wrong and with serious consequences. The story line is essentially this.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Software Forecasting Software Predictive Analytics Software 120

Supply Chain Shaman

OCTOBER 8, 2017

I know of few areas in supply chains discussion that raise as much dialogue or ire. ” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” Most supply chain leaders can easily conceive supply flows, but not those of demand.

Supply and Demand 158

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 158

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

Supply Chain Shaman

SEPTEMBER 13, 2016

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). What does it take?

Supply Chain Planning Software 195

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

Enterra Insights

NOVEMBER 19, 2019

In 2017, Gartner introduced a Supply Chain Planning Maturity Model with five planning stages. In the lowest stage (Stage 1), supply chain planning is inside-out, fragmented, local, unconstrained, and focused on revenue. ”[1]. The goals of a good planning process. 2] They are: 1. ” 2. .

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Gartner Scenario Planning 100

Supply Chain Shaman

SEPTEMBER 24, 2018

. <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. Let’s face a hard fact: the supply chain planning market is a mess. Most have purchased software, but are dependent on Excel spreadsheets.

Supply Chain Planning Software 231

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

ToolsGroup

FEBRUARY 9, 2022

While some orders still delight, a few recent purchases have left me faltering when it comes to your customer experience. Breaking it down, the three sources of the price increase appear to be 1) labor costs, 2) transportation (shipping) fees, and 3) member benefits – aka, content. Once upon a time, you brought me so much joy.

Purchasing Skills 296

Purchasing Skills Price Reduction Retail Supply Chain Planning Software 296

ToolsGroup

NOVEMBER 4, 2022

It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Employees reported that the number of pallets on the floor had rendered storage spaces unnavigable. Shipment Delays and Supply Chain Disruptions. Those supply shortages lead to stockouts.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156