Enterra Insights

APRIL 13, 2023

Although the economy has proved remarkably resilient, there are so many unknowns at play that no one can predict what future economic conditions might be. Having said that, few if any economists are predicting a bright, short-term future. Customers are in control, and retailers who fail to accurately predict demand are doomed to fail.”

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

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

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

FEBRUARY 18, 2022

Get your free report – actual dollar numbers included – on Driving Retailer ROI and find out how much value companies are uncovering thanks to retail planning tools. If you can’t find individual chicken cuts, try purchasing a whole chicken instead (many are already doing this in Australia). When Will the Chicken Shortage End?

Purchasing Skills 386

Purchasing Skills Price Reduction Supply Chain Planning Software Inventory Reduction 386

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. About ToolsGroup.

ToolsGroup 31

ToolsGroup Supply Chain Planning Software Supply Chain Software Modeling 31

ToolsGroup

JANUARY 25, 2022

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. A session highlighting women in the retail workforce cited that around 85% of retail purchases are made by women, but men are still the clear majority of NRF attendees.

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. 1) [link]. (2)

Supply and Demand 296

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 296

ToolsGroup

SEPTEMBER 22, 2020

Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. Examples are: customer experience metrics, feedback on new product features and pricing, customer satisfaction and loyalty, and competitive intelligence.

Supply and Demand 156

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

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

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

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. Following the outbreak of Covid-19, 93% of senior supply-chain executives reported their intent to make their supply chains more flexible, agile, and resilient. Chain Store Age ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

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. How lean retail impacts business goals and revenue targets.

Agile and Lean Supply Chain 156

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

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

AUGUST 12, 2022

With Google reporting that omnichannel shoppers have a lifetime value that is 30% higher than those who only shop via one channel, getting your omnichannel strategy right is critical to creating a customer experience that drives profitability. . Buy online and return in-store (BORIS). Researching products in-store then buying online.

Omnichannel 156

Omnichannel Optimal Sourcing Supply Chain Planning Software Inventory Reduction 156

ToolsGroup

JULY 10, 2018

Computing power and storage capacity have grown exponentially, while the cost of both have plummeted. More and better data has turned demand analytics into mainstream reality. Teams using advanced analytics technology usually reduce the need for demand shaping as a corrective measure. Let’s take a few minutes to decode it.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

ToolsGroup

NOVEMBER 23, 2021

The following strategies, based on data, analytics, and collaboration, are helping planners around the globe overcome a disrupted supply chain. Use analytics to put your available inventory to the best use. Chances are you do have some inventory–make sure it’s being put to the best use with automation and data analytics.

Supply Chain Planning Software 291

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

ToolsGroup

JANUARY 8, 2019

So he says, “Improving demand accuracy is now intrinsically linked to the use of analytics to recreate the environment in which historical demand occurred.” In short, any capturable element that influences how customers purchase, whether in B2B or B2C environments. At ToolsGroup we call this “ demand modeling ”.

Supply and Demand 149

Supply and Demand Modeling Demand Planning Software Forecasting 149

Supply Chain Shaman

JULY 1, 2014

And SRM functionality, while automating indirect procurement, did not address the larger needs to automate direct material purchasing for a manufacturer.) My goal is to enable you to be more equipped to purchase and select new forms of software for the third act. Tips for the Road: A) Cloud.

Supply Chain Design Software 315

Supply Chain Design Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 315

Supply Chain Shaman

APRIL 17, 2013

The market shift is towards analytics, but this new market is confusing. They are step change requiring either the redeployment of existing technologies or the purchase of new platforms. Data model structures are the difference between success and failure. These technologies include the work by Terra Technology and ToolsGroup.

Supply Chain Design Software 257

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

Supply Chain Shaman

SEPTEMBER 13, 2016

These architectures are evolving and will be deeply rooted in the evolution of prescriptive and cognitive analytics. Enterra Solutions announced a partnership with Cap Gemini and ToolsGroup announced the release of a software solution for the self-correcting supply chain with a focus on cleaning data and detecting anomalies.)

Supply Chain Planning Software 195

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

Supply Chain Shaman

SEPTEMBER 24, 2018

They center on how to make a good decision in the purchase of supply chain planning solutions. Most have purchased software, but are dependent on Excel spreadsheets. Sadly, only 7% of companies test before purchase. ” There is a belief that the purchase from an ERP solution provider improves integration.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 228

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025. eCommerce Purchases and “The New Normal” Retail Categories. Data source: eMarketer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

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

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

JULY 10, 2018

Computing power and storage capacity have grown exponentially, while the cost of both have plummeted. More and better data has turned demand analytics into mainstream reality. Teams using advanced analytics technology usually reduce the need for demand shaping as a corrective measure. Let’s take a few minutes to decode it.

Supply and Demand 120

Supply and Demand Demand Planning Software Forecasting Forecasting Software 120

ToolsGroup

MAY 11, 2020

The company’s system and processes involved a cumbersome, time-consuming process which required a planner to compile a purchase order manually. Also, the system did not track carrying costs, which would have helped planners evaluate purchases. 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

ToolsGroup

MAY 17, 2022

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. For those with the luxury, that meant diving right into a chlorine-filled pool. between 2021 and 2026.The The result?

Purchasing Skills 367

Purchasing Skills Louisiana Manufacturing Procurement Las Vegas 367

ToolsGroup

DECEMBER 11, 2023

Since the start of the Covid-19 pandemic, 79% of consumers have indicated that they are looking for more bargains than before, and 46% say they are willing to wait to purchase at a better price “no matter how long it takes”. This is especially true in a challenging economy. Markdowns have almost single-handedly ruined [the fashion] industry.

Price Reduction 156

Price Reduction Pricing Training Modeling Inventory Reduction 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. They have brought parts of the planning process into the cloud, added algorithms and machine learning capabilities, or simplified reporting procedures.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Gartner Scenario Planning 100

ToolsGroup

MAY 24, 2017

In a report entitled Market Guide for Retail Forecasting and Replenishment Solutions , Gartner analyst Mike Griswold spotlights seven recent trends in this area. Most retailers are facing a shrinking operating “margin for error”. If needed, they look to balance inventory between stores and DCs via high-frequency inter-depot transfers.

Forecasting 202

Forecasting Forecasting Software Demand Planning Software Modeling 202

ToolsGroup

SEPTEMBER 13, 2016

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. And Gartner reports that more than half of supply chain executives say they are increasing their investment in analytics and smarter algorithms.

Supply Chain Software 120

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Modeling 120

ToolsGroup

MAY 18, 2022

The shutdown resulted from a federal investigation following four cases of infant bacterial infections in babies who consumed formula from the plant, with the FDA reporting two deaths. The CDC typically receives reports of 2-4 infant infections per year. Costco limited purchases to five per member while supplies last.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Planning Software Pricing Training Purchasing Skills 156

ToolsGroup

MARCH 1, 2018

The traditional merchandise planning model consists of deciding what to carry and then calculating what will sell. But omnichannel retail is causing retailers to revisit practices like this and explore a new approach that flips the sequence, using analytics to first determine what is likelier to sell, then deciding what to carry.

Inventory Reduction 189

Inventory Reduction Retail Inventory Supply Chain Planning Software 189

ToolsGroup

NOVEMBER 4, 2022

Employees reported that the number of pallets on the floor had rendered storage spaces unnavigable. It’s possible that in the meantime, consumers have gone elsewhere to make their purchases, and demand has diminished before you could capitalize on it. Walmart found itself in a similar situation, facing an inventory increase of 32%.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 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. While ToolsGroup and SAP (with the acquisition of SmartOps) are the nearest competitors, Terra prided itself on delivering better decisions through better math. It is a new buyer.

Supply Chain Planning Software 150

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

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

Enterra Insights

JUNE 11, 2019

According to the Adelante SCM and LEGACY Supply Chain Services report, “The reality is that inventory data is spread out across multiple systems, multiple trading partners, and multiple locations. 3] Sarah Lafferty, “ Why Probabilistic Forecasting Is Better for Inventory Optimization ,” ToolsGroup Blog , 13 November 2018. [4]

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Inventory 100