ToolsGroup

FEBRUARY 28, 2023

At ToolsGroup, we spend a lot of time working and partnering with our customers to overcome their top supply chain challenges. Dynamic Multi-Sourcing In a post-COVID world, and despite suppliers’ best efforts, delays or sudden demand spikes inevitably cause supply issues.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156

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. 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.

Supply Chain Planning Software 252

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 252

ToolsGroup

JULY 19, 2023

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. There are so many teams and departments and supply chain nodes, all with their own systems and solutions. There’s only one solution that can provide this level of instant data unification.

Real-time Visibility 295

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

Supply Chain Shaman

APRIL 17, 2013

Source Merriam-Webster Dictionary. The article is written and the story is spun, but the solution offered is a supply-centric solution based on yesterday’s technology. As a result, articles are written proclaiming demand-driven results and then the reader is given a solution that is anything but demand driven.

Supply Chain Design Software 258

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 258

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. 84% of buyers read the return policy before making an online purchase. 84% of buyers read the return policy before making an online purchase. According to the U.S.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

ToolsGroup

JUNE 10, 2022

Image source: National Retail Association. Image source: Twitter. Instead, Adobe offers transparency: The company makes issues known publicly via social channels as well as email so that customers are the first to be made aware of any problems: Image source: Twitter. Image source: Ikea. assortment planning software ?.

Customer Service 295

Customer Service Examples Price Reduction Sourcing Strategies 295

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. The initial software product release name was Real-Time Forecasting. E2open sells a cloud-based solution for network collaboration. History of Terra Technology.

Supply Chain Planning Software 150

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

Logistics Viewpoints

APRIL 7, 2021

This is where TireHub uses ToolsGroup. ToolsGroup is a global supply chain planning software company. ToolsGroup help companies maintain or improve target service levels while minimizing inventory. This is where ToolsGroup comes into play, especially with the seasonality of some SKUs. For TireHub.

Supply Chain Planning Software 131

Supply Chain Planning Software Forecasting Software ToolsGroup Optimal Sourcing 131

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. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

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. There are some key capabilities found in a supply chain planning software that can help you better predict short-term demand. Other sources: 1 [link].

Supply and Demand 156

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

ToolsGroup

OCTOBER 3, 2022

Source: Bloomberg.com. Moreover, the new policy of purchasing online and picking up in-store adds to the already high-stress environment for in-store employees. When customers arrive curbside to collect their purchase, they have no intention of waiting. The Importance of Finding Frontline Retail Staff for Peak Holiday Season.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. Data source: eMarketer. eCommerce Purchases and “The New Normal” Retail Categories. And based on Placer Lab’s data , the investment looks promising, with monthly 2021 monthly in-store visits up across the board in comparison to 2019: Image source: Placer.ai.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

ToolsGroup

JANUARY 8, 2019

In short, any capturable element that influences how customers purchase, whether in B2B or B2C environments. Enright adds that employing these data sources may require new solutions to model the demand. At ToolsGroup we call this “ demand modeling ”. Click below for an infographic of the above image:

Supply and Demand 149

Supply and Demand Modeling Demand Planning Software Forecasting 149

Supply Chain Shaman

MAY 5, 2017

This ended when Gartner purchased AMR Research in 2010. The software approaches and project implementations are not enterprise class. In addition, the Demand-Driven Institute certifies and sells software, and I think this is a conflict of interest. For more on this topic, contact Enterra Solutions and FusionOps.

Supply and Demand 191

Supply and Demand Modeling Demand Planning Software Supply Chain Planning Software 191

ToolsGroup

JUNE 4, 2024

You purchase your ticket for a symphony, get yourself dressed up, arrive early at the theater, read the concert program and sit comfortably in your seat awaiting an evening of musical delight. Inconsistent Data : Organizations have no single source of truth.

Supply Chain Planning Software 156

Supply Chain Planning Software Scenario Planning Supply Chain Planning Sourcing Strategies 156

ToolsGroup

AUGUST 12, 2022

Using shop-by-store features to check inventory availability before going to make purchases in-store. When looking at how omnichannel retail increases sales, consider the fact that 54% of consumers say they are likely to look at a product online and then purchase it in-store. Buy online and return in-store (BORIS).

Omnichannel 156

Omnichannel Optimal Sourcing Supply Chain Planning Software Inventory Reduction 156

ToolsGroup

JULY 10, 2018

Data sources for the forecast can include planned sales orders, customer contracts and intercompany standing orders. Second, it can be a continuously improving process, where planning outcomes are regularly assessed and used to fine-tune the next cycle using tools such as Forecast Value Add (FVA). Demand Planning. Demand Sensing.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

Supply Chain Shaman

JUNE 6, 2015

As I read the literature, I felt out of touch and old-fashioned. “How could I not know about supply chain planning software?” On the plane to my interview, I read everything I could about planning software and thought about the simple spreadsheet challenge that was the genesis of my journey. ” I thought.

Supply Chain Planning Software 150

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

ToolsGroup

FEBRUARY 15, 2021

According to a survey from the Digital Supply Chain Institute (DSCI), the design of and transformation to a digital supply chain with the customer in mind, can reduce procurement costs for all purchases of goods and services by 20% and reduce supply chain process costs by 50%. New sources of revenue. Greater access to markets.

Supply Chain Design Software 156

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 156

ToolsGroup

DECEMBER 20, 2021

Image source: Bloomberg. Image source: American Journal of Transportation. They’ve been around for years, either bubbling under the surface, or squeezing supply chains into retrospectively fitting band-aid solutions to cataclysmic problems. The Solution: 5 Changes Needed to Overcome Supply Chain Challenges.

Supply Chain Disruption 194

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

ToolsGroup

NOVEMBER 4, 2022

Source: Insider. 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. Don’t let supply chain disruptions and outdated planning solutions stifle your business. 7 Causes of Excess Stock. So how did it come to this?

Inventory Reduction 156

Inventory Reduction Material Savings Inventory Cost Reduction Strategies 156

Supply Chain Shaman

OCTOBER 8, 2017

I worked for a software company for almost a decade and implemented demand management solutions in the 1990s for multiple companies. Test new solutions against the traditional demand sensing providers of E2open (Terra Technology), SAP and ToolsGroup. 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

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. ” Asena Yosun Denizeri, Senior Director of Retail Solutions at Solvoyo, appears to agree with Bodenstab. ”[1].

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Gartner Scenario Planning 100

ToolsGroup

DECEMBER 14, 2021

Cyber Monday revenue – a reliable ecommerce performer year-over-year – showed mixed results pending the source, with an overall promising outlook. Supply Chain Shortages Impacted Consumer Purchases. Maybe its digital-only design fit more with the purchase activities of tweens and young adults everywhere. The Nintendo Switch?

Retail 156

Retail Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 156

ToolsGroup

OCTOBER 20, 2015

Source: Supply Chain Digest. Source: Lennox. With the transformation, Costa also added a new logistics partner, IT system, and purchasing process - all simultaneously. The software tracks demand surges and highlights replenishment exceptions for 5000 machines needing frequent, low-volume/low-value deliveries.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Supply Chain Software 120

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. These tools disaggregate forecasts down to the stockkeeping unit level.

Supply Chain Software 120

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Modeling 120

ToolsGroup

JUNE 27, 2022

Necessity of Supply Chain Planning Software in Vertical Integration. At the back of your supply chain, you’ve got your raw materials being procured. If a company is purchasing from suppliers on the open market, those suppliers want to make a profit. That’s where the right pricing tool can make all the difference.

Price Reduction 156

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

ToolsGroup

JULY 10, 2018

Data sources for the forecast can include planned sales orders, customer contracts and intercompany standing orders. Second, it can be a continuously improving process, where planning outcomes are regularly assessed and used to fine-tune the next cycle using tools such as Forecast Value Add (FVA). Demand Planning. Demand Sensing.

Supply and Demand 120

Supply and Demand Demand Planning Software Forecasting Forecasting Software 120

ToolsGroup

DECEMBER 11, 2023

Measuring yearly transactions across all stores in a country would have low granularity, as you would know very little about when and where customers make those purchases. Daily seasonality (Source: [link] ) Yearly seasonality (Source: [link] ) 4. The ideal data granularity depends on the kind of analysis you are doing.

Purchasing Skills 156

Purchasing Skills Data Optimal Sourcing Modeling 156

ToolsGroup

FEBRUARY 5, 2019

And single sourcing may reduce unit cost and inventory, but significantly increase structural risks. It includes replenishment decisions (quantity, timing, location, buffering), production decisions (quantity, sequencing, allocation, scheduling) safety stock, and purchase decisions (quantity, timing, vendor, location).

Supply Chain Design Software 120

Supply Chain Design Software Optimal Sourcing Supply Chain Design Inventory Reduction 120

Supply Chain Shaman

SEPTEMBER 13, 2016

The change in front of us will transform the base-level definitions of source, make and deliver. The traditional focus on Enterprise Resource Planning (ERP) and Advanced Planning Solutions (APS) does not bridge the gap. I think that the current solutions for planning will become obsolete within ten years.

Supply Chain Planning Software 195

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

ToolsGroup

OCTOBER 25, 2022

For all of this, you need a solution that provides your entire organization with a single source of truth, helping teams align on inventory positioning, financial decisions , and business planning. Machine learning is a fantastic tool…if you know where to start. Let artificial intelligence do the hard work for you.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

ToolsGroup

FEBRUARY 18, 2022

Image source: Google Trends, as of Feb. Image source: 9 News Twitter. Image source: Mashed. Among other tactics, retailers attempting to weather the chicken shortage are using a combination of supply chain planning technologies including demand forecasting and promotional tools. Why Is There a Chicken Shortage?

Purchasing Skills 386

Purchasing Skills Price Reduction Supply Chain Planning Software Inventory Reduction 386

ToolsGroup

MAY 18, 2022

Data also shows that half of US states are experiencing out-of-stock rates between 40% and 50%: Image source: Flipboard. The Risk of Outdated Forecasting Software. Outdated forecasting software only increases the risks surrounding a disrupted supply chain. Image source: Sturgis Journal. Image source: MTL Blog.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Planning Software Pricing Training Company 156