ToolsGroup

DECEMBER 16, 2021

To remain competitive, retailers who invest in open-to-buy planning software are able to keep an eye on their financial health and grow a successful business, while aligning inventory optimization with revenue goals. The benefits of open-to-buy. Reach Optimal Inventory Levels by Having the Right Amount of Stock Available.

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

ToolsGroup

DECEMBER 16, 2021

Whereas retailers once purchased merchandise largely based on the gut instinct of trend-savvy buyers and the push of whatever manufacturers tried to sell them, nowadays, they need to take a much more customer-focused and data-centered approach.

Agile and Lean Supply Chain 156

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

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

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. Excess inventory is the stock remaining on shelves or in warehouses after customer demand for an item has been filled. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

ToolsGroup

JULY 19, 2023

Supply Chain Digital Twins: Why You Need Them As supply chain disruptions seem to be here to stay (and increasing in amplitude), planners across industries are looking for ways to make more accurate planning decisions – and digital twins are a great tool for that. Big, clunky, siloed, and out-of-date data. In real-time. Show Me More →

Real-time Visibility 295

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

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. Overcome supply chain challenges – and maximize margins in the face of inflation – with retail planning software and demand forecasting tools. Material Handling & Logistics ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ToolsGroup

OCTOBER 25, 2022

For instance, there may be a slow-moving bolt that will really come in handy when snow plows hit the roads, but you don’t want a warehouseful of those bolts during the summer. All of these supply chain planning struggles can leave you with imbalanced stock, cluttering up your shelves and precious warehouse space.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

ToolsGroup

FEBRUARY 18, 2022

This is because Omicron is disrupting every part of the production process, from warehouses, selectors, drivers, and loaders. 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.

Purchasing Skills 386

Purchasing Skills Price Reduction Supply Chain Planning Software Inventory Reduction 386

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

AUGUST 18, 2022

Because these planners often lack a central strategy and view of inventory that comes with automated planning solutions, these decisions are being made in silos. See how companies across industries are embracing planning tools powered by AI and automation to shape the evolution of supply chain.

Optimization Software 156

Optimization Software Modeling Supply Chain Planning Software Supply Chain Optimization 156

Enterra Insights

JUNE 11, 2019

It takes a lot more time, money, and resources to accomplish than simply investing in ‘supply chain visibility’ software. Even patterns such as seasonal purchasing can be accounted for, helping modify your projected demand based on past years and current market trends.” ” Forecasting. ”[6]. Footnotes. [1]

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Inventory 100

ToolsGroup

OCTOBER 20, 2015

This enables it to optimally manage the supply of ingredients—coffee, flavored syrup, cups and lids—from a warehouse to partner sites. With the transformation, Costa also added a new logistics partner, IT system, and purchasing process - all simultaneously. Attention Getting Results. Big changes lead to big results.

Supply Chain Planning Software 120

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

ToolsGroup

FEBRUARY 5, 2019

They can also be network design choices , such as where to locate a warehouse. 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