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New solution debuting at NRF 2025 reduces stockouts and markdowns, driving profitability BOSTON January 13, 2024 ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of Inventory.io, an AI-powered solution designed to simplify inventory management and enhance profitability.
Setting the Stage The National Retail Federation’s 2025 conference has unveiled a clear vision of retail’s future, where artificial intelligence, integrated planning solutions, and customer-centric approaches are reshaping the industry landscape. Here are the key insights we gathered firsthand at this year’s event.
ToolsGroup invites NRF attendees to Booth #4043 to explore its retail planning technology, including the launch of Inventory.io, designed to help businesses prepare for the unknown in 2025. Retailers are increasingly concerned about the year ahead as they grapple with potential tariffs and broader economic uncertainties.
ToolsGroup was named the leader in the 2024 SPARK Matrix™for Retail Forecasting and Replenishment for its ability to optimize demand forecasting and deliver more strategic pre- and in-season replenishment and allocation strategies in complex retail environments. For more available research, please visit [link].
When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk.
Returns already have a significant impact on retailers’ bottom line. National Retail Federation (NRF) data reveals that for every $1 billion in sales, retailers incur an average of $145 million in merchandise returns. of retail returns were fraudulent, up from 10.4% in 2022, costing retailers $101.91
FabFitFun Warehouse in Chino, CA FabFitFun is an interesting retailer with a complex supply chain. They have been successful enough with their fulfillment capabilities that they are no longer just a direct-to-consumer retailer; they are also a third-party logistics provider. Why did this subscription retailer select Körber?
The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. The future of retail is closer than you think - 2025 will be here before you know it. 2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges.
With the chaos of the 2024 holiday season descending, the National Retail Federation predicts U.S. The onus is on ecommerce retailers to control the controllables, and focusing on eliminating uncertainty from the consumer fulfillment process and optimizing the last mile is a smart approach. billion in sales.
One of my favorite examples is using e-commerce to test and learn consumer preferences before the launch of brick-and-mortar strategies in retail. The demand latency of an e-commerce order is hours and days as compared to the traditional retail replenishment demand latency of weeks and months. There are two virtual classes.
In June 2024, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — “How prepared are you today to keep your operations running as best as possible if your ERP or any of your supply chain or logistics systems.
Lastly, West Central Ag services were acquired by CHS forming a new ag retail business and BSR released its 2025 supply chain outlook. CHS Closes its Acquisition of West Central Ag Services CHS has completed its acquisition of West Central Ag Services, forming a new ag retail business unit called CHS West Central.
Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences.
OneRail recently secured series C investment to drive growth and unlock dynamic fulfillment for enterprise retailers and wholesalers. OneRail is used by a variety of industries, including retail, food & grocery, and healthcare. Bill is a start-up entrepreneur focused on developing and commercializing real-time technology networks.
In April 2024, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — if they had experienced cargo theft or other types of freight fraud in the past year. Almost half said they had experienced theft or fraud, and.
The review evaluates vendors on their ability to deliver probabilistic forecasting, which QKS notes, “is no longer a strategic advantage—it’s the bare minimum for retail demand planning and supply chain resilience.” For retailers seeking agility, resilience, and automation at scale, ToolsGroup represents the benchmark.
In a survey we conducted in October 2020, 91% of our Indago supply chain research community members, who are all supply chain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.
As online shopping continues to grow, especially in categories like apparel and electronics, the pressure is on retailers to develop a robust and profitable reverse logistics strategy. In fact, the likelihood of a customer returning a product varies widely by retail category. of total retail sales.
Logistics systems must ensure that information about shipments flows correctly between suppliers, distributors, and retailers. • Improved Collaboration: Enhances coordination between diverse stakeholders, from suppliers and manufacturers to distributors and retailers.
In the age of relentless disruption, razor-thin margins, and digitally empowered customers, the retail industry must rapidly evolve to stay relevant. AI in retail supply chain is no longer an innovation to observe—it’s a strategic imperative to adopt. is a Game-Changer for AI in Retail Supply Chain What is AI in Retail Supply Chain?
retail spending grew by 1.7% Complicating matters, e-commerce retailers—particularly those heavily reliant on imports from China—are feeling the pressure from higher costs of goods sold (COGS). Despite these headwinds, there’s a glimmer of hope for retailers and their delivery partners: the next generation of consumers.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Explore how retailers can confidently move off SAP, before the fast approaching deadline, while modernizing for a new kind of commerce. 🚀 What Great Looks Like: See how leading retailers are already embracing modern commerce models to fuel innovation.
There’s alot of content noise so I find it useful to understand the market by reading what retailers are directly saying each quarter. Look for another article later this week and part 4 of the What Retailers Are Saying Series on May 18. 🙏 Retailers Tractor Supply Q1 ending March 29. Christopher J.
The booths at the National Retail Federation (NRF) on January 12 th -14 th will shine brightly with AI plastered everywhere. The session is open to manufacturers, retailers, consultants, and academics. However, based on my discussions with the technologists, the real improvements to drive value will be few and far between.
A busy week in retail earnings! 🙂 Part 6 of the What Retailers Are Saying Series will be posted on June 1. 🙏🙏🙏 Retailers Home Depot Q1 ending May 4. We don't want to be the first one to raise prices and we want to make sure that we keep our value or pricing umbrella versus mainstream retail.
Briana is the Vice President of Product Management for the 3PL market segment at SPS Commerce, the worlds leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. SPS Commerce standardizes order formats for improved efficiency and control.
This webinar – coming to you from Glenn’s own backyard – discusses the importance of supply chain visibility for seasonal shipping, new product promotions, and holiday ramping in the F&B and retail industries while providing sizzling secrets to creating the juiciest meats for your barbecue.
Retailers and e-commerce giants like Amazon are stockpiling key inventory, preparing for potential further trade restrictions. retailers are shifting imports from Mexico and Canada to Gulf Coast and West Coast ports, bypassing overland trucking delays.
Many retailers treat inventory management as a mundane task rather than a strategic lever for success. A staggering 56% of consumers will switch to a competitor after facing a stockout, costing retailers an average of $700,000 annually in lost sales. They can devastate your sales. Don’t settle for mediocre predictions.
🙏🙏🙏 Retailers Dollar Tree Q1 ending May 3. The significant number of retail store closures over the past year has already resulted in strong deal flow and abandoned customers. 🙂 Look for the next article in this series in a few weeks. 🛒 A big thanks to you all for reading my articles.
While some retailers made bold moves that paid off, others struggled with familiar issues like stockouts, misaligned promotions, and consumer fatigue. Retailers with smooth, fast, and intuitive digital experiences came out ahead. Black Friday 2024 is in the rearview mirror, and the results are in.
Now, retail success depends on integrating a blend of diverse technologies to thrive. Explore a customer-centric approach to navigating digital transformation in retail. The era of all-in-one platforms is over.
The post Israel’s Airspace Closure Disrupts Supply Chains: How AI Helps Retailers Adapt appeared first on IT Supply Chain. By Pini Usha (pictured) CEO of Buffers.ai
Nuro’s vehicles are being evaluated by retailers such as Walmart and Kroger. Amazon is also testing drone-based deliveries through its “Prime Air” program. Nuro has developed an autonomous vehicle designed for transporting groceries and small packages.
Kibo enables retailers, distributors and manufacturers to deliver seamless omnichannel experiences while optimizing fulfillment efficiency. The platform is used by some of the largest companies in the world across retail, logistics service providers, healthcare, and distribution, and processes several hundred million shipments per year.
Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels and inventory – delighting customers and achieving financial and sustainability KPIs.
However, even in 2022, retailers and supermarkets continue to be challenged by visibility gaps. It’s clear more than ever that grocery supply chain management is the heart and soul of the future of grocery retail. All food retailers face tough choices today as the economy continues to emerge from the global pandemic.
Distribution Network : Amul employs a wide distribution network that includes a mix of direct sales to retailers, wholesalers, and through its own branded outlets. Amul has established a robust network of chilling centers and processing facilities. This extensive network ensures that products reach consumers efficiently.
About Jon Doolen Jon Doolen is a seasoned business coach with over two decades of expertise in retail logistics, particularly specializing in final mile delivery and third-party logistics for home furnishings and luxury products.
20-year industry veteran brings deep technical expertise and leadership to guide ToolsGroups next phase of growth BOSTON February 4, 2025 ToolsGroup , a global leader in supply chain and retail planning and optimization software, today announced the appointment of Sean Elliott as its new Chief Executive Officer, effective immediately.
He specializes in working with manufacturers and retailers/CPG to solve their most difficult supply chain issues through digital transformation with a modern data fabric architecture.
This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration.
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