ToolsGroup

MARCH 7, 2023

To increase agility, supply chain teams need to be able to make informed decisions faster and optimize and respond at the speed of business,” says ToolsGroup CEO, Inna Kuznetsova. “We With over 365 customers located in 45 different countries, ToolsGroup provides the power of dynamic planning with SO99+. Version 8.60 release HERE.

Optimal Sourcing 156

Optimal Sourcing ToolsGroup Supply Chain Planning Software Scenario Planning 156

ToolsGroup

JUNE 15, 2021

BOSTON (June 16, 2020) – Supply & Demand Chain Executive , the only publication covering the entire global supply chain, selected Polaris to receive a “Top Supply Chain Projects Award for 2021” for its project with ToolsGroup. About ToolsGroup. Only ToolsGroup makes all this possible. www.polaris.com.

ToolsGroup 120

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply and Demand 120

Supply Chain Shaman

JANUARY 30, 2025

Legacy players like Adexa, Arkeiva, Gains, E2open, Orchestr8 Solution, and ToolsGroup will be bought and sold with little impact to the market. Unless changes occur, the Company will miss the market for the inflection point for building holistic modeling of ship through (the channel) modeling. Other Players. Kinaxis and o9.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software Modeling Modeling Software 221

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. Supply Constraints , the mapping and modeling of all relevant supply chain constraints like shipping/receiving calendars, supply lots, order frequency, order constraints, and replenishment dates.

Supply and Demand 156

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

ToolsGroup

JULY 19, 2023

A digital twin would give every decision-making team a better understanding of how to handle that new ship-from-store policy and help manage fulfillment through multiple and varied channels. With ToolsGroup Inventory Hub , you can advance your digital twin and start transforming your supply chain – and your business – today.

Real-time Visibility 295

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

ToolsGroup

FEBRUARY 9, 2022

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. Shipping and Transportation Costs. Consumer Spend on Subscriptions: A Pivot From Streaming to Shipping. Well, that is indeed one way to attract talent!

Purchasing Skills 296

Purchasing Skills Price Reduction Retail Supply Chain Planning Software 296

ToolsGroup

OCTOBER 17, 2023

Last week, we talked about the three components of cost-based fulfillment optimization – ship cost, labor cost, and expected revenue. Multi-objective optimization is when Dynamic Fulfillment takes all of those costs we talked about (shipping, labor, markdowns) and analyzes them simultaneously to find the perfect balance between all three.

Network Optimization 156

Network Optimization Cost Reduction Strategies eBook Optimization Software 156

ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. All the shipping companies were completely, let’s say, sold out.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

ToolsGroup

MAY 13, 2021

The real question is, how many cartons of low-pulp, 16 ounce, SKU12345 orange juice are you going to need to ship from the Newark, NJ warehouse? The problem is that most supply chain decisions are not made at that level. It also reduces the manual intervention needed to get everything to work.

Modeling 177

Modeling Forecasting Supply and Demand Optimization Modeling 177

Enterra Insights

APRIL 13, 2023

Analysts from the ToolsGroup note that reliance on data-driven decision-making has ushered in “a remarkable shift in the world of retail from a product-centric to customer-centric model.”[5] ToolsGroup analysts suggest retailers adopt lean retail principles, which affect all aspects of the supply chain.

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

ToolsGroup

DECEMBER 5, 2024

Focus on delivering convenience and urgency: Offer express shipping and curbside pickup. Test the checkout process for hiccups, and emphasize features like guest checkout and clear shipping timelines to minimize abandoned carts. Promote gift cards as a no-fail option. Use countdown messaging: “Order by [date] for Christmas delivery!”

Inventory Reduction 156

Inventory Reduction Waste Reduction How To Price Mitigation Strategies 156

ToolsGroup

MAY 2, 2023

Omnichannel itself has changed, thanks to the proliferation of sales channels which now include in-store, ecommerce, BOPIS (buy-online-pick-up-in-store), or even ship-from-store options. The ToolsGroup team, ready for another day of great conversations and insights!

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Network Software Inventory Reduction Demand Planning Software 156

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Increased Shipping Costs, Delays, and Transportation Issues. Famous Pacific Shipping Group ). Following the pandemic, 91% now do.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ToolsGroup

JANUARY 8, 2019

He suggests including inputs to demand calculations such as demand transfer, competitor pricing, weather, social commentary, and shipping and returns policies. At ToolsGroup we call this “ demand modeling ”. The most commonly used granularity is individual sales order-line, daily by item and by ship-to location.

Supply and Demand 149

Supply and Demand Modeling Demand Planning Software Forecasting 149

ToolsGroup

OCTOBER 17, 2024

Poor rebalancing creates operational inefficiencies that drain your resources: Escalating Operational Costs: Are you ready to pay up to 50% more for expedited shipping because you weren’t prepared? The Broader Financial Impact of Poor Rebalancing Let’s not forget the larger financial implications of ineffective inventory management.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Expense Reduction Resource Reduction 156

ToolsGroup

AUGUST 11, 2020

Since ToolsGroup was founded back in 1993, “service-level planning” has been so ingrained in our DNA I’ve been guilty of assuming that this concept is common knowledge. This company holds 900,000 SKUs in stock ready to ship, and promises to send 99% of orders on the same day. So let’s get back to basics.

KPI 156

KPI Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software 156

ToolsGroup

MAY 28, 2019

Here are a few places these themes popped up at the conference and how we can tie them back to a subject we love here at ToolsGroup: supply chain planning. We place an online order and want each item as fast as possible, even the same day, but oh by the way we also want the vendor to prioritize sustainability and use less shipping packaging.

Gartner 24

Gartner Supply and Demand Supply Chain Planning Software Conference 24

ToolsGroup

SEPTEMBER 8, 2021

It is a solution that, in a nutshell, helps you decide how much of a product to produce and ship across your supply chain according to a number of different factors, including cost, time-to-production, demand, market and/or supplier restraints, and much more. So first off: What is production planning?

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Forecasting 156

ToolsGroup

NOVEMBER 7, 2024

These exclusive insights ensure you’re ready not just for Christmas but for key promotions all year long, eliminating the guesswork and preventing costly shipping delays. AI-driven inventory rebalancing solves this problem by continuously analyzing location-based demand and automatically redistributing stock to where it’s needed most.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Forecasting Supply and Demand 156

ToolsGroup

AUGUST 23, 2016

This week Manoranjith Pathekkara, managing director of ToolsGroup's partner in India LogicaMatrix ( www.logicamatrix.com ), digs into an area where many companies are breaking through that ceiling. The ability to use downstream data - This could be ship-to data, VMI feeds, POS data, collaborative planning, etc. Most likely.

Supply and Demand 120

Supply and Demand Modeling Demand Planning Software Forecasting 120

ToolsGroup

OCTOBER 14, 2024

Streamlined Lead Times: Improved procurement efficiency potentially resulting in cost savings from optimized shipping arrangements and favorable supplier terms. Balanced Inventory Levels: Mitigation of financial risks associated with lost sales due to stockouts and excessive holding costs from overstocks.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

ToolsGroup

DECEMBER 2, 2021

According to our ToolsGroup/CSCMP Digital Transformation in Supply Chain Planning report, machine learning is one of the top three technological investments supply chain leaders plan to make to transform their supply chains. Image source: Stefan de Kok. 2. Improve supply chain forecasting with machine learning.

Inventory Reduction 156

Inventory Reduction Waste Reduction Forecasting Resource Reduction 156

ToolsGroup

OCTOBER 10, 2023

It examines multiple objectives and factors like shipping costs, location-specific operational behavior, and store demand, and then analyzes every permutation – in subseconds. 1 – Ship Cost The first component is ship cost. #1 1 – Ship Cost The first component is ship cost. What do we mean by expected revenue ?

Purchasing Skills 156

Purchasing Skills Network Optimization Supply Chain Optimization Price Mitigation Strategies 156

Enterra Insights

AUGUST 1, 2019

Jeff Bodenstab, a marketer at Toolsgroup, writes, “When supplies get tight, inventory optimization can help focus production around the most critical products while reducing requirements for other items.”[3] In flush times, demand can outstrip production. ” Bodenstab believes, for most companies, MEIO is the right choice.

Optimal Sourcing 124

Optimal Sourcing Modeling Inventory Reduction Supply Chain Optimization 124

ToolsGroup

AUGUST 1, 2022

According to a study by Narvar , 75% of consumers have been given a refund without needing to ship back the product. Consider utilizing online tools to generate return shipping labels, text notifications, send email updates, or support a seamless omnichannel return experience through use of your store’s app.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

ToolsGroup

JANUARY 22, 2020

Sales might have promised better sales, a buyer might have been stung in the past by an out-of-stock and over compensated, a miss-ship of the vendor might have happened and the warehouse didn’t notify the planner, or consumer behavior might have changed and wasn’t noticed until the days of supply threshold was crossed on a BI report.

Optimization Software 199

Optimization Software Inventory Reduction Forecasting Software Supply Chain Planning Software 199

ToolsGroup

JANUARY 6, 2022

Lesson #5: From Shipping to Stocking, Process Matters. We increased our lead times using air freight and dealt with delays through prior shipping agreements with our suppliers. Supply chain delays and challenges had crippled major businesses and pushed companies towards bankruptcy.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 290

Enterra Insights

DECEMBER 4, 2019

Consumers are demanding faster shipping, better visibility and excellent customer experience from the places they shop. Alex Achour, a Sales Engineer with ToolsGroup, insists various forms of AI, like machine learning, can help brands and retailers better cope with the volatility of the holiday shopping season. Footnotes. [1]

Procurement Solutions 100

Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 100

Supply Chain Matters

OCTOBER 10, 2023

Technology providers included in this update include Amazon Web Services, Loop, Certa, Consolidated Chassis Management and ToolsGroup. OCEMA”) , an industry association consisting of 10 major international container shipping companies. CCM has been owned since its inception by the Ocean Carrier Equipment Management Association, Inc.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 52

ToolsGroup

JULY 25, 2017

Algorithms that capture actual parts demand, or plan for future demand need to be far more sophisticated in item level and shipping location mathematical modeling. Long-tail demand can be best managed by planning that factors item level and shipping location simultaneously.

Supply Chain Planning Software 198

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 198

ToolsGroup

JUNE 2, 2023

This is especially prevalent in organizations that have experienced growth through mergers and acquisitions and now need to reconcile multiple ERP, WMS, shipping, and transportation systems. The larger the company, the greater the danger of duplicative, conflicting, or siloed systems.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

ToolsGroup

NOVEMBER 23, 2021

Shipping providers also slashed capacities. Everyone is asking, “why can’t I get my stuff?”. In layman’s terms, COVID-19 demand changes hit manufacturers and retailers hard, and they had to drastically cut production and sales. In fact, 94% of Fortune 1000 companies are seeing supply chain disruptions due to COVID-19.

Supply Chain Planning Software 291

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

ToolsGroup

OCTOBER 3, 2023

Here’s what many modern retailers are facing with the advent of fulfillment challenges like ship-from-store programs. Perhaps reducing shipping costs? It evaluates aspects such as shipping , labor , and potential markdowns , making it easier for retailers to make informed and balanced fulfillment decisions. Not a bad idea.

Optimal Sourcing 156

Optimal Sourcing Optimization Software Network Optimization Price Mitigation Strategies 156

ToolsGroup

MARCH 18, 2019

In order to meet today’s service expectations for fine paper products, Mohawk’s customer service-level metric was changed from “order lines shipped complete within five days” to “order lines complete and available at time of order”. Crucially, Mohawk now works with distributors to help them sell more fine paper products.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 228

ToolsGroup

APRIL 4, 2023

Unlike other goods and services, a passenger on an airplane, cruise ship, or train cannot simply go somewhere else if you don’t have the soda or the meal that they want. In other cases, such as cruise ships, the ship is the warehouse. These companies understand that one bad experience could jeopardize future sales.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

ToolsGroup

FEBRUARY 19, 2020

This usually involves analyzing daily sell-in/ship-to demand data using short time horizons and adjusting the forecast accordingly. Short-term forecasting with sell-in data. The easiest way for companies to start sensing demand is to use the most granular historical data available.

Supply and Demand 218

Supply and Demand Modeling Demand Planning Software Optimal Sourcing 218

ToolsGroup

JUNE 8, 2018

Cycle stocks can leverage economies of scale by using economically optimum supply quantities that minimize buying, making and shipping unit costs. Here Lord points out that companies can lengthen their production runs to reduce costs, allowing cycle stocks to increase. High margin and low variability – In a way, these are ideal products.

Modeling 197

Modeling Optimal Sourcing Inventory Reduction Demand Planning Software 197