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Probabilistic Demand Forecasting: Revolutionizing Supply Chains

ToolsGroup

At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supply chain management software. In conventional supply chain planning , planners using basic tools (typically spreadsheets or legacy systems) forecast just one number for each item.

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Safety Stock – Mastering Demand and Supply Chain Planning

ToolsGroup

Safety Stock: Navigating Supply Chain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supply chain executives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.

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How to Optimize Fulfillment with Unified Data

Logistics Viewpoints

Optimizing fulfillment requires a series of steps to get a shipment from its source to the end customer. These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management.

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Supply Chain Efficiency: A Deep Dive into the Core Drivers

RFgen

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. Healthcare providers are leveraging efficient supply chains to ensure critical supplies reach patients when needed most.

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Rethinking WMS: Why No-Code / Low-Code Solutions are Transforming Warehousing

Logistics Viewpoints

Its an oft-quoted saying in IT: 80 percent of customers only use 20 percent of the features in the software theyve purchased. Warehouses can range from small cross-dock operations with minimal storage needs to massive, multi-functional distribution centers packed with extensive automation and material handling equipment (MHE).

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Public Markets Reward Supply Chain Alignment

Supply Chain Shaman

Today, I am proud to launch the Supply Chain Index. It is my hope that the readers of this blog will take time to either join us today to listen to the launch of the Supply Chain Index on our webinar or listen to the replay. (We The Supply Chain Index has been two years in the making.

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Breaking Down Supply Chain Optimization: Turning Data Into Actionable Insights

RFgen

Ever feel like your supply chain is a tangled mess of spreadsheets, frantic phone calls, and last-minute scrambles? It’s the key to transforming your supply chain from a source of frustration into a well-oiled, profit-generating machine. You’re not alone. That’s where data analytics comes in.