ToolsGroup

JUNE 2, 2023

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Logistics Viewpoints

JUNE 4, 2024

With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.

Inventory Reduction 242

Inventory Reduction Supply Chain Planning Software Waste Reduction Inventory 242

The Logistics of Logistics

JUNE 14, 2024

trillion distortion inventory problem. Trillion Inventory Distortion Problem In this podcast, Karl Swensen, CEO and Co-founder of Pull Logic, discusses how their AI-enabled technology helps retailers, brands, and manufacturers reduce lost sales by addressing supply chain and selling process failure points. Summary: Solving the $1.8

Inventory Reduction 227

Inventory Reduction Inventory Inventory Management Software Modeling 227

Logility

MARCH 6, 2024

With improving machine learning and artificial intelligence capabilities, advanced analytics are shifting, becoming a more attractive option to leaders across industries. But how can you incorporate advanced analytics into your supply chain flow? What Are Advanced Analytics? What Are the Benefits of Advanced Analytics?

Prescriptive Analytics Software 181

Prescriptive Analytics Software Analytics Software Predictive Analytics Supply Chain Planning Software 181

ToolsGroup

JANUARY 15, 2024

BOSTON & LONDON — January 15, 2024 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite. Read more HERE.

Inventory Reduction 177

Inventory Reduction ToolsGroup Waste Reduction Price Reduction 177

ToolsGroup

OCTOBER 17, 2024

Are you making the fatal mistake of underestimating the importance of inventory rebalancing? Many retailers treat inventory management as a mundane task rather than a strategic lever for success. It’s about strategically adjusting your inventory levels across locations and products in response to real-time customer demand.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Expense Reduction Resource Reduction 156

Logility

APRIL 3, 2024

The life sciences are integral to the quality of life and lifespan, but the field faces some uniquely difficult inventory challenges. You can then take it a step further with multi-echelon inventory optimization (MEIO), which provides visibility to everything from raw materials, to finished goods.

Supply Chain Optimization 165

Supply Chain Optimization Inventory Reduction Optimization Software Supply Chain Planning Software 165

ToolsGroup

FEBRUARY 28, 2024

That’s why Evo CEO Fabrizio Fantini jumped at the chance to work with Harvard Business School Professor Sunil Gupta to participate in a case on Miroglio’s huge success increasing profits through in-season inventory optimization. But fashion is inherently hard to predict. Read the case on Harvard Business School website Read here →

Network Optimization 156

Network Optimization Supply Chain Optimization Inventory Price Mitigation Strategies 156

Supply Chain Shaman

DECEMBER 27, 2022

It combines robotics, analytics, and the Internet of Things (IoT). McKinsey promises improved agility (not defined) with up to a 30% reduction in operational cost and a decrease in inventory of 75%. (I In contrast, SAP touts an integrated cloud-ready portfolio that includes predictive analytics, automation, and IoT capabilities.

Supply Chain Software 405

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 405

Logistics Viewpoints

FEBRUARY 16, 2021

And the impact doesn’t stop there, since trade-off decisions will be required to answer questions like which customer is most important to satisfy with the limited bolts in inventory and if production capacity should be reallocated. Analytics inform decisions. Agility to act on transparency.

Supply Chain Visibility 316

Supply Chain Visibility Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning 316

Logistics Viewpoints

APRIL 5, 2023

This report provides a cross-industry perspective on digital transformation in logistics including digital maturity in inventory management, transportation, fleet maintenance, safety and compliance, and more. Thirty-one percent of respondents are using predictive analytics and 24 percent are using artificial intelligence to optimize.

Logistics Network Optimization Software 281

Logistics Network Optimization Software Analytics Software Predictive Analytics Software Inventory Management Software 281

Supply Chain Shaman

FEBRUARY 28, 2021

As I look at the financials, I question what the value could be if we got serious about innovation through new forms of analytics. For example, Vendor Managed Inventory (VMI) systems, a useful stream of customer data, do not connect to planning. New forms of analytics offer opportunities, if we can step out of our box.

Supply Chain Planning Software 373

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 373

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Advanced and predictive analytics. Advanced and predictive analytics are deployed in real- or near-real time. That’s an increase from 17% in 2017.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

ToolsGroup

SEPTEMBER 30, 2024

This shift has led to a growing need for agile inventory management and quick delivery systems. The Challenges of Inventory Management in the Aftermarket Managing inventory in the aftermarket is uniquely challenging.

Manufacturing Procurement 156

Manufacturing Procurement Optimization Software Supply Chain Planning Software ToolsGroup 156

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 360

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 360

AIMMS

NOVEMBER 9, 2020

Our second webinar delved deeper into the technology aspect, focusing on analytical capabilities and scenario modeling. Our first webinar with Oliver Wight discussed common people, process and technology pitfalls that hinder IBP initiatives. Specifically, we looked at three use cases for scenario modeling using our cloud-based IBP app.

Modeling 406

Modeling Scenario Planning Optimization Modeling Modeling Software 406

Logistics Viewpoints

AUGUST 5, 2021

Technicolor, which makes high tech equipment for the connected home, found their sales team drove the business but created havoc by entering new requirements or cancelling them too late for operations to keep up, so inventories grew. Reducing inventory saves money but also reduces waste, because obsolete inventory becomes another problem.

Supply Chain Planning Software 317

Supply Chain Planning Software Sustainability Material Savings Supply Chain Planning 317

Logistics Viewpoints

MAY 11, 2023

In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Inventory management Another area where digital twins can be beneficial is inventory management.

Modeling 275

Modeling Analytics Software Supply Chain Design Software Optimization Software 275

ToolsGroup

SEPTEMBER 26, 2023

The Evo capabilities in non-linear optimization, quantum learning, and advanced prescriptive analytics will enable us to make the next leap in our journey toward Decision-Centric Planning. Our easy-to-use AI applications optimise planning across pricing, inventory, customer scoring and retention.

ToolsGroup 296

ToolsGroup Prescriptive Analytics Software Supply Chain Planning Software Modeling 296

ToolsGroup

NOVEMBER 23, 2021

The following strategies, based on data, analytics, and collaboration, are helping planners around the globe overcome a disrupted supply chain. Use analytics to put your available inventory to the best use. Chances are you do have some inventory–make sure it’s being put to the best use with automation and data analytics.

Supply Chain Planning Software 291

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

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). The term “AI” is overused.

Supply Chain Design Software 293

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 293

Supply Chain Shaman

DECEMBER 7, 2022

Colgate outperformed P&G in Return on Invested Capital (ROIC), and P&G exceeded Colgate in inventory turns. As a result of the research with ASU, I settled on the combination of growth, margin, inventory turns, and ROIC for the Supply Chains to Admire analysis. Investment in Descriptive Analytics. Analytics Deployment.

Inventory Reduction 55

Inventory Reduction Material Savings Supply Chain Strategy Price Mitigation Strategies 55

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain.

Supply and Demand 385

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 385

Supply Chain Shaman

JULY 31, 2024

In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. For additional insights check out our presentation at Informs.

Supply Chain Planning Software 323

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 323

Logistics Viewpoints

JANUARY 18, 2024

Here, let’s explore 6 essential elements of AI-powered automation in supply chain planning & analytics, culminating in a powerful solution. For instance, adjustments in order volumes trigger immediate updates to demand, inventory, supply, production, and transportation plans.

Supply Chain Software 285

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 285

Supply Chain Shaman

NOVEMBER 29, 2021

Changing Analytic Capabilities. Dramatic improvement in capabilities to drive insights through the use of analytics. Inventories are out of balance with demand and the rising need for write-offs. Chemical Sector Inventory Availability. The chemical inventory levels continue to decline. Ocean Port Snarl.

Supply Chain Planning Software 284

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 284

Logility

JANUARY 12, 2024

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. Its implementation transforms how businesses manage inventory and forecast demand, leading to streamlined and effective decision-making processes.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

ToolsGroup

JULY 27, 2021

Advanced demand analytics like machine learning can help to gain better insight from downstream demand data like point-of-sale (PoS), promotion, social media, NPI, weather, IoT, and more to improve near-term forecasts. Make Sure Your Inventory is Healthy. Traditional inventory approaches create stockouts and waste.

Agile and Lean Supply Chain 290

Agile and Lean Supply Chain Supply and Demand Supply Chain Planning Software Gartner 290

Logistics Viewpoints

MARCH 27, 2024

The robots can perform various tasks, such as transporting goods, picking orders, sorting items, and replenishing inventory. Some of the applications of AI and ML in supply chain robotics include vision systems, natural language processing, predictive analytics, and reinforcement learning.

Analytics Software 251

Analytics Software Predictive Analytics Software Optimization Software Supply Chain Network Software 251

Supply Chain Shaman

APRIL 15, 2020

Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements. Consider technologies like 1010 Data in consumer goods in conjunction with demand sensing technologies to replace rules-based consumption of demand into an inventory signal. Evaluate Inventory. What to do? Manage Supply.

Supply Chain Planning Software 440

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 440

DELMIA Quintiq

APRIL 6, 2020

The key challenge is to not over-produce and stock up on excessive inventory , but at the same time be ready for summer by securing on-shelf availability and fulfillment. The impact on inventory and demand will depend on the extent and timing of the pandemic ending. But manufacturers still have to generate demand scenarios.

Scenario Planning 296

Scenario Planning Supply Chain Planning Software Food Modeling 296

ToolsGroup

JULY 29, 2021

This should involve using data and analytics to improve predictability and strike the right balance between service and cost. The key to guaranteeing product availability while respecting inventory constraints and reaching financial targets is to satisfy top-down goals with a granular, SKU-level plan.

Supply Chain Planning Software 295

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Modeling 295

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). In general the ERP technology providers underperformed, and the investment was an opportunity cost to the adoption of new forms of analytics and building effective business networks.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

NOVEMBER 29, 2021

Changing Analytic Capabilities. Dramatic improvement in capabilities to drive insights through the use of analytics. Inventories are out of balance with demand and the rising need for write-offs. Chemical Sector Inventory Availability. The chemical inventory levels continue to decline. Ocean Port Snarl.

Supply Chain Planning Software 273

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 273

Supply Chain Shaman

MAY 26, 2023

Current Familiarity with Analytic Concepts (Fall 2022 Snapshot) Preamble Supply chain leaders love their rows and columns. If a company wants a perpetual inventory signal that is current and representative of the network, the unified data model allows roll-up in minutes, not hours. The focus of the Gartner Magic Quadrant.)

Optimal Sourcing 343

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 343

Supply Chain Shaman

APRIL 30, 2020

The companies are just not good at managing inventories and orchestrating distribution strategies. In the post-COVID-19 recovery, the recovery requires a perpetual inventory signal update at the speed of business: realt-time allocation and Available-to-Promise capabilities. Package goods and services to drive a different experience.

Supply Chain Design Software 355

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 355