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

ToolsGroup

MARCH 30, 2022

It’s no simple task providing customers access to the full range of capsules and coffee machines on all sales channels, across more than 70 boutiques in Italy, while optimizing inventory levels. ToolsGroup simplifies the task of creating orders for individual points of sale and monitoring inventory levels. Optimized transport.

Supply Chain Planning Software 317

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization 317

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 163

Supply Chain Optimization Inventory Reduction Optimization Software Supply Chain Planning Software 163

ToolsGroup

SEPTEMBER 13, 2023

The key lies in high performance inventory. Forward-looking supply chain professionals understand that inventory is not an end in itself; it’s a means – to enhanced customer service, increased profitability, and greater efficiency. What is High Performance Inventory?

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

ToolsGroup

FEBRUARY 23, 2021

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. Anyone can come up with a plan.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Modeling Optimization Software 156

Logility

MAY 10, 2022

Smart inventory allocation and deployment starts with the right digital supply chain platform. For most businesses, the past two years have been a much-needed teaching moment on the state of their inventory planning, tracking, and management capabilities. Decades-old, tried-and-true rules ?

Optimal Sourcing 173

Optimal Sourcing Optimization Software Inventory Reduction Supply Chain Planning Software 173

QAD

MARCH 28, 2019

Most people realize that on-time delivery plays a key role in how business’ satisfy customer needs, but customer satisfaction can be an expensive undertaking if the company doesn’t manage all aspects of customer service and the business processes that affect them. Meeting Customer Expectations.

Customer Service 99

Customer Service Metrics Forecasting Forecasting Software 99

Logility

MAY 25, 2023

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. This is where inventory control techniques come in.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Inventory Optimal Sourcing 130

ToolsGroup

APRIL 20, 2023

By implementing ToolsGroup Service Optimizer 99+ (SO99+) , Gaviota has achieved the supply chain trifecta – lower inventory, higher service levels, and improved operational performance. Read Gaviota’s full story and discover the secrets behind ToolsGroup’s unique probabilistic forecasting and inventory management solutions here.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software ToolsGroup Supply Chain Planning 156

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling 111

GlobalTranz

NOVEMBER 8, 2019

Today’s warehouse managers need better inventory management strategies. Customers wish for better customer service. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Shareholders want to increase profitability.

Inventory Management Software 223

Inventory Management Software Inventory Reduction Inventory Management Inventory 223

Supply Chain Opz

JULY 15, 2018

We evaluate books related to customer service based on sales rank, reviews/endorsement by leading business leaders and show you the best customer service books. If you don't want to compete in the price war, outstanding customer service is the holy grail because customer loyalty is the key. -

Customer Service 100

Customer Service Six Sigma Agile and Lean Supply Chain Purchasing Skills 100

ToolsGroup

NOVEMBER 19, 2024

This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels. Ciavarella’s efficient distribution system, coupled with a highly qualified staff, allows for rapid and punctual delivery, setting a new standard in customer service within the industry. “In

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Inventory Reduction 156

ToolsGroup

NOVEMBER 17, 2015

For those finishing up their 2016 strategic goals, or perhaps looking for a Christmas wish or a New Year’s resolution, here is one to consider: a 99+% customer service level for your supply chain. Despite the heightened service levels, the company operated their entire distribution network with less than two weeks of inventory.

Customer Service 0

Customer Service Logistics Network Optimization Software Supply Chain Planning Software Inventory Reduction 0

CHAINalytics

OCTOBER 18, 2022

This blog post is the second in Chainalytics’ Integrated Demand and Supply Planning practice three-part series on improving inventory. This post will cover optimising your inventory to drive accessibility of working capital and improvements in customer service levels.

Inventory 78

Inventory Supply Chain Planning Supply and Demand Scenario Planning 78

ToolsGroup

OCTOBER 20, 2020

Equally mystifying to people is the concept of inventory optimization. I explain to people that if they’re getting this process right, overall service levels should go up by 3-5% as overall inventory levels decrease by 15-30%. – Don’t you have to raise inventory levels to guarantee service levels?”

Inventory Reduction 177

Inventory Reduction Optimization Software Supply Chain Optimization Inventory 177

Supply Chain Shaman

OCTOBER 4, 2018

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession. IT View of the Current State of Inventory. Five Reasons.

Inventory Management Software 272

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 272

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 98

ToolsGroup

OCTOBER 14, 2020

Microsoft Azure customers worldwide now gain access to ToolsGroup ?Supply Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. Supply Chain Forecast | Inventory reduces waste, makes planning more efficient, and increases customer satisfaction.

Forecasting Software 156

Forecasting Software Forecasting Supply Chain Planning Software Supply Chain Design Software 156

BlueYonder

AUGUST 5, 2024

That’s a relatable frustration to anyone who works in inventory management! Now, while retail inventory doesn’t usually have a pulse, it’s in a similar situation to Schrödinger’s cat when it heads out into the world. Once goods are in the hands of the customer, they might be sold forever, or they might be returned.

Inventory Management Software 77

Inventory Management Software Inventory Management Inventory Reduction Inventory 77

Supply Chain Matters

AUGUST 15, 2022

Supply Chain Matters updates readers on yet another turnabout in supply chain and customer service direction for a once high flyer in premium interactive fitness equipment and services. Inventory Glut of Bicycles. In retrospect, they collectively ordered too much finished goods inventory from offshore supply sources.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52

Logility

AUGUST 17, 2021

Managing consumer packaged goods inventory is challenging at the best of times, and it can be debilitating during times of local or international disruption. An advanced inventory planning and optimization solution allows these companies to set and maintain precise stock targets across a global network. Robust Inventory Management.

Modeling 130

Modeling Inventory Reduction Supply Chain Optimization Packaging 130

ToolsGroup

SEPTEMBER 6, 2023

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Global Supply Chain Inventory Optimization (IO) vendors. ToolsGroup, with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.

ToolsGroup 156

ToolsGroup Optimization Software Supply Chain Design Software Supply Chain Planning Software 156

RFgen

APRIL 30, 2024

The answer lies in modern inventory management best practices. Specifically, the use of perpetual inventory systems. What is a perpetual inventory system? Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Wonder no more.

Inventory Management Software 81

Inventory Management Software Inventory Reduction Supply Chain Planning Software Optimization Software 81

Arkieva

AUGUST 18, 2022

Every supply chain planner’s goal is to provide the highest degree of customer service while reducing inventory in the supply chain network. High customer service translates to more business for the organization, and low inventory costs mean increased working capital.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Inventory Reduction Supply Chain Network Software 78

ToolsGroup

JUNE 8, 2018

Gartner Research analyst Paul Lord has developed a thought-provoking approach (shown in the above diagram) for tailoring supply and inventory tactics to different inventory segments. Traditional ABC inventory models segment inventory into A, B and C categories based on annual consumption value.

Modeling 197

Modeling Optimal Sourcing Inventory Reduction Demand Planning Software 197

ToolsGroup

AUGUST 7, 2018

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. The basic approach to inventory optimization.

Modeling 149

Modeling Optimization Software Supply Chain Optimization Optimization Modeling 149

ToolsGroup

AUGUST 3, 2020

It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence. Read on for our five inventory optimization secrets for aftermarket parts.

Inventory Reduction 156

Inventory Reduction Waste Reduction Optimization Software Supply Chain Optimization 156

Clear Spider

OCTOBER 21, 2024

Now’s the time for businesses to look back at the strain that rising inflation put on their supply chains and inventory management. In this blog, we’ll explain the impact of rising inflation rates on inventory and supply chain management. Under these conditions, effective inventory management is no longer just beneficial.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

Unleashed

AUGUST 15, 2024

Choosing the right inventory management system is crucial for optimising business operations, improving accuracy, and increasing overall efficiency. This guide explores five of the best Zoho Inventory alternatives currently on the market.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 52

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Forecasting 105

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 105

ToolsGroup

JANUARY 7, 2020

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

Logility

AUGUST 31, 2021

However, inventory optimization for beverage brands can help these organizations overcome such challenges with greater ease and speed. This basic replenishment tactic does not provide the accuracy and visibility needed to drive greater efficiency, ensure a right-sized inventory, improve customer service, and expand product sales.

Modeling 130

Modeling Beverage Inventory Reduction Supply Chain Optimization 130

ToolsGroup

AUGUST 7, 2018

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. The basic approach to inventory optimization.

Modeling 120

Modeling Optimization Software Supply Chain Optimization Optimization Modeling 120

SCMDOJO

SEPTEMBER 20, 2024

Does it ever come into your mind how companies efficiently convert inventories into sales? Regardless of the size, many businesses struggle with managing their inventories, storage, and logistics, which impacts their customer services and ultimately their businesses. What is the Stock turnover?

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Modeling Price Mitigation Strategies 52

Logility

JULY 30, 2024

This level of performance requires precise balancing of capacity and working capital to meet a defined level of customer service. In other words, there is very little “slack” in the planning environment—any unplanned external or internal changes will be immediately felt in customer service and costs.

Network Optimization Software 196

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 196

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 98