Logility

AUGUST 7, 2023

The rule of thumb says that for every percentage point of service part availability, revenue grows ¼ of a percent. This is relatively simple to measure, and with advanced inventory optimization it is possible to optimize the service level based on customer and product segmentation.

Customer Service 214

Customer Service Supply Chain Planning Software Logility Optimization Software 214

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

Logility

JUNE 5, 2024

In this dynamic environment, businesses must meet rising customer service expectations while driving innovation and growth. This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress.

Optimal Sourcing 186

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 186

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

MAY 15, 2023

Functional excellence throws the supply chain out of balance decreasing results on a balanced scorecard of growth, margin, inventory turns, customer service and ROIC (Return on Invested Capital). Sadly, the area of customer service–the lifeblood of the organization–rates the lowest.

Manufacturing Procurement 448

Manufacturing Procurement Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning 448

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 166

Supply Chain Optimization Inventory Reduction Optimization Software Supply Chain Planning Software 166

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

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Help Me Improve Customer Service.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

ToolsGroup

JULY 29, 2021

Factors like growing competition from upstart players, new 5G services, broadband landlines, rapidly-changing consumer behavior, accurate sales forecasting becomes impossible. Telecom companies must pivot to a service-driven approach. Think of service-driven planning as an intelligent thermostat for your supply chain.

Supply Chain Planning Software 295

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

Supply Chain Shaman

MAY 13, 2024

P&G did not appreciate the work Gilette accomplished on form and function of inventory and using market signals. As a result, the company’s performance at the intersection of margin and inventory turns was circular for the past decade. Profits were good, and the organization struggled to manage inventory.

S&OP 349

S&OP Supply and Demand Inventory Reduction Expense Reduction 349

ToolsGroup

JUNE 17, 2021

Right-sizing inventory. Avoiding inventory overages and shortages begins with a better forecast, but also requires a smarter inventory strategy. Differentiated customer service classes enable alignment of order fill rate targets by groups to the organization’s go-to market strategy.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

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

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

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.

Supply Chain Planning Software 156

Supply Chain Planning Software Inventory Reduction ToolsGroup Supply Chain Planning 156

Supply Chain Shaman

AUGUST 7, 2019

When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. Analyze Past Results in Customer Service. We draw a timeline on a conference room wall and using customer shipment and compliance data, we plot the issues with customer service and product outages.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Supply Chain Shaman

JANUARY 9, 2024

An average margin of 21% with inventory turns of 1.58 As shown in Figure B, the company improved cash-to-cash through the extension of payables, but never improved inventory levels after the spin-off from Kraft. Typically, the inventory values used in the triangle are safety stock. Struggling, they are not sure what to do next.

Supply Chain Planning Software 299

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 299

ToolsGroup

MAY 11, 2021

Likewise, many growth-oriented companies employ supply chain planning (SCP) software to facilitate their growth and improve efficiency and customer service. Among other things, demand forecasting and inventory optimization can minimize inventory, decrease transportation costs and reduce overhead expenses.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Planning Supply Chain Optimization Modeling 296

ToolsGroup

JULY 27, 2021

Make Sure Your Inventory is Healthy. Getting to healthy inventory levels is a natural result of leveraging downstream demand with demand sensing. Employ a multi-echelon inventory strategy to protect supply chain integrity and plan inventory at every level. 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

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. When we compare the results of P&G to its peer group for 2012-2021, P&G outperforms in inventory turns and margin but underperforms in growth and asset utilization. Was this by design?

Procurement Analytics 339

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 339

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

Supply Chain Shaman

JUNE 30, 2023

As a result, demand planning is largely manual, inventory management is a series of manual inputs, and production planning is via spreadsheet. Anne is a lean disciple and sees all inventory as Muda. She lacks the appreciation for the need for inventory as a buffer. I advised John to ask for help to improve inventory health.

Supply Chain Planning Software 323

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 323

Logistics Viewpoints

JANUARY 21, 2021

Moreover, these ML-based transit time predictions can feed into shipment planning and execution processes to provide better decision-making that ultimately yields better customer service and cost performance. How machine learning is transforming logistics.

Predictive Analytics Software 358

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 358

Supply Chain Shaman

FEBRUARY 1, 2024

Each is customized and runs on separate servers. Rolling up a perpetual inventory signal takes eleven hours. Through the use of a NoSQL unified data model, the company is able to now move data within 15-minute increments improving the data flow for inventory availability to improve allocation and ATP processing.

Supply Chain Planning Software 342

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 342

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

Supply Chain Shaman

JANUARY 25, 2024

With slim margins and ever-increasing inventories, companies invested less in capital assets. Today, this network operates with less capacity and ballooning inventories. The accuracy and timeliness of perpetual inventory information is an issue adding to the issues of multi-tier inventory management. Customer Service.

Supply Chain Network Software 273

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 273

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

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

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

OCTOBER 16, 2023

I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. Holistic design of the form and function of inventory with a focus on setting inventory targets for each flow. Funny, isn’t it? A shift from functional metrics to a balanced scorecard.

S&OP 333

S&OP Supply and Demand Forecasting Supply Chain Design Software 333

ToolsGroup

DECEMBER 17, 2020

When parts of the E2E supply chain get siloed, the bullwhip effect and the human overreactions in planning kick in and amplify the disconnect between upstream supply and downstream customer demand. Common disconnects like these ultimately translate to high supply chain costs and poor customer service.

Supply Chain Planning Software 275

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 275

Supply Chain Shaman

NOVEMBER 21, 2023

Fred owned logistics and customer service for the organization. In the early 1980s, As a result, we did not have a perpetual inventory signal. Without a perpetual inventory signal, we were never synchronized on where to place customer orders. As a result, inventories ballooned after the DRP implementation.

Supply Chain Planning Software 339

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 339

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 199

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 199

ToolsGroup

MARCH 18, 2019

These sessions resulted in improved make-to-stock and make-to-order service levels. They also cut inventory levels, grew sales and resolved capacity issues. Establish joint responsibility for inventory to reduce the risk of obsolescence. Their S&OP program, however, was only the beginning.

Supply Chain Planning Software 228

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

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 105

Inventory Management Software Inventory Management Inventory Reduction Inventory 105

ToolsGroup

FEBRUARY 4, 2020

When demand changes faster than a company’s ability to respond, you can end up with the wrong SKU mix and locations, frequent internal inventory transfers and expedites with high freight costs. Poor customer service levels. Excess and obsolete inventory.

Supply Chain Planning Software 232

Supply Chain Planning Software Supply Chain Planning Inventory Reduction Supply Chain Software 232

Supply Chain Shaman

JULY 6, 2020

Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. He felt that inventory was no problem, he would just cut it at the end of each quarter to make the balance sheet goals.

Agile and Lean Supply Chain 297

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 297

ToolsGroup

JUNE 11, 2019

MANN+HUMMEL to Present How It Partnered with ToolsGroup to Increase Fill Rate and Cut Inventory. Companies today are trying to find a balance between profitability and exceeding customer expectations,” said Mauro Adorno, EU managing director for ToolsGroup. On June 19 at 2:30 p.m., About ToolsGroup.

Supply Chain Planning Software 43

Supply Chain Planning Software Gartner ToolsGroup Supply Chain Planning 43