ToolsGroup

FEBRUARY 24, 2025

It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. Given todays volatile market conditions, companies must adopt more advanced forecasting techniques to improve resilience and customer service. Image source: Stefan de Kok 2.

Forecasting 156

Forecasting Modeling Supply and Demand Forecasting Software 156

Supply Chain Shaman

JULY 31, 2024

What is the role of make, source, and deliver? 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.

Supply Chain Planning Software 382

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 382

SYSPRO Smarter ERP

NOVEMBER 18, 2024

The data can be used to identify inefficiencies in the supply chain, improve inventory management, and streamline operations. Supply chain management The international sourcing of automotive components is now a common practice but it can still present challenges. An ERP provides a central repository for all a distributor’s data.

Automotive 98

Automotive Optimal Sourcing Purchasing Skills Manufacturing Procurement 98

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

Logistics Viewpoints

MARCH 25, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.

Supply Chain Planning Software 331

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 331

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. each with discrete plans generated typically in sequential batch runs.

Supply Chain Planning Software 288

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 288

BlueYonder

MARCH 17, 2025

They must track inventory, orders and returns in real time, at all times. And they need to manage their resources, from inventory and labor to forklifts and robotics, with incredible precision keeping all assets moving productively, while avoiding excess inventory and equipment downtime.

Optimal Sourcing 94

Optimal Sourcing Real-time Visibility Logistics Network Optimization Software Supply Chain Planning Software 94

RFgen

NOVEMBER 27, 2024

Customers expect seamless experiences, and inefficiencies can quickly erode your bottom line. It’s the key to transforming your supply chain from a source of frustration into a well-oiled, profit-generating machine. Inventory Management Systems Integrated inventory management systems use data analytics to keep ideal stock levels.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 98

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. Go to the source.

Supply and Demand 402

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 402

GlobalTranz

APRIL 20, 2021

A supply chain built for resiliency allows a company to adapt to unpredictable forces while maintaining customer service. A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation.

Supply Chain Planning Software 288

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Sourcing Strategies 288

Logistics Viewpoints

FEBRUARY 28, 2023

It is making use of inventory that is the easiest/fastest to get to the customer, no matter through which channel the order was placed. Numerous supply chain disruptions affected the ability to get inventory in time – or at all – and now that the backlog caught up, many organizations are experiencing a surplus of inventory.

Optimal Sourcing 277

Optimal Sourcing Sourcing Strategies Inventory Reduction Vendor Strategies 277

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 353

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 353

ToolsGroup

DECEMBER 16, 2019

BOSTON (December 13, 2019) ToolsGroup, a leader a global leader in supply chain planning software, has been named a leader in the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment. ToolsGroup is a global provider of service-driven supply chain planning and demand analytics software. About ToolsGroup.

Optimal Sourcing 31

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 31

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

Logility

NOVEMBER 13, 2020

You can be proactive and use c ausal f orecasting to leverage data you already own, model additional data sources that could help explain demand variability… or do nothing. . As such, c ausal f orecasting is much more than basing inventory positions and replenishment schedules on shipment data. Featured Download.

Forecasting 246

Forecasting Forecasting Software Supply Chain Planning Software Price Reduction 246

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 286

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 286

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

RFgen

DECEMBER 19, 2024

By maximizing space utilization, improving inventory control , and boosting workflow efficiency, you can unlock significant cost savings and elevate your customer service game. Operational Efficiency: See an improvement in order processing speed, enhanced inventory accuracy , and smoother picking and packing processes.

Optimal Sourcing 97

Optimal Sourcing Optimization Software Waste Reduction Inventory Reduction 97

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. This includes Slow and Obsolete Inventory (SLOB), returns, quality issues, and expired product.

S&OP 351

S&OP Supply and Demand Forecasting Supply Chain Design Software 351

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. This has forced many manufacturers to reevaluate their sourcing and pricing strategies.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

Logistics Viewpoints

APRIL 29, 2024

Ferguson provides plumbing and heating products to 9 specialist customer groups – over a million customers – in the US and Canada. The company sources goods from 36,000 suppliers out of 30 nations. Steve Banker “Better customer service is clearly one of the drivers for this project.

Supply Chain Design Software 311

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Optimization 311

Logistics Viewpoints

JANUARY 23, 2024

With its OMS, Blue Yonder is reimagining the end-to-end customer experience at all digital touchpoints. The most interesting thing that Blue Yonder is doing from an OMS standpoint is driving promising and pre-sourcing to retailers. Customers are able to make edits to an order later in the process.

Supply Chain Planning Software 303

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 303

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 290

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 290

Supply Chain Shaman

OCTOBER 5, 2021

Let’s Start With a Discussion on Inventory. When we look at table 1, we see burgeoning inventories in some industries and extreme shortages in others. We are not good at inventory management. Inventory Levels Over the Quarters of the Pandemic. Companies struggle to have the right inventories. The end result?

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 277

Supply Chain Shaman

JUNE 3, 2024

Outside-in Planning Taxonomy When testing planning effectiveness through Forecast Value-Added Analysis (FVA), Inventory Health, or Schedule Adherence, I find that for most clients that I work with, that their plans lack both feasibility and reliability. (The collaborative layer is depicted in orange in Figure 1. Makes sense.

Supply Chain Planning Software 356

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 356

ToolsGroup

APRIL 11, 2018

Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). Planners focused on their local operations or warehouses and servicing customers in their territory. It managed local inventories fed by regional warehouses and factory warehouses (See Figure 1 below). Figure 1 Source: SKF. Figure 2 Source: SKF.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 222

Supply Chain Shaman

DECEMBER 7, 2023

The ability of an organization to deliver reliable and consistent results for revenue, margin, customer service, and quality in the face of demand and supply variability. I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. Today, this is not the case.

Supply Chain Design Software 333

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 333

SYSPRO Smarter ERP

DECEMBER 13, 2021

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

Inventory Management Software 122

Inventory Management Software Inventory Management Inventory Reduction Sourcing Strategies 122

Supply Chain Shaman

NOVEMBER 9, 2014

The team was organized around the functional silos of source, make and deliver. I also believed that this company would have the best inventory and customer service. It is one of the primary reasons why nine out of ten manufacturing companies are stuck at the intersection of operati ng margins and inventory turns.”

Manufacturing Procurement 287

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 287

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 301

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 301

ToolsGroup

JUNE 15, 2020

In this step Gartner recommends you consider traditional ROI but also other areas the SCP technology could drive improvements, such as risk management and agility, customer service and growth objectives. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. All rights reserved.

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Forecasting Software 319

Logility

MAY 10, 2022

Recognized for its high-touch approach to customer service, rapid implementations, and industry-leading return on investment (ROI), Logility clients include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. Logility, Inc. Demand Management, Inc.

Supply Chain Planning Software 39

Supply Chain Planning Software Supply Chain Design Software Optimization Software Demand Planning Software 39

Logistics Viewpoints

AUGUST 2, 2021

Driver dwell is a key source of driver dissatisfaction and contributes to the driver shortage. K-C needed one solution … to understand where loads are all across the organization” based on “one source of truth.” Hot loads” allow companies to run a lean supply chain while still meeting customers’ service expectations.

Real-time Visibility 264

Real-time Visibility Shipping Sourcing Strategies Supply Chain Planning Software 264

Logistics Viewpoints

FEBRUARY 2, 2023

By integrating the solution with customer accounting systems and other billing software, such as timecards, customers can inspect current charges in real time for an accurate snapshot of present expenses leading to improved forecasting. Lastly, this single source of truth for all parties positively impacts customer relationships.

Supply Chain Planning Software 278

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 278

Logistics Viewpoints

JUNE 26, 2023

For Mars, digitalization has focused on improved customer service, cost reductions, and making their supply chain associates more productive. What a Supply Chain Digital Transformation Means Unsurprisingly, a company as large as Mars has a highly complex supply chain involving global sourcing, manufacturing, and distribution.

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 214

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 303

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. A supply chain that produces products at the same cost, quality and customer service given the level of demand and supply volatility.

Supply Chain Planning Software 329

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 329