ToolsGroup

OCTOBER 14, 2024

This article will examine the challenges Belcorp faced with managing its extensive product range and complex supply chain and how our solution set, which includes Service Optimizer 99+ (SO99+), Demand Planning, and the Multi-Echelon Inventory Optimization (MEIO) model, transformed their operations. It played out as follows.

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Modeling Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 156

ToolsGroup

MARCH 24, 2021

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. There are many pieces of the modern manufacturing supply chain. The basic approach to inventory optimization. This is no easy task.

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ThroughPut

MAY 9, 2024

Demand planning software is here to stay. Every major supply chain company has demand planners’ toolkits containing it. Read on to discover the top demand planning software features that will transform your supply chain operations. What is Demand Planning Software?

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ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. But manufacturers are unique. What is Manufacturing Inventory Control? What is Manufacturing Inventory Control? Do you have whiplash yet?

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The Logistics of Logistics

NOVEMBER 22, 2021

Demand Planning in VUCA Times with Ali Raza. Ali Raza and Joe Lynch discuss demand planning in VUCA times. He has managed onshore/offshore/war zone logistics as well as batch, continuous, and discrete manufacturing setups. Key Takeaways: Demand Planning in VUCA Times. About Ali Raza.

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Logility

MARCH 12, 2021

Descriptive, predictive and prescriptive analytics should be combined to optimize your demand planning processes. Better forecasting and demand planning processes, which in the past had been beset by low accuracy and poor adoption, were a priority. The A nalytics to B oost your Demand Planning.

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ToolsGroup

MARCH 16, 2023

We knew we could maintain and raise this level of service, limit waste, and improve profitability by adopting a solution that applies this innovative drive to our planning processes, streamlines collaboration, and increases forecast accuracy.”

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BlueYonder

SEPTEMBER 17, 2024

The global automative industry is undergoing a revolution, as manufacturers and consumers make the switch from internal combustion engine (ICE) models to electric vehicles (EVs). In addition, consumer preferences and demand vary greatly across global markets. It also collates risk and demand assumptions.

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QAD

MARCH 27, 2024

So far, we’ve seen how data is an integral part of the demand planning cycle. However, completing this task becomes complex when multiple systems store demand planning data. This software helps businesses keep track of raw materials, orders, cash, production capacity, purchase orders, inventory levels, and more.

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SYSPRO Smarter ERP

FEBRUARY 2, 2022

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. With companies producing more and more products worldwide, the issue of keeping track of enormous amounts of parts and materials used in the manufacturing process has grown increasingly complex.

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ToolsGroup

FEBRUARY 4, 2020

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” Excess and obsolete inventory.

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Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.

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ToolsGroup

NOVEMBER 19, 2024

This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels. ToolsGroup’s advanced supply chain planning and optimization suite will be instrumental in refining our inventory management strategy and enhancing our competitive edge.

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Logility

FEBRUARY 14, 2018

With increasing frequency, I have noticed blog posts touting the position that ‘demand planning is dead.’ Their solution: by sensing and reacting to customer demand at the point of purchase there is no longer a need for projecting demand based on history. ” And so it is with demand planning.

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Logistics Viewpoints

JULY 10, 2024

Supply chain resilience refers to planning for things that could go wrong and then creating inventory buffers or contingency plans. SCP solutions provide a solid ROI based on hitting targeted service levels with less raw material, work-in-process, or finished goods inventory.

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Unleashed

FEBRUARY 1, 2023

The onset of COVID and the rapidly changing environment of a pandemic-hit world has meant demand planning has become more difficult – and as a result, more critical – than ever. What is demand planning? Demand planning is the process of predicting what customer demand will be for a certain product.

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SupplyPike

FEBRUARY 5, 2020

What is a demand plan? Demand planning tells you how much inventory you can expect to sell, down to the regional level. Armed with point-of-sales data, knowledge of inventory issues, and accounting for anomalies, you can plan on how much product to manufacture, store in your warehouses, and ship to each region.

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ThroughPut

MARCH 24, 2024

Earlier in the day, demand planning was a guessing game that relied more on intuition, instinct, and inclination. Companies that leveraged the data they collected to enable more accurate demand planning, distinguished themselves from their competitors. Why do you Need Modern Demand Sensing to Solve Modern Problems?

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DELMIA Quintiq

JUNE 9, 2020

Global manufacturing today faces significant operational challenges. How should manufacturers adapt to meet the challenges and shift from product-centric to customer-centric operations? How should manufacturers adapt to meet the challenges and shift from product-centric to customer-centric operations?

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DynaSys

JULY 6, 2021

Demand planning helps ensure deliverability and satisfaction of your customers through a supply chain management process of forecasting and predicting demand. The goal is to find the balance between having sufficient inventory to meet your customer’s needs without having surplus. Why is demand planning important?

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Logility

DECEMBER 15, 2023

This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning. Staying competitive in this intense landscape demands finely tuned operations that are highly efficient and effective – from product concept to customer consumption.

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ThroughPut

MAY 27, 2022

Therefore, there is a need for real-time planning that not only offers a clear line of sight into all relevant internal and external influencers of demand, but also helps anticipate and drive it. In Sales: How flexible is your demand planning and order fulfillment in light of high market variances?

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ThroughPut

DECEMBER 5, 2023

Accurate demand forecasting enables businesses to optimize their production, inventory management, and pricing strategies, resulting in maximized profits and customer satisfaction. What are the Benefits of Accurate Demand Forecasting? AI and ML software help you build a data-driven supply chain.

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ToolsGroup

MAY 2, 2024

Customer reviews consistently rank ToolsGroup highly in G2’s Supply Chain Planning and Demand Planning Categories. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors and manufacturers to navigate through supply chain uncertainty.

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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. This is no easy task.

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Logility

AUGUST 12, 2021

But there is good news: a convergence of process, data, and technology provides the real-time and predictive visibility needed to optimize supply chain planning, ensuring food manufacturers can build resilience now and for the future. Preparing for Market-Driven Demand. Advanced Inventory Management.

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ToolsGroup

JANUARY 15, 2024

The software company earns Leadership recognition in supply chain planning and demand planning across regions. BOSTON – January 15, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports.

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ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

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ToolsGroup

JULY 28, 2023

With a complete set of out-of-the-box capabilities for demand planning, inventory optimization, and replenishment, companies experience shorter time to implement and faster time to value. ToolsGroup’s continued focus on customers has driven technological innovations that make its solutions invaluable to midmarket companies.

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ToolsGroup

NOVEMBER 30, 2020

With Service Optimizer 99+ (SO99+) ToolsGroup’s manufacturing customers commonly achieve a 10-30% reduction in inventory, improve product availability to 96% or better, and reduce overhead (such as overtime and expedited freight) by 50%. Reduced inventory value of safety stock on clustered items by 18%. Reporting sped up by 50%.

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BlueYonder

JUNE 6, 2022

Disconnected demand planning processes and a lack of visibility across functions. Many companies operate with multiple demand forecasts, created using manual processes and commercial-grade tools. Optimized Planning, Driven by AI. Blue Yonder demand planning will help guide YOHT’s operations in nearly 120 countries.

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Logility

OCTOBER 29, 2021

With the right technology, process manufacturing strategy, planning, and management can be simplified. Manufacturers have been through a trial by fire with supply chain disruptions and changes in demand during the past two years. 4 Digital Solutions That Address the Top Challenges for Process Manufacturers.

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DynaSys

AUGUST 19, 2021

You’ve decided to implement a demand plan and now it’s time to outline roles and responsibilities. Demand planning bridges the function between commerce and supply chain, so the question of roles and responsibilities isn’t a surprising one. Secondly, a demand planner should have the ability to analyze the historical data.

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Logility

AUGUST 31, 2022

It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supply chain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming. Inventory Optimization Challenges.

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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. This is no easy task.

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ThroughPut

OCTOBER 13, 2021

While the construction industry itself poses some unique challenges in supply chains across the world, cement manufacturing comes with its own diverse set of differentiators like the ones mentioned below: Top unique challenges of cement industry. Increasing supply chain visibility can ensure demand deliverability in two ways-.

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ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Types of Seasonal Demand.

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