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The Counterintuitive Truth About Inventory Optimization

ToolsGroup

Equally perplexing is inventory optimization. Many assume that increasing inventory is necessary to improve service levels. But businesses that get inventory optimization right can boost service levels by 3-5% while reducing overall inventory by 15-30%. Doesnt reducing inventory hurt service levels? Wait, what?

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Spare Parts to Profits: Strategic Inventory Mastery

ToolsGroup

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Organizations require robust inventory management systems capable of handling diverse parts throughout their lifecycle.

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The Costly Oversight: Why Your Inventory Rebalancing Strategy Is Failing You

ToolsGroup

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.

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ToolsGroup Unveils Inventory.io to Deliver AI-Powered Inventory Optimization for Retailers

ToolsGroup

New solution debuting at NRF 2025 reduces stockouts and markdowns, driving profitability BOSTON January 13, 2024 ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of Inventory.io, an AI-powered solution designed to simplify inventory management and enhance profitability.

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The Current and Future Use of Gen-AI in Supply Chains

From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*.

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Inventory Everywhere, But Not the Right Product to Ship

Supply Chain Shaman

Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation. Next steps?

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Streamlining Warehouse Operations with Mobile Inventory

RFgen

Introduction Inventory management is the backbone of a successful supply chain operation, but it’s often a source of persistent frustration. Mobile inventory management offers a transformative solution, providing the real-time data and streamlined workflows needed to optimize operations and gain a competitive edge.

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How Does Your Inventory Optimization Process Compare to Peers?

Take it now to see how your inventory optimization process scores and benchmark it against peers. Are You Betting on the Right Tools to Succeed in 2021? The 15-question assessment takes only 5 minutes to complete. Responses are aggregated and kept anonymous. We hope it serves as a thought-provoking exercise to improve your approach! -->

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5 Powerful Prescriptive Analytics Examples in Supply Chain

Inventory optimization. Supply chain, with its complex planning questions, is typically an area where optimization technology is required. Read about 5 use cases. Supply Chain Network Design. Sales and operations planning (S&OP). Sales and Operations Execution (S&OE). Warehouse optimization.

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Complimentary Gartner Report: Improve S&OP Decision Making with Scenario Planning

How to articulate scenarios for portfolio planning, network, inventory, and more. The paradigm shift happening in S&OP and pain points experienced by SCP leaders. Assessing risks, opportunities and business impact with scenarios. Defining indicators to monitor changes in scenarios.

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Digital Transformation: Why You Can’t Afford to Wait

Topics cover: How disruption is redefining the manufacturing industry Prioritizing business and technology strategies Balancing immediate pain points with future-focused initiatives that build resilience Mastering inventory, cycle times, and cost-to-serve Agile problem-solving and continuous transformation

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Just In: Inventory Optimization Research

How are organizations performing on inventory optimization? Inventory: asset or liability? Although nobody could have predicted the degree of disruption most companies experienced last year, the pandemic did expose the many challenges organizations face when it comes to inventory. How can new technologies help your team improve?

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How to Tackle Today's Most Complex Inventory Challenges

Speaker: Andrew Kurpiel - AmerCareRoyal | Bill Benton - GAINS | Paul Benhamou - Benco Dental

By targeting inventory investments and regulating service expectations, their inventory optimization activities have improved performance. Join three supply chain experts as they share their best practices and effective strategies for facing today’s most complex inventory challenges.

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Mastering Order Management: Backorders & Out-of-Stock Inventory

This brief video explores some of the primary drivers of inventory issues – and how modern technology and best practices can mitigate these issues and ensure a superb customer experience. The unfortunate truth is that you will always have low stock and backorder issues with your supply chain.

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5 Steps to 100% Inventory & Asset Accuracy: A Warehouse Manager’s Guide to RFID

The guide is “5 Steps to 100% Inventory & Asset Accuracy.” What's your inventory accuracy? We’re excited to share a guide created in collaboration with our partners at Zebra and T&W Operations, experts in RFID Smart Solutions. What's inside the eBook? Case study: Military contractor saves time & money