ToolsGroup

OCTOBER 14, 2024

At ToolsGroup, we provide cutting-edge AI and machine learning solutions to enhance supply chain resiliency and efficiency. Belcorp: A Supply Chain with Countless Moving Parts Belcorp is a beauty corporation with a mission to provide beauty products that answer to a variety of individuals’ needs.

Modeling 156

Modeling Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 156

Supply Chain Shaman

MAY 1, 2023

My primary insight is that many of the technology initiatives that were underway at the start of the disruption did not serve us well. This includes digital supply chain transformation and Enterprise Resource Planning (ERP) upgrades. In contrast, those who outperformed were better at strategy and aligned with outcomes.

Inventory Reduction 248

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 248

Logistics Viewpoints

AUGUST 29, 2024

In the dynamic landscape of modern supply chains, one of the key challenges is the efficient management of resources to eliminate waste and enhance overall productivity. Another key strategy is right-sizing cartons to match the specific dimensions of the products being shipped. With 90% of items shipped in the U.S.

Waste Reduction 252

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 252

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. Once you’ve created a digital twin of your physical supply chain, you can manipulate and experiment with the data.

Supply Chain Optimization 163

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

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 98

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 98

ToolsGroup

MARCH 30, 2022

Nespresso’s complex coffee supply chain. 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. What drove Nespresso’s supply chain planning project?

Supply Chain Planning Software 317

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization 317

SCMDOJO

NOVEMBER 20, 2024

Excessive and obsolete inventory can cause a business to fail. One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 52

Logistics Viewpoints

JULY 30, 2024

But shippers looking to avoid disruptions and ensure that tight inventory levels don’t lead to missed sales opportunities pulled their orders forward. As companies look ahead to the next three to six months, they’re weighing costs, risks, and demand as they plan and adapt their inventory strategies.

Inventory Reduction 234

Inventory Reduction Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 234

Logistics Viewpoints

OCTOBER 23, 2024

This requires a thorough readiness assessment, selection of appropriate technology, and careful integration with existing business processes. It is crucial to assess the organization’s technological infrastructure, supply chain processes, and compliance frameworks to ensure they are aligned with DPP requirements.

Resource Reduction 244

Resource Reduction Vendor Strategies Inventory Reduction Price Mitigation Strategies 244

ToolsGroup

JANUARY 15, 2024

BOSTON & LONDON — January 15, 2024 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite.

Inventory Reduction 177

Inventory Reduction ToolsGroup Waste Reduction Price Reduction 177

ToolsGroup

SEPTEMBER 13, 2023

It’s the typical supply chain refrain. 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.

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

ToolsGroup

NOVEMBER 19, 2024

This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels. This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Inventory Reduction 156

Logistics Viewpoints

JUNE 4, 2024

With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.

Inventory Reduction 238

Inventory Reduction Supply Chain Planning Software Waste Reduction Inventory 238

ToolsGroup

SEPTEMBER 30, 2024

CAGR from 2024 to 2032 , the aftermarket sector is becoming more competitive, especially with the rise of electric vehicles (EVs), increasingly sophisticated technologies, and fluctuating customer demands. This shift has led to a growing need for agile inventory management and quick delivery systems. billion by 2032, growing at a 3.5%

Manufacturing Procurement 156

Manufacturing Procurement Optimization Software Supply Chain Planning Software ToolsGroup 156

Logistics Viewpoints

JULY 25, 2024

Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article comes from Joan Lim, Senior Manager, Product Marketing at Oracle and looks at the intersection of autonomous supply chains and sustainability.

Supply Chain Software 251

Supply Chain Software Waste Reduction Supply Chain Optimization Resource Reduction 251

Precoro

OCTOBER 28, 2024

In this article, we explore what SRM software is and discuss proven strategies for efficient partnerships with suppliers. Moreover, we offer recommendations for the five best supplier relationship management software solutions to help companies on this journey. Crafting tailored strategies for different supplier segments.

Procurement Solutions 64

Procurement Solutions Supply Chain Planning Software Supply Chain Network Software Optimization Software 64

My Office Apps

OCTOBER 14, 2024

Navigating the Complex World of Logistics: Strategies for Success The effectiveness of your logistics can mean the difference between skyrocketing profits and lost opportunities in a world where everything is connected more and more. Key Strategies for Effective Logistics Management 1. What is Logistics Management?

Inventory Reduction 81

Inventory Reduction Cost Reduction Strategies Vendor Strategies Price Mitigation Strategies 81

ToolsGroup

APRIL 4, 2023

By land, by air, by sea – transit organizations know the competition is fierce for retaining customer loyalty, requiring inventory management strategies that balance consumer needs with sustainability initiatives and business goals. These companies understand that one bad experience could jeopardize future sales.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

Logistics Viewpoints

FEBRUARY 3, 2022

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Why tell this story?

Inventory Reduction 318

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 318

The Logistics of Logistics

JUNE 14, 2024

trillion distortion inventory problem. Karl is the CEO and Co-founder of Pull Logic , an AI-enabled tech company focused on reducing lost sales for retailers, brands, and manufacturers due failure points in the supply chain and selling processes. Karl Swensen and Joe Lynch discuss solving the $1.8 Summary: Solving the $1.8

Inventory Reduction 227

Inventory Reduction Inventory Inventory Management Software Modeling 227

Logistics Viewpoints

FEBRUARY 20, 2024

Supply chain network design (SCND) is a powerful tool for improving business operations. It can be used to solve a wide variety of supply chain problems. Simulation techniques can fill those gaps and allow for a more holistic view of a company’s supply chain. But it has gaps.

Sourcing Strategies 261

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 261

RFgen

NOVEMBER 13, 2024

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software 66

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 66

ToolsGroup

MARCH 15, 2023

ABC inventory classification has been around so long that most planners just assume it’s the only way to segment your inventory. It’s actually a throwback from technology developed during the 1960s that hasn’t responded to the orders of magnitude increase in computer power that has enabled far better ways of solving the problem.

Inventory Reduction 156

Inventory Reduction Inventory Management Software Modeling Inventory Management 156

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. The need for better inventory control is critical for companies who want to deliver for customers and maximize profits, despite market volatility and disruption.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

The Logistics of Logistics

OCTOBER 30, 2023

Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. acquired by SAP).

Optimal Sourcing 244

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 244

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

ToolsGroup

NOVEMBER 12, 2024

QKS Group , a global advisory and research firm, evaluates vendors for its SPARK Matrix™ based on two key criteria: technology excellence and customer impact. We are honored to be recognized by QKS as a technology leader in their analysis of the retail and supply chain markets,” said Inna Kuznetsova, CEO of ToolsGroup.

ToolsGroup 156

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

ToolsGroup

DECEMBER 2, 2021

There’s been a lot of change in how we view supply chain demand forecasting: we moved from a focus on supply—what and how much to supply or replenish—to the demand-driven supply chain, which placed too much emphasis on the intermediate goal of an accurate demand forecast. Image source: Stefan de Kok.

Inventory Reduction 156

Inventory Reduction Waste Reduction Resource Reduction Forecasting 156

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 173

Logistics Viewpoints

NOVEMBER 18, 2024

Schneider Electric has been working to simplify its supply chain over the last few years. This French public multinational was selected as having the best global supply chain by a leading analyst firm. Schneider Electric’s supply chain operation is of great interest to other practitioners.

Supply Chain Design Software 204

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 204

Loginext

NOVEMBER 14, 2024

Supply chain management software helps restaurants reduce food waste, optimize inventory, and improve margins by streamlining ordering, forecasting demand, and cutting costs The post Supply Chain Management Reduces Food Waste, Improves Margins. appeared first on loginextsolutions.com.

Waste Reduction 85

Waste Reduction Inventory Reduction Cost Reduction Strategies Food 85

Logility

JULY 22, 2024

With approximately 95% of American households relying on products like recyclable aluminum foil, self-sealing wax, freezer paper, disposable bakeware, trash liners, and more, this organization strives for continuous improvement in their supply chain. But what are they really chasing?

Continuous Improvement 203

Continuous Improvement Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 203

Logistics Viewpoints

JANUARY 18, 2024

Consequently, everyone asserts they are utilizing AI, and those in the supply chain world are no exception. How will it address “the world hunger problem” in supply chains, particularly in the context of supply chain planning? How can AI contribute to end-to-end decision automation?

Supply Chain Software 281

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 281

The Logistics & Supply Chain Management Society

APRIL 15, 2021

With a network technology layer in place, the key idea is that you begin moving business functions onto the network over time in a systematic way that matches your priorities—while retaining the best of your legacy systems. This unlocks enormous value as you eliminate time lags, lower costs, and slash inventory buffers across the network.

Inventory Reduction 259

Inventory Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 259