ToolsGroup

OCTOBER 6, 2021

Optimization is peak efficiency, using the perfect balance of inventory and resources to service customer demand without incurring any unnecessary costs or waste. Optimizing is meaningless without an inventory optimization objective. In more buoyant times, more companies may be optimising for revenue to grab market share.

Optimization Software 266

Optimization Software Supply Chain Planning Software Supply Chain Optimization Scenario Planning 266

Logility

JUNE 5, 2024

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. Yet, recent research suggests a more advanced approach, Multi-Echelon Inventory Optimization (MEIO), surpasses traditional methods.

Optimal Sourcing 186

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 186

Logistics Viewpoints

AUGUST 9, 2022

Just last year many were chartering their own cargo ships to get all these goods to their destinations.) While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. All aboard.

Inventory Management Software 246

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 246

ToolsGroup

OCTOBER 17, 2024

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.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Expense Reduction Resource Reduction 156

ToolsGroup

JANUARY 15, 2024

Retailers can now quickly sense, predict, and respond to real-time changes in demand to better navigate market uncertainty to achieve maximum profitability. Working capital constraints are hitting retailers hard just as inventory-to-sales ratios are reaching their highest-ever levels.

Inventory Reduction 177

Inventory Reduction ToolsGroup Waste Reduction Price Reduction 177

ToolsGroup

OCTOBER 14, 2024

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. In this sector, the ability to provide timely and reliable spare parts can make or break a company’s reputation.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

Supply Chain Shaman

MARCH 21, 2024

At the time, many business leaders did not know how to type and had no idea how to use a computer. Taxonomy of Outside-in Planning Based on the Art of the Possible To accomplish this goal, we need to discard the current crawl, walk, and run models and just jump. During the 1980s, I was on a management team for a large manufacturer.

Inventory Reduction 403

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 403

Supply Chain Shaman

APRIL 15, 2020

Time to Know. Time to Act. For me, it is a heightened respect for time. For me, it is a heightened respect for time. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. As the economy shut down, I sunk in a pit of despair.

Supply Chain Planning Software 440

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 440

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. With long lead times to market, short product shelf life, and strict regulatory requirements, life science products require an exceptional digital twin.

Supply Chain Optimization 166

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

Logistics Viewpoints

JUNE 13, 2022

But rip and replace is expensive, time consuming, and risky. Their large footprint stores sell a wide variety of goods besides just healthcare items. Instead of rip and replace, why not just augment the existing solution? That means different things to different people. Isn’t there a better way? Walgreens thought so.

Supply Chain Planning Software 324

Supply Chain Planning Software Forecasting Software Demand Planning Software Puerto Rico 324

Supply Chain Shaman

MAY 24, 2024

When we compare the companies listed on the Gartner Top 25 to peer group results for the period of 2013-2023, we find that 59% of the listed companies score below their peer group on year-over-year growth, 41% below their peer group on inventory turns, and 41% fall below their peer group on Return on Invested Capital (ROIC). Does it matter?

Gartner 355

Gartner Comparison Taiwan Groups 355

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. Sounds easy, right? Leadership and S&OP? What sounds so easy is very difficult.

S&OP 349

S&OP Supply and Demand Inventory Reduction Expense Reduction 349

Logistics Viewpoints

NOVEMBER 4, 2024

Now, ML forecasting is not just monthly or quarterly; weekly and even daily forecasting is now possible. In terms of supply planning, if key parameters (like supplier lead times) are no longer correct, then the planning becomes suboptimal. AI is not a new technology in the supply chain realm; it has been used in some cases for decades.

Supply Chain Planning Software 287

Supply Chain Planning Software Modeling Optimal Sourcing Supply Chain Design Software 287

Logistics Viewpoints

JANUARY 21, 2021

” Accurate transit time predictions have become more crucial than ever given customer demands and expectations, the cost impacts of late shipments, and dynamic nature of today’s supply chains. Shippers and logistics service providers are faced with multiple challenges when trying to determine accurate shipment transit time estimates.

Predictive Analytics Software 358

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 358

ToolsGroup

SEPTEMBER 4, 2024

In the fast-paced world of retail, every decision counts—especially those related to inventory management. Stockouts are one of the most direct and visible consequences of poor inventory management. This loss compounds over time, especially during high-demand periods like Q4. So, how much are you really losing?

Inventory Management Software 156

Inventory Management Software Inventory Reduction Cost Reduction Strategies Inventory Management 156

Supply Chain Shaman

DECEMBER 28, 2020

We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade. At that time, Supply Chain 2020 seemed so far away. Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Supply Chain Shaman

NOVEMBER 21, 2023

My client attempted to have a supply chain discussion to improve flow, and his executive group just did not get it. I was promoted to run the warehouse, and at the time, I had no experience in distribution, but was asked to run the largest distribution center in the system. Sometimes, this is a tough discussion. Yes, I am that old.)

Supply Chain Planning Software 339

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

ToolsGroup

SEPTEMBER 26, 2023

The integration of Evo’s responsive AI solutions with ToolsGroup Service Optimizer 99+ (SO99+) and JustEnough® solutions will offer customers the most efficient, real-time supply chain and price optimization solution available. And Evo’s responsive AI gives us an essential ingredient to deliver the autonomous supply chain of the future.

ToolsGroup 296

ToolsGroup Prescriptive Analytics Software Supply Chain Planning Software Modeling 296

Supply Chain Shaman

SEPTEMBER 13, 2023

Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth?

Supply and Demand 385

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 385

Logistics Viewpoints

JUNE 19, 2023

These same pundits also predict that AI could lead to increases in global GDP by trillions of dollars in the same time frame. However, AI’s inability to solve the very limited problem of ensuring that inventory is located in the right place in a warehouse suggests that planners don’t have to worry too much about job security.

Supply Chain Design Software 261

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Optimization Software 261

Logistics Viewpoints

MARCH 25, 2021

There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. These are just a recent indication of the disruption from weather events and natural disasters that your supply chain may encounter. Your supply chain must be capable of adapting to all types of threats.

Supply Chain Planning Software 325

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 325

DELMIA Quintiq

SEPTEMBER 28, 2023

That makes autumn the perfect time for many to partake in their local festivals. Traditionally, festivals were held during this time of year to express appreciation for the harvest as well as wish for a good crop in the coming year. This is where inventory meets the supply chain. How do you keep food plenty and mugs full?

Optimal Sourcing 333

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Optimization 333

Logistics Viewpoints

FEBRUARY 16, 2021

With this information, are you any closer to knowing what to do about it, or have you just enriched your ability to admire your problem and see it close up? In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. Agility to act on transparency.

Supply Chain Visibility 316

Supply Chain Visibility Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning 316

Supply Chain Shaman

DECEMBER 30, 2021

When the ball drops on Times Square to welcome in 2022, the employees at the Port of Long Beach will celebrate moving 9 M TEUs in imports: a 26% increase year-over-year. As ports become more congested, lead time variability increases. As I rolled holiday cookies in my hands, I watched TV. As I watched, I shook my head. I am worried.

Supply Chain Design Software 438

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 438

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. The Apparel Industry’s Forecasting Maze Mastering the art of forecasting is critical in the apparel industry.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

Logistics Viewpoints

JANUARY 5, 2022

COVID-19 has greatly impacted supply and demand, and it’s reasonable to assume that COVID-19 impacts will be with us to one degree or another for some time. Instead, they are likely to carry higher levels of inventory as a lower cost alternative. It’s time to shift the dialog about labor in logistics.

Predictive Analytics Software 360

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 360

Logistics Viewpoints

JULY 23, 2024

At the same time, feeding your AI models too much data can also be a problem. Like Goldilocks’ quest for the perfect bowl of porridge, to leverage AI in your supply chain you need to identify which data is ‘just right’ for your business. Data is the lifeblood of AI in the supply chain. ERP, CRM, SCM), external sources (e.g.,

Optimal Sourcing 274

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 274

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. The journey for S&OP is a road with many ruts and potholes. I am also amazed. Drives Value.

S&OP 333

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

ToolsGroup

JULY 19, 2023

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. Let’s take a look at the challenges associated with digital twins and how real-time data systems are changing the game for companies looking to leverage them. Get the insights you need.

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

Logistics Viewpoints

AUGUST 2, 2021

FourKites is a leading provider of real-time transportation visibility solutions. With their transportation visibility solution they were able to see a scorecard that let them proactively see what inventory on a shipment was at risk of arriving late. Not surprisingly, many of FourKites’ users work in transportation operations.

Real-time Visibility 258

Real-time Visibility Shipping Sourcing Strategies Supply Chain Planning Software 258

Logistics Viewpoints

OCTOBER 17, 2022

They are just very costly, painful and time consuming to build. In general, to optimize across distribution, manufacturing, and logistics in an execution time frame, companies need to stitch together several solutions. The worse the disruptions, think COVID, the more money is left on the table. N-Tier Visibility.

Supply Chain Planning Software 306

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Optimization 306

ToolsGroup

JANUARY 6, 2022

Just how bad were supply chain challenges in 2021? Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan. Covid has increased the amount of time it takes for foreign imports to reach us, and has significantly raised the price of importing products. Get the Free Playbook ?.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 290

ToolsGroup

MAY 16, 2023

These often included: Collaborating more effectively with suppliers: More organizations are embracing a more holistic supply chain strategy by knowledge-sharing with suppliers to align on lead times, forecasts, and buying projections. Gartner Supply Chain Symposium/Xpo 2023 has wrapped up its 3-day event in Orlando, Florida.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

Logistics Viewpoints

JANUARY 26, 2024

The fund had a slow start with reportedly just $110 million invested into startups in its first year. I have often written about legal issues and battles in California, as the state has been in the news for its warehouse and trucking emission rules, independent contractor rules for gig workers, and union disagreements at ports.

Logistics Network Optimization Software 270

Logistics Network Optimization Software Logistics Panama California 270

Supply Chain Shaman

JANUARY 2, 2024

The time gave me a good time to reflect and finish the reports that I should have completed in the summer when I recovered from Uterine Cancer. The time gave me a good time to reflect and finish the reports that I should have completed in the summer when I recovered from Uterine Cancer. As I write, I scratch my head.

Gartner 284

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 284

GlobalTranz

APRIL 20, 2021

Even in the worst of times, a resilient supply chain bends and stretches but never snaps. To build supply chain resiliency, leaders should consider these factors: Buffer inventory and shift away from JIT.? The coronavirus disruptions highlighted the stressed nature of lean and just-in-time inventories.

Supply Chain Planning Software 288

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