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?

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

ToolsGroup

OCTOBER 14, 2024

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

The Logistics of Logistics

FEBRUARY 11, 2022

Inventory Management vs. Warehouse Management. Original article: Inventory Management vs. Warehouse Management. That may be because a company might already have an inventory system and wonders what additional capabilities they will get with a new WMS. Inventory Management vs Warehouse Management: Main Differences.

Inventory Management Software 182

Inventory Management Software Inventory Management Warehousing Inventory 182

Supply Chain Shaman

APRIL 15, 2020

This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Figure 1 shows a market-by-market planning model by a sinus drug manufacturer. This type of planning needs to be deployed by all consumer manufacturers.

Supply Chain Planning Software 439

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 439

Logistics Viewpoints

JANUARY 6, 2025

Molex is a global electronics manufacturer that makes and sells over 100,000 distinct products – connectors, cable assemblies, and a wide variety of other products. 18,000 suppliers ship 70,000 different types of parts to 72 Molex manufacturing plants across the globe. The company uses a process monitoring tool called Celonis.

Supply Chain Transformation 286

Supply Chain Transformation Supply Chain Software Purchasing Training Buyer Training 286

DELMIA Quintiq

APRIL 6, 2020

In any regular year, manufacturers of seasonal foods such as ice cream, beer and BBQ meat have to deal with uncertainty because consumption of their products are highly dependent on food trends and the weather. Demand planning, however, gets even tougher for manufacturers with the COVID-19 outbreak in 2020.

Scenario Planning 296

Scenario Planning Supply Chain Planning Software Food Modeling 296

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. The first story is about a large regional food manufacturer.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

ToolsGroup

APRIL 13, 2020

Rafael: It has been a really helpful tool with which to go through this crisis. We have 135 restaurants, four distribution centers, and we also manage three manufacturing facilities, with more than 5,000 SKUs, and we deliver to each restaurant up to three times a week. Decisions were made within 24 hours.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Optimization 296

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. Read more HERE.

Inventory Reduction 177

Inventory Reduction ToolsGroup Waste Reduction Price Reduction 177

Logility

MAY 10, 2022

Smart inventory allocation and deployment starts with the right digital supply chain platform. For most businesses, the past two years have been a much-needed teaching moment on the state of their inventory planning, tracking, and management capabilities. Decades-old, tried-and-true rules ?

Optimal Sourcing 173

Optimal Sourcing Optimization Software Inventory Reduction Supply Chain Planning Software 173

DELMIA Quintiq

APRIL 30, 2020

Many manufacturers depend on impacted networks for their supplies and the strain on planning organizations is jeopardizing business continuity. What are some of the ways that manufacturers might improve their resilience, to address the crisis today and also to prepare for the recovery and the future?

Supply Chain Planning Software 285

Supply Chain Planning Software Scenario Planning Supply Chain Planning Industrial 285

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.

Modeling 156

Modeling Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 156

Logistics Viewpoints

MAY 30, 2022

The company engages in contract manufacturing services for companies. Then Jabil handles the sourcing and manufacturing of those products. Using a contract manufacturer allows companies to focus on their core competencies, which usually are not designing a product for manufacturing, production, or supply chain management.

Supply and Demand 55

Supply and Demand Supply Chain Planning Software Scenario Planning Supply Chain Design Software 55

DELMIA Quintiq

APRIL 16, 2021

For many shop floor work centers this may be having shadow boards or tool trays with custom cutout areas for the specific tools. DELMIA Webinar on Battery Cell Manufacturing. Retailers must deliver on-time while monitoring inbound/outbound activities to reduce inventory and contain fulfilment costs.

Supply Chain Planning Software 59

Supply Chain Planning Software Optimization Software Aerospace Gartner 59

ToolsGroup

NOVEMBER 23, 2021

As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. Use analytics to put your available inventory to the best use. You’re not powerless against supply chain disruptions! ?

Supply Chain Planning Software 291

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 291

DELMIA Quintiq

MAY 11, 2022

The production of steel is an energy-intensive manufacturing process and the amount required for it is typically generated by burning fossil fuels whose carbon emissions further contribute to the global climate crisis. The graphic above highlights key metals manufacturing trends that are in place today. Technological challenges.

Material Savings 317

Material Savings Supply Chain Planning Software Optimization Software Analytics Software 317

Supply Chain Shaman

JUNE 3, 2024

similarly, over 95% of manufacturers invested and implemented supply chain planning, but their primary tool today is Excel. How does the plan tie to the balanced scorecard of growth, inventory health, operating margin, customer service, and Return on Invested Capital (ROIC)? ” Does the Dog Hunt? (The Makes sense.

Supply Chain Planning Software 341

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 341

ToolsGroup

APRIL 20, 2023

By implementing ToolsGroup Service Optimizer 99+ (SO99+) , Gaviota has achieved the supply chain trifecta – lower inventory, higher service levels, and improved operational performance. The company manages a portfolio of over 40,000 products, many of which are seasonal and involve heavy industrial processes. “We

Supply Chain Planning Software 156

Supply Chain Planning Software Inventory Reduction ToolsGroup Supply Chain Planning 156

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. In that case, the short-term forecasts can be improved.

Supply Chain Planning Software 304

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 304

Supply Chain Shaman

NOVEMBER 21, 2023

I worked three layers down in the organization for a well-established leader in manufacturing named Dan. Dan had a very manufacturing view and Fred focused on logistics. In the early 1980s, As a result, we did not have a perpetual inventory signal. As a result, inventories ballooned after the DRP implementation.

Supply Chain Planning Software 337

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 337

ToolsGroup

SEPTEMBER 13, 2023

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. What is High Performance Inventory?

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. Ipsen also need to reduce their lead times.

Customer Service 246

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 246

Logistics Viewpoints

OCTOBER 17, 2024

Or they may have expertise in manufacturing processes and have flexible capacity to allow contract manufacturing for new product introduction. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing.

Manufacturing Procurement 280

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 280

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. In short, they help users make better decisions, much faster, resulting in improved financial performance, inventory efficiency, and customer satisfaction. Get the insights you need.

Real-time Visibility 295

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

Logility

MAY 25, 2023

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. This is where inventory control techniques come in.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Inventory Optimal Sourcing 130

Logistics Viewpoints

FEBRUARY 16, 2021

In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. What is supply chain visibility? Agility to act on transparency.

Supply Chain Visibility 319

Supply Chain Visibility Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning 319

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. DHL developed a tool based on machine learning that analyzes 58 parameters of technical data to predict air transit time delays up to a week in advance.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

ToolsGroup

JANUARY 16, 2023

In a world of too little, too late, real-time data provides the actionable insights companies need to maximize inventory performance and business profitability. The highly scalable platform processes and analyzes data quickly and applies configuration to provide actionable views of inventory.

ToolsGroup 156

ToolsGroup Real-time Visibility Optimal Sourcing Supply Chain Planning Software 156

ToolsGroup

APRIL 17, 2024

In the fashion retail sector, the implementation of conversational AI tools and Gen AI for personalized recommendations is widespread, reflecting a strategic focus on enhancing customer interactions and driving sales. Intelligent Systems : Harnessing AI for robot programming and embracing 3D technology to optimize manufacturing processes.

Supply Chain Design Software 294

Supply Chain Design Software Waste Reduction Supply Chain Planning Software Inventory Reduction 294

Supply Chain Shaman

APRIL 30, 2020

The global economy rebound from COVID-19 hinges on the discovery and manufacture of an effective vaccine. However, supply chain leaders well understand that drug discovery, manufacturing, and distribution are all necessary to deliver the vaccine to a willing arm. Use network design tools to continually redesign and align.

Supply Chain Design Software 355

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 355

SCMDOJO

OCTOBER 15, 2024

After all, it is not just a tool to streamline the cash process but it inevitably contributes to the growth of the business. The Cash Conversion Cycle greatly impacts businesses that deal with inventories. It is a useful tool for determining the holistic status of the financial aspects of the company.

Inventory Management Software 98

Inventory Management Software Optimization Software Negotiating Skills Supply Chain Software 98

SYSPRO Smarter ERP

JULY 2, 2024

AI for manufacturers Using artificial intelligence (AI) in manufacturing can significantly improve productivity, reduce equipment failure, increase production efficiency and help identify new business opportunities. That indicates that manufacturers who adopt AI early could achieve a significant advantage over laggards.

Manufacturing 105

Manufacturing Prescriptive Analytics Software Modeling Software Inventory Management Software 105

Logistics Viewpoints

FEBRUARY 20, 2024

Supply chain network design (SCND) is a powerful tool for improving business operations. The requirement to constantly switch sourcing has major implications: procurement is negatively impacted by volatile volumes and manufacturing is affected by changing regional permits for labeling. But it has gaps.

Sourcing Strategies 294

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 294

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. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Logistics Viewpoints

DECEMBER 12, 2022

This manufacturer produces plastic reusable material handling containers and plastic fuel tanks. They also are also one of the largest distributor in the US of tools, equipment and supplies for the tire and wheel service industry. Our main contract manufacturing is done in Milpitas, CA – near our headquarters – by Flex.”

Supply Chain Planning Software 256

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 256

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. Or planned orders to purchase orders?)

Supply and Demand 384

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 384

Logistics Viewpoints

SEPTEMBER 19, 2023

Management practices such as lean manufacturing and just-in-time inventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. Metrics such as lead-times, forecast accuracy, inventory levels, and service are used to measure operational risks. are most exposed to risk?

Supply Chain Design Software 280

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 280