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

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. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

ToolsGroup

AUGUST 20, 2021

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” This is different from problematic ABC inventory classification.

Modeling 317

Modeling Inventory Reduction Inventory Forecasting 317

ToolsGroup

JUNE 2, 2023

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

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

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

ToolsGroup

MARCH 30, 2022

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. ToolsGroup simplifies the task of creating orders for individual points of sale and monitoring inventory levels. Optimized transport.

Supply Chain Planning Software 317

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization 317

DELMIA Quintiq

SEPTEMBER 22, 2021

An increasing lineup of advanced digital solutions have given manufacturers the edge to transform and achieve better inventory control. The manufacturing industry is constantly searching for new and inventive ways to improve inventory management. Types of inventory that can be optimized.

Inventory Management Software 294

Inventory Management Software Inventory Reduction Inventory Management Optimal Sourcing 294

GlobalTranz

SEPTEMBER 11, 2017

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. Siloed Data Must Be United for True Supply Chain Inventory Optimization. Better Inventory Management Needs Complete Control.

Supply Chain Optimization 383

Supply Chain Optimization Analytics Software Optimization Software Inventory Reduction 383

ToolsGroup

FEBRUARY 23, 2021

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. Anyone can come up with a plan.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Modeling Optimization Software 156

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

The Smart Software

JULY 16, 2024

In this blog, we will explore how organizations can achieve exceptional efficiency and accuracy with AI-driven inventory optimization. Traditional inventory management methods often fall short due to their reactive nature and reliance on manual processes.

Optimization Software 105

Optimization Software Supply Chain Optimization Inventory Reduction Price Mitigation Strategies 105

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

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

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

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. Click here!

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 52

ToolsGroup

OCTOBER 25, 2022

But behind the scenes, demand planners were at work, trying to strike a balance that would help them turn a profit and meet demand without being saddled with rotting pumpkins come November 1. Read on to learn about: Seasonal Inventory and Its Application Across Industries. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

QAD

AUGUST 28, 2024

S&OP and Executive Meetings, a Necessary Tandem As mentioned in our article, “Understanding Sales and Operations Planning” , S&OP is a structured planning process that uses forecasted customer demand to drive production schedules. It is a must that C-suites who make the final decisions are involved in regular S&OP meetings.

S&OP 52

S&OP Supply and Demand Meeting Optimal Sourcing 52

RFgen

JULY 31, 2024

Inventory and warehouse performance are powerful, often underappreciated, tools for boosting customer satisfaction and increasing profitability. Effective inventory and warehouse management directly impact a business’s ability to meet customer expectations by ensuring timely deliveries, accurate order fulfillment, and reduced errors.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Supply Chain Planning Software Optimization Software 72

Logistics Viewpoints

JUNE 1, 2021

Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand.

Inventory Management Software 211

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 211

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

The Smart Software

JULY 22, 2024

Forecast-based inventory management, or MRP (Material Requirements Planning) logic, is a forward-planning method that helps businesses meet demand without overstocking or understocking. By anticipating demand and adjusting inventory levels, it maintains a balance between meeting customer needs and minimizing excess inventory costs.

Forecasting 59

Forecasting Inventory Management Software Forecasting Software Inventory Management 59

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.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Disruption Optimal Sourcing Inventory Reduction 130

ToolsGroup

AUGUST 25, 2022

BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. Amid continuous disruption and fast-changing consumer demand, inventory agility is crucial.

Optimal Sourcing 222

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 222

Logistics Viewpoints

AUGUST 9, 2022

For months, retailers have been stockpiling massive amounts of goods to meet surging consumer demand, and compensate for ongoing supply and logistics issues. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management? Complete visibility into inventory.

Inventory Management Software 243

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 243

ToolsGroup

OCTOBER 20, 2020

Equally mystifying to people is the concept of inventory optimization. I explain to people that if they’re getting this process right, overall service levels should go up by 3-5% as overall inventory levels decrease by 15-30%. – Don’t you have to raise inventory levels to guarantee service levels?” Wait, what?

Inventory Reduction 177

Inventory Reduction Optimization Software Supply Chain Optimization Inventory 177

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling 111

EMERGE App

JULY 11, 2024

With such advantages and disadvantages, management becomes more difficult, forcing managers to have an overview of the entire operation, especially the inventory management which mostly determines the progress of the project. What’s the inventory management solution for the construction business?

Inventory Management Software 98

Inventory Management Software Inventory Management Procurement Solutions Inventory Reduction 98

The Smart Software

JANUARY 4, 2024

Do MRO companies genuinely prioritize reducing excess spare parts inventory? Boardroom discussions typically revolve around expanding fleets, acquiring new customers, meeting service level agreements (SLAs), modernizing infrastructure, and maximizing uptime. From an organizational standpoint, our experience suggests not necessarily.

Inventory Reduction 105

Inventory Reduction Inventory Cost Reduction Strategies Supply Chain Planning Software 105

RFgen

MARCH 27, 2024

For any business that handles materials or fixed assets, inventory control is central to operational efficiency and customer satisfaction. To manage inventory efficiently requires technology. However, efficiency and optimization only come from advanced inventory control software. It’s a delicate balancing act.

Inventory Reduction 77

Inventory Reduction Inventory Management Software Resource Reduction Supply Chain Planning Software 77

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. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

Supply Chain Game Changer

OCTOBER 14, 2022

Featuring Our 10 Best Inventory Management Articles! Effective inventory management is one of the most important aspects of running a successful business. Good inventory management means having visibility into your inventory levels at all times, so you can make sure you have enough products on hand to meet customer demand.

Inventory Management Software 114

Inventory Management Software Inventory Management Inventory Demand Planning Software 114

John Galt

FEBRUARY 22, 2022

Well, it’s official. It’s now crucial to the survival and success of your organization that you take that long-discussed step toward advanced supply chain planning optimization.

Meeting 78

Meeting Supply and Demand Supply Chain Optimization Scenario Planning 78

StockTrim

SEPTEMBER 23, 2024

Inventory forecasting is the backbone of efficient supply chain management. Knowing when and how much stock to order ensures you meet customer demand while minimizing excess inventory and stockouts. However, what happens when you have multiple locations, each with different sales patterns and demand levels?

Forecasting 52

Forecasting Inventory Data Supply and Demand 52

My Office Apps

NOVEMBER 16, 2023

Differentiating Specialized Food Inventory Software: Beyond Standard Inventory Management Solutions Not all inventory management software is created equal. This guide illuminates the key differences between generic inventory solutions and specialized software tailored for the intricacies of the food industry.

Inventory Management Software 82

Inventory Management Software Supply Chain Design Software Optimization Software Modeling Software 82