ToolsGroup

APRIL 26, 2023

Retail customers need more than just an omnichannel experience. They need retailers to deliver dynamic, unified commerce experience. To guarantee customer-centric experiences across every retail channel, retailers need to create agile, resilient operations to adapt to changing consumer behaviors.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

ToolsGroup

MARCH 1, 2018

Many retailers consider competing against Amazon their biggest challenge. While the impact of Amazon is real, it is only a thread in the larger retail competition tapestry. Amazon offers breadth, but brick and mortars offers “now”, and a tactile consumer shopping experience is still a retailer’s greatest asset.

Inventory Reduction 189

Inventory Reduction Retail Inventory Supply Chain Planning Software 189

Supply Chain Shaman

SEPTEMBER 22, 2024

He shared that he worked for a freight forwarder providing supply chain planning services for a major retailer. Companies speak about moving from a functional metric focus to managing corporate metrics, but this does not happen. However, many teams need to reskill to talk the language of value-based metrics to meet this goal.

Cost Reduction Strategies 378

Cost Reduction Strategies Waste Reduction Inventory Reduction Supply Chain Planning Software 378

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

Logistics Viewpoints

JUNE 1, 2023

Retailers know firsthand how quickly the market can change. Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. The retailers feel the impacts of the recession fast and deeply.

Supply Chain Planning Software 218

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 218

ToolsGroup

MARCH 3, 2022

Retail is detail. And there is a lot of ‘detail’ for retailers to manage and factor into the business every day. Despite knowing all this, too many retailers ignore the impact of weather and this adds error to plans and demand forecasts. How Weather Influences Retail Demand. It all evens out in the end.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

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

BlueYonder

OCTOBER 21, 2024

Dynamic Inventory and consumer visibility The consumer experience has certainly advanced from the early days of e-commerce, where you’d often only find out at checkout whether an item was in stock. The low-tech approach to combat inventory uncertainty is by simply over-investing in inventory. In the U.S.

Supply Chain Planning Software 74

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Waste Reduction 74

ToolsGroup

FEBRUARY 16, 2022

Retail planning customers can isolate, measure, and manage the influence on weather on their businesses. This added insight ultimately results in increased forecast accuracy, more optimized inventory, and fewer lost sales as a result of sales-driven weather volatility. About Planalytics. Planalytics, Inc. About ToolsGroup.

ToolsGroup 177

ToolsGroup Procurement Analytics Predictive Analytics Analytics Software 177

Locus

MAY 20, 2024

If there is one industry that continues to scale robustly, it is Retail. A recent survey forecasts that retail sales will soar to $32.76 As retailers prepare to navigate this vast sea of potential sales, understanding the intricate world of logistics becomes imperative to streamline operations and enhance efficiency.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Inventory Reduction Cost Reduction Strategies Retail 98

GlobalTranz

JUNE 14, 2017

There is no easy way to say it; single-channel retail is dead. The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. Inventory Accuracy. This is a simple key performance indicator (KPI), another name for metrics, to track. Vendor Fill Rate. Order Accuracy.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Inventory Turns and Sales-to-Inventory Ratio. DSO – Days Sales Outstanding.

Manufacturing Procurement 111

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 111

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. That’s why you need to closely measure metrics such as gross margin return on investment (GMROI).

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Enterra Insights

JUNE 25, 2019

Retail Shrinkage is a serious retail challenge, especially when its causes can’t be accurately determined. For the last few years, inventory shrinkage has annually cost U.S. retailers just under $50 billion combined. ” Regardless of how inventory is lost, shrinkage costs retailers a lot of money.

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Inventory Vendor Strategies 100

ToolsGroup

DECEMBER 16, 2021

And one thing’s for sure: Retail is not for the faint-hearted. Retailers face more competition than ever before due to the evolution of technology that has morphed the traditional shopping experience from being purely physical into the digital and omnichannel realm. Why does open-to-buy matter to retailers?

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

Logistics Viewpoints

DECEMBER 14, 2021

According to OECD, during the pandemic, brick-and-mortar retail services such as food services saw 7.7% drop in sales while non-store retailers (mostly E-Commerce providers) achieved 14.8% Inventory Optimization. Inventory Optimization involves decisions about the inventory level, the location, and the mix of products.

Supply Chain Planning Software 220

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 220

ThroughPut

JUNE 5, 2024

Vendor-managed inventory (VMI) is a collaborative supply chain management strategy where the vendor (supplier) manages the inventory levels at the customer’s location. This management involves the vendor monitoring stock levels, forecasting demand, and replenishing inventory. How does VMI work? What is the purpose of VMI?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies 52

SCMDOJO

AUGUST 15, 2024

Retail supply chains are complex networks that require seamless coordination among various stakeholders, including suppliers, manufacturers, and logistics providers. By leveraging dedicated email hosting services, retailers can enhance their communication efficiency, ensuring that vital information flows smoothly across the supply chain.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Software Analytics Software Forecasting Software 98

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

Logility

AUGUST 7, 2017

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. Functionally isolated metrics lead to sub-optimized supply chain performance.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

Logistics Viewpoints

OCTOBER 14, 2024

Solvoyo has a metric they call the user acceptance rate. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. You set a target inventory level. That’s an action.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Planning Procurement Analytics Scenario Planning 238

crisp

JUNE 6, 2024

Crisp’s semantic layer transforms disparate retail data into a common language, fueling a new era of CPG intelligence. For CPGs, retail data holds the key to informed decision-making across the enterprise. This eliminates the need to recreate metrics and definitions in each tool, saving valuable time and resources.

Waste Reduction 52

Waste Reduction Inventory Reduction Modeling Software Resource Reduction 52

The Logistics of Logistics

JUNE 23, 2022

What Shippers and Retailers Need to Know for Peak Season Planning 2022. Original Article: What Shippers and Retailers Need to Know for Peak Season Planning 2022. In addition, retailers are struggling to move inventory initially ordered in the first quarter of 2022 to make way for back-to-school and holiday merchandise.

Supply Chain Planning Software 239

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 239

Logility

JUNE 2, 2020

The fundamental challenge in retail is one of balance. The sheer complexity of modern omni-channel retailing makes this difficult. Given how critical this balance is, I am amazed when I hear many retailers rely on a combination of spreadsheets and assumptions to drive the plan. Frequent Shopper. Market specialists.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Retail Scenario Planning 130

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

crisp

OCTOBER 21, 2024

Retail data is a necessary foundation for CPG operations and decision-making, providing suppliers with crucial visibility into real-time retail and inventory movements across thousands of touchpoints. With structured data as the foundation, AI enables smarter, faster decision-making across the enterprise.

Procurement Analytics 40

Procurement Analytics Analytics Software Predictive Analytics Analytics 40

BlueYonder

FEBRUARY 19, 2024

As grocery retail value chains have innovated past new challenges, increased value chain integration asks a relevant and timely question: is it time for retail value chains to behave and operate as one single ecosystem ? Aligning the grocery retail ecosystem around real-time inventory marks the initial stride.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Waste Reduction Inventory Reduction 52

ToolsGroup

JANUARY 15, 2024

BOSTON – January 15, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports. The software company earns Leadership recognition in supply chain planning and demand planning across regions.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply and Demand 177

ToolsGroup

MAY 2, 2024

Boston, MA – May 2, 2024 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is thrilled to announce that it has been recognized as a Leader in seven separate G2 Spring 2024 reports. Customer reviews consistently rank ToolsGroup highly in G2’s Supply Chain Planning and Demand Planning Categories.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply and Demand Supply Chain Software 156

Logistics Viewpoints

JANUARY 23, 2024

Last week I attended the annual National Retail Federation (NRF) Big Show in New York City. The usual themes were still very present as solution providers and retailers alike were more than happy to talk about omni-channel, mobility, robotics, and machine learning, to name a few.

Supply Chain Planning Software 241

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 241

Supply Chain Shaman

JULY 19, 2020

The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. Stop the Focus on Functional Metrics.

Supply Chain Design Software 417

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 417

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. This would be a three-way tradeoff.

Supply Chain Planning Software 267

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 267

Kinaxis

MARCH 22, 2017

But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. Implementing inventory optimization. It’s certainly no walk in the park.

Optimal Sourcing 196

Optimal Sourcing Supply Chain Optimization Network Optimization Inventory Reduction 196

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 98

Logility

JANUARY 4, 2022

The partnership enables Logility customers to layer in Planalytics’ predictive demand metrics to better understand impacts across their customer base and proactively capitalize on sales opportunities created by favorable weather while mitigating risks when demand is negatively impacted. ATLANTA – Jan. 4, 2022 – Logility, Inc.,

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Supply Chain Shaman

FEBRUARY 1, 2024

Optimization engines to improve functional metric performance resulted in an exploding number of planners. Let’s take a couple of examples: Retail Available to Promise (ATP). A major retailer has 33 instances of Manhattan. Rolling up a perpetual inventory signal takes eleven hours. On average, it takes 2.8

Supply Chain Planning Software 345

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 345