ToolsGroup

MAY 30, 2024

Over the last few weeks, we’ve explored the problems retailers face with promotions, examining diminishing returns in a promo-saturated market , misaligned pricing and discounting strategies and confusing markdown problems and promo problems. You’re left with unsold stock, reduced margins and potentially a tarnished brand image.

Inventory Reduction 156

Inventory Reduction Waste Reduction Price Reduction Price Mitigation Strategies 156

DELMIA Quintiq

NOVEMBER 17, 2020

From raw material procurement to final product sales, these supply chains’ ability to minimize inventory through product life cycle controls and facilitate prompt product supply is every bit as important as product differentiation strategies. The establishment of efficient global supply chains has become critical to competitiveness.

Optimal Sourcing 296

Optimal Sourcing Manufacturing Procurement Supply Chain Optimization Supply Chain Planning Software 296

Logistics Viewpoints

MARCH 25, 2021

Global trade regulations and conflicts, as well as tariff threats as a political tool, could cut off sources and markets and push your business plan into the red. Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed.

Supply Chain Planning Software 325

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

ToolsGroup

NOVEMBER 23, 2021

7 practical strategies to minimize risk and manage supply chain shortages. The following strategies, based on data, analytics, and collaboration, are helping planners around the globe overcome a disrupted supply chain. Use analytics to put your available inventory to the best use. Get your product portfolio in shape.

Supply Chain Planning Software 291

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

Supply Chain Shaman

APRIL 15, 2020

While a reboot of a computer rstarts the machine to eliminate the in-memory processing, a reformat erases everything on the computer and starts again. There is pent-up demand for teeth cleaning, hair cuts, and elective surgery. Demand latency reduction—time to detect market consumption—will be vital to the supply chain recovery.

Supply Chain Planning Software 440

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

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. 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

Logistics Viewpoints

JULY 6, 2022

I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. Retailers’ Inventories – Just Keep your Returns? Unfortunately, I am unsure about the order of magnitude or the duration of these inventory mismatches. Here’s my take on the topic.

Inventory Reduction 291

Inventory Reduction Inventory Retail Purchasing Skills 291

Logistics Viewpoints

DECEMBER 2, 2021

import volumes still climbing (see Figure 1), limited processing capacity at key West Coast ports and the International Longshore and Warehouse Union (ILWU) contract expiring next summer, importers will be scrambling to maintain the inventory they need to support the demand increase.

Predictive Analytics Software 337

Predictive Analytics Software Predictive Analytics Waste Reduction Cost Reduction Strategies 337

Logistics Viewpoints

OCTOBER 15, 2024

In the 1940s, Gujarat’s dairy farmers united against exploitative pricing by private firms, led by Verghese Kurien. This laid Amul’s foundation, empowering farmers with fair prices and delivering quality dairy products to consumers at affordable rates. This empowers them to have a stake in the business and share profits.

Optimal Sourcing 265

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 265

Logistics Viewpoints

OCTOBER 18, 2024

Successive governments have determined that applying zero duty on wine is the best strategy to help winemakers keep producing and selling. It may seem like a small detail, but wine has multiple component costs that affect the total price—such as production, land, labor, and oak barrels. Descartes’ CEO Edward J.

Price Reduction 239

Price Reduction Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 239

Logility

MAY 17, 2023

The urgent need for supply chain resiliency is increasing interest in onshoring, reshoring, and nearshoring strategies. By leveraging a comprehensive platform companies can review scenarios through the lens of advanced demand, inventory and manufacturing planning optimization capabilities,” Henriott said.

Vendor Strategies 170

Vendor Strategies Cost Reduction Strategies Price Reduction Inventory Reduction 170

Logistics Viewpoints

AUGUST 1, 2024

According to Bloomberg , the coffee supply chain is struggling with constrained supply and increase in prices is inevitable. They design their supply chain on a continuous basis and focus on ecommerce retailing strategies that segment their customer base according to buying behavior.

Modeling 283

Modeling Network Optimization Supply Chain Design Software Material Savings 283

The Logistics of Logistics

SEPTEMBER 25, 2023

Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. About Paul Noble As Founder and Chief Strategy Officer of Verusen, Paul Noble oversees the company’s vision and strategic direction.

Optimal Sourcing 265

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 265

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 360

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 360

ToolsGroup

SEPTEMBER 26, 2023

It can ingest massive amounts of internal and external data and process it within the unique algorithmic engine to deliver easy-to-apply recommendations on how to optimize inventory levels, streamline supply chains, and maximize revenues. How Does EvoAI work? Retailers that can’t quickly adjust to the unexpected don’t survive.

Prescriptive Analytics Software 296

Prescriptive Analytics Software ToolsGroup Supply Chain Planning Software Analytics Software 296

ToolsGroup

JUNE 17, 2021

In a recent digital transformation in supply chain planning study conducted by CSCMP and ToolsGroup, 45% of respondents said the pandemic caused supplier instability/shifts and 30% were struggling with staffing shortages/reduced productivity, while 45% indicated demand for their products and services had increased at the same time.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

ToolsGroup

APRIL 17, 2024

This embrace is happening across various facets of the industry, from organizational structures and logistics to sales strategies, design innovations and communication channels. Better Inventory Management : With a unified view of inventory across all channels, retailers can ensure effective stock control and minimize waste.

Supply Chain Design Software 294

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

Logistics Viewpoints

MAY 10, 2021

Following their fourth quarter results, top executives talked about their supply chain and omnichannel strategy at a high level. This new infrastructure will allow the retailer to expand ecommerce assortment while reducing both shipping time and cost. But there is tension between price leadership and service.

Supply Chain Planning Software 259

Supply Chain Planning Software Supply Chain Software Supply Chain Transformation Inventory Reduction 259

Freightos

JANUARY 15, 2024

It may be off a lower-than-normal base price but for importers and exporters suffering from lower sales, it’s almost certainly troubling news. The decrease in logistics costs led 35% of importers to lower their product prices, possibly contributing to the easing of inflation rates.

Negotiating Skills 317

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction Strategies 317

Logistics Viewpoints

DECEMBER 14, 2022

This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. As a result, inventory managers have to explore new ways to cope with full warehouses. Unconventional solutions to excess inventory challenges. The answer goes beyond standard inventory management.

Inventory Management Software 223

Inventory Management Software Inventory Management Inventory Reduction Inventory 223

ToolsGroup

OCTOBER 14, 2024

At ToolsGroup, we provide cutting-edge AI and machine learning solutions to enhance supply chain resiliency and efficiency. Belcorp’s demand planning and inventory management were challenged in many ways. This process is essential, as it forms the foundation for defining the optimal inventory level to achieve the highest service level.

Modeling 156

Modeling Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 156

Logility

NOVEMBER 13, 2020

As such, c ausal f orecasting is much more than basing inventory positions and replenishment schedules on shipment data. Inventory increased as overall customer service levels fell, and margins are set to erode as product is put on clearance. . To avoid this happening , a deeper understanding of causal factors is needed.

Forecasting 246

Forecasting Forecasting Software Supply Chain Planning Software Price Reduction 246

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Just take a look at pricing fluctuations for Suntory’s Yamazaki 12 Year Old. Their “overperformance” quickly prompted accusations of profiteering or price manipulation, and even a couple government inquiries. And if not, why have prices been skyrocketing when demand is not? Is ocean freight pricing broken?

Purchasing Skills 217

Purchasing Skills Price Reduction Freight Supply Chain Software 217

Logistics Viewpoints

OCTOBER 17, 2024

Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital. They are no longer just vendors of goods and services.

Manufacturing Procurement 248

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 248

Freightos

JULY 24, 2024

Higher ocean freight costs have forced SMB retailers to adjust their pricing strategies. Approximately half of the respondents have increased their product prices due to the spike in freight rates. To mitigate the impact of ocean logistics disruptions, many businesses (42%) have shifted some of their goods to air cargo.

Price Reduction 308

Price Reduction Supply Chain Strategy Cost Reduction Strategies Resource Reduction 308

ToolsGroup

DECEMBER 17, 2024

According to McKinsey & Company and BoF Insights State of Fashion 2025 report, achieving Inventory Excellence is a critical priority for retailers aiming to remain profitable amidst these economic challenges. engines have achieved profit increases of 12% on average, driven by a 25% reduction in stockouts and a 20% increase in turns.

ToolsGroup 156

ToolsGroup Inventory Reduction Price Reduction Cost Reduction Strategies 156

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 285

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 285

BlueYonder

AUGUST 20, 2024

Unfortunately, the pressure to meet demand often leads to reactive strategies that can damage brand reputation and bottom line. Retailers must ensure that product information, pricing, inventory levels, and returns processes are consistent across all platforms.

Sourcing Strategies 114

Sourcing Strategies Inventory Reduction Price Reduction Cost Reduction Strategies 114

Logistics Viewpoints

JUNE 30, 2022

With our supply chains clogged and retail inventories piling up, we have a situation wherein the huge imbalances between demand and supply at the product mix level can have an adverse impact on product availability for B2B and B2C companies alike, especially as we start heading to the holiday season. Not really. in October 2021. A ratio of 1.5

Supply Chain Planning Software 253

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 253

ToolsGroup

JUNE 6, 2024

In the bustling world of retail, promotions are often the heartbeat of market strategy, vital for drawing in customers, boosting sales and elevating brand presence. Another common goal of retail promotions is to clear slow-selling or excess inventory. Yet, despite best-laid plans, many of these promotions miss the mark.

Price Reduction 177

Price Reduction Inventory Reduction Retail Procurement Solutions 177

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 285

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 285

ToolsGroup

MAY 23, 2024

The second blog examined how misaligned pricing and discounting strategies can lead to promotional failures. In this post, we will explore how retailers often struggle to differentiate between markdown problems and promo problems, leading to suboptimal strategies and margin erosion.

Price Reduction 156

Price Reduction Inventory Reduction Cost Reduction Strategies Retail 156

ToolsGroup

DECEMBER 11, 2023

BOSTON and LONDON – December 12, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce to has been named a technology leader in the in the SPARK Matrix™ analysis of Intelligent Retail Pricing and Promotion Optimization (IRP&PO) by Quadrant Knowledge Solutions (QKS).

ToolsGroup 156

ToolsGroup Price Reduction Optimization Software Modeling 156

Supply Chain Shaman

APRIL 30, 2020

The companies are just not good at managing inventories and orchestrating distribution strategies. Reduce Complexity. Move slow-moving specialty items to e-commerce and reduce the complexity of the in-store shelf. Localize supply—design inventory strategies to include buffer strategies. Promotions.

Supply Chain Design Software 355

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

Logistics Viewpoints

JANUARY 12, 2024

In 2023, Amazon experimented with new logistics strategies and technologies to quickly fulfill and deliver orders, and these changes paid off big. The faster delivery times this year specifically may be attributed to changes in Amazon’s logistics strategy. Walmart unleashes ‘largest drone delivery footprint of any U.S.

Logistics Network Optimization Software 291

Logistics Network Optimization Software Price Reduction Inventory Reduction Resource Reduction 291

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. At Event Network, we aim to optimize the retail potential of experiential attractions.

ToolsGroup 296

ToolsGroup Prescriptive Analytics Software Supply Chain Planning Software Modeling 296

Logistics Viewpoints

DECEMBER 18, 2024

The transition to renewable energy and the adoption of sustainable practices are now essential for reducing environmental impact, ensuring regulatory compliance, and maintaining competitiveness. Reducing dependency on fossil fuels can mitigate these risks and improve operational predictability.

Optimal Sourcing 143

Optimal Sourcing Material Savings Supply Chain Design Software Supply Chain Planning Software 143