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

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. You can then take it a step further with multi-echelon inventory optimization (MEIO), which provides visibility to everything from raw materials, to finished goods.

Supply Chain Optimization 166

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

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

AIMMS

MARCH 30, 2020

Our team put several resources together to help supply chain organizations navigate through this crisis safely. . The next 2-4 weeks are critical to understand the exposure throughout your value chain, take actions to address anticipated shortages , and ensure resource requirements to restart. Ensure Resource Requirements .

Supply Chain Disruption 348

Supply Chain Disruption Supply Chain Design Software Scenario Planning Supply Chain Planning Software 348

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. Its implementation transforms how businesses manage inventory and forecast demand, leading to streamlined and effective decision-making processes.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

Talking Logistics

SEPTEMBER 27, 2023

This includes implementing Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Demand Planning, Inventory Management, Transportation Management, and Warehouse Management applications. Over the years, they have invested in technology to streamline and automate a variety of business processes.

Case Study 299

Case Study Study Optimization Software Supply Chain Optimization 299

DELMIA Quintiq

APRIL 6, 2020

The key challenge is to not over-produce and stock up on excessive inventory , but at the same time be ready for summer by securing on-shelf availability and fulfillment. The impact on inventory and demand will depend on the extent and timing of the pandemic ending. But manufacturers still have to generate demand scenarios.

Scenario Planning 296

Scenario Planning Supply Chain Planning Software Food Modeling 296

Logistics Viewpoints

JANUARY 21, 2021

It allows shippers to reduce their operating costs, optimize capital, allocate resources more efficiently, and can lead to higher customer satisfaction, increased revenues, and even improve their competitive advantage. Companies are able to allocate resources more efficiently.

Predictive Analytics Software 359

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 359

ToolsGroup

JULY 19, 2023

A supply chain digital twin is a complete model of your supply chain that allows you to run what-if scenarios and determine the most efficient use of resources for fulfilling demand. With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before.

Real-time Visibility 295

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

DELMIA Quintiq

SEPTEMBER 16, 2021

When disruptions like unexpected shortages, scheduling slip-ups or inefficient resource allocations occur, MPS offers the ability to quickly react to changes in inventory and evaluate different alternatives for optimal production scheduling. DELMIA Quintiq Master Production Scheduling (MPS). Brian Tracy, Author and Public Speaker.

Optimal Sourcing 287

Optimal Sourcing Supply Chain Optimization Network Optimization Optimization Software 287

Logistics Viewpoints

MAY 11, 2023

In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Inventory management Another area where digital twins can be beneficial is inventory management. come with any of them. Most modern WMS’ provide forecasting and analytics.

Modeling 288

Modeling Analytics Software Supply Chain Design Software Optimization Software 288

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). The first reason is that it is a bad use of a resource. The focus on Enterprise Resource Planning (ERP) sucked up company resources. The reason? A sales person should be selling.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Logistics Viewpoints

MARCH 21, 2024

The challenges brought about by the pandemic made many rethink strategy when it came to inventory, stock on hand, secondary options and the ability to guarantee supply and resiliency. These types of technologies allow for greater visibility across all stages of the distribution process as well as more efficient use of resources.

Prescriptive Analytics Software 266

Prescriptive Analytics Software Supply Chain Planning Software Optimization Software Analytics Software 266

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

DELMIA Quintiq

JULY 7, 2021

A key challenge is to not over-produce and stock up on excessive inventory while at the same time be ready for summer by securing on-shelf availability and fulfillment. Typically, they start building inventory at the end of the year by implementing reliable demand forecasts plus sound inventory and production management.

Supply and Demand 296

Supply and Demand New Zealand Supply Chain Planning Inventory Reduction 296

ToolsGroup

JULY 28, 2023

With a complete set of out-of-the-box capabilities for demand planning, inventory optimization, and replenishment, companies experience shorter time to implement and faster time to value. ToolsGroup’s continued focus on customers has driven technological innovations that make its solutions invaluable to midmarket companies.

Gartner 290

Gartner Supply Chain Planning Software ToolsGroup Vendor Strategies 290

Logistics Viewpoints

JULY 25, 2024

Conserving resources : Automation can help in the efficient use of resources such as water, raw materials, and packaging materials. Optimizing logistics and distribution : Automation can improve efficiency by streamlining logistics, optimizing transportation routes, and reducing inventory holding costs.

Supply Chain Software 270

Supply Chain Software Waste Reduction Supply Chain Optimization Resource Reduction 270

Supply Chain Shaman

FEBRUARY 1, 2024

Rolling up a perpetual inventory signal takes eleven hours. Through the use of a NoSQL unified data model, the company is able to now move data within 15-minute increments improving the data flow for inventory availability to improve allocation and ATP processing. days to get a perpetual inventory signal and 2.2

Supply Chain Planning Software 342

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 342

ToolsGroup

SEPTEMBER 26, 2023

Fabrizio Fantini, Founder and CEO of Evo commented, “Together with ToolsGroup, we can shape the vision for the supply chain of the future – one that powers smarter supply chain decisions for human managers through optimal price and inventory calculations. Resources Learn more about this exciting partnership HERE.

ToolsGroup 296

ToolsGroup Prescriptive Analytics Software Supply Chain Planning Software Modeling 296

DELMIA Quintiq

SEPTEMBER 28, 2023

This is where inventory meets the supply chain. Some challenges in managing your supply chain during the fall festival season include hiring and retaining the workforce, ensuring inventory is plentiful, proper amount of storage and being alert for anything unexpected. How do you keep food plenty and mugs full?

Optimal Sourcing 333

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Optimization 333

ToolsGroup

SEPTEMBER 6, 2023

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Global Supply Chain Inventory Optimization (IO) vendors. In the complex world of supply and demand, inventory optimization ensures a perfect balance between having too much and not enough stock.

ToolsGroup 156

ToolsGroup Optimization Software Supply Chain Design Software Supply Chain Planning Software 156

Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. Dynamic Cross-dock allocation takes into account sales rates and current inventory at the stores.

Supply Chain Planning Software 270

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 270

Supply Chain Shaman

JANUARY 25, 2024

As my client explains that they are delaying their project to build network interoperability due to complications with their Enterprise Resource Planning (ERP) upgrade, I tap my foot and sigh. With slim margins and ever-increasing inventories, companies invested less in capital assets. Another call. Same story. I hear this story a lot.

Supply Chain Network Software 273

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 273

Supply Chain Shaman

JULY 31, 2024

In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. For additional insights check out our presentation at Informs.

Supply Chain Planning Software 323

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 323

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. The reason?

Supply and Demand 385

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 385

DELMIA Quintiq

DECEMBER 21, 2020

Quick planning in the assessment of scenarios that analyze all the important impacts within the chain, given the dynamics of new demands and restrictions each day, is possible only with systems that eliminate the need to calculate manually and in an integrated manner these points: How to distribute and supply, with how many resources, to which customers, (..)

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Modeling Supply Chain Planning 296

Logility

NOVEMBER 17, 2023

These items often exhibit sporadic and unpredictable fluctuations in demand, making traditional inventory management methods less effective. Unlike deterministic inventory models, stochastic replenishment planning acknowledges and quantifies the inherent variability and unpredictability in demand.

Modeling 203

Modeling Scenario Planning Supply and Demand Demand Planning Software 203

Logistics Viewpoints

JUNE 8, 2021

How can we strategically house inventory to better support gig integration? Where will our inventory footprint currently support gig integration? Inventory location and availability (from warehouse management software). Without availability of the right resources and facilities, even the best planning may fall short.

Supply Chain Network Software 309

Supply Chain Network Software Supply Chain Planning Software Retail Logistics Network Optimization Software 309

Logistics Viewpoints

FEBRUARY 20, 2024

Another strategy is to dedicate resources and build the best algorithm for demand forecasting. This means that pouring resources into better forecasting will not produce the anticipated result. The manufacturing capacity for each plant is the same (90K units per month), and there are no maximum inventory constraints.

Sourcing Strategies 280

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 280

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 90

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 90

Supply Chain Shaman

JANUARY 2, 2024

Many discussions focus on driving improvement through planning, yet, when I take the client case studies on the websites of leading planning technologies and map the intersection of operating margin and inventory turns, I do not see metric improvement, sustained performance, or an increase in value. True content takes time and resources.

Gartner 284

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

ToolsGroup

NOVEMBER 8, 2021

Retailers now have a powerful new arsenal of deep planning expertise to model and forecast uncertain demand, manage product life cycles and dynamically allocate inventory to raise product availability across channels. Solomon Partners and Kirkland & Ellis served as advisors on the transaction. 1 Adobe Digital Economy Index.

ToolsGroup 317

ToolsGroup Modeling Demand Management Demand Planning Software 317

Logistics Viewpoints

MAY 23, 2024

This involves setting up numerous parameters like lead times, inventory levels, production capacities, and demand forecasts, all of which must be adjusted for different scenarios. Running multiple scenarios in real-time environments can disrupt ongoing operations and strain system resources.

Modeling 263

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Optimization 263

Logistics Viewpoints

AUGUST 29, 2024

In the dynamic landscape of modern supply chains, one of the key challenges is the efficient management of resources to eliminate waste and enhance overall productivity. As a result, inventory is kept lean, and warehouse space is utilized more efficiently.

Waste Reduction 276

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 276

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. When we compare the results of P&G to its peer group for 2012-2021, P&G outperforms in inventory turns and margin but underperforms in growth and asset utilization. Was this by design? My reasoning?

Procurement Analytics 339

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 339

Logistics Viewpoints

NOVEMBER 20, 2024

Manufacturing and resource extraction activities often affect surrounding areas, requiring companies to engage proactively with residents to address concerns and mitigate negative impacts. Comprehensive health benefits further enhance workforce morale and productivity, creating a supportive environment for employees.

Waste Reduction 258

Waste Reduction Sustainability Supply Chain Design Software Resource Reduction 258

DELMIA Quintiq

APRIL 30, 2020

Production planning has always been about trying to make the “best” decision to meet demand given the constraints behind material, capacity and resources. As part of that leadership, our DELMIA Ortems solution provides the power of constraint-based, finite-capacity resource optimization, and synchronization of production flows.

Supply Chain Planning Software 285

Supply Chain Planning Software Scenario Planning Supply Chain Planning Industrial 285