ToolsGroup

MARCH 18, 2025

Your Aftermarket Supply Chain is More Complex Than You Think: Stop Guessing, Start Optimizing Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Suboptimal inventory distribution: excessive stock in low-demand locations and shortages in high-demand areas.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Inventory Reduction Waste Reduction 156

Logistics Viewpoints

MARCH 6, 2025

Companies leaning heavily on global sourcing? manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Strategic moves like bulk buying, closer supplier partnerships, and syncing procurement with supply chain planning can tighten inventory, cut waste, and free up cash.

Price Reduction 200

Price Reduction Material Savings Cost Reduction Strategies Waste Reduction 200

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

Logistics Viewpoints

APRIL 2, 2025

Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.

Modeling 161

Modeling Modeling Software Supply Chain Planning Software Supply Chain Design Software 161

ToolsGroup

MARCH 14, 2025

Your Aftermarket Supply Chain is More Complex Than You Think Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Traditional supply chain planning tools fall short for several key reasons: Inability to handle intermittent demand patterns. The outcome?

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Optimization Software Inventory Reduction 156

ToolsGroup

MARCH 19, 2025

In conventional supply chain planning , planners using basic tools (typically spreadsheets or legacy systems) forecast just one number for each item. In modern distribution networks, meeting service levels requires getting precisely the right inventory to the right locations at the right time.

Forecasting 156

Forecasting Modeling Forecasting Software Supply and Demand 156

Supply Chain Shaman

APRIL 2, 2025

All our great tools in our toolbox to improve supply chain planning, but my observation is that we are trying to AI stupid. We have not designed the planning systems to serve managers, directors, and vice presidents, aiming to improve decision-making and collaboration across the source, make, and deliver processes. Let me explain.

Optimal Sourcing 195

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Design Software 195

Logility

JUNE 5, 2024

This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress. Yet, recent research suggests a more advanced approach, Multi-Echelon Inventory Optimization (MEIO), surpasses traditional methods.

Optimal Sourcing 185

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 185

Logistics Viewpoints

MAY 22, 2023

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. Do we have a demand forecasting tool in place and, if so, how good is that forecast? But optimization is much more than that!

Supply Chain Design Software 257

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 257

ToolsGroup

FEBRUARY 4, 2025

Technological Advancements Real-time inventory tracking and predictive analytics give leading firms a competitive edge. Optimize Inventory and Pricing Use AI-driven insights for stock mix optimization and dynamic pricing, reducing excess stock while meeting service level goals.

Price Reduction 156

Price Reduction Inventory Reduction Material Savings Cost Reduction Strategies 156

Enterra Insights

DECEMBER 17, 2024

Supply chain optimization is no longer about individual tools that solve individual problems. They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. ” Inventory optimization. ” Sourcing optimization.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130

Logistics Viewpoints

MARCH 27, 2025

Most supply chain and logistics teams have recognized that the only way to combat todays incredible level of uncertainty is by adopting and applying digital tools. The pace and scope of supply chain disruption are beyond human cognition, manual analysis, and consumer-grade spreadsheet tools.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Network Software Logistics Network Optimization Software Predictive Analytics Software 222

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

MARCH 17, 2025

While businesses cant predict every challenge, they can take proactive steps to anticipate disruptions and strengthen their supply chain management systems with advanced demand planning tools. Lack of preparation can lead to stockouts, excess inventory, cost overruns, and service failuresnot to mention stress and sleepless nights.

Forecasting Software 156

Forecasting Software Demand Planning Software Forecasting Supply Chain Planning Software 156

Logistics Viewpoints

MARCH 24, 2025

Customers specifically those in automotive, industrial, consumer durables, high-tech, and aerospace and defense can seamlessly connect operational, tactical, and strategic planning processes across supply chain networks to create a single source of truth for their data.

Manufacturing Procurement 148

Manufacturing Procurement Supply Chain Planning Software Scenario Planning Sourcing Strategies 148

ToolsGroup

MARCH 3, 2025

Thats why we champion a hybrid approachone that integrates probabilistic forecasting with machine learning to deliver more accurate demand predictions and optimize inventory levels in supply chain operations. A strong statistical foundation is essential to navigate the inherent unpredictability of demand.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Modeling 156

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. China was the source of over 90% of PPE.) Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements. As a result, evaluate inventory buffers, location of inventories, and the need for push/pull decoupling points. What to do?

Supply Chain Planning Software 453

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 453

BlueYonder

APRIL 3, 2025

In todays volatile retail landscape, organizations face unprecedented challenges across both category management and inventory planning. To remain competitive, retailers must embrace a comprehensive approach that taps into the synergy across all functions from category management to inventory allocation.

Supply Chain Planning Software 61

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Optimization Software 61

ToolsGroup

FEBRUARY 24, 2025

It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. Image source: Stefan de Kok 2. For example, Aston Martin faced growing demands from an international clientele and needed to improve first-time availability without increasing inventory.

Forecasting 156

Forecasting Modeling Supply and Demand Forecasting Software 156

My Office Apps

OCTOBER 21, 2024

What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. Why is Vendor Relationship Management Important? Why is Vendor Relationship Management Important?

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

Logistics Viewpoints

MARCH 25, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.

Supply Chain Planning Software 329

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 329

Logistics Viewpoints

JULY 23, 2024

Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g.,

Optimal Sourcing 306

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 306

Logistics Viewpoints

FEBRUARY 9, 2025

Large, multi-zone distribution centers demand advanced space optimization, real-time inventory tracking, and seamless coordination across multiple locations. Traditional, labor-intensive warehouses may focus more on guided workflows, labor management tools, and mobile technologies.

Supply Chain Design Software 157

Supply Chain Design Software Warehousing Procurement Solutions Optimization Software 157

ToolsGroup

APRIL 13, 2020

Rafael: It has been a really helpful tool with which to go through this crisis. If you do the math there, you have to make 748,000 inventory decisions per month. So our main task now is to consolidate all the purchase and inventory decisions in one team. Decisions were made within 24 hours. We had to close within one day.

Supply Chain Planning Software 296

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

ThroughPut

APRIL 4, 2025

In today’s fast-paced industrial landscape, managing spare parts and MRO (Maintenance, Repair, and Operations) inventory is more than just keeping shelves stocked. With effective Spare Parts Inventory Optimization , businesses can strike a balance between availability and cost, ensuring seamless operations without overburdening budgets.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Cost Reduction Strategies Waste Reduction 52

SCMDOJO

OCTOBER 30, 2024

The MTSS platform plays a pivotal role in this process by offering sophisticated tools that facilitate the customization of educational experiences. For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs.

Supply Chain Planning Software 97

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 97

RFgen

NOVEMBER 20, 2024

Think about it: How much time is wasted hunting down misplaced inventory? By replacing manual, paper-based processes with digital tools, you can transform your warehouse into a highly efficient, accurate, and connected operation. Think real-time inventory visibility across all your locations.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Waste Reduction Cost Reduction Strategies 98

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM).

Supply Chain Planning Software 323

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 323

RFgen

DECEMBER 4, 2024

In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times. Technology integration: Leveraging digital tools to enhance visibility and decision-making. An efficient procurement process optimizes vendor selection and purchasing decisions to maintain cost-effective inventory levels.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

Logistics Viewpoints

FEBRUARY 20, 2024

Supply chain network design (SCND) is a powerful tool for improving business operations. Optimal sourcing plant is different for different periods A baseline optimization model shows that depending on the period (month), the optimal sourcing location varies. Optimization and simulation are the two main branches of SCND.

Sourcing Strategies 305

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 305

AIMMS

MARCH 30, 2020

The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . There is a strategic incentive in understanding the optimal sourcing location for specific customers, and the optimal sourcing location for different resources.

Supply Chain Disruption 348

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

ModusLink Corporation

JANUARY 30, 2025

Predictive analytics tools can help identify shifts in consumer behavior, allowing businesses to respond proactively instead of reactively. Effective demand planning also optimizes inventory levels, reducing costs associated with storage and carrying inventory.

Sourcing Strategies 78

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Resource Reduction 78

RFgen

JANUARY 16, 2025

That’s where manufacturing inventory management software comes in. In this ultimate guide, we’ll break down everything you need to know about manufacturing inventory management software. Its your single source of truth for inventory, constantly updated and readily available.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 52

SCMDOJO

FEBRUARY 15, 2025

Structured methodologies, risk assessment tools, and agile frameworks allow companies to improve coordination, enhance decision-making, and ensure they remain adaptable to disruptions. These include alternative sourcing strategies, backup transportation routes, and emergency inventory reserves.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Software Modeling Inventory Reduction 91

ToolsGroup

JULY 13, 2023

A significant addition to our Inventory Hub® product, Dynamic Fulfillment leverages advanced optimization logic to determine what to ship, from where, in real-time, to reduce shipping costs, improve margins, and satisfy empowered customers. This is why ToolsGroup is thrilled to announce the launch of our Dynamic Fulfillment solution.

Optimal Sourcing 291

Optimal Sourcing ToolsGroup Optimization Software Network Optimization 291

ToolsGroup

APRIL 20, 2022

Sarah Voorhees, VP of Demand and Inventory Planning at American Tire Distributors , is one such leader who emphasizes the importance of individual check-ins: A 1:1 conversation can be intimidating, though, especially if the person has sensitive concerns. Source: Fortune. #3: Source: Fortune. Take a breather.

Sourcing Strategies 194

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194