ToolsGroup
OCTOBER 14, 2024
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively.
ToolsGroup
MARCH 12, 2025
Equally perplexing is inventory optimization. Many assume that increasing inventory is necessary to improve service levels. But businesses that get inventory optimization right can boost service levels by 3-5% while reducing overall inventory by 15-30%. Doesnt reducing inventory hurt service levels? Wait, what?
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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.
Logistics Viewpoints
MARCH 26, 2025
They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Excess inventory, stockouts, and increased transportation expenses are common consequences of outdated planning methods. Amazon is a leader in AI-driven supply chain management.
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Are You Betting on the Right Tools to Succeed in 2021? Take it now to see how your inventory optimization process scores and benchmark it against peers. The 15-question assessment takes only 5 minutes to complete. Responses are aggregated and kept anonymous.
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.
Logistics Viewpoints
JANUARY 6, 2025
The tool Molex used to drive adherence to the new process was, without a doubt, a major contributor to the success of this program. The company uses a process monitoring tool called Celonis. With the tool, visibility is gained when the POs are sent out, and again when the confirmations come back in. You took 30 days.
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How are organizations performing on inventory optimization? Inventory: asset or liability? Although nobody could have predicted the degree of disruption most companies experienced last year, the pandemic did expose the many challenges organizations face when it comes to inventory. How can new technologies help your team improve?
Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP
To better prepare for the next generation of supply chain management, organizations are adopting industry-leading inventory and network optimization tools to establish sophisticated and mature supply chain digital ecosystems.
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