The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains. This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions. Product strategies. without being subject to tariffs.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Precoro

NOVEMBER 11, 2024

These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. The procurement department works with inventory and logistics teams to ensure that everything ends up in the right place without delays or discrepancies.

Pricing Training 98

Pricing Training Expense Reduction Price Reduction Purchasing Training 98

ToolsGroup

NOVEMBER 12, 2024

QKS Group , a global advisory and research firm, evaluates vendors for its SPARK Matrix™ based on two key criteria: technology excellence and customer impact. The QKS Group SPARK Matrix™ offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning.

ToolsGroup 156

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

Logistics Viewpoints

JANUARY 21, 2025

This architecture enables: Complex Workflow Orchestration: Multi-agent systems can orchestrate complex workflows in minutes, significantly reducing the time and resources required for complex tasks. Logistics Optimization AI Agents can analyze transportation networks, weather patterns, and other variables to optimize routes and reduce costs.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 278

RFgen

NOVEMBER 27, 2024

You’ll learn how to leverage data to streamline operations, reduce costs, improve efficiency, and exceed customer expectations. Data analytics also offers actionable insights for: Inventory Management: See stock levels across multiple locations in real-time. Ready to get started? Let’s dive in.

Optimal Sourcing 97

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 97

ToolsGroup

JULY 28, 2023

BOSTON – August 3, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named among ten Notable Vendors included in Gartner’s Midmarket Context: Magic Quadrant for Supply Chain Planning Solutions (July 2023). Magic Quadrant is a registered trademark of Gartner, Inc.

Gartner 290

Gartner Supply Chain Planning Software ToolsGroup Vendor Strategies 290

GlobalTranz

JANUARY 16, 2019

But, with a well-planned strategy, you too can reduce expenses in your workplace. Protect Inventory You can’t function as a business without a well-stocked inventory. Still, some losses are a predictable expense and you can’t entirely eliminate them. Either you reduce pay or find a way to increase work efficiency.

Cost Reduction Strategies 226

Cost Reduction Strategies Expense Reduction Waste Reduction Vendor Strategies 226

Logistics Viewpoints

OCTOBER 24, 2024

I have been to other vendors’ procurement conferences and cannot recall seeing similar functionality. The transactions are captured in the platform, eliminating “he said, she said” type arguments. However, SAP has a broader suite of collaboration solutions than other vendors.

SAP 279

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 279

Logility

MAY 5, 2023

Inventory strategies begin with an efficient network design to effectively balance your ability to accurately predict customer demand and work with suppliers to adjust orders in real time. Routine firefighting of inventory issues is a symptom of inventory strategies treated as a once-a-year exercise.

Inventory Reduction 130

Inventory Reduction Vendor Strategies Resource Reduction Price Reduction 130

Logistics Viewpoints

NOVEMBER 16, 2023

This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. Additionally, a longer lead time reduce a company’s agility, or resilience, to adapt to demand fluctuations, or other disruptions that may occur. How can you better manage lead time? To read the full article, click HERE.

Real-time Visibility 287

Real-time Visibility Material Savings Inventory Reduction Vendor Strategies 287

Logistics Viewpoints

OCTOBER 30, 2023

The project was focused on the spare parts supply chain – the delivery of car parts and aftermarket accessories to automotive dealers and repair shops across Europe from their OEM vendors as well as their own manufacturing facilities in Europe. This supply chain spanned across 24 nations. The project took close to nine months.

Vendor Strategies 299

Vendor Strategies Cost Reduction Strategies Modeling Inventory Reduction 299

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

My Office Apps

OCTOBER 25, 2024

With so many moving parts—suppliers, inventory, and logistics—distributors often find themselves stuck dealing with one crisis after another. In this article, we’ll break down the most pressing challenges and discuss how distributors can overcome them with the right strategies and technology.

Supply Chain Software 98

Supply Chain Software Forecasting Software Optimization Software Optimal Sourcing 98

ToolsGroup

FEBRUARY 3, 2025

BOSTON February 3, 2025 ToolsGroup , a global leader in supply chain planning and retail optimization software, today announced it has been positioned as a Leader in the IDC MarketScape: Worldwide Supply Chain Planning for Spare Parts/MRO Industries 2024 Vendor Assessment (Doc ID #US51541424, December 2024).

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Supply Chain Software 156

SCMDOJO

FEBRUARY 15, 2025

One of the most effective strategies for building resilience is integrating project management into supply chain operations. This proactive approach minimizes downtime, reduces financial losses, and strengthens overall operational efficiency.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Software Modeling Inventory Reduction 91

ToolsGroup

APRIL 4, 2023

By land, by air, by sea – transit organizations know the competition is fierce for retaining customer loyalty, requiring inventory management strategies that balance consumer needs with sustainability initiatives and business goals. These companies understand that one bad experience could jeopardize future sales.

Inventory Reduction 156

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 156

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 Resource Reduction Cost Reduction Strategies 98

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

FEBRUARY 9, 2025

Large, multi-zone distribution centers demand advanced space optimization, real-time inventory tracking, and seamless coordination across multiple locations. Mapping WMS Solutions to Warehouse Complexity If your warehouse complexity is low, heres the good news: you have plenty of vendors to choose from.

Supply Chain Design Software 148

Supply Chain Design Software Warehousing Procurement Solutions Optimization Software 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. By leveraging cutting-edge AI-powered solutions.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Modeling 156

ToolsGroup

JANUARY 22, 2020

In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. They want to have an aging report for inventory or a report on vendor performance. Let’s examine the first: inventory aging reports. Solve the problem first.

Optimization Software 199

Optimization Software Inventory Reduction Forecasting Software Supply Chain Planning Software 199

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. It’s vital to identify and protect critical vendors and partners that could be unwitting attack vectors. Trade disputes and tariffs.

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 319

Logility

AUGUST 4, 2023

A successful relationship with your vendor can last many years so companies may embark on supply chain planning implementations once every 10-15 years – or longer. We’re here to spill the proverbial beans – the critical success factors, or essential components, of supply chain planning vendor selection success.

Supply Chain Planning Software 206

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 206

Logistics Viewpoints

DECEMBER 5, 2023

This information is then used to develop a risk management strategy that takes into account the potential impact of different types of cybersecurity incidents. Assess Third-Party Vendors: Warehouse and DC operators often work with third-party vendors for logistics and inventory management.

Supply Chain Planning Software 300

Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software Inventory Management Software 300

Kinaxis

FEBRUARY 28, 2019

In part one of “Regaining control: Inventory management best practices” , we talked about controlling inventory, before being able to competently manage inventory. Inventory management best practices all about getting organized. Did the vendor ship the wrong item? Did purchasing order the wrong item?

Inventory Management 242

Inventory Management Inventory Reduction Inventory Warehousing 242

ToolsGroup

JUNE 11, 2019

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. This article will share five things you need to know about optimizing inventory in the digital age.

Optimization Software 244

Optimization Software Supply Chain Optimization Supply Chain Planning Software Network Optimization 244

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. That means planning, inventory, and order management must be very closely aligned and optimized.

Prescriptive Analytics Software 286

Prescriptive Analytics Software Supply Chain Planning Software Optimization Software Analytics Software 286

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. I’m glad we had our leadership and strategy in place,” Mr. Guffina said.

Supply Chain Planning Software 265

Supply Chain Planning Software Supply Chain Software Supply Chain Transformation Inventory Reduction 265

RFgen

JANUARY 8, 2025

In healthcare, efficient inventory management is paramount to patient safety. Modern medical inventory software offers a transformative solution, moving beyond outdated methods like spreadsheets and manual counts to provide real-time visibility and automated alerts.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Optimization Software Supply Chain Planning Software 52

Jaggaer

FEBRUARY 5, 2025

Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy. This helps quickly eliminate the subjectivity that could arise in manual pricing analysis. Lack of system integration – Another significant challenge is technical integration.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

ToolsGroup

JUNE 15, 2020

Step 2: Align your SCP technology plans with the business strategy & organizational readiness. For example, instead of simply stating forecast accuracy improvement as a benefit explain how this will ultimately reduce inventory and working capital and increase service levels. Want more tips on building your business case?

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Forecasting Software 319

My Office Apps

OCTOBER 14, 2024

Navigating the Complex World of Logistics: Strategies for Success The effectiveness of your logistics can mean the difference between skyrocketing profits and lost opportunities in a world where everything is connected more and more. Key Strategies for Effective Logistics Management 1. Why is Logistics Management Important?

Inventory Reduction 98

Inventory Reduction Cost Reduction Strategies Vendor Strategies Price Mitigation Strategies 98

Clear Spider

OCTOBER 21, 2024

Now’s the time for businesses to look back at the strain that rising inflation put on their supply chains and inventory management. In this blog, we’ll explain the impact of rising inflation rates on inventory and supply chain management. This has forced many manufacturers to reevaluate their sourcing and pricing strategies.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

ToolsGroup

SEPTEMBER 23, 2022

BOSTON (September 23, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a Leader in the IDC MarketScape: Worldwide Inventory Optimization 2022 Vendor Assessment. . About ToolsGroup. About IDC MarketScape.

Optimal Sourcing 31

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 31

Synovos

MARCH 5, 2024

Overhauled MRO Strategy Propels UK Food Manufacturer to Save Millions, Boost Productivity For most companies, the COVID-19 pandemic presented a significant challenge in managing operations. Stock reduction is also part of the amassed savings. Some navigated that challenge successfully. Interested in our services?

Material Savings 98

Material Savings Inventory Reduction Cost Reduction Strategies Waste Reduction 98

Logistics Viewpoints

AUGUST 31, 2023

Automating inventory and replenishment can also help avoid stockouts and missed sales opportunities. Whether retail or warehousing, that opportunity cost can add up, especially if someone finds and buys from a new vendor. How many future parts might I have purchased from this vendor? What do I mean by missed sales?

Warehousing 287

Warehousing Distribution Vendor Strategies How To 287

ToolsGroup

SEPTEMBER 6, 2023

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Global Supply Chain Inventory Optimization (IO) vendors. Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning.

ToolsGroup 156

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