Enterra Insights

APRIL 13, 2023

Although the economy has proved remarkably resilient, there are so many unknowns at play that no one can predict what future economic conditions might be. Having said that, few if any economists are predicting a bright, short-term future. The reason, she explains, is digital technology. Fortunately, data is generally available.

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

ToolsGroup

NOVEMBER 23, 2021

As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. The 2021 supply chain shortage is the story of our lives today, as the enormous bullwhip effect of COVID continues.

Supply Chain Planning Software 291

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

ToolsGroup

SEPTEMBER 22, 2020

Supply chain practitioners know trends like product line proliferation, shorter product life cycles, increased complexity, massive amounts of data and ever more demanding and unpredictable customers are accelerating. When social media product promotions overwhelm supply chains. retail stores.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

Supply Chain Shaman

NOVEMBER 3, 2015

As an analyst in the battered supply chain software market for a decade, it is fun to watch you grow. Clients buy your software because you make it real. For those who are new to reading the Supply Chain Shaman blog, let me begin my analysis with a disclaimer.

Supply Chain Design Software 0

Supply Chain Design Software Supply Chain Planning Software Network Design Software Supply Chain Software 0

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How Does AI Work?

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

ToolsGroup

MARCH 3, 2022

Science Direct ) Predictive demand analytics gives retailers the visibility they need to proactively adjust planning, allocation and replenishment decisions based on when, where, and how much changes in the weather will influence purchasing. How to Use Weather Analytics in Retail Forecasting. Download your free report ?

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

ToolsGroup

OCTOBER 3, 2022

Overcoming Retail Labor Shortages with Technology. With reports of retail layoffs and overstaffing at companies (such as Walmart and Amazon) to cover Omicron-related staffing shortages, it would appear the shortage of workers may be abating. As per a recent report by CNBC , the labor department in the United States has 5.5

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

Supply Chain Shaman

JULY 1, 2014

The curtain is rising on the third act of supply chain planning. Over the course of the last two decades, we have seen two evolutions of Supply Chain Planning (SCP) software. My goal is to enable you to be more equipped to purchase and select new forms of software for the third act. My Predictions.

Supply Chain Design Software 319

Supply Chain Design Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 319

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. Today I am writing my take on the acquisition of Terra Technology by E2open. It is a story of supply chain innovation. History of Terra Technology.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

ToolsGroup

DECEMBER 16, 2021

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. The impact of lean retail on supply chain management.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

ToolsGroup

JULY 21, 2020

A joint initiative focused on guaranteeing the availability of testing swabs through machine learning-powered demand modeling and forecasting. COPAN will implement ToolsGroup’s machine learning-augmented supply chain planning software to guarantee the availability of critical products like specimen collection devices.

ToolsGroup 31

ToolsGroup Supply Chain Planning Software Supply Chain Software Modeling 31

ToolsGroup

DECEMBER 20, 2021

Global Trade Authority Rob Garrison, CEO and Co-Founder of Mercado Labs, shares insights from over 30 years of supply chain experience working with a variety of Fortune 500 companies. Here, he explains what caused current global supply chain disruptions, and shares the five steps needed to overcome today’s supply chain issues.

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 83% of consumers with a household income of over $100,000 report that returns are important.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

ToolsGroup

JANUARY 25, 2022

Resilience and Adaptation to Outsmart Supply Chain Challenges. In his opening keynote address, Target CEO Brian Cornell said the supply chain crisis necessitates greater data transparency and analytics to win in the short term. Upstream supply visibility is crucial. Target will provide alternatives.

Waste Reduction 294

Waste Reduction Vendor Strategies Price Reduction Inventory Reduction 294

ToolsGroup

FEBRUARY 7, 2022

From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop. Love it or hate it, daily necessities need to be purchased. eCommerce Purchases and “The New Normal” Retail Categories.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

ToolsGroup

MARCH 3, 2021

When you’re perusing luxury handbags online, or testing which cocktail dress suits you the best, you probably don’t pause to consider all the supply chain complexities and analytics required to ensure the fashion items you’re craving are in-stock. shorter product life cycles, and often protracted supply lead times.

Supply and Demand 296

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 296

ToolsGroup

APRIL 3, 2023

Sahil Gupta , Chief Product Officer at ToolsGroup, shares the most important insights and takeaways from this year’s ShopTalk conference. After four days of retail insights focused on the trends, business models, and technologies that are shaping the future of retail, ShopTalk 2023 has closed a successful and illuminating conference.

Inventory Reduction 156

Inventory Reduction Price Reduction Supply Chain Planning Software Forecasting Software 156

Enterra Insights

DECEMBER 4, 2019

It’s still important, but Lauren Thomas ( @laurenthomas ) reports, “Coresight Research … says the holiday season is becoming ‘less important’ for retailers, with more shopping taking place online throughout the year. Traditionally the holiday shopping season has been a make-or-break time for retailers.

Procurement Solutions 100

Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 100

ToolsGroup

SEPTEMBER 13, 2016

In our last blog , we discussed how Amazon’s low-cost service times, and the pressure that places on supply chains. Today’s blog analyzes how to compete in this multichannel environment that requires serving the customer in ways that remove the barriers that make consumers think twice about making the purchase.

Supply Chain Software 120

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Modeling 120

ToolsGroup

MAY 9, 2024

In today’s dynamic retail landscape, promotions are undeniably a potent tool for driving sales and customer engagement. ” Rather than compelling customers to make purchases, the abundance of discounts can overwhelm them, resulting in decision paralysis.

Resource Reduction 156

Resource Reduction Cost Reduction Strategies Retail Procurement Analytics 156

ToolsGroup

JUNE 13, 2024

Deals, even artificial ones, reduce the pain of purchasing and can drive higher engagement and sales. Optimization tools like Promo AI allow you to analyze and fine-tune each aspect, ensuring that all elements work together harmoniously. The perception of a discount can be as important as the discount itself.

Price Reduction 156

Price Reduction Expense Reduction Resource Reduction Prescriptive Analytics Software 156

ToolsGroup

DECEMBER 4, 2018

Direct-to-Consumer (DTC) presents special supply chain planning challenges for both smaller microbrands (e.g., Microbrand Dollar Shave Club reached a $1 billion valuation w hen it was purchased by Unilever in 2016. But the challenge is to actually take advantage of this data to leverage their business model.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 159

ToolsGroup

JUNE 27, 2022

In this article, we’ll break down what vertical integration is, its benefits and disadvantages, its application in supply chain, and the factors to consider when deciding whether it’s the correct strategy for your company. Vertical Integration in Supply Chain: To Integrate or Not To Integrate? Some people can’t.

Price Reduction 156

Price Reduction Cost Reduction Strategies Material Savings Supply Chain Planning Software 156

ToolsGroup

MAY 11, 2020

However, like many smaller distributors, Nordco suffered from two common supply chain dilemmas. Lacking the right tools for the job. The company had no tool capable of dynamic forecasting, and the burden of accounting for fluctuations in demand fell to planners working with spreadsheets. Help Arrives.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Supply Chain Planning Procurement Solutions 156

ToolsGroup

MAY 23, 2024

Over-Reliance on Markdowns Many retailers rely heavily on markdowns, perceiving them as the primary tool to address slow-moving inventory. However, constant markdowns can condition customers to anticipate sales, leading them to defer purchases until prices drop. Let’s Chat

Price Reduction 156

Price Reduction Inventory Reduction Cost Reduction Strategies Retail 156

Supply Chain Shaman

APRIL 17, 2013

Or will companies stumble on the path by mistakenly implementing supply-centric processes and calling them demand-driven initiatives? As a writer of research on demand-driven supply chains for over eight years, I find many amusing. The market shift is towards analytics, but this new market is confusing.

Supply Chain Design Software 258

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 258

ToolsGroup

DECEMBER 16, 2021

Retailers face more competition than ever before due to the evolution of technology that has morphed the traditional shopping experience from being purely physical into the digital and omnichannel realm. In building market share and increasing customer satisfaction, there are three key benefits in utilizing open-to-buy planning software.

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

ToolsGroup

MARCH 5, 2019

Supply chain planning in emerging markets is different. Gartner analyst Debashis Tarafdar says that the large size of a country (like India, China or Indonesia) can mean “significant polarization of population between urban and rural with distinctly different buying capabilities and purchasing preferences. Transfer taxes.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 159

ToolsGroup

NOVEMBER 17, 2021

Joint Microsoft and ToolsGroup planning solution will support POOLCORP’s goals of improved service to customers and increased profitability amid demand and supply volatility. Combined with continued supply chain challenges, these trends accelerated POOLCORP’s desire to create a more robust and resilient supply network.

ToolsGroup 156

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

ToolsGroup

DECEMBER 16, 2021

After all, why pay full price when you can purchase the exact same item for less? Promotions influence both in-store and online purchases. Promotions triggered in-store purchases for 91 percent of shoppers who use in-store promotions.” – Retailmenot, Inc. The Top 20 Retail Promotion Statistics.

Retail 194

Retail Purchasing Skills Procurement Solutions Procurement Analytics 194

ToolsGroup

DECEMBER 7, 2017

By leveraging digital technology to go beyond traditional in-store shopping to offer shoppers options that meet personal preferences like click and collect and 2-hour home delivery. We’d argue that a great place to start providing a good shopping experience is to anticipate your customers’ purchases by understanding their preferences.

Waste Reduction 159

Waste Reduction Inventory Reduction Price Reduction Supply Chain Planning Software 159

ToolsGroup

SEPTEMBER 15, 2015

Most supply chain organizations recognize that their ERP solution does not deliver the functionality that they need to effectively model and plan their supply chain. So selecting a good planning software solution is critical and can drive significant value to the business. So buyers got burned.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Scenario Planning 120

ToolsGroup

APRIL 5, 2016

A few months ago we wrote about how the traditional approach to buying supply chain planning (SCP) systems is often flawed. Now a story in Canadian Business Magazine describes how supply chains can go seriously wrong and with serious consequences. The story line is essentially this. headquarters.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Software Forecasting Software Predictive Analytics Software 120

Supply Chain Shaman

OCTOBER 8, 2017

I know of few areas in supply chains discussion that raise as much dialogue or ire. ” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” Many companies implemented demand management processes as a technology project. Everyone has a bias.

Supply and Demand 157

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 157

ToolsGroup

APRIL 1, 2022

Will the supply chain ever catch a break? With every link of the supply chain impacting businesses both large and small, keeping up with the globally disrupted supply chain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged Supply Chain.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Shaman

SEPTEMBER 24, 2018

. <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. Let’s face a hard fact: the supply chain planning market is a mess. Most have purchased software, but are dependent on Excel spreadsheets.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 233

Supply Chain Shaman

SEPTEMBER 13, 2016

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). What does it take?

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195