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Five Inventory Optimization Secrets for Aftermarket Parts

3 August 2020

It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence. Probability forecasting offers a more accurate[...]

Podcast: Minimizing Supply Chain Risk Amid COVID-19

Podcast: Minimizing Supply Chain Risk Amid COVID-19

In this episode of Be Ready for Anything, hear from Tommaso Chierchia, ToolsGroup’s Director of SOExpress Delivery, about the primary types of supply chain risk arising out of COVID-19, and how organizations can proactively minimize their exposure. We cover how[...]

Infographic: Machine Learning with a Human Touch

Infographic: Machine Learning with a Human Touch

There are a lot of supply chain planning solutions out there. Why choose ToolsGroup? It’s simple: Our perfect blend of technology and human expertise. The tailored guidance our clients get from our expert consultants is what makes the difference. A[...]

Get Started Using Machine Learning for New Product Forecasting

Get Started Using Machine Learning for New Product Forecasting

New product introductions (NPI) are critical to any company’s success, but many of them never become household names. In fact, it’s estimated that up to 80 percent of new product launches in the consumer packaged goods (CPG) industry fail. Adding[...]

Infographic: 6 Reasons to Use Demand Sensing

Infographic: 6 Reasons to Use Demand Sensing

We’ve created a monster. All the sophisticated tools to influence demand with pricing, new product introductions and promotions have pushed demand volatility and consumer expectations[...]

Tips for Getting Executive Buy-in for Supply Chain Planning Software

Tips for Getting Executive Buy-in for Supply...

Are you making an action plan of all the things you could do better and faster with your supply chain planning software when the next[...]

Here’s How SKF Clinched the Gartner Supply Chainnovator Award with Digital Twin

Here’s How SKF Clinched the Gartner Supply...

ToolsGroup extends congratulations to SKF, which edged out tough competition from other finalists Shell Lubricants and Siemens to win the 2020 Gartner Supply Chainnovator Award[...]

8 Considerations for Post-COVID Supply Chain Planning

8 Considerations for Post-COVID Supply Chain Planning

Dave Food, Strategy Director of Prophetic Technology, discussed in a recent webinar how companies have adapted their supply chains during this crisis, and provided guidance[...]

How Promotions Planning Software Enables Collaboration That Pays Off

How Promotions Planning Software Enables Collaboration That...

Promotions planning is challenging, but promotions planning software can help alleviate some of the common pain points companies face when they try to improve their[...]

Railroad Service Provider Nordco Stays on Track by Speeding Up Its Planning Process

Railroad Service Provider Nordco Stays on Track...

With 100 years of experience, Nordco is a veteran of the railway industry. The company provides the products and services that rail-related industries need to[...]

Resilient Supply Chains: Are We Poised for the Next Era in Planning?

Resilient Supply Chains: Are We Poised for...

Supply chain planning concepts have been around for nearly half a century, but now many converging factors and technologies are ushering in a new era[...]

Infographic: How ToolsGroup Boosts Planner Productivity

Infographic: How ToolsGroup Boosts Planner Productivity

Adding automation to supply chain planning enables planners to be more productive and improves supply chain performance. By freeing up time formerly spent on manual[...]

McDonald’s Mesoamérica Supply Chain Response to COVID-19

McDonald’s Mesoamérica Supply Chain Response to COVID-19

Businesses around the world are learning to adapt as best they can to the COVID-19 supply chain impact. Unpredictable consumer behavior in response to macro[...]

Tips to Keep Your Digital Planning Transformation on Track at Every Stage of the Journey

Tips to Keep Your Digital Planning Transformation...

The year 2020 has thrown us all for a loop, and the resulting drastic shifts in demand are motivating companies to accelerate the digital supply[...]

Podcast: Insights into Navigating COVID-19 Planning

Podcast: Insights into Navigating COVID-19 Planning

Tune into the first episode of Be Ready for Anything, ToolsGroup’s new video podcast. In this series, we’ll be interviewing industry experts about some of[...]

Highlights from ToolsGroup’s Virtual Supply Chain Conference

Highlights from ToolsGroup’s Virtual Supply Chain Conference

Earlier this week we held our annual supply chain conference, TG/20, in a virtual format in order to keep the conversation going amid the ongoing[...]

How COVID-19 Will Change Supply Chains For Good

How COVID-19 Will Change Supply Chains For...

As the COVID-19 outbreak progresses, I’ve been watching the effects on supply chains and the impact of true demand (N95 masks) versus hyped demand (toilet[...]

ToolsGroup Customers Navigate Supply Chain Planning for COVID-19

ToolsGroup Customers Navigate Supply Chain Planning for...

ToolsGroup customers around the world have had to drastically adjust their supply chain planning in response to COVID-19 demand volatility. Between restrictions on the global[...]

How to Find Business Opportunities Amid the Coronavirus Supply Chain Crisis

How to Find Business Opportunities Amid the...

Here are ideas for grasping opportunities in the midst of the Coronavirus supply chain challenges The coronavirus’ supply chain and business impacts are being felt[...]

Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

Using Digital Supply Chain Planning to Respond...

With supply chain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions. As COVID-19 continues its[...]

Is Your Supply Chain ‘Ready for Anything’?

Is Your Supply Chain ‘Ready for Anything’?

Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan[...]

19 February 2020

What Is Demand Sensing and How Do You Get Started?

What Is Demand Sensing and How Do...

“Good old supply chain. It just gets simpler every year!” … said no VP of supply chain ever. We’ve created quite a monster with all[...]

4 February 2020

Overcome Manufacturing Supply Chain Challenges with Digital Planning

Overcome Manufacturing Supply Chain Challenges with Digital...

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. With the introduction of digital supply chains,[...]

22 January 2020

Business Intelligence vs. Inventory Optimization: Are You Solving Symptoms Instead of the Real Problem?

Business Intelligence vs. Inventory Optimization: Are You...

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. I[...]

Featured Resources

eBook Why You Need to Adopt a Service-Driven Supply Chain Strategy

Executive Briefs Inventory Optimization

Executive Briefs Demand Forecasting & Sensing

Featured Resources

eBook Next Generation Retail Strategy

Executive Briefs Aftermarket & Service Parts Planning

Executive Briefs Telecom Retail Distribution

Featured Resources

Brochure Corporate Brochure

Blog What Is Demand Sensing and How Do You Get Started?

eBook How to Optimize Inventory in the Digital Age

Featured Resources

Customer story McDonald’s Mesoamérica

Video Telecom Provider O2 Drives Up Forecast Accuracy and Shelf Availability

Customer story Lennox

Sales & Operations Planning Software S&OP provides the critical link between inventory, customer service and business performance by enabling cross-functional planning and bridging the gap between strategic planning and operational execution.

Promotions Planning Software Promotions Planning gives cross-functional teams the visibility to synchronize demand shaping campaigns and promotions with supply chain operations ensuring that inventory is in the right place to meet demand on a daily basis, right down to the store level.

Production Planning Software Production Planning provides unparalleled visibility, insight and control of the entire production lifecycle to improve efficiency and quality control, and service demand.

Inventory Optimization Software Inventory Optimization factors in multiple planning variables and probabilities to generate an optimal multi-echelon inventory plan for every item in a portfolio to achieve target service levels.

Allocation and Replenishment Software Allocation and Replenishment automatically calculates optimal inventory levels for both existing and new items to create a phased, time-series plan that achieves target service levels even in the face of demand variability and distribution complexity.

Demand Planning & Sensing Software Demand Planning & Sensing automates the creation of demand plans using machine learning and by incorporating detailed short-term demand signals and demand collaboration, it reduces forecast error and optimally deploys inventory.

Planning as a Service Planning-as-a-Service provides business-focused, technology enabled resources to help customers quickly achieve value from their SO99+ implementation. It accelerates time-to-value over a traditional implement and learn approach.