by ToolsGroup Finstock | Sep 9, 2020 | Blog, demand forecasting, inventory optimization, machine learning
How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast. They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be...
by ToolsGroup Finstock | Aug 21, 2020 | Blog, Featured
In episode three of Be Ready for Anything, hear from Alex Achour, Senior Sales Engineer at ToolsGroup, about why S&OP processes are crucial in a crisis, how to balance automation with human expertise and what to do when machine learning fails. Watch the video...
by ToolsGroup Finstock | Aug 11, 2020 | Blog
To adapt an old saying, the idea that great service should be a top supply chain priority is as universally accepted as motherhood and the dominance of the ‘92 Dream Team. In fact, it’s one of the few things people wouldn’t disagree on these days. Despite this,...
by ToolsGroup Finstock | Aug 3, 2020 | Blog, Featured
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...
by ToolsGroup Finstock | Jul 28, 2020 | Blog
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 chain transformations that for some may have been languishing in early stages. Walmart’s senior vice president of supply...
by ToolsGroup Finstock | Jul 10, 2020 | Blog, Featured
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 to...
