by ToolsGroup Finstock | Mar 24, 2021 | Blog, inventory optimization, multi echelon inventory optimization
The subway system is the lifeblood of New York City, pre-COVID carrying an average of 5.5 million people per day in 6,684 cars across 472 stations1. Each station is part of a larger system and operates on a set schedule under one management umbrella. Imagine what...
by ToolsGroup Finstock | Mar 3, 2021 | Blog, demand forecasting, inventory optimization, supply chain planning
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. While sophisticated...
by ToolsGroup Finstock | Feb 23, 2021 | Blog, inventory optimization, supply chain planning
What’s the difference between traditional inventory planning and inventory optimization? Anyone can come up with a plan. The real challenge is making sure it’s a good plan. Optimizing your inventory is a different beast than simply planning your inventory. If my time...
by ToolsGroup Finstock | Jan 26, 2021 | Blog, demand planning, inventory optimization, machine learning, supply chain planning
ToolsGroup is how organizations achieve their target service levels while optimizing inventory—no matter how complex their supply chain is or how much demand changes. That way, they can be ready for anything. What makes ToolsGroup different? 1. Probabilistic...
by ToolsGroup Finstock | Dec 1, 2020 | Blog, demand forecasting, inventory optimization, supply chain planning
Remember 12 months ago, when we were all merrily celebrating Thanksgiving and starting our Christmas shopping, blissfully unaware of what was awaiting us just around the corner in 2020? No one could have predicted the year we’ve had, and now our 2021 plans are infused...
by ToolsGroup Finstock | Dec 1, 2020 | Blog, demand planning, inventory optimization, machine learning, supply chain planning
With Service Optimizer 99+ (SO99+) ToolsGroup’s manufacturing customers commonly achieve a 10-30% reduction in inventory, improve product availability to 96% or better, and reduce overhead (such as overtime and expedited freight) by 50%. Read this infographic to learn...
