by ToolsGroup Finstock | Dec 17, 2020 | Blog, machine learning, supply chain planning
If this challenging past year has taught us one thing, it is the value of connections–not only in our lives, but in supply chains. We saw this right at the start of the pandemic, when parts being manufactured in Wuhan province disrupted car manufacturers’ production...
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...
by ToolsGroup Finstock | Sep 17, 2020 | Blog, demand planning, inventory optimization, machine learning, supply chain planning
A reliably high service level is your advantage against the competition. Make your inventory work to your benefit with our self-adaptive demand and inventory models. By automatically defining the optimal mix of inventory across the multi-echelon supply chain to meet...
by ToolsGroup Finstock | Sep 15, 2020 | Blog, demand forecasting, inventory optimization, machine learning, supply chain planning
How has COVID-19 affected your business? Are you experiencing a change in demand given the changes to the economy and government measures? Our business fortunately hasn’t been significantly affected, aside from having our travel and events curtailed. There’s still a...
by ToolsGroup Finstock | Jun 30, 2020 | Blog, demand forecasting, Featured, machine learning, supply chain planning
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 to this already...
