AI-powered 1分钟极速赛车开奖结果查询历史+168开奖官网记录下载、现场直播结果 supply chain and retail planning to successfully navigate uncertainty

Wholesale Planning Simplified for Retailers

Optimize inventory productivity across all channels with JustEnough v2023.4 Wholesale channels are no longer a backup channel for retailers. Smart retailers are planning their wholesale channels just as strategically as they leverage storefronts and e-commerce. The challenge for retailers is that many planning tools treat wholesale as just another channel, missing the nuances that effective […]

Key Insights from NRF 2024: Navigating the Future of Retail

The curtains have closed on the National Retail Federation (NRF) 2024 Retail’s Big Show, and this year’s event has been extraordinary, with a record-breaking attendance of nearly 40,000 participants from around the globe. Surpassing the pre-pandemic levels of January 2020, NRF 2024 showcased a robust exchange of ideas, strategies, and insights that promise to shape […]

Customers and Analysts Recognize ToolsGroup as a Supply Chain and Retail Planning Leader

Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supply chain decision making. ToolsGroup Named Leader in Five G2 Categories for Winter 2024 January 2024 – ToolsGroup is proud to be recognized as a Leader in five separate G2 Winter 2024 reports. Across all […]

[On-Demand Webinar] Storm on the Horizon

Weather – it’s the variable that influences consumer demand most frequently, directly, and significantly. Join ToolsGroup and Planalytics as these two industry leaders share real-world insights on how the weather can be measured and proactively managed within supply chain planning.

Quadrant Knowledge Solutions SPARK Matrix: Intelligent Retail Pricing & Promotion Optimization (IRP&PO)

ToolsGroup Named a Technology Leader in IRP&PO According to Saad F. Shaikh, Analyst at Quadrant Knowledge Solutions, “ToolsGroup’s comprehensive retail pricing solutions utilize advanced analytics to provide retailers with a holistic view of pricing and markdown strategies and assist retailers in managing and automating pricing throughout the product lifecycle.” Download the full report!

Learn The Secret Psychology Of Price

The 5 strategic questions to design optimal price points and promotions Das Narayandas, Professor at Harvard Business School, recently told me:   Pricing is the moment of truth   100% of your revenues depend on your pricing, no matter what. By learning about the psychology of pricing, you can leverage this to your advantage, whether […]

5 Data Granularity Mistakes That May Cost You

How closely should you look at your data to maximize returns? In the age of big data, the challenge is no longer accessing enough data; the challenge is figuring out the right data to use. In a past article, I focused on the value of alternative data, which is a vital business asset. Even with the benefits […]

Evo: An In-Depth Look

Design the right assortment for the right store at the right time. Learn how Evo's groundbreaking responsive AI makes the partnership between humans and machines successful, productive, and profitable. Evo makes it simple to distill insights from vast amounts of information and inputs, processing data instantly and making optimal recommendations.

Boggi Milano Increases Sales While Reducing Inventory

Boggi Milano started as a small boutique in 1939 to become the fastest growing of premium Italian menswear fashion all over the world.  Paolo Selva, CEO, Boggi Milano: Passion, style, innovation, and quality – these are the pillars of the success of Boggi Milano. We currently have a network of about 200 stores. We operate in 30 countries. Nowadays, customers expect responsiveness, deep understanding of their personal needs, and consistently excellent service – all of which stress the traditional capability boundaries of supply chain systems. Paolo Selva: One of the secrets about success has been always listening to the peculiarities of every single and each market. Fashion is not just about design. Strategic management of the supply chain is how fashion makes or loses money. The backbone of fashion. And artificial intelligence is the next generation of technology to deliver quality and consistency in the supply chain. Fabrizio Fantini, ToolsGroup VP of Product Strategy: Boggi Milano had developed their supply chain system for well over 20 years in house, but this was not anymore fit for their rapid international growth. Boggi needed a system to adapt to changes in local demand, to predict sales, to customize their offering around the world. In short, they needed a smart supply chain system that could rebalance inventory availability in real time. The automated demand forecast of Evo Pricing uses unique assets, such as proprietary data from more than 1 billion people in the world, as well as observations of over 100 billion dollars of sales every year. Expert systems and algorithms use this data to allocate the right products to the right stores at the right time, reducing wasted overstock and freeing up faster-selling inventory, while reducing complexity in the supply chain. Building on the Microsoft stack with Azure, SQL Server, and Excel to meet and anticipate customer demand.  Fabrizio Fantini: Evo pricing builds autonomous systems that create value. Specifically, our supply chain solution can predict the demand of nearly any product and service so that we are able to optimize the right volume at the right place at the right time, every single day. And we built it on top of the Microsoft infrastructure that users are already familiar with, so it's easy to use. What we do for Boggi specifically is to help them predict how many pieces they will sell every day, for every store, for every size – so at a very, very granular level. And then based on that, we allow them to diversify their offering more, and therefore, have greater inventory efficiency. Essentially, selling more, but with less inventory overall,  based on the intuition that every store only needs a more fraction of the overall product range based on its local seasonal demand. The replenishment solution of Evo Pricing mapped out the potential sales of each location and recommended delivering higher-demand articles from the warehouse to the right stores in the right sizes.  Also, items not selling well in one location could be transferred to another store, transforming dead inventory that risked being wasted into truly profitable sales.  Fabrizio Fantini: Evo Pricing helped Boggi Milano – in just seven weeks increase – its like-for-like sales by 4%, even while reducing inventory level by 12%. Therefore, we increased the inventory efficiency of Boggi Milano. And actually, stores-to-store transfers were even more impactful, increasing sell-through by an order of magnitude (a whole order of magnitude meaning more than ten times improvement when you move something across different stores). For Boggi Milano, less really ended up being more, solving the traditional conflict between reducing inventory and increasing sales. The Microsoft powered solution of Evo Pricing fulfilled both goals at once. Within just seven weeks, it simplified inventory management, reduced over stock and fragmentation, and eased warehousing and storage issues – all while increasing full-price sell-through and revenues. Now Boggi has a faster more, agile supply chain, enabling better delivery to customer demand every day around the world. Paolo Selva: We always put a lot of focus on innovation and technology. That's reason why we have partnered up with Evo that has put AI at the core of its business.

Meet Evo Responsive AI

WIth Evo, companies can identify and implement optimal prices across their portfolios and networks. Evo builds a map of existing data such as sales, costs, customers, weather, and competitors to product recommend the optimal pricing recommendations. Using the test-and-learn approach, Evo increases forecasting accuracy and rapidly adjusting to marketplace conditions, so organizations can satisfy customers while increase inventory efficiency and profitability.