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… Continue reading Wholesale Planning Simplified for Retailers
Category: Supply Chain Planning Blog
The Supply Chain Planning Blog keeps you up with the latest trends, research, and insights about supply chain planning, demand forecasting and inventory optimization.
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… Continue reading Key Insights from NRF 2024: Navigating the Future of Retail
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… Continue reading Customers and Analysts Recognize ToolsGroup as a Supply Chain and Retail Planning Leader
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… Continue reading Learn The Secret Psychology Of Price
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… Continue reading 5 Data Granularity Mistakes That May Cost You
How to Avoid the Most Common Pitfall of Markdowns
Why understanding the principles of price elasticity is especially critical post-pandemic This year, many companies have recognized the apparent limitations in the traditional ways we do business. Supply chains collapsed, demand became unpredictable, and enterprises worldwide are struggling. Many companies are reassessing their approaches to supply chain in response to the unpredictable results during the… Continue reading How to Avoid the Most Common Pitfall of Markdowns
Holiday Supply Chain Optimization for Us Mere Mortals
Santa has magic. Is AI our own enchanted solution It’s the holiday season, and while festivities may be muted publicly, I’ve still been enjoying lighting the tree, drinking mulled wine, and celebrating with loved ones at home. As Christmas draws near, it’s impossible not to think of Santa — and as the CEO of an AI… Continue reading Holiday Supply Chain Optimization for Us Mere Mortals
An Open Loop Is Critical for Innovative AI
How policy prototyping encourages responsible growth I’m proud to officially share with you today that Evo is an Open Loop participating company. What does that mean? Over the final quarter of 2020, Evo was a part of a team of leading AI companies in Europe brought together by Facebook that dedicated itself to developing a data-driven framework to manage… Continue reading An Open Loop Is Critical for Innovative AI
PittaRosso: Artificial Intelligence-Driven Pricing and Promotion
Evo is proud of our academic collaborations. This is a way we can conduct research with some of the most brilliant scientists and researchers around the world, as well as help prepare future business leaders for today’s increasingly competitive and customer-centric markets. That’s why Evo CEO Fabrizio Fantini jumped at the chance to work with… Continue reading PittaRosso: Artificial Intelligence-Driven Pricing and Promotion
Heura Tackles Change Management: A Start-Up’s 6 Tips for Successful Technology Implementation and Adoption
Heura® Foods was created in 2017 as a social mission-turned-business, focused on changing the current food system to one that fosters better health, nutrition, and sustainability. The company began experiencing impressive market growth and quickly recognized the need for a supply chain digital transformation, powered by ToolsGroup Service Optimizer 99+. We sat down with Daniel… Continue reading Heura Tackles Change Management: A Start-Up’s 6 Tips for Successful Technology Implementation and Adoption
Dynamic Fulfillment 101: Achieving Multiple Objectives for Better Margins
This is part three of our blog series, “Dynamic Fulfillment 101.” Missed the first two posts? Click here for part one and here for part two. Last week, we talked about the three components of cost-based fulfillment optimization – ship cost, labor cost, and expected revenue. This week, we’re going to explain how Dynamic… Continue reading Dynamic Fulfillment 101: Achieving Multiple Objectives for Better Margins
Abercrombie & Fitch Co. Shares the Top Three Keys to Successful Change Management
Monica Tatham is the Senior Director of Enterprise Business Solutions at Abercrombie & Fitch Co. She has been with the retailer for the past 16 years, leading and supporting software implementation developments for the company. Adding anything to your organization’s tech stack can be a daunting task. Change management involves many moving parts, stakeholders,… Continue reading Abercrombie & Fitch Co. Shares the Top Three Keys to Successful Change Management