ToolsGroup

In this report, we look at how companies are accelerating their digitization efforts and investing in new technologies to keep up with evolving customer behaviors and improve business performance.

Study by ToolsGroup and the Council of Supply Chain Management Professionals found only 3% of companies experienced no COVID-related business impact, while 42% say the pandemic has accelerated their digitization plan

Machine learning is a disruptive approach to forecasting, and retailers running complex omni-channel businesses in highly competitive markets must give serious consideration to machine learning based forecasting.

For retailers, the ability to capture and analyze retail data to make marketing suggestions is well recognized, however, as a transformative technology, it’s no little black dress that pulls everything together, it’s actually an accessory, and the same can be said for machine learning.

If you wish to achieve high customer service levels, you have to master the shape of the demand distribution and, in particular, its right-hand tail, you must avoid shortcut simplifications and approximations in the modeling that will prevent you from getting close to your goal.

For most businesses, the “long tail” is growing, and you don’t have to be an internet retailer like Amazon to see it, companies are dealing with more slow moving items with intermittent demand and unpredictable demand patterns.

Learn how The National Health Service, one of the biggest healthcare organization in the world, optimized its blood supply chain by leveraging data intelligence.

Surrounded by an explosion of data, most forecasting systems can’t leverage it - here’s how you can.

Nucleus Research evaluated the usability and functionality of the most influential inventory optimization (IO) solutions in the market.

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability.

Apple possibly overestimated the amount of growth it expected in early 2016, so iPhone sales are below the company’s internal estimates, and that might be a sign of trouble, or it might be a sign of overly aggressive attitudes within Apple.

There are two equally important outputs of demand forecasting and you may be focusing nearly all your energy on only one, and maybe even the wrong one.

Demand sensing tools are easing inventory burdens in many industries. Recent research points to which types of companies have been investing in those tools and when, and what kinds of results they have been seeing.