Click to Play Utilizing Maps for Your Business "Maps: They're Not Just for Driving Anymore" was the title of one of the sessions at SES Chicago. It is interesting to see how maps truly have evolved and... Recent Articles Logistics Of Modern Day Outsourcing The outsourcing of logistics is really nothing new, corporations have been doing it since the 1800's choosing to use the US Pony Express over their own internal resources to ship parcels. But since the... Promote Supply Chain Security For this post I'd like to share a best practice. For the past month I've been working with IBM's internal supply chain security and compliance team. They came to... The Importance Of Forecasting In Supply Chain... Best-in-class companies in process industries are 1.5 times more likely than all other companies to be able to forecast based on attribute, according to a new report from Aberdeen Group. The study, titled "Demand...

01.09.09 ToolsGroup Launches New Supply Chain Planning Solution By Mike Sachoff ToolsGroup, a global provider of demand-driven inventory optimization solutions, has introduced a new type of supply chain planning solution that incorporates probabilistic modeling across all main supply chain functions. ToolsGroup's new S099+ SCP solution has a lower cost of ownership than traditional planning approaches and also addresses the growing problem of lumpy demand. Today supply chains are experiencing increased random behavior due to shorter product life cycles, product promotions, longer supply lines, and the current economic uncertainty. This leads to a disconnect between these detministic models and real life supply chain behavior. Users can now forgo the added cost of a separate inventory optimization module. They can achieve significant inventory optimization benefits (reduced global inventory and improved customer service) directly from a targeted, compact SCP solution. The Fundamental Server: Everything You Need Inside and Outside the Box - Learn More "Most companies don't want to buy an expensive SCP system and then an inventory optimization solution to fix it," said Joseph Shamir, CEO of ToolsGroup. "This game changing technology is perfect for companies who want affordable supply chain planning with the rapid benefits of inventory optimization." Unlike large suites with wide footprints, this SCP solution uses a tightly integrated probabilistic backbone. Instead of costantly adjusting and tweaking to accommodate the randomness of the supply chain, this new system directly address the stochastic supply chain behavior. This approach can handle the problem of intermittent or "lumpy demand." Demand buckets are getting smaller as product proliferation creates more alternatives and shorter replenishment cycles create more time slices. About the Author: Mike is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.

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