ToolsGroup

JANUARY 15, 2024

Retailers can now quickly sense, predict, and respond to real-time changes in demand to better navigate market uncertainty to achieve maximum profitability. BOSTON & LONDON — January 15, 2024 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite.

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Inventory Reduction ToolsGroup Waste Reduction Price Reduction 177

ToolsGroup

JANUARY 9, 2024

BOSTON – January 9, 2024 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named a technology leader in the SPARK Matrix™ analysis of Retail Assortment and Management Applications by Quadrant Knowledge Solutions (QKS). The Quadrant Knowledge Solutions SPARK Matrix: Retail Assortment and Management Applications, Q4, 2023 includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competiti

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ToolsGroup

DECEMBER 20, 2023

BOSTON – December 20, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, and NTT DATA, a global digital business and IT services leader, have announced a new global partnership that will expand opportunities for organizations to make smart, efficient supply chain digital transformation decisions, supported by leading AI-driven technology and industry expertise.

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ToolsGroup

DECEMBER 19, 2023

ToolsGroup’s sprawling partner network celebrates a history of collaboration and innovation while springboarding into the next generation of AI-powered supply chain transformations. BOSTON – December 19, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, welcomed members of its partner ecosystem to the ToolsGroup/Engage Alliances Summit 2023 in Vienna, Austria.

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ToolsGroup

DECEMBER 11, 2023

BOSTON and LONDON – December 12, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce to has been named a technology leader in the in the SPARK Matrix™ analysis of Intelligent Retail Pricing and Promotion Optimization (IRP&PO) by Quadrant Knowledge Solutions (QKS). The Quadrant Knowledge Solutions SPARK MatrixTM: Intelligent Retail Pricing & Promotion Optimization (IRP&PO), Q4, 2023 includes a detailed analysis of glo

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ToolsGroup

DECEMBER 11, 2023

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 of alternative data, however, the wrong data granularity can undermine the ROI of data-driven management.

Purchasing Skills 156

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ToolsGroup

DECEMBER 11, 2023

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 on the customer or the supplier side.

Purchasing Skills 156

Purchasing Skills Price Reduction Manufacturing Procurement Handbook 156

ToolsGroup

DECEMBER 10, 2023

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 company that optimizes supply chain , it’s impossible to ignore his looming logistical challenge.

Modeling 156

Modeling Supply Chain Optimization Optimization Modeling Optimization Software 156

ToolsGroup

DECEMBER 11, 2023

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 pandemic.

Price Reduction 156

Price Reduction Pricing Training Modeling Inventory Reduction 156

ToolsGroup

DECEMBER 5, 2023

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 AI risk while encouraging innovation and growth.

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Innovation Policies Modeling Software Government 156

ToolsGroup

DECEMBER 5, 2023

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 Harvard Business School Professor Ayelet Israeli to write up a case on PittaRosso’s holistic approach to AI-driven pricing and promotional decisions.

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Case Study Supply Chain Planning Software Optimization Software Research 156

ToolsGroup

NOVEMBER 9, 2023

With ToolsGroup’s AI-powered demand forecasting, the plant-based food innovator revolutionizes its supply chain, maximizing accuracy, speed, and business performance. BOSTON – November 9, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is proud to announce it has been selected by Heura , a leader in next generation plant-based meat production, to help the company achieve the planning speed and accuracy necessary to transform its supply operation

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ToolsGroup

NOVEMBER 7, 2023

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+.

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Supply Chain Planning Software Optimization Software Demand Planning Software Supply Chain Software 156

ToolsGroup

NOVEMBER 7, 2023

With version 2023.3, retailers increase efficiency with even more powerful processing and time-saving automation. BOSTON — November 7, 2023 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, has announced the latest version of its JustEnough Retail Planning and Execution suite, making major advancements in its Assortment Planning and Allocation capabilities.

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ToolsGroup

OCTOBER 17, 2023

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 Fulfillment ties all of these elements together to find the absolute best fulfillment solution for each individual item.

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Network Optimization Cost Reduction Strategies eBook Optimization Software 156

ToolsGroup

OCTOBER 12, 2023

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, and deadlines – on top of the stress it can exert on teams already familiar with an existing process or solution.

Supply Chain Planning Software 156

Supply Chain Planning Software Demand Planning Software Supply Chain Software Scenario Planning 156

ToolsGroup

OCTOBER 10, 2023

This is part two of our blog series, “Dynamic Fulfillment 101.” Haven’t read part one? Click here ! Welcome back to Dynamic Fulfillment 101! Last week, we reviewed the challenges facing the retail industry and standard tech stacks in regard to expanding networks and the increasing fulfillment complexity – from proliferating fulfillment centers and rapidly shifting market conditions to built-in OMS logic designed for a different economic age.

Purchasing Skills 156

Purchasing Skills Network Optimization Supply Chain Optimization Price Mitigation Strategies 156

ToolsGroup

SEPTEMBER 26, 2023

Now that Evo is a ToolsGroup company, the big question is: “What innovation will Evo bring to the ToolsGroup offering?” While the real answer is “Plenty!”, the immediate transformation will come from the EvoAI engine, which will soon be integrated across the entire JustEnough and SO99+ product suites. What is EvoAI? EvoAI is the dynamic demand discovery technology that powers all Evo products.

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ToolsGroup

SEPTEMBER 26, 2023

ToolsGroup’s latest acquisition delivers quantum learning and advanced prescriptive analytics to strengthen its pricing, promotion, and inventory optimization solutions BOSTON and LONDON – September 27, 2023 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, announced today the acquisition of Evo , a provider of artificial intelligence (AI) and machine learning (ML) solutions for business performance optimization.

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ToolsGroup

SEPTEMBER 19, 2023

BOSTON – September 19, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, and Abercrombie & Fitch Co. (A&F Co.) , a leading omnichannel specialty retailer of apparel and accessories, are excited to announce an exclusive discussion highlighting A&F Co.’s partnership and use of ToolsGroup solutions to enhance customer experiences.

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ToolsGroup

SEPTEMBER 18, 2023

We recently had the opportunity to sit down with Inna Kuznetsova, three-time winner of the Food Logistics and Supply & Demand Chain Executive’s Women in Supply Chain award. Over the course of her career, Inna has occupied multiple positions of leadership within the technology and supply chain arenas. She has a history of lending her considerable experience and unique perspective to pioneering new initiatives, strategies, and methodologies.

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ToolsGroup

SEPTEMBER 18, 2023

This award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network. BOSTON — September 18, 2023 — Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, and Supply & Demand Chain Executive, the only publication covering the entire global supply chain, named ToolsGroup CEO, Inna Kuznetsova ,

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software ToolsGroup Supply Chain Planning 156

ToolsGroup

SEPTEMBER 6, 2023

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Global Supply Chain Inventory Optimization (IO) vendors. ToolsGroup, with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact. Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioni

ToolsGroup 156

ToolsGroup Optimization Software Supply Chain Design Software Supply Chain Planning Software 156

ToolsGroup

AUGUST 10, 2023

Garrett Brands implements AI-powered supply chain planning to bring its classic flavors to a growing customer base. BOSTON – August 10, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is proud to announce it has been selected by Garrett Brands LLC , LLC, dba Garrett Popcorn Shops and Frango Chocolate, to support its increasing growth while achieving its high standards for product freshness and customer satisfaction.

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ToolsGroup Supply Chain Planning Software Supply Chain Software Modeling 156

ToolsGroup

JULY 28, 2023

BOSTON – August 3, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named among ten Notable Vendors included in Gartner’s Midmarket Context: Magic Quadrant for Supply Chain Planning Solutions (July 2023). According to Gartner, “The SCP solution software market that supports midmarket enterprises consists of solutions that are cost-effective, user-focused and fast to deploy.

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ToolsGroup

JULY 25, 2023

After fruitful collaboration in Europe, the partners in supply chain software implementation celebrate a significant regional expansion. BOSTON and VALENCIA – July 25, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, and Lãberit , one of Spain’s leading IT companies dedicated to consulting, development, and maintenance of digital solutions for diverse industries worldwide, are proud to announce that together, they are providing award-winning supp

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ToolsGroup

JULY 19, 2023

The Italian consumer goods company applies ToolsGroup’s probabilistic forecasting and inventory optimization across its expansive network to enhance customer experience and business value. BOSTON – July 20, 2023 – ToolsGroup , a global leader in supply chain and retail planning and optimization software, is thrilled to announce it has been selected by Legami , the Italian consumer goods company, to support its supply chain enhancement initiatives for heightened customer satisfaction and business

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Supply Chain Planning Software ToolsGroup Supply Chain Planning Forecasting 120

ToolsGroup

JULY 19, 2023

The term “digital twin” is a little mysterious. And the application of one even moreso. A digital twin is a model that can be created for a number of things – a jet engine, a factory, even a human heart. But here, we’ll be talking about supply chain digital twins. A supply chain digital twin is a complete model of your supply chain that allows you to run what-if scenarios and determine the most efficient use of resources for fulfilling demand.

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

ToolsGroup

JULY 6, 2023

ToolsGroup has a long history of innovating with our customers in mind. It’s why our team and our solutions have earned the recognition of so many industry experts. It’s also why so many of our customers are eager to share their supply chain success – and have even won awards of their own in partnership with ToolsGroup! Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supply chain decision making.

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ToolsGroup

JULY 6, 2023

When ToolsGroup’s product team sat down to determine the roadmap for Service Optimizer 99+ (SO99+) going into 2023, three key themes quickly emerged: Expanding SO99’s overall visibility and transparency for our customers Better explaining what the solution does and why, all while improving overall usability Increasing the power of our back-end engines to drive better results to all users It was clear early on that we had a bevy of exciting capabilities – each mapping to one or more of these them

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ToolsGroup Modeling Forecasting Supply Chain Planning Software 276

ToolsGroup

JULY 5, 2023

Version 8.61 of the ToolsGroup supply chain planning solution enables supply chain teams to make better, more informed decisions faster BOSTON — July 6, 2023 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, has announced the latest version of its Service Optimizer 99+ (SO99+) software, building on its goals to deliver higher visibility, explainability, and usability across all of its demand and supply planning functionalities.

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ToolsGroup

JUNE 15, 2023

Gartner Supply Chain Symposium/Xpo EU 2023 has wrapped up its 3-day event in Barcelona, Spain. Featuring over 35 Gartner experts and more than 100 research-driven sessions, this year’s conference gathered over 2,000 supply chain professionals from across Europe and beyond. Our team was energized by the insightful conversations we had and sessions we attended, and we’re excited to share what we’ve learned!

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ToolsGroup

JUNE 6, 2023

Teaming up with ToolsGroup, the Italian frozen seafood company chooses AI to advance its supply chain processes and guarantee a superior consumer experience. MILAN and BOSTON – June 6, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is thrilled to announce it has been selected by D.I.MAR, an Italian leader in the frozen food industry, to heighten its supply chain performance, bolster supplier relationships, and drive enhanced business results.

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ToolsGroup

JUNE 1, 2023

ToolsGroup expands its teams to support accelerating business growth worldwide. BOSTON – June 1, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, announces the recent appointment of its new Chief Legal Officer, Catherine Sigmar , and the promotion of Sahil Gupta to Chief Product Officer. As Chief Legal Officer, Catherine will develop ToolsGroup’s in-house legal department, implementing a globally consistent strategy and aligning best practices acr

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ToolsGroup

JUNE 2, 2023

Once upon a time, the world of manufacturing was a relatively stable place. But then, supply chain disruption became the rule instead of the exception, consumers changed their tastes as often as their socks, and global competition started playing hardball. Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy.

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Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

ToolsGroup

MAY 23, 2023

ToolsGroup customer, illycaffè, will share how probabilistic forecasting supports a customer-centric planning process, helps guarantee product availability, and successfully navigates uncertainty. MILAN and BOSTON – May 23, 2023 – ToolsGroup announced today that we are exhibiting at the Gartner Supply Chain Symposium/Xpo 2023 in Barcelona, Spain, June 5-7.

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ToolsGroup

MAY 11, 2023

The innovation-focused cosmetics and aesthetic medicine laboratory teams up with ToolsGroup to advance supply chain processes, sustaining growth while maintaining high service standards. BOSTON – May 11, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been selected by mesoestetic, a global leader in the medical cosmetics and aesthetic medicine sector, to support the company’s massive business expansion while maintainin

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