ToolsGroup

NOVEMBER 7, 2024

As Black Friday rushes past, you may be reviewing your inventory performance, especially if certain items sold out too fast or if slow-movers are now taking up too much space. Even worse, maybe you did have inventory in your network, but it was in the wrong location to meet customer demand. If you’re left wishing you’d had a better handle on inventory, you’re not alone.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Forecasting Supply and Demand 156

ToolsGroup

OCTOBER 29, 2024

In an era of increasing environmental consciousness, the automotive industry is undergoing a transformative shift towards more sustainable practices. At the forefront of this change is the circular economy – a framework that’s reshaping not just vehicle manufacturing but the entire automotive aftermarket. This sector, encompassing parts supply, services, and repair, is now playing a pivotal role in advancing sustainability by extending product lifecycles, minimizing waste, and creating val

Automotive 156

Automotive Waste Reduction Supply Chain Design Software Supply Chain Planning Software 156

ToolsGroup

OCTOBER 17, 2024

Are you making the fatal mistake of underestimating the importance of inventory rebalancing? Many retailers treat inventory management as a mundane task rather than a strategic lever for success. This oversight can lead to hidden costs that not only erode your profits but also jeopardize your customer loyalty. It’s time to challenge your existing beliefs about inventory management and recognize how ineffective rebalancing can significantly impact your bottom line.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Expense Reduction Resource Reduction 156

ToolsGroup

OCTOBER 14, 2024

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively. Service level plays a pivotal role in the aftermarket industry, directly impacting customer satisfaction and loyalty.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

ToolsGroup

OCTOBER 14, 2024

At ToolsGroup, we provide cutting-edge AI and machine learning solutions to enhance supply chain resiliency and efficiency. In this article, I’ll discuss a case study which involved our customer Belcorp, a Latin American direct-sales beauty corporation. This article will examine the challenges Belcorp faced with managing its extensive product range and complex supply chain and how our solution set, which includes Service Optimizer 99+ (SO99+), Demand Planning, and the Multi-Echelon Inventory Opt

Modeling 156

Modeling Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 156

ToolsGroup

SEPTEMBER 30, 2024

The automotive aftermarket industry is facing a series of complex challenges as it evolves. With a projected global market value of USD 568.19 billion by 2032, growing at a 3.5% CAGR from 2024 to 2032 , the aftermarket sector is becoming more competitive, especially with the rise of electric vehicles (EVs), increasingly sophisticated technologies, and fluctuating customer demands.

Manufacturing Procurement 156

Manufacturing Procurement Optimization Software Supply Chain Planning Software ToolsGroup 156

ToolsGroup

SEPTEMBER 25, 2024

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 26, 2024 — 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 Inna Kuznetsova as one of the winne

Supply Chain Planning Software 156

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

ToolsGroup

JUNE 17, 2024

Items with intermittent, unpredictable or “long tail” demand are a growing part of business. You don’t have to be an internet retailer like Amazon to see it. Companies are dealing with more slow moving items with unpredictable demand patterns. This is making demand forecasting and inventory management more difficult, and the ability to recognize predictive demand signals more vital.

Forecasting 156

Forecasting Modeling Forecasting Software Demand Planning Software 156

ToolsGroup

SEPTEMBER 5, 2024

Q4 is the most critical time of the year for retailers. It’s the period when sales skyrocket and hitting your revenue targets becomes more important than ever. However, the key to maximizing your Q4 revenue doesn’t lie solely in marketing or pricing strategies—it starts with your inventory. Real-time inventory rebalancing is the game-changer that can help you meet customer demand precisely when it peaks.

Inventory Management Software 156

Inventory Management Software Inventory Reduction Price Reduction Demand Planning Software 156

ToolsGroup

SEPTEMBER 4, 2024

In the fast-paced world of retail, every decision counts—especially those related to inventory management. Yet, many retailers underestimate the true cost of doing it poorly. From stockouts to overstocks, these issues can silently erode profits, damaging your bottom line in ways you might not even realize. So, how much are you really losing? The Financial Impact of Stockouts When a customer walks into your store or visits your website and can’t find the product they’re looking fo

Inventory Management Software 156

Inventory Management Software Inventory Reduction Cost Reduction Strategies Inventory Management 156

ToolsGroup

JULY 30, 2024

Leading beauty retailer choose ToolsGroup to optimize inventory and automate omnichannel supply chain planning across multiple countries. MILAN, ATHENS, and BOSTON – 29 July 2024 — ToolsGroup and its Greek partner, THellas, announced that SLF Greece -a distributor of KIKO MILANO products in Greece, Cyprus, Bulgaria, and Romania- has implemented ToolsGroup SO99+ software.

ToolsGroup 156

ToolsGroup Modeling Supply Chain Planning Software Supply Chain Software 156

ToolsGroup

JUNE 18, 2024

Imagine setting out on a cross-country road trip without a destination. Sure, you might see some interesting sights along the way, but without a clear endpoint, how will you know when you’ve arrived? Now, instead picture the same journey with a specific destination in mind. Every turn, rest stop and fuel stop is planned to get you closer to that endpoint efficiently and effectively.

Optimal Sourcing 177

Optimal Sourcing Supply Chain Planning Software Price Mitigation Strategies Optimization Software 177

ToolsGroup

JUNE 17, 2024

Last week at the Gartner Supply Chain Symposium/Xpo™ 2024 conference in Barcelona, the supply chain community gathered for one of the most anticipated events of the year. Industry leaders, innovators, and professionals came together to explore the latest trends, technologies, and strategies that are shaping the future of supply chain management. The conversations were both dynamic and thought-provoking, reflecting the complex and rapidly evolving nature of global supply chains.

Gartner 156

Gartner Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 156

ToolsGroup

JUNE 13, 2024

Promotions are a critical part of the retail strategy, yet many fail to deliver the expected results. The key to success lies not just in the execution but in a strategic approach to planning, optimizing, and learning from each promotion. Over the last several weeks, we’ve explored discounting in a promo-saturated market, highlighted the importance of aligning pricing and discounting strategies, unraveled the complexities of markdowns versus promotions, and delved into the role of allocati

Price Reduction 156

Price Reduction Expense Reduction Resource Reduction Prescriptive Analytics Software 156

ToolsGroup

JUNE 6, 2024

Driving Expansion and Enhancing Market Presence are Key Objectives BOSTON / BARCELONA – June 6, 2024 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is excited to announce a key leadership change aimed at driving growth across all regions and product lines. Eric Austvold has joined ToolsGroup as Chief Revenue Officer (CRO), bringing extensive experience from leadership roles in software companies.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Optimization Software Forecasting Software 177

ToolsGroup

JUNE 6, 2024

In the bustling world of retail, promotions are often the heartbeat of market strategy, vital for drawing in customers, boosting sales and elevating brand presence. Yet, despite best-laid plans, many of these promotions miss the mark. And it’s often because they’re aimed at the wrong targets. Over the last several weeks, we’ve peeled back the layers of discounting in a promo-saturated market, highlighted the importance of aligning pricing and discounting strategies, unraveled t

Price Reduction 177

Price Reduction Inventory Reduction Retail Procurement Solutions 177

ToolsGroup

JUNE 4, 2024

You purchase your ticket for a symphony, get yourself dressed up, arrive early at the theater, read the concert program and sit comfortably in your seat awaiting an evening of musical delight. But when the musicians start to perform, you notice strings, brass and percussion sections are each playing their own pieces of music, completely unaware of what the others are doing.

Supply Chain Planning Software 156

Supply Chain Planning Software Scenario Planning Supply Chain Planning Sourcing Strategies 156

ToolsGroup

MAY 30, 2024

Promotions are, without a doubt, a vital tool in the retail arsenal. However, all too often, promotions fall flat, failing to deliver the expected lift in sales or even damaging brand perception in the process. Over the last few weeks, we’ve explored the problems retailers face with promotions, examining diminishing returns in a promo-saturated market , misaligned pricing and discounting strategies and confusing markdown problems and promo problems.

Inventory Reduction 156

Inventory Reduction Waste Reduction Price Reduction Price Mitigation Strategies 156

ToolsGroup

MAY 28, 2024

In today’s hyper-competitive market, where supply chains need to be agile and responsive, even a minor delay in data can have significant repercussions. Companies are finding that data latency isn’t just a technical hiccup but a major obstacle to effective decision-making. As we continue our journey through decision-centric planning, having explored its potential to unlock supply chain success , addressed real-world challenges , and discussed the internal shifts necessary for its imp

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Forecasting Software 156

ToolsGroup

MAY 23, 2024

Imagine walking into your favorite store, eagerly anticipating a ‘big sale,’ only to find that it has turned into a ‘final markdown’ clearance. As a customer, you might score some great deals, but as a retailer, this signals a missed opportunity and a hit to the bottom line. This is the tale of many retailers who confuse a promo problem with a markdown problem, and it’s costing them more than just profits.

Price Reduction 156

Price Reduction Inventory Reduction Cost Reduction Strategies Retail 156

ToolsGroup

MAY 21, 2024

Discover Franke’s Success Story in Implementing Cutting-Edge Digital Supply Chain Technology for a Robust S&OP Process BARCELONA and BOSTON – May 21, 2024 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is thrilled to announce its participation at the upcoming Gartner Supply Chain Symposium/Xpo 2024 in Barcelona, Spain, June 10-12.

Gartner 156

Gartner Supply Chain Planning Software ToolsGroup Supply Chain Design Software 156

ToolsGroup

MAY 21, 2024

Discover Franke’s Success Story in Implementing Cutting-Edge Digital Supply Chain Technology for a Robust S&OP Process BARCELONA and BOSTON – May 21, 2024 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is thrilled to announce its participation at the upcoming Gartner Supply Chain Symposium/Xpo 2024 in Barcelona, Spain, June 10-12.

Gartner 156

Gartner ToolsGroup Supply Chain Planning Software Supply Chain Design Software 156

ToolsGroup

MAY 21, 2024

In today’s fast-paced business environment, the need for flexibility and rapid response has never been more critical. Companies that cling to outdated, rigid planning methods risk falling behind. In the first two blogs of this series, we explored the foundational concepts of decision-centric planning and how it can revolutionize supply chain management, addressing real-world challenges with agility and responsiveness.

Supply Chain Planning Software 156

Supply Chain Planning Software Scenario Planning Supply Chain Planning Resource Reduction 156

ToolsGroup

MAY 17, 2024

Hannover Messe 2024 once again proved itself as the global hub of innovation, attracting an impressive crowd of around 130,000 visitors from 150 countries. With an extensive array of exhibitors, startups and delegations, the event showcased the latest trends, challenges and opportunities shaping industries worldwide. Dr. Jochen Köckler, Chairman of the Managing Board at Deutsche Messe AG, described Hannover Messe 2024 as both an industrial powerhouse and a glimpse into the future of technology t

Innovation 156

Innovation Supply Chain Planning Software Supply Chain Software Optimization Software 156

ToolsGroup

MAY 15, 2024

Imagine a retail giant striving to meet surging online orders while grappling with unpredictable shipping delays caused by natural disasters. Or consider a global pharmaceutical company racing against time to distribute life-saving vaccines amidst logistical hurdles and regulatory uncertainties. These scenarios encapsulate the daily struggles of modern businesses navigating through uncertainty, where decision-centric planning emerges not as a luxury but as a necessity.

Supply Chain Planning Software 177

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Software 177

ToolsGroup

MAY 9, 2024

Imagine strolling into your favorite store, only to find yourself in a sea of “SALE!” signs and “50% OFF!” banners. It’s a common scenario. Retailers rely heavily on promotions, which can account for between 10% and 45% of their total revenues, according to research from Boston Consulting Group. In today’s dynamic retail landscape, promotions are undeniably a potent tool for driving sales and customer engagement.

Resource Reduction 156

Resource Reduction Cost Reduction Strategies Retail Procurement Analytics 156

ToolsGroup

MAY 7, 2024

The business landscape is constantly evolving in today’s world, and supply chain management stands as a cornerstone of operational efficiency, customer satisfaction and overall business success. In this time of continuous change, forward looking leaders are starting to look for innovative and evolutionary approaches to thrive in this uncertainty, a topic we covered recently in our blog about the antifragile supply chain.

Supply Chain Planning Software 177

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 177

ToolsGroup

MAY 6, 2024

Boston , MA – May 6 , 2024 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the global launch of Decision Hub , an innovative solution enabling decision-centric planning through zero-latency decision alignment. As a pioneer in solutions that enable supply chain executives to navigate uncertainty, ToolsGroup has long been on the cutting edge , enabling smarter, faster decisions that drive profit.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

ToolsGroup

MAY 2, 2024

Customer reviews consistently rank ToolsGroup highly in G2’s Supply Chain Planning and Demand Planning Categories. Boston, MA – May 2, 2024 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is thrilled to announce that it has been recognized as a Leader in seven separate G2 Spring 2024 reports. This achievement underscores ToolsGroup’s commitment to excellence and innovation in the supply chain industry.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply and Demand Supply Chain Software 156

ToolsGroup

APRIL 24, 2024

Retailers can now ensure higher profitability by maximizing the ROI from each in-season retail promotion through advanced AI optimization Boston, MA and London, UK — April 24, 2024 — ToolsGroup , a global leader in retail and supply chain planning and optimizationsoftware, today announced the launch of their PromoAI Solution, a new promotions optimization solution in the greater JustEnough retail planning and execution suite.

ToolsGroup 156

ToolsGroup Optimization Software Price Mitigation Strategies Supply Chain Optimization 156

ToolsGroup

APRIL 18, 2024

BOSTON, MA and MILAN, ITALY – April 18, 2024 – ToolsGroup, a global leader in supply chain planning software, is set to unveil its latest innovations in decision-centric planning at Hannover Messe. As a pioneer in adopting AI-driven solutions that enable supply chain executives to navigate uncertainty, ToolsGroup has long been on the cutting edge, enabling smarter, faster decisions that drive profit.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

ToolsGroup

APRIL 17, 2024

The recent eP Summit conference, the Pitti Immagine event focused on the latest digital and technological innovations tailored for the fashion industry, featured approximately 800 specialized operators and an extensive program of roundtables and presentations. Speakers shared their experiences and offered insights into the future landscape of the fashion industry, emphasizing how innovative technologies are reshaping the sector.

Supply Chain Design Software 294

Supply Chain Design Software Waste Reduction Supply Chain Planning Software Inventory Reduction 294

ToolsGroup

MARCH 28, 2024

Scarpe&Scarpe Reveals How ToolsGroup’s AI-Driven Solutions Transformed Business Operations, Optimizing Margins and Eliminating Overstock BOSTON – March 28, 2024 – ToolsGroup is excited to announce our participation in the upcoming eP Summit 2024, the Pitti Immagine event focused on the relationship between fashion and the digital world in Florence, Italy, on April 9-10.

Italy 156

Italy ToolsGroup Inventory Reduction Price Reduction 156

ToolsGroup

MARCH 26, 2024

Unique Partnership Delivers an End-to-End Network Optimization Solution to Seamlessly Integrate Supply Chain Design, Manufacturing Footprint and Probabilistic Planning and Execution for Leading Building Materials Manufacturer. BOSTON, MA AND DALLAS, TEXAS, UNITED STATES (March 26, 2024)— ToolsGroup , a global leader in retail and supply chain planning and optimization software, along with partner River Logic , Inc, a global innovator in network design and optimization, announced that Cornerstone

ToolsGroup 156

ToolsGroup Network Design Software Supply Chain Design Software Supply Chain Planning Software 156

ToolsGroup

FEBRUARY 28, 2024

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 to build solutions that help businesses compete in today’s increasingly competitive markets through customer-centricity. That’s why Evo CEO Fabrizio Fantini jumped at the chance to work with Harvard Business School Professor Sunil Gupta to participate in a case on Miroglio’s huge success increasing profits through in-season inv

Network Optimization 156

Network Optimization Supply Chain Optimization Inventory Price Mitigation Strategies 156

ToolsGroup

JANUARY 30, 2024

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 wholesale planning requires.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

ToolsGroup

JANUARY 19, 2024

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 the retail landscape in the coming year.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimization Software Optimal Sourcing Forecasting Software 156