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ToolsGroup Partners with Planalytics to Bring Weather-Driven Analytics to Retail Planning

ToolsGroup

BOSTON, February 16, 2022 : ToolsGroup , a global leader in supply chain planning and optimization software, has partnered with Planalytics to integrate their weather-driven demand (WDD) analytics with ToolsGroup’s retail planning solutions, enabling customers to isolate, measure, and manage the influence of weather on their businesses.

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Seeing the Future with Predictive Analytics

Enterra Insights

Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. Those tools became possible with the creation of large datasets (aka big data) and the maturation of artificial intelligence (AI). ” Types of analytics. 2] They are: 1.

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Cognitive Technologies are Enhancing Customer Service

Enterra Insights

Minkow reports her company’s top ten retailers this year are: Target, Apple Store, Sephora, Home Depot, DSW, Levi Strauss, Nike, Walmart, American Eagle, and Ulta. Cognitive Technologies and Customer Service. ” Complicating this challenge is the fact that consumers can easily hop on and off the digital path to purchase.

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Joseph Shamir to Retire as ToolsGroup CEO; Inna Kuznetsova Named Successor

ToolsGroup

BOSTON (May 31, 2022) – ToolsGroup , a global leader in supply chain planning and optimization software, announced today that Joe (Yossi) Shamir will retire from his role as CEO. She will focus the company’s accelerated investment for growth and technology innovation, both organically and through strategic acquisitions.

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The Problem with Retail Promotions: Diminishing Returns of Discounting in a Promo-Saturated Market

ToolsGroup

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.

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Industry 4.0 Success Depends on Cognitive Technologies

Enterra Insights

Nick McGrane, Managing Director at K3 SYSPRO, asserts cognitive technologies (often referred to as artificial intelligence (AI), machine learning, and/or cognitive computing) will play a central role in manufacturing’s future. Supporting this, a recent BCG report highlighted that “AI will be a must in the post-COVID world.”[1]

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Causal Artificial Intelligence and Supply Chain Performance

Enterra Insights

With the maturation of artificial intelligence (AI) systems, predictive analytics have grown in importance. The difference between traditional forecasting and predictive analytics is granularity. In contrast, forecasting provides overall aggregate estimates, such as the total number of purchases next quarter.