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New solution debuting at NRF 2025 reduces stockouts and markdowns, driving profitability BOSTON January 13, 2024 ToolsGroup , a global leader in retail and supplychain planning and optimization software, today announced the launch of Inventory.io, an AI-powered solution designed to simplify inventory management and enhance profitability.
This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels. This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels.
ToolsGroup was named the leader in the 2024 SPARK Matrix™for Retail Forecasting and Replenishment for its ability to optimize demand forecasting and deliver more strategic pre- and in-season replenishment and allocation strategies in complex retail environments.
The review evaluates vendors on their ability to deliver probabilistic forecasting, which QKS notes, “is no longer a strategic advantage—it’s the bare minimum for retail demand planning and supplychain resilience.” For retailers seeking agility, resilience, and automation at scale, ToolsGroup represents the benchmark.
20-year industry veteran brings deep technical expertise and leadership to guide ToolsGroups next phase of growth BOSTON February 4, 2025 ToolsGroup , a global leader in supplychain and retail planning and optimization software, today announced the appointment of Sean Elliott as its new Chief Executive Officer, effective immediately.
ToolsGroup customer Suministros & Alimentos , a leading Central American food distribution and logistics provider, with regional coverage across Guatemala, El Salvador, Honduras, and Nicaragua, will showcase how it uses technology and AI to predict demand and track shipments in real time to optimize the supplychain, ensure product quality.
ToolsGroup invites NRF attendees to Booth #4043 to explore its retail planning technology, including the launch of Inventory.io, designed to help businesses prepare for the unknown in 2025. At NRF, ToolsGroup will showcase our industry leading solutions designed to help retailers weather this retail uncertainty.
La suite avanzata di pianificazione e ottimizzazione della supplychain di ToolsGroup sarà fondamentale per affinare la nostra strategia di gestione delle scorte e migliorare il nostro vantaggio competitivo.
BOSTON February 3, 2025 ToolsGroup , a global leader in supplychain planning and retail optimization software, today announced it has been positioned as a Leader in the IDC MarketScape: Worldwide SupplyChain Planning for Spare Parts/MRO Industries 2024 Vendor Assessment (Doc ID #US51541424, December 2024).
At ToolsGroup, we provide cutting-edge AI and machine learning solutions to enhance supplychain resiliency and efficiency. Belcorp: A SupplyChain with Countless Moving Parts Belcorp is a beauty corporation with a mission to provide beauty products that answer to a variety of individuals’ needs.
Disruptions in the supplychain happen with surprising regularity. Financial crises, global tensions, supply shortages, technological innovations, and regulatory changes are inevitable we just cant predict when theyll strike. This uncertainty makes dynamic inventory replenishment optimization essential for business success.
ToolsGroup identifies five key drivers shaping the future of supplychains: changing customer expectations, heightened competition, rising operational complexity, technological advancements, and geopolitical tensions. Optimize Distribution Networks Adapt warehouse locations and logistics for localized supplychains.
This disconnect between AIs potential and real-world adoption presents a significant opportunity for companies to gain a competitive edge, especially in supplychain management where uncertainty is the norm. However, its important to recognize that AI and machine learning are not magic fixes for supplychain challenges.
If you’re managing inventory with spreadsheets , you’re not alone—but you might be falling behind. In this dynamic environment, inventory management powered by spreadsheets is no longer a viable strategy. Why Spreadsheets Are Failing Inventory Management Excel feels familiar. But familiarity doesn’t equal effectiveness.
ToolsGroup has a long history of innovating with our customers in mind. It’s also why so many of our customers are eager to share their supplychain success – and have even won awards of their own in partnership with ToolsGroup! Thank you to our customers and partners from across the supplychain industry!
Combined company gives retailers a powerful new technology arsenal to efficiently improve product availability under constrained supply and outperform the competition. Agile supplychain management remains a core mission that manufacturers, distributors and retailers must get right.
(Oxford Languages) One of the biggest challenges in supplychain management is understanding counterintuitive principleslike the “ bullwhip effect. Equally perplexing is inventory optimization. Many assume that increasing inventory is necessary to improve service levels. Wait, what?
The integration of Evo’s responsive AI solutions with ToolsGroup Service Optimizer 99+ (SO99+) and JustEnough® solutions will offer customers the most efficient, real-time supplychain and price optimization solution available. At Event Network, we aim to optimize the retail potential of experiential attractions.
At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supplychain management software. In conventional supplychain planning , planners using basic tools (typically spreadsheets or legacy systems) forecast just one number for each item.
At ToolsGroup, we’re thrilled to bring value to customers around the world in collaboration with our extensive partner network. Combining these impressive capabilities with ToolsGroup’s AI-driven, award-winning supplychain solutions, companies can now enjoy a truly end-to-end planning and execution process. “As
My head is wobbling with announcements, late-night Friday press releases, company name changes, and executive turnover in the supplychain planning market. Logility, a conservative company supplychain planning technology, historically had no debt and cash reserves of more than 80M, is undervalued in this deal.
Nespresso’s complex coffee supplychain. It’s no simple task providing customers access to the full range of capsules and coffee machines on all sales channels, across more than 70 boutiques in Italy, while optimizing inventory levels. What drove Nespresso’s supplychain planning project?
Safety Stock: Navigating SupplyChain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supplychain executives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.
BOSTON – August 3, 2023 – ToolsGroup, a global leader in retail and supplychain 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 SupplyChain Planning Solutions (July 2023).
BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supplychain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global SupplyChainInventory Optimization. for Global SupplyChainInventory Optimization, 2022.
Now that Evo is a ToolsGroup company, the big question is: “What innovation will Evo bring to the ToolsGroup offering?” ToolsGroup was one of the first providers to integrate predictive analytics through machine learning into retail planning, innovating the retail market.) Supplychains have become more unpredictable than ever.
BOSTON (May 13, 2019) – ToolsGroup, a global leader in supplychain planning software, announced today that David Barton has joined ToolsGroup as the new general manager of North America. I am delighted to welcome David to the ToolsGroup team,” said ToolsGroup CEO Joseph Shamir. About ToolsGroup.
MANN+HUMMEL to Present How It Partnered with ToolsGroup to Increase Fill Rate and Cut Inventory. BOSTON, June 11, 2019 – ToolsGroup, a global leader in supplychain planning software, today shared details of its participation in the Gartner SupplyChain Executive Conference, taking place June 17-19 in Barcelona.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Advanced supplychain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization.
In order to roll out capabilities to our customers as they became available, ToolsGroup has made the exciting decision to split SO99’s traditional yearly release schedule into quarterly releases! As such, ToolsGroup is happy to announce our second release of 2023 for our Service Optimizer 99+ SupplyChain Planning solution.
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Spare parts supplychains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks.
ToolsGroupsupplychain planning software allows Allopneus.com to improve inventory quality while reducing storage space at its national distribution center by almost 20%. Inventory management is the key. Inventory management is the key to quality of service and competitiveness,” emphasises Coltat. “To
Demand forecasting is a critical strategy for supplychain management that can dramatically improve business decision-making and financial performance. Beyond Forecast Accuracy: A Holistic Approach Demand forecasting is just one piece of the supplychain management puzzle.
Businesses around the world are learning to adapt as best they can to the COVID-19 supplychain impact. Unpredictable consumer behavior in response to macro events creates demand volatility in every link of global supplychains. If you do the math there, you have to make 748,000 inventory decisions per month.
BOSTON & LONDON — January 15, 2024 — ToolsGroup , a global leader in retail and supplychain 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.
Microsoft Azure customers worldwide now gain access to ToolsGroup ?Supply SupplyChain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. SupplyChain Forecast | Inventory reduces waste, makes planning more efficient, and increases customer satisfaction.
Microsoft Azure customers worldwide now gain access to ToolsGroupSupplyChain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. SupplyChain Forecast | Inventory reduces waste, makes planning more efficient, and increases customer satisfaction.
Ideally, it connects sales, marketing, supplychain, finance, and operations in a seamless flow. Optimization Advanced modeling of real-world constraints like capacity, lead times, and inventory ensures efficient execution. It connects strategy and execution with features built for modern supplychains: 1.
As part of ARC Advisory Group’s SupplyChain Forum last month, I had the opportunity to speak with Kathleen Geraghty, Vice President of North American Sales at ToolsGroup. During our conversation, we touched on a number of topics around the supplychain planning market. SupplyChain Planning Market.
There’s still a strong demand for supplychain planning solutions, particularly ones with machine learning capabilities that can help clients rapidly adapt to the changing supplier situations and consumer demand that goes along with major disruptions like this. . Supplychains will likely be structured in a radically different way.
Your Aftermarket SupplyChain is More Complex Than You Think: Stop Guessing, Start Optimizing Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Your distribution network spans multiple locations. And demand patterns are highly unpredictable.
ToolsGroup customers around the world have had to drastically adjust their supplychain planning in response to COVID-19 demand volatility. Here are a few examples of how our customers are using ToolsGroup to respond swiftly and efficiently to COVID-19 supplychain challenges in order to be ready for anything.
Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. and reduced inventory by 18%.
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