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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 supply chain 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. ToolsGroup’s advanced supply chain planning and optimization suite will be instrumental in refining our inventory management strategy and enhancing our competitive edge.
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.
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.
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 supply chain, ensure product quality.
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 supply chain and retail planning and optimization software, today announced the appointment of Sean Elliott as its new Chief Executive Officer, effective immediately.
BOSTON February 3, 2025 ToolsGroup , a global leader in supply chain planning and retail optimization software, today announced it has been positioned as a Leader in the IDC MarketScape: Worldwide Supply Chain Planning for Spare Parts/MRO Industries 2024 Vendor Assessment (Doc ID #US51541424, December 2024).
BOSTON (Nov 8, 2021) – ToolsGroup , a global leader in supply chain planning and optimization software, today announced its acquisition of Mi9 Retail’s Demand Management business. This acquisition coincides with the closing of a significant growth investment received by ToolsGroup from Accel-KKR, a leading technology-focused investment firm.
This uncertainty makes dynamic inventory replenishment optimization essential for business success. Effective inventory optimization directly impacts customer satisfaction, loyalty, operational costs, and waste reduction making it a critical business function in todays volatile market.
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 supply chain and price optimization solution available. At Event Network, we aim to optimize the retail potential of experiential attractions.
Equally perplexing is inventory optimization. Many assume that increasing inventory is necessary to improve service levels. But businesses that get inventory optimization right can boost service levels by 3-5% while reducing overall inventory by 15-30%. Doesnt reducing inventory hurt service levels? Wait, what?
At ToolsGroup, we provide cutting-edge AI and machine learning solutions to enhance supply chain resiliency and efficiency. Belcorp’s demand planning and inventory management were challenged in many ways. This process is essential, as it forms the foundation for defining the optimal inventory level to achieve the highest service level.
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 supply chain success – and have even won awards of their own in partnership with ToolsGroup! ToolsGroup has also been named a FeaturedCustomers 2023 Top Rated Software and Hot 100 Vendor.
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.) While the real answer is “Plenty!”, What is EvoAI?
BOSTON (May 13, 2019) – ToolsGroup, a global leader in supply chain planning software, announced today that David Barton has joined ToolsGroup as the new general manager of North America. Barton’s appointment comes at a time of rapid expansion for ToolsGroup, with double-digit growth of its North American business in 2018.
BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. for Global Supply Chain Inventory Optimization, 2022. About ToolsGroup.
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).
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 supply chain solutions, companies can now enjoy a truly end-to-end planning and execution process. “As
ToolsGroup identifies five key drivers shaping the future of supply chains: changing customer expectations, heightened competition, rising operational complexity, technological advancements, and geopolitical tensions. Technological Advancements Real-time inventory tracking and predictive analytics give leading firms a competitive edge.
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. ToolsGroup has allowed us to significantly increase end-to-end control of the replenishment process of our retail network.
True success depends on high-quality data, sophisticated models, and real-world expertiseand thats where ToolsGroup stands apart. Thats why we champion a hybrid approachone that integrates probabilistic forecasting with machine learning to deliver more accurate demand predictions and optimize inventory levels in supply chain operations.
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+ Supply Chain Planning solution.
ToolsGroup supply chain 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 NEWS RELEASE.
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.
Optimization Advanced modeling of real-world constraints like capacity, lead times, and inventory ensures efficient execution. ToolsGroups Sales & Operations Planning Advantage ToolsGroup offers a next-generation S&OP platform that adapts to your organizationnot the other way around.
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Organizations require robust inventory management systems capable of handling diverse parts throughout their lifecycle.
Looking for a relatively quick way to measure inventory health? “It It all starts with a demand-driven approach,” says Gerrott Faulkingham, director of solution engineering at ToolsGroup. Here are the typical steps used to measure inventory health: Base case analysis and service level simulation.
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 supply chain planning software, today shared details of its participation in the Gartner Supply Chain Executive Conference, taking place June 17-19 in Barcelona.
This is why ToolsGroup is thrilled to announce the launch of our Dynamic Fulfillment solution. A significant addition to our Inventory Hub® product, Dynamic Fulfillment leverages advanced optimization logic to determine what to ship, from where, in real-time, to reduce shipping costs, improve margins, and satisfy empowered customers.
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. It’s about strategically adjusting your inventory levels across locations and products in response to real-time customer demand.
Microsoft Azure customers worldwide now gain access to ToolsGroup Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. The tool is designed to help businesses grow by moving beyond spreadsheet-based forecasting and trial-and-error inventory management.
Microsoft Azure customers worldwide now gain access to ToolsGroup ?Supply Supply Chain Forecast | Inventory to improve forecast accuracy and customer service levels, while reducing investment in stock. The tool is designed to help businesses grow by moving beyond spreadsheet-based forecasting and trial-and-error inventory management.
ToolsGroup is how organizations achieve their target service levels while optimizing inventory—no matter how complex their supply chain is or how much demand changes. What makes ToolsGroup different? No matter their industry, ToolsGroup customers raise service levels while reducing inventory. Demand Sensing.
As part of ARC Advisory Group’s Supply Chain Forum last month, I had the opportunity to speak with Kathleen Geraghty, Vice President of North American Sales at ToolsGroup. ToolsGroup recently released its annual predictions for the year ahead. About ToolsGroup. ToolsGroup is a global supply chain planning software company.
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.
For demand forecasting, this means looking beyond mere accuracy to focus on: Strategic decision-making improvements Cost reduction strategies Inventory optimization Customer service enhancement 2.Understand Define Clear Business Outcomes The most successful technology investments start with a clear understanding of desired business outcomes.
BOSTON (September 23, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a Leader in the IDC MarketScape: Worldwide Inventory Optimization 2022 Vendor Assessment. . About ToolsGroup.
BOSTON – January 15, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports. That’s why we’re honored that so many companies have publicly shared their experience as ToolsGroup customers.
ToolsGroup customers around the world have had to drastically adjust their supply chain 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 supply chain challenges in order to be ready for anything.
Leading beauty retailer choose ToolsGroup to optimize inventory and automate omnichannel supply chain planning across multiple countries. Through this transformation project with THellas, SLF has achieved a highly automated, demand-driven planning process, increased visibility, and optimized inventory levels throughout its network.
At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supply chain management software. In modern distribution networks, meeting service levels requires getting precisely the right inventory to the right locations at the right time.
Lack of preparation can lead to stockouts, excess inventory, cost overruns, and service failuresnot to mention stress and sleepless nights. To learn more about how our demand planning and forecasting solution can help your company, book your free consultation with ToolsGroup now: Contact us On average, our customers achieve: 99.9%
Your Aftermarket Supply Chain 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. Suboptimal inventory distribution: excessive stock in low-demand locations and shortages in high-demand areas.
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