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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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Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

The latest ML algorithms can detect subtle shifts in consumer sentiment that precede actual purchasing behavior changes by weeks or even months. This democratization of advanced analytics allows businesses of all sizes to benefit from sophisticated techniques once available only to enterprise organizations with dedicated data science teams.

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NRF 2025: Transforming Retail Through AI, Data, and Customer-Centric Innovation

ToolsGroup

Returns Management and Integration With 35% of online purchases being returned, predominantly to physical stores, retailers are grappling with the ripple effects on inventory management. Early adopters of these integrated platforms report significant improvements in inventory turnover and reduction in stockouts.

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Bait and Switch

Supply Chain Shaman

The market shift is towards analytics, but this new market is confusing. They are step change requiring either the redeployment of existing technologies or the purchase of new platforms. Data model structures are the difference between success and failure. These technologies include the work by Terra Technology and ToolsGroup.

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Weather Permitting: How to Use Weather Data in Retail Forecasting

ToolsGroup

Science Direct ) Predictive demand analytics gives retailers the visibility they need to proactively adjust planning, allocation and replenishment decisions based on when, where, and how much changes in the weather will influence purchasing. How to Use Weather Analytics in Retail Forecasting. Download your free report ?

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Decoding the Language of Demand

ToolsGroup

Computing power and storage capacity have grown exponentially, while the cost of both have plummeted. More and better data has turned demand analytics into mainstream reality. Teams using advanced analytics technology usually reduce the need for demand shaping as a corrective measure. Let’s take a few minutes to decode it.

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Is Your Supply Chain Ready for Social Media-Fueled Demand Volatility?

ToolsGroup

Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. Examples are: customer experience metrics, feedback on new product features and pricing, customer satisfaction and loyalty, and competitive intelligence.