ToolsGroup

JUNE 6, 2023

Teaming up with ToolsGroup, the Italian frozen seafood company chooses AI to advance its supply chain processes and guarantee a superior consumer experience. After a rigorous selection process, D.I.MAR chose ToolsGroup Service Optimizer 99+ (SO99+) to drive its digital transformation.

ToolsGroup 156

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

ToolsGroup

MARCH 25, 2025

However, AI-powered demand forecasting software like ToolsGroup has transformed this process by incorporating early indicators from diverse data sources: Web analytics and search trends Product attribute similarities to existing items Social media engagement and sentiment analysis Competitive product performance data Early order patterns and consumer (..)

Supply and Demand 156

Supply and Demand Forecasting Forecasting Software Modeling 156

ToolsGroup

APRIL 26, 2023

This is why ToolsGroup is excited to announce significant enhancements to our JustEnough Dynamic Retail Planning & Execution solution. has fundamentally shifted the narrative on what is possible with ToolsGroup’s retail planning solution. Debuting ToolsGroup JustEnough Officially announced in January, v2023.1

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 156

ToolsGroup

AUGUST 20, 2019

Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supply chain planning (SCP). Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. Those companies also reduced planning spend.

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

ToolsGroup

JANUARY 30, 2024

Retailers need to create plans for these non-traditional sites, as well as other wholesale channels, but often tools for retail planning and execution fail to align with the unique metrics and naming conventions used in wholesale. ToolsGroup has made it even easier to plan for discounts using its new flexible plannable metric: AUT Discount %.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

ToolsGroup

AUGUST 20, 2019

Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supply chain planning (SCP). Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. Those companies also reduced planning spend.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 136

ToolsGroup

SEPTEMBER 25, 2019

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. About ToolsGroup. BOSTON, Mass. and HOUSTON, Tex. About Spinnaker.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Optimal Sourcing 136

ToolsGroup

JANUARY 21, 2025

Retailers implementing these solutions are seeing improvements in customer engagement metrics and repeat purchase rates. Agent AI is emerging as a game-changing tool for understanding and responding to customer behavior in real-time.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Inventory Reduction Price Reduction 156

ToolsGroup

MAY 4, 2020

BOSTON (May 5, 2020) ToolsGroup, a global leader in supply chain planning software, today announced a new online COVID-19 Supply Chain Action Center and resources to help companies quickly respond to Coronavirus risks and speed supply chain recovery. At ToolsGroup we’re all about being ready for anything–even the unpredictable.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

ToolsGroup

SEPTEMBER 30, 2019

ToolsGroup and Spinnaker recently partnered up on a digital transformation study, and we found that only 7% of responding companies are reaping the benefits of digital transformation of supply chain planning. .” George Fowler is a Group Vice President in Spinnaker’s Supply Chain business unit, a ToolsGroup partner.

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 168

ToolsGroup

NOVEMBER 27, 2018

According to Ben, who oversees Chainalytics’s Integrated Demand and Supply Planning practice (which includes their Demand Planning Intelligence Consortium), many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals.

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

ToolsGroup

JUNE 17, 2024

This includes enhancing supply chain transparency using technologies like AI to track and verify sustainability metrics. There is a clear demand for technologies, such as ToolsGroup’s Decision Hub , that can facilitate more dynamic and responsive planning processes. times more likely to impact their revenue positively.”

Gartner 156

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

Supply Chain Insights

JANUARY 18, 2018

This includes SCOR, APICs, Gartner Top 25 Supply Chains, Gartner Hierachy of Metrics, etc. Here are my predictions for 2018: Supply Chain Excellence as We Know It Is Redefined. Supply chain excellence definitions evolve as companies explore the Art of the Possible. New models evolve based on the Art of the Possible.

Prescriptive Analytics Software 197

Prescriptive Analytics Software Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software 197

ToolsGroup

MARCH 3, 2022

Targeting favorable weather time periods and regions/markets enable companies to capture sales from receptive audiences and improve ROAS (return on advertising spend) and other key metrics.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

ToolsGroup

JUNE 2, 2023

When reference data – such as product codes, supplier information, and warehouse locations – is misaligned across systems, it can cause discrepancies in transactional data, leading to inaccurate inventory levels and unreliable performance metrics. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Supply Chain Shaman

APRIL 17, 2013

These technologies include the work by Terra Technology and ToolsGroup. Over the last decade, the only metric that we have improved is revenue/employee (see below). Evaluate how to reduce latency by using downstream data to sense demand and implementing demand translation technologies to make the downstream data usable.

Supply Chain Design Software 258

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 258

ToolsGroup

JUNE 8, 2021

6 Focus on the wrong metric. RFIs also assume the organization is focusing on the right metrics. There may be a better way to approach forecasting, but it’s not captured in the RFI because no one has any experience with it. #6 Using forecasting as an example again, supply chain RFIs often emphasize forecast accuracy.

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

ToolsGroup

NOVEMBER 15, 2016

According to Ben, who oversees Chainalytics’ Demand Planning Intelligence Consortium , many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals. How much can you realistically expect to improve your forecast accuracy each year?

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

ToolsGroup

MARCH 18, 2019

In order to meet today’s service expectations for fine paper products, Mohawk’s customer service-level metric was changed from “order lines shipped complete within five days” to “order lines complete and available at time of order”.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 228

ToolsGroup

SEPTEMBER 22, 2020

Examples are: customer experience metrics, feedback on new product features and pricing, customer satisfaction and loyalty, and competitive intelligence. At ToolsGroup we’re strong believers in demand sensing as another way to keep your finger on the pulse of consumer demand.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Planning Software Supply Chain Design Software 156

ToolsGroup

FEBRUARY 6, 2018

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. The IQR metric is a percentage of active inventory in the total stock. Without a clear goal, it feels like it is never right.”.

Inventory Reduction 159

Inventory Reduction Inventory Material Savings Gartner 159

ToolsGroup

MAY 21, 2024

Aligning Performance Metrics : Adjust performance metrics to reflect the principles of decision-centric planning. Traditional metrics that focus solely on adherence to plans and timelines should be supplemented with metrics that value impact first, as well as flexibility, responsiveness, and innovation.

Supply Chain Planning Software 156

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

ToolsGroup

JULY 11, 2017

To achieve Stage 5, S&OP must be “a fully integrated business planning forum… (where) metrics are value-based and aligned across the network and enterprise to support the required trade-offs.”. Gartner’s research is echoed by Lora Cecere of Supply Chain Insights.

S&OP 92

S&OP Supply and Demand Inventory Reduction Price Reduction 92

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? And because machine learning systems get smarter over time, having a consistent method of measurement is even more important to ensure you can accurately track how outcomes and ROI are improving against established metrics.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

ToolsGroup

APRIL 1, 2022

Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. ToolsGroup). Crucial to creating catalytic convertors for cars, palladium has increased in price by 80% since the beginning of the conflict. Deloitte ). Wall Street Journal ). Wall Street Journal ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ToolsGroup

MARCH 16, 2021

A symptom of these limitations are the various metrics used. It is possible to create metrics (probabilistic metrics!) Deterministic metrics can never be determined before actual values are known, and most are on an unknown scale. If you have a MAPE of 60% , is that good or bad? Honestly, that is impossible to say.

Forecasting 156

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Planning 156

ToolsGroup

NOVEMBER 8, 2016

When it comes to long-tail items, forecasting metrics such as WMAPE become almost meaningless or even misleading. So this approach of aggregated planning and then applying slicing and dicing rules, only works for simple and highly predictable businesses with few fast-moving commodity items and single-channel distribution.

Forecasting 220

Forecasting Forecasting Software Demand Planning Software Modeling 220

ToolsGroup

DECEMBER 16, 2021

Keeping a close watch on metrics like GMROI (gross margin return on investment), WHO (weeks on hand), stock turnover rate, full-price sell-through rate, and other inventory metrics are important to maintaining overall business health. Set clear objectives and KPIs for the metrics we discussed above, and make swift moves to meet them.

Agile and Lean Supply Chain 156

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

ToolsGroup

SEPTEMBER 17, 2019

Data such as how hot or cold, the variance in precipitation, how strong the wind was, and other metrics play a part in why consumers shopped more or less on any given day and what would have happened if the causal events were at their normal metric. The answer comes with being able to identify and track each causal effect.

Supply and Demand 159

Supply and Demand Demand Planning Software Forecasting Forecasting Software 159

Supply Chain Shaman

NOVEMBER 3, 2015

Until the architectures become more robust, and LLamasoft invests in industry experts, I expect little impact on the inventory optimization market which is largely dominated by JDA, Logility, SAP, ToolsGroup and Terra Technology. (To Selecting an inventory optimization software solution is complex.

Supply Chain Design Software 0

Supply Chain Design Software Supply Chain Planning Software Network Design Software Supply Chain Software 0

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Increase overall equipment effectiveness (OEE).

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 156

ToolsGroup

JANUARY 22, 2020

These are great metrics to hold a vendor accountable and ask for some compensation, but they require that something happens and that humans must track down and enact some remedy. I get asked a lot for the ability to somehow know the impact vendors are having on service goals to customers.

Optimization Software 199

Optimization Software Inventory Reduction Forecasting Software Supply Chain Planning Software 199

Enterra Insights

MARCH 8, 2018

Jeff Bodenstab, ToolsGroup Vice President of Marketing USA, reports, “Gartner has created a … five-stage maturity model for assessing the overall maturity level of your organization in using supply chain analytics.”[2] Footnotes. [1]

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Gartner 100

ToolsGroup

JANUARY 9, 2018

Uniting planning and operations in one model also enables companies to reconcile customer constraints with their own high-level decisions and performance metrics. This detailed plan can then be presented to executive management for review. It looks like a single unified model covering both planning and execution is here to stay.

Modeling 179

Modeling Scenario Planning Optimization Modeling S&OP 179

ToolsGroup

AUGUST 29, 2017

Here are the five stages: In Stage 1 the goal is to use data to measure a single metric within a particular function , focused on after-the-fact performance. You can’t forge ahead in one area like analytics techniques without considering other dimensions such as available talent or reliable data.

Modeling 189

Modeling Prescriptive Analytics Software Analytics Software Modeling Software 189

ToolsGroup

OCTOBER 11, 2017

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. A recent report from Gartner agrees, focusing specifically on the challenge of building a better business case for improved forecast accuracy.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Supply Chain Shaman

MARCH 8, 2016

While ToolsGroup and SAP (with the acquisition of SmartOps) are the nearest competitors, Terra prided itself on delivering better decisions through better math. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150