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ToolsGroup’s advanced supplychain planning and optimization suite will be instrumental in refining our inventory management strategy and enhancing our competitive edge. This partnership underscores ToolsGroup’s dedication to delivering cutting-edge technology that drives tangible business results in challenging markets.”
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 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.
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.
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.
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.
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).
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.
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!
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.
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.
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.
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
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).
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.
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.
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.
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 (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.
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.
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.
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 SupplyChain Inventory Optimization. for Global SupplyChain Inventory Optimization, 2022.
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.
In episode four of Be Ready for Anything, hear from Martin Jertz, ToolsGroup’s Business Development Manager for Central Europe, about how organizations can build sustainability into their supplychains while trimming costs and improving efficiency. ToolsGroup · Episode 4: Designing SupplyChains for Sustainability.
Ideally, it connects sales, marketing, supplychain, finance, and operations in a seamless flow. ToolsGroups Sales & Operations Planning Advantage ToolsGroup offers a next-generation S&OP platform that adapts to your organizationnot the other way around.
Nespresso’s complex coffee supplychain. Nespresso addressed this challenge by digitizing its end-to-end supplychain – from demand forecasts to order deliveries to points-of-sale—thanks to ToolsGroup’s digital supplychain planning platform. What drove Nespresso’s supplychain planning project?
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.
Leaders surveyed in third annual ToolsGroup and CSCMP report are “extremely concerned” about external supplychain threats but lack people to make transformation succeed. From January to March 2022, CSCMP and ToolsGroup surveyed more than 300 supplychain professionals around the world.
I find that most companies’ understanding of supplychain planning is immature, and that next week, at the Gartner SupplyChain Summit in Orlando, that many will don their Mickey ears to discuss what I consider outdated supplychain planning models. Buying supplychain planning software is hard.
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. This conversation has been edited and condensed for clarity.].
Leading beauty retailer choose ToolsGroup to optimize inventory and automate omnichannel supplychain planning across multiple countries. This move automates their omnichannel supplychain planning and shifts them from a supply-driven to a demand-driven model.
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.
In episode five of Be Ready for Anything, hear from George Fowler, Group Vice President at Spinnaker SCS, about how strategic digital transformation initiatives prepare supplychains to successfully withstand significant business disruptions. ToolsGroup · Episode 5: Reinforcing SupplyChains Through Digital Transformation.
Driving Expansion and Enhancing Market Presence are Key Objectives BOSTON / BARCELONA – June 6, 2024 – ToolsGroup, a global leader in retail and supplychain planning and optimization software, is excited to announce a key leadership change aimed at driving growth across all regions and product lines.
In an ever-changing global economy with all its unexpected twists and turns, supplychain leaders are looking for a way to be ready for anything the real world throws at them. That’s why we announced a new brand identity here at ToolsGroup last week: ‘Be ready for anything.’ And add more dollars to your bottom line.).
Joint Microsoft and ToolsGroup planning solution will support POOLCORP’s goals of improved service to customers and increased profitability amid demand and supply volatility. Combined with continued supplychain challenges, these trends accelerated POOLCORP’s desire to create a more robust and resilient supply network.
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. The result?
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. ToolsGroup pioneered and perfected it. New to probabilistic forecasting?
BOSTON and ATLANTA (Aug 19, 2021) – ToolsGroup , a global leader in supplychain planning software , and Chainalytics , a recognized global leader in supplychain consulting and analytics, announce an enhanced strategic partnership to bring digital supplychain planning solutions to more companies.
Even before the Covid-19 pandemic disrupted global supplychains and upended the global economy, supplychain experts insisted that supplychain resilience was essential. There is a] need to prepare supplychains not only to survive, but to thrive in chaos.”[1] The reason?
The supplychain industry is no stranger to uncertainty. While businesses cant predict every challenge, they can take proactive steps to anticipate disruptions and strengthen their supplychain management systems with advanced demand planning tools.
BOSTON and BOULDER, CO (June 3, 2021) – ToolsGroup , a global leader in supplychain planning software , and Spinnaker SCA , an international provider of supplychain strategy, planning, and operational consulting services, are extending their partnership to bring digital supplychain planning solutions to more companies.
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. The result?
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