ToolsGroup Challenges Companies to ‘Be Ready for Anything’
Industry: Computer Software/Services
Achieve target service levels while optimizing inventory, even with complex supply chains and changing demand
Boston, MA (PRUnderground) February 27th, 2020
ToolsGroup, a global leader in supply chain planning software, today unveiled a new brand identity that invites companies to ‘be ready for anything.’ ToolsGroup is how organizations around the world achieve their target service levels while optimizing inventory–no matter how complex their supply chain is or how much demand changes. This way, they can be ready for anything.
The real world doesn’t always follow the rules. In a recent supply chain study* 89 percent of responding companies identified volatile demand and unpredictable customers as a supply chain planning challenge. In order to survive and thrive, today’s companies need to be ready for anything–from the challenges of new product introductions and Internet-fueled trends, to Amazon’s next move and the endless surprises of long-tail demand. To be ready for anything companies need to do three things:
- PREDICT more behaviors by understanding the unique demand for each item they sell across location, time and other factors ranging from promotions to weather
- PROTECT against surprises by anticipating real world uncertainty so they can deliver the service levels customers can count on, no matter what happens
- PERFORM more efficiently by optimizing inventory from point of supply to point of consumption, maximizing revenue and profit
Because ToolsGroup makes all this possible, global supply chain leaders like Absolut, BP and Harley-Davidson continue to rely on ToolsGroup year after year. Our customers commonly see 3-5 percentage point increase in service, 20-30% inventory reduction and 50-90% reduction in planner workload.
ToolsGroup’s service level planning automation enables companies to guarantee service to demanding customers in highly complex supply chains. Its machine learning-augmented demand modeling and inventory optimization interpret complex demand data and dynamically optimize inventory mix across the supply chain so companies can deliver exceptional service at the lowest cost.
“Our ecommerce business faces an increasing SKU count and highly intermittent demand, and with shifting consumer preferences there could be a potential disruption around every corner,” said Flynn Chernos, SVP inventory management and merchandise support at Guitar Center. “We partnered with ToolsGroup so that no matter what tomorrow brings, we can deliver service to customers while effectively managing our inventory.”
“Talking with supply chain leaders we hear the same frustrations again and again,” said ToolsGroup CEO Joseph Shamir. “They have too much capital tied up in inventory, they can’t accurately plan for intermittent demand and their planners are overwhelmed by data management and complicated math. With ToolsGroup our customers can meet service level targets, minimize inventory and reduce planner workload so they can truly be ready for anything.”
For more information on how ToolsGroup enables global leaders to be ready for whatever tomorrow brings, download our ebook: Three Essential Capabilities of Supply Chains That are ‘Ready for Anything’.
* Report: Digital Transformation in Supply Chain Planning: On Pace or at Risk? September 2019. Digital Transformation in Supply Chain Planning
ToolsGroup is how organizations improve product availability while right-sizing inventory, no matter how complex their supply chain is or how much demand changes. In a world that rarely follows the rules, our retail and supply chain planning suite optimizes and automates supply chains from production to purchase, enabling manufacturers, distributors and retailers to be ready for anything. That’s why global leaders like Absolut, BP and Harley-Davidson rely on us year after year. For more information, follow ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com.