ToolsGroup Named to Supply & Demand Chain Executive’s SDCE 100 op Supply Chain Projects for 2020
Industry: Apps & Software
Boston, MA (PRUnderground) June 18th, 2020
Supply & Demand Chain Executive, the executive’s user manual for successful supply and demand chain transformation, has selected ToolsGroup as a recipient of an SDCE 100 Award for 2020. ToolsGroup was chosen for its project with Franke, a Swiss-based global supplier of solutions and equipment for domestic kitchens, private bathrooms, semi-/public washrooms, the professional foodservice sector, and coffee preparation.
The SDCE 100 spotlights successful and innovative projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions. These projects can serve as a map for supply chain executives looking for new opportunities to drive improvement in their own operations. These projects also show how supply chain solution and service providers help their customers and clients achieve supply chain excellence and prepare their supply chains for success.
ToolsGroup’s project with Franke
Franke, which operates in 40 countries, turned to ToolsGroup to improve forecasting, service levels and planner productivity, and unify the entire planning process. Deploying ToolsGroup’s Service Optimizer 99+ and integrating it with SAP ERP enabled Franke to receive reliable forecasts from all its markets, distribute the forecast efficiently through two echelons, and now expects to significantly improve inventory optimization and replenishment. Results included:
Significantly improved forecasting process stability
Significantly reduced time to execute forecasting and demand planning (50%)
Increased forecast accuracy (8 MAPE points reduction at material level)
Reduction of seasonal inventory peaks and related bullwhip effects
“Innovation is essential in driving the supply chain industry forward, and thanks to these valuable partnerships, companies of all sizes are able to achieve success in projects that matter,” says Marina Mayer, editor for Supply & Demand Chain Executive. “From business intelligence systems and supply and demand planning to inventory reduction and procurement solutions, the SDCE 100 offers proof-of-concept that with the right planning and execution, anything is possible.”
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. Visit us at www.SDCExec.com.
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.