ToolsGroup https://www.toolsgroup.com/ Thu, 01 Feb 2024 17:33:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://www.toolsgroup.com/wp-content/uploads/2020/12/cropped-favicon-32x32.png ToolsGroup https://www.toolsgroup.com/ 32 32 Wholesale Planning Simplified for Retailers https://www.toolsgroup.com/blog/wholesale-planning-simplified-for-retailers/ https://www.toolsgroup.com/blog/wholesale-planning-simplified-for-retailers/#respond Tue, 30 Jan 2024 13:00:21 +0000 https://www.toolsgroup.com/?p=68642 Optimize inventory productivity across all channels with JustEnough v2023.4 Wholesale channels are no longer a backup channel for retailers. Smart retailers are planning their wholesale channels just as strategically as they leverage storefronts and e-commerce. The challenge for retailers is that many planning tools treat wholesale as just another channel, missing the nuances that effective wholesale planning requires. In ToolsGroup’s latest JustEnough release, JE v2023.4, we have advanced our wholesale planning capabilities so that users can explicitly address key planning functions needed to fully optimize inventory productivity. We’ve also added critical new features across the platform to allow for higher inventory productivity— no matter your channel or market.

The Wholesale Challenge in the Amazon Age

Amazon, eBay, Alibaba and other online marketplaces are becoming critical channels for even the most traditional retailers. 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. Merchants and planners lose valuable time trying to modify plans to deliver effective strategies for these channels. Even worse, the misalignment between the ways that wholesale needs to be planned and a tool intended to plan for more traditional retail channels creates inventory inefficiencies. ToolsGroup had noticed the difficulties posed by the nuances unique to wholesale and has been adding features to bridge this gap. In our latest release, JE 2023.4, has updated modules to optimize critical inventory planning and execution tasks within wholesale, using additional wholesale-specific functionalities. JustEnough delivers optimal plans whether a retailer simply needs to allocate stock and set appropriate sales expectations for inventory to be fulfilled by online marketplaces like Amazon or Walmart or they are expanding into a broader wholesale strategy. The-Wholesale-Challenge-the-Amazon-Age-img1

How You Can Leverage These New Features to Further Optimize Wholesale Inventory Performance

While JustEnough solutions have long enabled wholesale planning, this latest release embeds specifically defined Wholesale Accounts beside retail functionality to be used in our Merchandise Financial Planning, Assortment Planning, Forecasting, and Replenishment modules. In order to support the growing need for retailers to plan in the wholesale space, all JustEnough retail functionality has been enhanced to better support wholesale functions.  

New wholesale accounts increase inventory productivity on wholesale channels by:

  • Supporting wholesale-specific metrics, naming conventions and functionalities that make it easier to adopt
  • Enabling planners to aggregate Total Company plans to include both Retail and Wholesale
  • Easing movement of planned stock, sales, and other metrics as demand shifts from one channel to another
  • Allowing for revisions during the execution phase, such that inventory can be sent where it will achieve the highest possible profit
  • Optimizing wholesale to the same level of granularity and accuracy as other retail channels
  The-Wholesale-Challenge-the-Amazon-Age-img2

Other ways JE v2023.4 enhances your inventory productivity

In addition to the latest advancements to ToolsGroup’s wholesale planning tools, JE v2023.4 contains additional enhancements critical to our goal of delivering the highest possible inventory productivity for our customers. The following enhancements are also being released with JE v2023.4:
  • Consider supply constraints when generating orders: JustEnough optimizes your inventory mix to maximize sales and overall profitability, but suppliers don’t have infinite capacity to fulfill orders, especially amidst the disruptions in modern supply chains. Now, JustEnough Retail users can consider those supplier constraints when recommending inventory planning decisions, so that you can optimize your stock according to what’s actually available, not just what would be best in a vacuum.
  • Capture additional trends earlier in the planning process, so MFP delivers a more profitable assortment: One thing that makes JustEnough forecasts deliver optimal inventory productivity is its granularity. Retailers can forecast down to the SKU-location level for each day, which delivers a better assortment in stores. When creating financial plans, however, this granularity can actually get in the way. Now, planners will be able to also generate highly accurate sales projections using AI at the MFP level, not tied to any location. This gives a greater visibility to the overall performance of inventory during planning stages, untethered from location considerations. A granular view is available, but now planners have another option for merchandise financial planning.
  • Plan promotions more flexibly during assortment planning: Customers are increasingly price sensitive. They are always looking for a deal. Retailers need to account for this behavior during assortment planning. ToolsGroup has made it even easier to plan for discounts using its new flexible plannable metric: AUT Discount %. AUT Discount % allows a user to assign a discount which is not otherwise defined through specific promotions, taking that price sensitivity into account in AP—and ensuring a higher-performing assortment.
With the high costs of working capital today, retailers can’t afford to have inventory that underperforms. Through the enhancements in JE 2023.4, ToolsGroup empowers customers to continually achieve a high inventory productivity from the earliest planning stages.  ]]>
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Key Insights from NRF 2024: Navigating the Future of Retail https://www.toolsgroup.com/blog/key-insights-from-nrf-2024-navigating-the-future-of-retail/ https://www.toolsgroup.com/blog/key-insights-from-nrf-2024-navigating-the-future-of-retail/#respond Fri, 19 Jan 2024 13:00:40 +0000 https://www.toolsgroup.com/?p=68587

Let’s talk about:

1. Artificial Intelligence – Beyond Hype to Tangible Impact

Last year’s focus on the resurgence of physical retail, and the integration of artificial intelligence (AI) took center stage once again at NRF 2024. However, this time, the spotlight shifted from the promise of these innovations to their real-world applications on the sales floor. The overarching theme was the translation of technological advancements into actionable results. AI’s influence continues to grow, and consumers are now demanding sustainable actions. The emphasis is on leveraging AI capabilities where they can genuinely benefit businesses, prompting more educated inquiries about AI algorithms and their practical advantages. However, the industry is not immune to the risk of oversaturation, as highlighted by Marc J Metrick, CEO of Saks Fifth Avenue, who humorously noted that his Corporate communications team makes him mention AI in every investor presentation. Industry leaders such as Walmart’s U.S. President and CEO John Furner, Ulta Beauty CEO Dave Kimbell, and Salesforce Chair and CEO Marc Benioff shared strategies focused on AI-driven technologies to enhance operational efficiency and elevate customer experiences.  Amidst the AI dominance, retailers are venturing into a new era of technological innovation centered around AI and machine learning (ML), emphasizing the role of these tools as the most efficient means for retailers to extract value from data. In the realm of adopting new solutions, a critical focus is placed on selecting tools that resonate with users. The aim is to choose solutions that are genuinely appreciated, intuitive, and easy to navigate, ultimately fostering a higher adoption rate within the company. As an example, the current excitement around Generative AI is palpable, with its potential use cases continually expanding. However, the jury is still out on evaluating the trustworthiness and practical applicability of these innovative solutions. Another notable aspect is the ongoing journey for organizations in navigating the learning curve associated with utilizing ChatGPT, often referred to as co-pilots, in their operations. Effectively incorporating these tools necessitates a shift in thinking when seeking information. This unique approach requires users to adapt and learn the intricacies of interaction for optimal effectiveness and impactful outcomes. In short, the dynamic landscape of AI in retail is not merely about hype but about real-world applications, sustainable actions, and strategic adoptions. As the industry continues to evolve, the intersection of AI, user-centric tools, and transformative learning approaches is poised to redefine the retail narrative, unlocking new realms of efficiency and customer-centric innovation.  

2. Overcoming Challenges of Shrink and Inflation, to Prioritizing Customer Experiences

Building upon the challenges encountered in 2023, NRF 2024 took a decisive stance on critical issues, notably addressing the persistent challenges of retail shrink and inflation. Retail shrink, an enduring issue within the industry, garnered a collective effort to surmount its detrimental effects. Last year witnessed a considerable impact on retailers’ profits attributed to shrink, commonly recognized as lost inventory. The imperative of implementing a comprehensive process to ensure full visibility into inventory has become more paramount than ever before. Inflation, another hurdle on the retail landscape, prompted a shift in focus towards long-term business growth. NRF Chief Economist Jack Kleinhenz highlighted the remarkable resilience of consumer spending throughout 2023, culminating in a robust pace for the holiday season. While inflation posed a significant concern for households, the easing of prices for goods, coupled with a robust labor market, underscored a successful holiday season for retailers. Consumer expectations anticipate a gradual decrease in rapid inflation rates in the upcoming months and years. However, an interesting shift is observed as consumers scale back their spending plans, signaling a potential inclination to rebuild their savings. This presents a mixed set of signals for merchants, necessitating innovative and personalized approaches to encourage consumers to spend. The spotlight this year at NRF 2024 pivoted towards prioritizing high-quality customer experiences and streamlining operations. Organizations are actively incorporating unified commerce into their core business models, strategically leveraging data analytics to understand customer behavior and offer personalized shopping experiences. Another significant challenge lies in embracing innovation and harnessing the power of data-driven personalization and AI to elevate the customer experience. This includes delivering hyper-personalized services while safeguarding customer privacy, protecting data, and providing real-time tailored offerings. Retailers are navigating a new technological innovation phase centered around AI and ML. Recognizing AI as the most efficient means to extract value from data, retailers strategically leverage these technologies to foster growth and gain a competitive advantage across the business landscape. This transformative shift underlines the industry’s commitment to staying at the forefront of technological advancements, ensuring a dynamic and responsive approach to the evolving retail landscape.  

3. Smarter Supply Chains for a Seamless E-commerce Experience, with Resilience in Midst of Uncertainty.

FedEx CEO and President Raj Subramaniam emphasized the critical importance of meeting consumer expectations anytime, anywhere, as the landscape of online retail sales is projected to reach an astounding $8 trillion annually by 2026. In a bid to secure a foothold in this expansive market, organizations are competing to optimize their end-to-end supply chains, while making them much more resilient, given today’s uncertainties. In response to this demand, there is a discernible trend towards the adoption of unified platforms – tightly integrated solutions that are not only modular in deployment but seamlessly integrated with the broader platform.  The optimization is achieved through the seamless integration of AI and ML with the physical network, a strategic formula that ensures a superior customer experience and positions organizations for resounding success in the era of anytime, anywhere commerce. Through discussions that we had throughout the conference, a consensus emerged that smarter supply chains are essential in navigating today’s uncertain world. The ability to intelligently sense and respond to ever-shifting market dynamics stands out as a key to retailing success in 2024. The retail industry is transforming, fueled by shifting consumer demands, technological advancements, economic fluctuations and today’s geopolitical impacts. Consequently, effective supply chain management has never been more critical. Retailers must meticulously optimize their supply chain processes to remain competitive, all while being flexible to meet heightened customer expectations. While demand planning forecast accuracy remains a top priority, the unpredictability in demand requires a focus on achieving “incremental” forecast accuracy.  Retailers are exploring tuning models, open source techniques or new solutions to drive this incremental precision. Sahil Gupta, Chief Product Officer at ToolsGroup, notes, “We understand that retailers today need an integrated solution that is agile enough to adapt to even the smallest changes in demand. With cutting-edge AI driven forecasting and inventory optimization providing real-time insights into inventory, demand and operations, retailers can strategically ensure that the right products are in the right place at the right time and price, maximizing profit no matter what happens. Systems need to be able to dynamically sense and respond to market changes, a philosophy that inspired the launch of our AI powered In Season Inventory Optimization and planning.” Furthermore, in today’s hyper-connected and fiercely competitive retail landscape, price optimization emerges as a crucial facet. Striking the delicate balance between maximizing profitability and delivering superior customer value becomes essential, especially when navigating the dynamic conditions of the market, evolving consumer behavior, and intense competition. The ability to optimize pricing strategies in real-time becomes a strategic advantage in the pursuit of sustainable profitability, revenue growth and customer satisfaction. In conclusion, NRF 2024 has set the stage for a transformative year in retail, where technology, particularly AI, takes center stage in shaping strategies, overcoming challenges, and delivering unparalleled customer experiences.  

Dive into retail excellence with ToolsGroup!

Our cutting-edge solutions redefine business landscapes, ensuring unparalleled efficiency. Discover innovation reshaping the industry. Precision meets performance. Learn about our Retail Solutions here →.

Beyond Excellence: ToolsGroup Scores Hat-Trick, Named Technology Leader in Retail Solutions

Read more about how our retail solutions were rated a Technology Leader 3 times in the last 3 months here →
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ToolsGroup Launches Integrated In-Season Retail Inventory Optimization Solution  https://www.toolsgroup.com/news/toolsgroup-launches-integrated-in-season-retail-inventory-optimization-solution/ https://www.toolsgroup.com/news/toolsgroup-launches-integrated-in-season-retail-inventory-optimization-solution/#respond Mon, 15 Jan 2024 13:30:12 +0000 https://www.toolsgroup.com/?p=68518 Retailers can now quickly sense, predict, and respond to real-time changes in demand to better navigate market uncertainty to achieve maximum profitability.   BOSTON & LONDON — January 15, 2024 ToolsGroup, a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite. This solution combines the award-winning JustEnough Allocation and Replenishment  products with rebalancing and markdown optimization powered by EvoAI’s quantum analytics and Inventory HUB’s zero latency inventory tracking. “Retailers today need an integrated solution that is agile enough to adapt to even the smallest changes in demand.” said Sahil Gupta, Chief Product Officer at ToolsGroup “With cutting-edge AI driven forecasting and inventory optimization accessing real-time views of inventory, demand and operations, retailers can ensure the right products are in the right place at the right time at the right price to maximize profit no matter what happens.” Working capital constraints are hitting retailers hard just as inventory-to-sales ratios are reaching their highest-ever levels. No retailer can afford to misallocate or cut margins on that inventory, yet they are navigating unprecedented market uncertainty entering 2024. In-Season Inventory Optimization allows retailers to respond quickly to reality, sensing and adjusting to changes in demand in real time to maximize profits regardless of emerging challenges. Core Benefits of In-Season Inventory Optimization:
  • Minimal missed sales at the lowest possible cost through intelligent allocation that puts the right products on the right channels for higher inventory turns
  • Real-time, store/item/size-level replenishment that adapts to even the smallest signals of changing demand from social trends to weather
  • Fewer stockouts and minimal end-of-season waste thanks to full inventory visibility and optimization
  • More sales with less inventory on hand as stock is dynamically moved across the network to where it will sell fastest
  • Up to a 5.5pp increase in in-season margins through increased full-price sell-through and optimized markdowns
“Retailers today must be able to thrive, not just survive, amidst certainty,” said Inna Kuznetsova, CEO of ToolsGroup. “That’s why we’ve launched In-Season Inventory Optimization with sophisticated quantum analytics that can sense even the smallest changes in customer demand in real time and instantly adjust strategy to maximize profits. This agility translates to optimal financial outcomes in even the most difficult markets.” ToolsGroup In-Season Inventory Optimization Solution is an integral part of the trusted JustEnough solution. JustEnough has long delivered unparalleled value and results to retailers around the world. With over 400 customers located in 45 countries, ToolsGroup enables intelligent real-time decision-making that transforms retail planning and execution. Customers report a 5% improvement in revenue growth on top of double-digit reductions in missed sales. Built-in automation cuts the planning workload by up to 90% and helps companies reduce waste by up to 30%. We’re excited to talk to you about our new In-Season Inventory Optimization solution. If you’re here in New York City this week at NRF, come talk to us about it at ToolsGroup’s Booth: 3948. Interested in how JustEnough can help you meet and exceed your in-season inventory and margin goals? Read more HERE.

About ToolsGroup

ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of fast, intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels, and inventory – delighting customers and achieving financial and sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com.  ]]>
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ToolsGroup Named Leader in Five G2 Categories for Winter 2024 https://www.toolsgroup.com/news/toolsgroup-named-leader-in-five-g2-categories-for-winter-2024/ https://www.toolsgroup.com/news/toolsgroup-named-leader-in-five-g2-categories-for-winter-2024/#respond Mon, 15 Jan 2024 12:00:52 +0000 https://www.toolsgroup.com/?p=68350 The software company earns Leadership recognition in supply chain planning and demand planning across regions.   BOSTON – January 15, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports. Across all report categories, less than 4% of products and services earn Leader recognition. According to G2, “Despite our expansive report distribution, only the crème de la crème earn the honor of a Leader or High Performer badge within these reports.” To qualify for inclusion in the Supply Chain Planning category, a product must provide planning tools for demand, inventory, replenishment, and ordering, facilitate delivery schedules and load planning, and customize plans based on individual business priorities. Solutions in the Demand Planning category must produce reliable forecasts by extracting key insights from metrics like inventory trackers, converting raw data into actionable forecasts, supporting automation, and leveraging predictive analysis. Based on a wealth of direct customer reviews, ToolsGroup earned recognition as a Leader in the following reports:
  • Grid® Report for Supply Chain Planning | Winter 2024
  • Europe Regional Grid® Report for Supply Chain Planning | Winter 2024
  • EMEA Regional Grid® Report for Supply Chain Planning | Winter 2024
  • Grid® Report for Demand Planning | Winter 2024
  • EMEA Regional Grid® Report for Demand Planning | Winter 2024
“We believe the greatest measure of success is a profitable customer who can achieve efficiency gains and deliver premier service despite market volatility,” said ToolsGroup CEO, Inna Kuznetsova. “That’s why we’re honored that so many companies have publicly shared their experience as ToolsGroup customers. The overwhelmingly positive feedback is indicative of the power of our AI-driven supply chain solutions, the expertise of our teams, and the value of our partnerships. We are grateful to collaborate with so many forward-thinking brands, providing the quantum analytics, innovation, and expertise to help them achieve their business goals.” Additional Resources:
  • See ToolsGroup’s G2 reviews HERE.
  • Learn more about ToolsGroup’s industry recognition from customers and analysts HERE.

About ToolsGroup

ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels, and inventory – delighting customers and achieving financial and sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com.]]>
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Customers and Analysts Recognize ToolsGroup as a Supply Chain and Retail Planning Leader https://www.toolsgroup.com/blog/customers-and-analysts-recognize-toolsgroup-as-a-supply-chain-and-retail-planning-leader/ https://www.toolsgroup.com/blog/customers-and-analysts-recognize-toolsgroup-as-a-supply-chain-and-retail-planning-leader/#respond Mon, 15 Jan 2024 12:00:13 +0000 https://www.toolsgroup.com/?p=63947 ToolsGroup Named Leader in Five G2 Categories for Winter 2024 G2 Leader badges January 2024 – ToolsGroup is proud to be recognized as a Leader in five separate G2 Winter 2024 reports. Across all report categories, less than 4% of products and services earn Leader recognition. According to G2, “Despite our expansive report distribution, only the crème de la crème earn the honor of a Leader or High Performer badge within these reports.” “We believe the greatest measure of success is a profitable customer who can achieve efficiency gains and deliver premier service despite market volatility,” said ToolsGroup CEO, Inna Kuznetsova. “That’s why we’re honored that so many companies have publicly shared their experience as ToolsGroup customers. The overwhelmingly positive feedback is indicative of the power of our AI-driven supply chain solutions, the expertise of our teams, and the value of our partnerships. We are grateful to collaborate with so many forward-thinking brands, providing the quantum analytics, innovation, and expertise to help them achieve their business goals.” Read the press release HERE. See ToolsGroup’s G2 reviews HERE.

ToolsGroup Named the Technology Leader in SPARK Matrix for Retail Assortment and Management Applications

Spark Matrix Quadrant badges January 2024 – ToolsGroup is proud to announce it has been named a technology leader in the SPARK Matrix™ analysis of Retail Assortment and Management Applications by Quadrant Knowledge Solutions (QKS). This is the fourth consecutive SPARK Matrix in which ToolsGroup has been featured. The company was named a technology leader in Intelligent Retail Pricing & Promotion Optimization and Global Supply Chain Inventory Optimization. It also achieved the primary leadership position in the Retail Forecasting and Replenishment matrix. “We’re excited to be leading the charge in the application of AI in the retail planning space, and we’re proud to be recognized for these efforts,” said ToolsGroup CEO, Inna Kuznetsova. “Our greatest satisfaction, however, comes from working alongside our customers to achieve real-world benefits with these innovations. With responsive AI and real-time insights, we’re building the future of supply chain and retail planning – one typified by customer-centric processes that reduce waste for better business performance and greater sustainability.” Read the press release HERE.

ToolsGroup Named Major Player in IDC MarketScape: Worldwide Retail Merchandise Operations Management Solutions

January 2024 – After a thorough evaluation of the strategies and capabilities of ToolsGroup, IDC has positioned the company in the Major Players category in this 2023 IDC MarketScape for worldwide retail merchandise operations management solutions. Vendors to be considered for evaluation in this 2023 IDC MarketScape for worldwide retail merchandise operations management solutions must comply with the following inclusion requirements:
  • Deliver an established (known client base) enterprise-grade merchandise operations management solution with multiple retail clients with annual revenue of at least $100 million.
  • Support tier-1 retailer merchandising operations at a global scale across ecommerce, store, and other channels.
  • Be an established software vendor with a prominent/visible market presence.
  • Own or license intellectual property for merchandise orchestration, which may be standalone, integrated as a suite, or integrated with third-party merchandising components.
ToolsGroup was recognized for offering higher value at lower costs and for providing well developed data hierarchies across products and organizational structures.

ToolsGroup Named the Technology Leader in SPARK Matrix for Intelligent Retail Pricing and Promotion Optimization

Pricing & Promotion optimization Q4 December 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named a technology leader in the in the SPARK Matrix™️ analysis of Intelligent Retail Pricing and Promotion Optimization (IRP&PO) by Quadrant Knowledge Solutions (QKS). According to Saad F. Shaikh, Analyst at Quadrant Knowledge Solutions, “ToolsGroup’s comprehensive retail pricing solutions utilize advanced analytics to provide retailers with a holistic view of pricing and markdown strategies and assist retailers in managing and automating pricing throughout the product lifecycle. ToolsGroup’s AI-driven engine analyzes complex data at granular levels such as the combination of customer, product, location, and price point, in real-time to generate accurate demand forecasts and provide optimal price recommendations to retailers that maximize revenue. Furthermore, the company’s solutions provide a centralized space to plan promotional activities and execute effective promotions that maximize ROI.” Read the press release HERE. Download the report HERE.

ToolsGroup Named the Technology Leader in SPARK Matrix for Retail Forecasting and Replenishment

toolsgroup-tech-leaderNOVEMBER 2023 – The Quadrant Knowledge Solutions SPARK Matrix™: Retail Forecasting & Replenishment (RF&R), Q4, 2023 includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Retail Forecasting and replenishment (RF&R) vendors in the form of its SPARK Matrix. According to Avinash Singh, Analyst at Quadrant Knowledge Solutions, “ToolsGroup has been placed as the leader in the SPARK Matrix: Retail Forecasting and Replenishment, owing to its comprehensive and innovative RF&R solutions, a compelling vision and roadmap, an extensive RF&R vendor ecosystem, year-on-year growth, and comprehensive product offerings with in-depth domain experience.” Download the full report HERE. Read the press release HERE.

Supply & Demand Chain Executive 2023 Women in Supply Chain Award – Winner Inna Kuznetsova, ToolsGroup CEO

SEPTEMBER 2023 – Food Logistics and Supply & Demand Chain Executive have announced the winners of the 2023 Women in Supply Chain Award, which honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network. This is the third consecutive year Kuznetsova has been recognized for this award. “I’m honored to be recognized among so many distinguished women leaders in supply chain,” said Kuznetsova. “Modern leadership should foster collaboration and creativity, helping individuals realize their full potential while participating in a greater mission. At ToolsGroup, that mission is to make supply chain a force for good. I’m proud to be part of a team and an organization that embodies these values, driving customer-centric innovations and helping companies navigate supply chain uncertainty.” Read the press release HERE. Read the Q&A with Inna Kuznetsova for her latest insights on AI, innovation, 2024 supply chain trends, and women in supply chain HERE.

Technology Leader in 2023 SPARK Matrix™ for Global Supply Chain Inventory Optimization

SEPTEMBER 2023 – For the second year in a row, ToolsGroup has been named a leader in the SPARK Matrix from Quadrant Knowledge Solutions. The study analyzes and ranks leading service providers within the field of global supply chain inventory optimization. According to Kumar Anand, Analyst at Quadrant Knowledge Solutions, “ToolsGroup’s advanced algorithms, AI machine learning capabilities, and demand forecasting tools empower organizations to not only optimize inventory levels but also enhance overall operational efficiency. ToolsGroup’s commitment to delivering actionable insights and tangible value to their clients makes them a formidable force in the realm of inventory optimization, paving the way for smarter, data-driven supply chain strategies.” “ToolsGroup is proud to be recognized by Quadrant Solutions as a leader in inventory optimization for the second year in a row,” said ToolsGroup CEO, Inna Kuznetsova. “Our AI-driven solution leverages a probabilistic model providing the highest accuracy of forecasts. We’re honored to partner with over 400 customers, transforming the supply chain into a force for good around the globe through innovative, sustainable planning and execution practices.” Read the press release here. Download the report here.

Microsoft Best ISV Partner Award 2023

Microsoft-Best-ISV-Award JULY 2023 – ToolsGroup has been awarded Microsoft’s Best Independent Software Vendor Partner Award for the third year in a row in recognition of its deep supply chain planning expertise, data-driven approach, and cloud-based solutions for retailers, distributors, and manufacturers. “ToolsGroup’s continuous commitment in the retail world to support the digitization of companies represents the key element of the company’s success, which again this year earned the Best ISV Partner award. For Microsoft, working alongside companies committed day after day to digitize a key sector such as retail – even addressing contingent challenges related to the supply chain – marks our commitment to support the digital growth of the Italian production fabric,” said Sara Anselmi, Global Partner Solutions Lead, Microsoft Italy. Read the press release here.

Gartner® Midmarket Magic Quadrant™ for Supply Chain Planning

JULY 2023ToolsGroup, a global leader in retail and supply chain 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 Supply Chain Planning Solutions (July 2023). “We’re excited to be recognized by Gartner,” said ToolsGroup CEO, Inna Kuznetsova. “Supply chain leaders recognize the importance of automation and usability when skilled resources are scarce, as well as the business resilience linked to our unique probabilistic planning approach. ToolsGroup helps supply chain teams make better, faster decisions and provides the power to pivot and adapt successfully to disruptions and volatility.” Read the press release here. Access the report here. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

ToolsGroup is excited to have been included in 5 additional Gartner reports in the last year including:

  • MARCH 2023: Market Guide for Retail Merchandise Financial Planning
  • NOVEMBER 2022: Market Guide for Retail Assortment Management Applications: Short Life Cycle Products
  • AUGUST 2022: Spare/Service Parts Context: ‘Magic Quadrant for Supply Chain Planning Solutions’
  • AUGUST 2022: Market Guide for Retail Forecasting, Allocation and Replenishment Solutions
  • JUNE 2022: Market Guide for Retail Assortment Optimization Applications in Merchandising

FeaturedCustomers 2023 Top 1000 B2B Software Award

JULY 2023This is the fourth award ToolsGroup has received from FeaturedCustomers, having also earned the 2023 Market Leader in Demand Forecasting Software award as well as being named a 2023 Top Rated Software and Hot 100 Vendor. The Top 1000 award is presented to companies who saw a significant increase in the number of visitors ranking their content for applicability and helpfulness. ToolsGroup won this award by increasing its ratings  ~150%, proving that our customers’ success stories are resonating with a growing audience and effectively communicating the benefits of our AI-driven supply chain planning solutions. See ToolsGroup’s listing on FeaturedCustomers here.  

Gartner Peer Insights – Customer First Badge

June 2023 – Our customers helped ToolsGroup earn Gartner Peer Insights’ Customer First badge with over 100 reviews. Based on feedback from our customers and partners, we have one of the highest in the category rating of 4.5 Stars. Thank you to our customers and partners from across the supply chain industry! From Day One, our focus has been on developing and delivering the best supply chain solutions on the market. We’re thrilled that so many companies have benefited from our AI-powered capabilities, and we’re grateful to have so many enthusiastic and knowledgeable customers around the globe. We truly appreciate and value your partnership. See ToolsGroup’s reviews here.
Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

G2  “Users Love Us” and “High Performer Spring 2023” Badges

June 2023 – ToolsGroup earned G2’s Users Love Us badge, which is earned after collecting 20 reviews with an average rating of 4.0+ stars. Thanks to our customers and their reviews for helping ToolsGroup achieve one of the highest ratings in our category!
 
MARCH 2023 – ToolsGroup earned a Higher Performer badge in G2’s Demand Planning Grid® – G2’s scoring criteria is that products shown on the Grid® for Demand Planning have received a minimum of 10 reviews/ratings in data gathered by March 07, 2023. Products are ranked by customer satisfaction (based on user reviews) and market presence (based on market share, seller size, and social impact) and placed into four categories on the Grid®:
  • High Performing products have high customer Satisfaction scores and lower Market Presence compared to the rest of the category.
  • High Performers include: Solvoyo, StockIQ, Avercast, Alloy.ai, ToolsGroup Service Optimizer 99+, and FashionBoard – Demand Planning
See ToolsGroup’s G2 reviews here.  

FeaturedCustomers 2023 Market Leader in Demand Forecasting Software

MAY 2023 – FeaturedCustomers has named ToolsGroup a Market Leader in the Demand Forecasting Software category in its Spring 2023 Customer Success Report. The Market Leader designation is awarded to vendors with substantial customer base, market share, and enough customer success content to validate their vision. ToolsGroup has also been named a FeaturedCustomers 2023 Top Rated Software and Hot 100 Vendor. “We’re thrilled to be recognized by FeaturedCustomers as a market leader in Demand Forecasting, and grateful that our customers have enthusiastically shared their wonderful experiences using our AI-powered probabilistic forecasting solution,” said ToolsGroup CEO, Inna Kuznetsova. “At ToolsGroup we are dedicated to helping companies optimize their supply chain performance, and it is very gratifying to be recognized as a market leader based on the opinions that matter most – those of our customers.” Read the press release here. See ToolsGroup’s listing on FeaturedCustomers here. The full report, along with ToolsGroup’s profile, is available for you to download here.  

Inbound Logistics Top 100 2023

April 2023 – Every April for the past 25 years, Inbound Logistics editors have selected 100 logistics technology companies that enable logistics and supply chain excellence. ToolsGroup was recognized for leading the way in 2023 and positioning enterprises to scale and grow. ToolsGroup excels at providing solutions that drive supply chain excellence and answer IL readers’ needs for simplicity, ROI, and frictionless implementation. Inbound Logistics is proud to honor ToolsGroup for continuing to offer readers solutions that optimize logistics and supply chain excellence and drive enterprise performance.  
We are proud to be one of the top 100 again for 2023! Access the report here. Inbound Logistics is the pioneering magazine empowering demand-driven enterprises. IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. More information about demand-driven enterprise practices is available at www.inboundlogistics.com

IDC MarketScape for Worldwide Supply Chain Inventory Optimization 2022 Vendor Assessment

Sep 2022 – This IDC study uses the IDC MarketScape model to provide an assessment of a number of providers participating in the worldwide supply chain inventory optimization market. The IDC MarketScape is an evaluation based on a comprehensive framework and a set of parameters that assesses providers relative to one another and to those factors expected to be most conducive to success in a given market during both the short term and the long term. ToolsGroup was named a leader in IDC MarketScape for Worldwide Supply Chain Inventory Optimization, as well as Major Player in the IDC MarketScape: Worldwide Supply Chain Demand Planning 2022 Vendor Assessment. “We are proud to be recognized by the IDC MarketScape as a Leader in the inventory optimization report,” said ToolsGroup CEO Inna Kuznetsova. “We leverage AI to make the supply chain the force for good–sustainable and efficient, and creating differentiation for our customers amid continuously disrupted demand and supply. Today more than ever manufacturers, distributors, and retailers need to improve their ability to sense and respond to demand changes to fulfill their promise to their customers–and we are honored to be a part of their journey.” Read the press release here. Access the IDC MarketScape: Worldwide Supply Chain Inventory Optimization Vendor Assessment, Sep 2022 – Doc # US49568517 Access the IDC Marketscape: Worldwide Supply Chain Demand Planning 2022 Vendor Assessment, Sep 2022 – Doc # US47619722

Supply & Demand Chain Executive 2022 Women in Supply Chain Award – Winner Inna Kuznetsova, ToolsGroup CEO

SEPTEMBER 2022 – The Women in Supply Chain award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network. This year’s list includes individuals from software and service providers, consultancies and academia, trucking and transportation firms, professional development agencies, sourcing and procurement divisions, and more, all who have helped supply chain clients and the supply chain community at large prepare to meet many of today’s—and tomorrow’s—challenges.
 
“I’m delighted to be recognized along with so many other impressive women leaders,” said Kuznetsova. “Many skills and perspectives are needed to lead a company and I am proud to be part of a diverse team helping companies build intelligent, dynamic supply chains anticipating changes in customer demand and responding fast to external disruption.” Read the press release here.

Leader in Quadrant Solutions SPARK Matrix™ for Supply Chain Inventory Optimization

AUGUST 2022 – Quadrant Knowledge Solutions conducted an in-depth analysis of the Global Supply Chain Inventory Optimization solutions vendors by evaluating their products, market presence, and value proposition. ToolsGroup was named a Leader, thanks to its self-adaptive demand and inventory models that define the optimal mix of inventory across the multi-echelon supply chain to achieve aggressive service level targets while right-sizing inventory. “ToolsGroup is proud to be recognized by Quadrant Solutions as a leader in inventory optimization,” said ToolsGroup CEO, Inna Kuznetsova. “Amid continuous disruption and fast-changing consumer demand, inventory agility is crucial. Our fundamentally different approach helps companies optimize for uncertainty, maximize service levels while achieving healthy inventory levels, and free up working capital.” Read the press release here. Access the report here.

Microsoft Best ISV Partner Award

JULY 22, 2022 – Each year, Microsoft presents the MS Partner Awards to partners who have excelled throughout the year, both in results and collaboration with Microsoft. Microsoft also awarded ToolsGroup a Digital Transformation Champ Award for the category Cloud for Industries. ToolsGroup has been awarded Microsoft Italy’s Best Independent Software Vendor Partner Award for the second year in a row. ToolsGroup won the award for its deep supply chain planning expertise and cloud-based solutions for retail, manufacturing, distribution, consumer goods, aftermarket parts, and telecom industries. “We are proud to receive this award for the second year in a row,” said ToolsGroup VP of Business Development Francesco Stolfo. “The Microsoft Best ISV Award is confirmation of the value we generate in the market with our AI-powered retail and supply chain planning solutions. Our ambition is to help an ever-widening range of companies to become more agile to better manage supply chain complexity and disruption.” Read the press release here.

Supply & Demand Chain Executive “Pros to Know” 2022 – Winners Robert Kaufholz and Mauro Adorno

MARCH 2022 – The award recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage supply chain for competitive advantage. It honors and celebrates those supply chain professionals who work tirelessly to support team-members, improve products, and keep goods moving through the supply chain as seamlessly as possible. “In the midst of the pandemic and other events that remind us uncertainty is a constant, Rob and Mauro have shown their mettle,” said ToolsGroup Co-founder, Joseph Shamir. “They’ve inspired their teams with their persistent drive to deliver excellence and helped our customers keep service levels high despite demand and supply irregularities.  As a result, our customers see us not as a vendor, but as a true partner in the management and improvement of their supply chains.” Read the press release here. See bios here.

Retail CIO Radar 2022 Supply Chain Leader

JANUARY 2022 – ToolsGroup has been recognized by Retail Today magazine as a leader in the Supply Chain category in Retail CIO Radar 2022, a first-of-its kind annual list of most innovative and transformative retail technology solution providers.
Retail Today’s editorial team has analyzed the universe of Retail solutions in 16 categories—scanning nearly 7000 applicants and nominees. Based on the solutions innovative and transformative capabilities, industry significance of the problem being solved, track record of clientele, proprietary mosaic scores, team strength and competency, leadership in the industry, market share and competitive landscape, a panel of industry experts, analysts and Retail Today Editorial board has chosen ToolsGroup to be part of the prestigious ‘Retail CIO Radar 2022.’ Read the press release here.

Three ToolsGroup Customers Receive Supply & Demand Chain Executive’s 2021 Women in Supply Chain Award

SEPTEMBER 2021 – ToolsGroup customers Sarah Voorhees, Senior Director of Demand and Supply Planning at American Tire Distributors (ATD); Michela Vesta, Supply Chain Project Manager Officer at RAJA Italia (RAJA Group); and Nancy Triplett, Director of Supply Chain at TireHub, were winners of Supply & Demand Chain Executive’s 2021 Women in Supply Chain award. The Women in Supply Chain award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network. This year’s list includes individuals from software and service providers, consultancies and academia, trucking and transportation firms, professional development agencies, sourcing and procurement divisions, and more, all who have helped supply chain clients and the supply chain community at large prepare to meet many of today’s—and tomorrow’s—challenges. Read the press release here. Read the press release about ATD’s presentation at Gartner Symposium here. Watch RAJA’s customer story here. Watch TireHub’s supply chain transformation testimonial here.

Customer Polaris Named Supply & Demand Chain Executive’s 2021 Top Supply Chain Project with ToolsGroup

JUNE 2021 – Supply & Demand Chain Executive, the only publication covering the entire global supply chain, selected Polaris to receive a “Top Supply Chain Projects Award for 2021” for its project with ToolsGroup. The Top Supply Chain Projects (formerly known as SDCE 100) spotlights successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across a range of supply chain functions. These projects show how supply chain solution and service providers help their customers and clients achieve supply chain excellence and prepare their supply chains for success. Read the press release here. Read the Polaris customer story here.

Nucleus Supply Chain Planning Technology Value Matrix 2021 – Leader

MARCH 2021 – With external disruptions causing chaos for regular enterprise activities in 2020, robust supply chain planning solutions stormed into the tech world limelight and became must-have software tools in short order. Thanks to its service-driven planning that helps customers make the most efficient use of inventory, ToolsGroup has been named a leader in the Nucleus Research SCP Technology Value Matrix 2021. “ToolsGroup is proud to be recognized by Nucleus as a leader in supply chain planning,” said David Barton, ToolsGroup’s Global Chief Revenue Officer. “Our service-driven supply chain planning enables our customers to make the most efficient use of inventory in fulfilling their customer orders. Companies that invest in the type of service level optimization we deliver are more resilient during times of crisis, serve their customers more effectively, and provide the highest returns to their shareholders.” Read the press release here. Access the report here.

Supply & Demand Chain Executive “Pros to Know” 2021 – Winners Michael Haiber and Stefano Novati

Supply & Demand Chain Executive “Pros to Know” 2021 – Winners Michael Haiber and Stefano Novati MARCH 2021 – ToolsGroup Pre-Sales & Alliance Director for Europe, Michael Haiber, and Vice President of Professional Services, Stefano Novati, were both named 2021 “Pros to Know” by Supply & Demand Chain Executive magazine. This award recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage supply chains for competitive advantage. “In a world that rarely plays by the rules, Michael and Stefano embody ToolsGroup’s relentless focus on delivering value to customers,” said ToolsGroup Co-founder, Joseph Shamir. “Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. Because our customers around the globe can meet or exceed their service level requirements while minimizing inventory, they’re ready for whatever tomorrow brings.” Read the press release here.

Microsoft’s Best ISV Solution Innovation Award

JULY 2020 – Each year, Microsoft presents the MS Partner Awards to partners who have excelled throughout the year, both in results and collaboration with Microsoft. ToolsGroup won the award, presented by Microsoft Italia, for the dizzying growth of its global partnership activity in a short time, and its close collaboration with Microsoft Corporation in the development of new solutions for the democratization of supply chain planning in the cloud. “We are honored to receive this important recognition in a truly exceptional year where planning with traditional methods is impossible,” said Francesco Stolfo, ToolsGroup VP of Business Development. “ToolsGroup’s mission is to help our customers be ready for anything, and Microsoft’s recognition of our ability to add innovation, value, and efficiency across the supply chain make us extremely proud.” Read the press release here.

So what’s the secret to our success?

From our early days to today, we’ve never let our momentum falter. Learn how we’ve been breaking new ground, developing new methodologies, and improving supply chain software from the very beginning.
See how it all began →
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Kappahl Selects ToolsGroup to Support Its Thriving and Growing Fashion Brand https://www.toolsgroup.com/news/kappahl-selects-toolsgroup-to-support-its-thriving-and-growing-fashion-brand/ https://www.toolsgroup.com/news/kappahl-selects-toolsgroup-to-support-its-thriving-and-growing-fashion-brand/#respond Thu, 11 Jan 2024 14:00:19 +0000 https://www.toolsgroup.com/?p=68500 The Nordic fashion retailer employs ToolsGroup’s innovative JustEnough® retail planning solution for enhanced business performance and accelerated growth.   BOSTON – January 11, 2024 ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been selected by Kappahl, a leading fashion chain in the Nordics, to drive better planning decisions, supporting and accelerating its business growth. Kappahl is a leading retail chain across Northern Europe. With approximately 340 brick-and-mortar stores and a bustling ecommerce site, the retailer offers responsibly-produced, everyday fashion to customers in Sweden, Norway, Finland, Poland, and the UK. The company is committed to offering sustainable fashion choices to its expanding customer base through more efficient business practices strengthened by the most powerful retail planning technology. “At Kappahl, we aim to provide ethically produced, fashionable clothes to customers throughout our region and beyond,” said Caroline Ahlberg, Vice President Kappahl Assortment and Marketing. “We knew we needed to adopt more effective and scalable business practices and planning solutions to maintain our momentum in the accelerating retail environment. In ToolsGroup, we found a long-term partner who could provide the expertise and solutions to support our constantly evolving supply chain network and drive the digital transformation necessary for customer satisfaction and future business growth.” Kappahl selected ToolsGroup’s JustEnough Dynamic Retail Planning & Execution suite. This solution integrates Merchandise Financial Planning (MFP) and Assortment Planning (AP) with Kappahl’s existing technology stack. MFP enables the retailer to create dynamic plans across buying seasons throughout its omnichannel ecosystem and align departments on financial objectives. AP determines the optimal product mix for each channel, location, and season to delight customers and maximize sales. This combination of financial guidance and localized assortments helps Kappahl enhance its business performance and achieve its aggressive growth objectives. “By leveraging AI powered inventory planning solutions from JustEnough, Kappahl will be able to perfectly balance the top-line merchandising requirements for growth with the bottom-line demand for profitability,” said ToolsGroup CEO, Inna Kuznetsova. “ToolsGroup is excited to help Kappahl achieve its vision of being a leader in affordable and responsible fashion. Improving full price sell-through without stockouts will help Kappahl continue its impressive growth trajectory while satisfying customers and boosting financial performance.” Meet ToolsGroup at NRF Booth #3948 and learn why customers around the globe are employing JustEnough to Support their growth and strategic initiatives. Book a meeting to learn more about the latest advancements in retail planning HERE. Customers and analysts alike recognize ToolsGroup as a retail planning leader. See the growing list of analyst accolades and customer recognition awards HERE.

About Kappahl Group

Founded in 1953 in Gothenburg, Sweden, the Kappahl Group is a leading fashion chain in the Nordics, with around 360 Kappahl and Newbie stores in Sweden, Norway, Finland, Poland and the UK, and online in more than 20 markets throughout Europe and Asia. We want to make a difference in the fashion world and to lead the way by always keeping our promises: taking care of the world around us, minimizing the environmental impact for each garment. And at the same time fulfil our employee promise “We promise you the right to always be yourself – a place to belong. The Kappahl team consists of some 4,000 colleagues in nine countries, all with different backgrounds, ages, skills and styles. Our common motivation is to create a responsible world of fashion and offer fashion fit for life to a wide variety of people and lifestyles. A responsible fashion that feels right, for the bearer and for the world we live in. Today, more than 80% of the products are made of certified and/or preferred materials. Kappahl’s goal is 100% by 2025 and Kappahl’s overall climate goal is to halve the value chain’s climate emissions by 2030. More information at kappahl.com

About ToolsGroup

ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels, and inventory – delighting customers and achieving financial and sustainability KPIs. That’s why we’re trusted by leading companies like Abercrombie & Fitch, Co., Bulgari, and Kappahl. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com.]]>
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ToolsGroup Named a Leader in the SPARK Matrix for Retail Assortment and Management Applications by Quadrant Knowledge Solutions https://www.toolsgroup.com/news/toolsgroup-named-a-leader-in-the-spark-matrix-for-retail-assortment-and-management-applications-by-quadrant-knowledge-solutions/ https://www.toolsgroup.com/news/toolsgroup-named-a-leader-in-the-spark-matrix-for-retail-assortment-and-management-applications-by-quadrant-knowledge-solutions/#respond Tue, 09 Jan 2024 12:00:07 +0000 https://www.toolsgroup.com/?p=68323 BOSTON – January 9, 2024 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named a technology leader in the SPARK Matrix™ analysis of Retail Assortment and Management Applications by Quadrant Knowledge Solutions (QKS). The Quadrant Knowledge Solutions SPARK Matrix: Retail Assortment and Management Applications, Q4, 2023 includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Retail Assortment and Management Application (RA&MA) vendors in the form of its SPARK Matrix. It gives users strategic information to evaluate vendor capabilities, competitive differentiation, and market position. This is the fourth consecutive SPARK Matrix in which ToolsGroup has been featured. The company was named a technology leader in Intelligent Retail Pricing & Promotion Optimization and Global Supply Chain Inventory Optimization. It also achieved the primary leadership position in the Retail Forecasting and Replenishment matrix. According to Sahil Gupta, Chief Product Officer at ToolsGroup, “ToolsGroup’s JustEnough solution has long been recognized as a leader in retail planning and execution. These powerful capabilities have now been enhanced with EvoAI, which enables quantum analytics and advanced optimization. Armed with artificial intelligence, goal-based optimization and low-latency data, retailers can sense, predict, and respond to minute but crucial market changes, allowing for optimal real-time decisions that boost revenue while satisfying customer expectations.” “We’re excited to be leading the charge in the application of AI in the retail planning space, and we’re proud to be recognized for these efforts,” said ToolsGroup CEO, Inna Kuznetsova. “Our greatest satisfaction, however, comes from working alongside our customers to achieve real-world benefits with these innovations. With responsive AI and real-time insights, we’re building the future of supply chain and retail planning – one typified by customer-centric processes that reduce waste for better business performance and greater sustainability.” Additional Resources:
  • Meet us at NRF Booth #3948 and learn why JustEnough keeps getting named a leader! Book a meeting to learn more about the latest advancements in retail planning HERE.
  • See the list of industry accolades awarded to ToolsGroup by customers and analysts HERE.
  • Download the SPARK Matrix for Retail Forecasting and Replenishment report HERE.

About ToolsGroup

ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory – delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com.   Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com  ]]>
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ToolsGroup and NTT DATA Embark on New Partnership, Raising the Standard for Supply Chain Digital Transformation https://www.toolsgroup.com/news/toolsgroup-and-ntt-data-embark-on-new-partnership-raising-the-standard-for-supply-chain-digital-transformation/ https://www.toolsgroup.com/news/toolsgroup-and-ntt-data-embark-on-new-partnership-raising-the-standard-for-supply-chain-digital-transformation/#respond Wed, 20 Dec 2023 13:00:18 +0000 https://www.toolsgroup.com/?p=67460 BOSTON – December 20, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, and NTT DATA, a global digital business and IT services leader, have announced a new global partnership that will expand opportunities for organizations to make smart, efficient supply chain digital transformation decisions, supported by leading AI-driven technology and industry expertise. “At ToolsGroup, we are constantly looking for new ways to apply our industry-leading software to help companies navigate uncertainty,” said Mauro Adorno, ToolsGroup VP Global Alliances. “We’re deeply invested in developing AI that keeps our customers at the vanguard of supply chain best practices, and we seek out partners whose skill and expertise can only enhance our customers’ experience and success. That’s why we’re delighted to partner with NTT DATA. Together, we provide the solutions, industry know-how, and change management experience that will reshape how companies approach and achieve successful digital transformation.” The ToolsGroup-NTT DATA partnership is already bringing value to one of the largest paint distributors in the APAC region, optimizing working capital investment in inventory, enhancing customer satisfaction, and improving internal efficiencies. “NTT DATA’s supply chain consulting practice is built on fact-based strategies that leverage the analytics, expertise, and market intelligence that help organizations thrive amid volatility,” said Neelesh Asati, VP of Supply Chain Consulting, NTT DATA Services. “In ToolsGroup, we found a partner whose technological prowess and supply chain experience complements our own drive to help companies understand the impacts, nuances, and benefits of supply chain management in this new commercial landscape. We look forward to providing our mutual customers with a holistic approach to supply chain that marries technology with a people-first mentality, molding digital transformation to be a tool for success at all levels of the organization.” Both companies are also proud to be Microsoft partners, with ToolsGroup having recently won Microsoft’s Best ISV Partner Award for the third year running and NTT DATA becoming a Microsoft Global System Integrator Partner this past August. This adds further value for companies looking for top-of-the-line solutions backed by powerful collaboration from top names in supply chain and technology. For more information about the ToolsGroup partner network, click HERE.  

About NTT DATA

NTT DATA is a $30 billion trusted global innovator of IT and business services. We help clients transform through business, technology, and supply chain consulting, industry and digital solutions, applications development and management, managed edge-to-cloud infrastructure services, BPO, systems integration and global data centers. We are committed to our clients’ long-term success and combine global reach with local client service in over 80 countries. Visit nttdata.com or LinkedIn to learn more.  

About ToolsGroup

ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels, and inventory – delighting customers and achieving financial and sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com.]]>
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ToolsGroup/Engage Alliances Summit 2023 Launches New Era for ToolsGroup and Its Global Partners  https://www.toolsgroup.com/news/toolsgroup-engage-alliances-summit-2023-launches-new-era-for-toolsgroup-and-its-global-partners/ https://www.toolsgroup.com/news/toolsgroup-engage-alliances-summit-2023-launches-new-era-for-toolsgroup-and-its-global-partners/#respond Tue, 19 Dec 2023 13:00:33 +0000 https://www.toolsgroup.com/?p=67121 ToolsGroup’s sprawling partner network celebrates a history of collaboration and innovation while springboarding into the next generation of AI-powered supply chain transformations.   BOSTON – December 19, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, welcomed members of its partner ecosystem to the ToolsGroup/Engage Alliances Summit 2023 in Vienna, Austria. The event both reflected and drove the community’s momentum, articulating the company’s progress, expounding on strategic acquisitions and product updates, and continuing to nurture fruitful collaborations. One of the event highlights was the distribution of the ToolsGroup Partner Awards, recognizing partners who exemplify the collaborative mindset and industry expertise that catalyze successful supply chain transformation. “After an exciting period of change and growth, it was wonderful to gather again as a community to discuss the learnings and successes of the past year,” said ToolsGroup CEO, Inna Kuznetsova. “The energy and excitement is palpable as we look ahead to a future brimming with collaborative opportunities. We’re grateful to have such engaged and insightful partners, and together, we look forward to fulfilling our mission to make supply chain a force for good worldwide.” ToolsGroup congratulates the winners of the 2023 ToolsGroup Partner Awards. Global VAR of the Year: Awarded to Optilon for consistently demonstrating tenacity, expertise, and a commendable collaborative spirit. The company exhibits exceptional skill in harnessing ToolsGroup’s solutions and an unwavering commitment to supply chain optimization and operational efficiency. “Our holistic approach helps companies find unique solutions to complex supply chain challenges,” said Richard Barkevall, CEO. “Our 15-year partnership has been integral to the success of our customers, leveraging powerful ToolsGroup technology and our Nordic expertise to maximize business impact for organizations across the region.” Longest-Standing Partner: Awarded to Israel-based Rasner Logistic Software for its profound competence, partnership-driven attitude, and commitment to supply chain excellence. “Our thriving customer base relies on the innovations born of this partnership,” said Amnon Rasner, CEO. “We’re grateful for this recognition and look forward to continuing this tradition of mutual respect, collaboration, and innovation.” Best Referral Partner of the Year: Awarded to Italy-based Carpe Diem Valuenet, for driving customer value through their expertise, relationships, and tailored solutions. “Our partnership with ToolsGroup helps us equip our customers with the vital resources and solutions that effect successful supply chains,” said Federico Turco, Board Member. “This accolade reflects our shared mission to maximize value for our clients.” Rookie Partner of the Year: Awarded to one of ToolsGroup’s newest partners, Spain-based Lãberit, for its dedication to enhancing customers’ supply chain performance through technological innovation. “ToolsGroup’s machine learning and Lãberit’s consulting expertise is a powerful combination,” said Pablo Boix, SCM BU Manager. “We’re excited to develop this partnership further, transforming supply chains as we expand into new regions.” Most Challenging Partner Deal: Awarded to NTT DATA and LogicaMatrix for co-navigating one of the year’s most complex deals with finesse and commitment. According to Jukka Korpela, Business Consulting Managing Directors at NTT DATA, “Our membership in the ToolsGroup community empowers us to neutralize supply chain challenges by joining our data-driven strategies with other industry-leading supply chain experts. We’re grateful to ToolsGroup and LogicaMatrix for their collaborative efforts that helped us deliver a powerful solution to the customer.” Manoranjith Pathekkara, Leader, Digital Supply Chains at LogicaMatrix, added: “We are delighted to be part of the ToolsGroup community for the past nine years, contributing to the establishment of ToolsGroup’s presence in this region. Our commitment involves delivering powerful, transformative solutions alongside consulting partners like NTT Data and to make significant impact and market reach. This collaborative network serves as a crucial avenue for accumulating and sharing industry expertise, enabling us to provide cutting-edge solutions that contribute to our customers’ prosperity.” Technology Partner of the Year: Awarded to Plannet-Warrant Hub for enabling smart decision-making through collaboration, commitment to innovation, and advanced software solutions. “It’s immensely satisfying to be honored with the Technological Partner of the Year award. This recognition reflects the unwavering commitment and expertise of the entire Plannet team, consistently navigating a path of continuous evolution. For our clients, it reaffirms the exceptional quality of the software solutions we deliver,” said Fabrizio Arnaldi, Head of Sales BU Digital Supply Chain of Plannet-Warrant Hub.” Emerging Market Partner of the Year: Awarded to One Forecast whose tireless dedication to introducing ToolsGroup technology to Australia and the ANZ region has been nothing short of extraordinary. “One Forecast’s drive is to bring our customers’ the world’s leading Supply Chain Planning technology and as such we’re thrilled to work alongside ToolsGroup in Australia and New Zealand,” said Leo van Rensburg, Managing Director One Forecast Pty Ltd. System Integrator of the Year: Awarded to EY for its dedication to leveraging ToolsGroup technology to neutralize the threat of market volatility while enhancing customer satisfaction and profitability. According to Andrea Mariani, Director, “At EY, our purpose is building a better working world. ToolsGroup’s powerful solutions, combined with our business and technological acumen, help us amplify supply chain benefits for companies worldwide, from more resilient business operations to a more robust bottom line.” Additional Resources:
  • For more information on ToolsGroup’s partner program, click HERE.
  • For a list of ToolsGroup’s accolades from customers and analysts alike, click HERE.
 

About ToolsGroup

ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels, and inventory – delighting customers and achieving financial and sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com.]]>
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