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Company: ToolsGroup

ToolsGroup is an innovation partner for companies who want to achieve highly accurate forecasts, outstanding customer-service levels and less global inventory. ToolsGroup provides software that analyzes demand history across multiple dimensions allowing for more reliable forecast and inventory targets to master demand volatility and deliver service level excellence.

Our innovative and advanced technologies enables the improvement and automation of the planning processes. These solutions span key supply chain planning areas such as Demand Planning, Demand Sensing, Promotion Forecasting and Inventory Optimization. We have more than 250 customers worldwide and one of the highest customer retention rates in our industry.

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Machine learning is a disruptive approach to forecasting, and retailers running complex omni-channel businesses in highly competitive markets must give serious consideration to machine learning based forecasting.

ToolsGroup in the News

Best Practices
For retailers, the ability to capture and analyze retail data to make marketing suggestions is well recognized, however, as a transformative technology, it’s no little black dress that pulls everything together, it’s actually an accessory, and the same can be said for machine learning. (May 01, 2017)

Best Practices
For most businesses, the “long tail” is growing, and you don’t have to be an internet retailer like Amazon to see it, companies are dealing with more slow moving items with intermittent demand and unpredictable demand patterns. (November 01, 2016)

Best Practices
Learn how The National Health Service, one of the biggest healthcare organization in the world, optimized its blood supply chain by leveraging data intelligence. (June 30, 2016)

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. (March 28, 2016)

Apple possibly overestimated the amount of growth it expected in early 2016, so iPhone sales are below the company’s internal estimates, and that might be a sign of trouble, or it might be a sign of overly aggressive attitudes within Apple. (January 07, 2016)

Best Practices
There are two equally important outputs of demand forecasting and you may be focusing nearly all your energy on only one, and maybe even the wrong one. (December 28, 2015)

Best Practices
Demand sensing tools are easing inventory burdens in many industries. Recent research points to which types of companies have been investing in those tools and when, and what kinds of results they have been seeing. (June 02, 2015)

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In 1 minute: What is Multi-Echelon Inventory Optimization (MEIO) by ToolsGroup. ...
What we do ToolsGroup is the world’s most experienced provider of demand analytics, inventory optimization and supply chain planning software...
In SCM World’s 2016 Future of Supply Chain Survey, we found big jumps in importance for a series of disruptive technologies with respect to supply chain...
Inventory Management and Warehouse Operations Links. Below is my list of links to Inventory Management, Manufacturing, Material Handling, and Warehousing related sites.
Atlas Copco. Our factory’s delivery performance is much better, the number of inventory errors has gone down and we can better handle the important spare parts orders.
IBP Inventory. In this video we demonstrate the actual functionality of SAP IBP Inventory module. Although you can watch this video without Part I, much of ...
Looking for online definition of DPM in the Medical Dictionary? DPM explanation free. What is DPM? Meaning of DPM medical term. What does DPM mean?
Definition of inventories in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is inventories? Meaning of inventories as a legal term.
Supply Chain Leaders are Embracing New Paradigms for Success
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