About ToolsGroup
Who we are
We help retailers, distributors, and manufacturers navigate uncertainty to exceed customer expectations while maximizing profitability.
Our supply chain and retail planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, inventory, and margins – delighting customers and achieving financial and ESG KPIs. Thanks to powerful AI solutions that leverage real-time data from across the enterprise to plan and execute at the speed of business, our customers quickly improve product availability and service levels while reducing inventory–no matter how varying their demand, elaborate their network, or complicated their operations. For companies struggling at the intersection of complexity and variability, we offer the most effective demand forecasts, the most powerful inventory optimization, and the greatest service level improvements.
Our values power our daily work
Our values of Innovation, Passion for Excellence, Collaboration, and Reliability are at the core of our culture, and help us deliver for our customers every day. We believe in integrity and keeping our commitments, and that when we collaborate we can do more. We’ve been innovators since our inception, and our team is encouraged to experiment and find solutions to our customers' most challenging planning issues.
Innovation
We were founded to find new and creative solutions to supply chain challenges and will never stop.
Passion for excellence
We care deeply about delivering the finest outcomes in everything we do.
Collaboration
We listen to understand our customers’ needs, so we can deliver the best results.
Reliability
Our customers and partners can count on us to follow through on our commitments and be there when they need us.
Innovation
We were founded to find new and creative solutions to supply chain challenges and will never stop.
Passion for excellence
We care deeply about delivering the finest outcomes in everything we do.
Collaboration
We listen to understand our customers’ needs, so we can deliver the best results.
Reliability
Our customers and partners can count on us to follow through on our commitments and be there when they need us.
ToolsGroup at a Glance
99%
Product availability
20 – 50%
Reduction in inventory
10 – 30%
Less waste
40 – 90%
Reduction in planning workload
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. We partnered with ToolsGroup so that no matter what tomorrow brings, we can deliver service to customers while effectively managing our inventory.
Despite its power and level of sophistication, ToolsGroup is highly automated for an extremely low cost of ownership.
Our people are the lifeblood of our company
Our History
In 1976, Eugenio Cornacchia, a young MIT master’s graduate in Operations Management joined MIT-associated Draper Lab to work on a challenging project for Fiat’s Automotive Spare Parts Division. FIAT had unmanageable inventories and one of the lowest service levels in the European automobile industry. This needed to be fixed.
Back then inventory planning and forecasting was done using simple “deterministic” calculations based on traditional inventory theory. Eugenio had a different idea. He signed up a group of talented MIT graduates who had collaborated in the NASA Apollo space project and together they invented a new spare parts system in less than a year. It was the world’s first “stochastic” software that incorporated probability-based algorithms across an entire supply chain planning system, from forecasting to inventory optimization and replenishment.
Then in 1980, Cornacchia met Joseph Shamir, and the two made history.
In 1980 Eugenio joined Innovation Technology Partners (ITP) where he met the company’s COO Joseph Shamir. At ITP the two were part of a team that implemented the very first ‘factories of the future’ that paved the way for today’s global “Factory (or Industry) 4.0” movement.
Eugenio (Chief Scientist) and Joseph (CEO) founded ToolsGroup in 1993, commercializing the first service-driven supply chain planning and automation software, which proved to be decades ahead of its time.
Today, ToolsGroup is still finding new ways to help organizations keep up with the shifting trends and unpredictable demands of the real world.
As we’ve grown, we’ve continued to push the boundaries on what’s possible. We’re now helping companies around the world outsmart uncertainty to deliver stand-out customer experiences while maximizing profitability.
Discover our complete timeline of supply chain innovation
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