RISI Teams Up with ToolsGroup to Fuel Supply Chain Transformation and Drive Business Enhancements Amid Network Expansion
With an expanding customer base, the Spanish snack brand satisfies consumer demand (and hunger) with ToolsGroup AI-driven, automated supply chain planning solutions
BOSTON – April 18, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been selected by RISI, a leading Spanish snack brand, to help transform its supply chain operations, strengthen retail partner relationships, accelerate business growth, and maximize customer satisfaction.
RISI produces a broad assortment of snacks, turning out 250 million units every year, most of which are fast-moving items. Embracing recent growth opportunities, the company has opened up new sales channels, widening its network to include larger markets and major retail chains. This resulted in increased promotional activity and heightened customer demand.
“With 50 years of experience, RISI focuses on creating the perfect snack break for customers,” says Javier Paniagua Martínez, Director of Technology and Projects at Risi. “Now, with our proliferating sales channels, we’re able to reach even more people and spread RISI’s iconic smile. We recognized that this endeavor required a planning tool that could increase the speed and accuracy of our operations, improving supply chain visibility and driving fast, effective decision making to help us meet consumer demand. In ToolsGroup, we found not just the right technology, but also the right long-term partner who could help us establish sustainable inventory management practices, while achieving critical KPIs like demand fulfillment and margin protection.”
With RISI’s dynamic business growth and the need to make better decisions faster, the company selected ToolsGroup Service Optimizer 99+ (SO99+), a full suite of planning solutions that includes Demand Planning and Forecasting, Inventory Optimization, and Replenishment. Thanks to AI-powered capabilities, RISI can now forecast at multiple levels of aggregation, achieving a more in-depth understanding of consumer behavior. Equipped with automated, highly-adaptable inventory management solutions, the company can anticipate and respond quickly to market developments, aligning stock to location-specific demand. This way, regardless of how quickly its delicious snacks are flying off the shelves, RISI can meet demand with fast, accurate planning decisions that support its growing market share.
“As supply chains evolve, sustainable and rapid business growth hinges on the speed and precision of a company’s response to market changes,” said ToolsGroup CEO, Inna Kuznetsova. “Supply chain visionaries recognize that AI-driven dynamic planning solutions power fast, effective decisions. They outmaneuver uncertainty, achieve sustainability, expand market share, and deliver a superior customer experience. That’s why we’re excited to help RISI drive this digital transformation, leveraging smart, data-driven planning to maximize customer satisfaction and propel company growth, now and in the future.”
Learn more about how manufacturers successfully navigate supply chain uncertainty while reducing inventory up to 40% here.
Founded in 1971, Risi is a leading Spanish company that specializes in the production of snacks and appetizers. Headquartered in Madrid and a workforce of over 350 across four sites, Risi produces around 250 million packs of snacks in over 60 formats, all bearing its iconic branding. The company recently diversified its activities through the acquisition of biscuit and confectionery brands.
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.