TireHub Partners with ToolsGroup to Optimize Supply Chain Efficiency
Demand forecasting and inventory planning will bolster TireHub’s service-driven strategy
BOSTON, Mass. (Nov 20, 2019) ToolsGroup, a global leader in supply chain planning software, is pleased to announce TireHub has selected ToolsGroup as a partner to implement an innovative demand and supply systems solution that will support the company’s rapid growth. TireHub is a national tire distributor that delivers the full passenger and light truck tire portfolios of Bridgestone and Goodyear to tire and automotive retailers.
TireHub will utilize ToolsGroup’s supply chain planning automation software, including demand forecasting, inventory optimization and service level optimization to support its mission to distribute the highest quality products possible to customers. TireHub will also eventually utilize machine learning-augmented demand sensing to improve responsiveness to market changes and predictability of seasonal impacts.
“As a service driven company, having the right tires in the right place at the right time is essential to the success of our customers and our business,” said Sylvia Wilks, Vice President of Operations at TireHub. “Partnering with ToolsGroup is right for our business because their expertise in demand forecasting and planning will help us meet our service promises and be that much better for our customers. ToolsGroup shares many of the same values as TireHub – a passion for customer satisfaction, a relentless focus on continuous improvement and an adventurous approach to finding solutions that work best for their customers.”
ToolsGroup helps companies around the world better understand their demand, resulting in increased service, minimized inventory and freed up working capital.
“Changing consumer expectations and competitive pressures make exceptional service an imperative in the tire industry,” said David Barton, ToolsGroup’s general manager of North America. “Helping companies profitably balance service and cost is what we do best. We’re proud to partner with TireHub to enable faster, smarter decisions that better serve their customers.”
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ToolsGroup is a global provider of service-driven supply chain planning and demand analytics software. Our customers overcome demand volatility and supply chain complexity for outstanding service levels with reduced inventory. ToolsGroup’s service-driven planning platform features probability forecasting and stock mix optimization enhanced by machine learning automation for highly intelligent data-driven decision-making. ToolsGroup solutions include Demand Planning & Sensing, Inventory Optimization, Allocation & Replenishment, Demand & Supply Collaboration, Promotions Planning and S&OP.