ToolsGroup, Exhibiting at Retail Technology Show, Announces Significant Enhancements To JustEnough® For Retail Planning
Version 2023.1 of the ToolsGroup retail planning solution adds best-in-class capabilities to its robust software offering
BOSTON and LONDON — April 26, 2023 — Today at Retail Technology Show in London, ToolsGroup, a global leader in retail and supply chain planning and optimization software, has announced the launch of critical new functionality in the JustEnough Dynamic Retail Planning & Execution suite. In this release, ToolsGroup introduces dynamic, real-time allocation and replenishment capabilities, as well as stock-mix optimization functionality. It also fully integrates JustEnough with the Inventory Hub® Dynamic Data Unification Platform. These product enhancements link perpetual inventory signals to critical merchandise planning modules. This gives retailers in-the-moment visibility into inventory and inventory-related events and enables them to take fast action based on these insights.
JustEnough version 2023.1 offers the latest enhancements, including:
- Real-Time Retail: This native integration of the Inventory Hub Dynamic Data Unification Platform with Allocation, Replenishment, and Fulfillment connects real-time inventory insights with merchandising applications designed to act on these insights. Real-Time Retail empowers merchants to respond faster to changing shopping patterns and gain significant competitive advantage.
- Stock-to-Service Curves that add the ToolsGroup SO99+ industry-leading stock-mix optimization capabilities to JustEnough retail forecasting. This delivers service-driven planning that allows users to better manage risk and uncertainty while still lowering overall inventory costs and increasing service levels.
- Performance Upgrades that streamline functionalities across Assortment Planning, enabling easier top-down planning and providing upgrades that power better decisions faster.
“In the age of unified commerce, a revitalized merchandising approach empowers retailers to develop competitive, customer-centric business practices,” said Inna Kuznetsova, CEO of ToolsGroup. “With this new release of JustEnough, merchants achieve the operational agility and resilience they need to deliver an enhanced shopping experience across all channels. Connecting real-time inventory insights with merchandise planning applications enables truly dynamic retail planning. This not only improves the experience for customers but also optimizes business performance and supports sustainability objectives.”
The new functionality available in this latest release further solidifies JustEnough by ToolsGroup as a leader in retail planning. The integrated, end-to-end merchandise planning suite helps retailers create more accurate forecasts, more agile merchandise financial plans, and more precise inventory and stock plans. Powered by automation, AI and real-time inventory data, retailers can respond faster to changing shopping patterns. Customers using JustEnough report a 10% reduction in lost sales, 20% increases in inventory turns, and over 25% increase in planning efficiency, all while achieving overall revenue growth.
For more information about JustEnough and detailed use cases, read our blog on the v2023.1 release here.
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 ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com.