ToolsGroup Named a Leader in IDC Marketscape for Worldwide Supply Chain Inventory Optimization
BOSTON (December 13, 2019) ToolsGroup, a leader a global leader in supply chain planning software, has been named a leader in the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment.
ToolsGroup Service Optimizer 99+ supply chain planning software models supply chains with precision and decodes demand uncertainty for reduced cost and increased profitability and planner productivity. Its powerful service-driven demand modeling, inventory optimization, and replenishment planning/master planning help manufacturers, distributors and retailers achieve high customer service levels/in-stock fill rates while minimizing inventory.
According to IDC’s website, “Supply chain planning has become both central and critical to the success of the thinking, digitally enabled supply chain, and inventory optimization specifically is a key component of supply chain planning overall. Growing complexity in the supply chain has made inventory planning more challenging, both as a consequence of often larger demand forecast error and a lack of full visibility into supply issues and constraints. IDC would view a competent IO application as important to the success of the broader supply chain,” says Simon Ellis, global VP for IDC Manufacturing Insights’ Supply Chain Strategies Practice.
“ToolsGroup is proud to be recognized by IDC as a leader in inventory optimization,” said David Barton, ToolsGroup’s general manager of North America. “Our fundamentally different approach helps companies decode demand volatility so they can achieve aggressive service level targets with minimal inventory. Supply chain planning automation is all about making better, faster decisions and freeing up working capital.”
Access the IDC report IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment by Simon Ellis, Dec 2019 – IDC MarketScape – Doc # US45672017
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. Visit www.toolsgroup.com and follow us on Twitter @ToolsGroup.
ToolsGroup and Service Optimizer 99+ are trademarks of ToolsGroup. All other trademarks, registered trademarks and service marks are the property of their respective owners.