ToolsGroup Recognized as a Leader in the IDC MarketScape: Worldwide Supply Chain Planning for Spare Parts/MRO Industries
BOSTON – February 3, 2025 – ToolsGroup, a global leader in supply chain planning and retail optimization software, today announced it has been positioned as a Leader in the IDC MarketScape: Worldwide Supply Chain Planning for Spare Parts/MRO Industries 2024 Vendor Assessment (Doc ID #US51541424, December 2024).
The IDC MarketScape evaluated 12 vendors in the Spare Parts/MRO Supply Chain Planning Marketscape based on each vendor’s current capabilities and future strategy.
ToolsGroup provides a uniquely effective approach to inventory optimization and demand planning leveraging probabilistic planning and decision support to manage the product line across SKUs.
“We’re proud to be recognized by IDC MarketScape as a Leader in Worldwide Supply Chain Planning for Spare Parts, and Manufacturing, Repair and Operations,” said Kevin Young, Chief Marketing Officer and EVP of Growth at ToolsGroup. “We know that our customers in this space are challenged by intermittent fluctuations in demand and need for critical parts availability, requiring a flexible and scalable solution that can manage and automatically balance inventory in a way that provides truly optimal service level attainment. ToolsGroup gives companies AI-supported capabilities that ensure service targets are achieved with the lowest possible inventory investment, freeing working capital and improving margins.”
About IDC
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors o ftechnology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
About ToolsGroup:
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 sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, and YouTube, or visit www.toolsgroup.com.
Media Contact:
Escalate PR for ToolsGroup