BOSTON and LONDON – December 12, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce to has been named a technology leader in the SPARK Matrix™ analysis of Intelligent Retail Pricing and Promotion Optimization (IRP&PO) by Quadrant Knowledge Solutions (QKS).
The Quadrant Knowledge Solutions SPARK MatrixTM: Intelligent Retail Pricing & Promotion Optimization (IRP&PO), Q4, 2023 includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading IRP&PO vendors in the form of its SPARK Matrix. It gives users strategic information to evaluate vendor capabilities, competitive differentiation, and market position.
According to Saad F. Shaikh, Analyst at Quadrant Knowledge Solutions, “ToolsGroup’s comprehensive retail pricing solutions utilize advanced analytics to provide retailers with a holistic view of pricing and markdown strategies and assist retailers in managing and automating pricing throughout the product lifecycle. ToolsGroup’s AI-driven engine analyzes complex data at granular levels such as the combination of customer, product, location, and price point, in real-time to generate accurate demand forecasts and provide optimal price recommendations to retailers that maximize revenue. Furthermore, the company’s solutions provide a centralized space to plan promotional activities and execute effective promotions that maximize ROI.”
This announcement follows ToolsGroup’s recent acquisition of Evo, a leading developer of artificial intelligence solutions for business performance optimization, with customers such as Decathlon and Benetton already reaping the benefits. JustEnough, a long-established software leader in retail and already a leader in dynamic planning, now applies Evo’s non-linear optimization, quantum learning, and advanced prescriptive analytics to enhance its retail planning and execution processes and results.
According to Fabrizio Fantini, VP Product Strategy at ToolsGroup and founder at Evo, “This recognition reflects our continued momentum in developing sophisticated retail solutions that drive real-world results. JustEnough, ToolsGroup’s dynamic end-to-end retail planning and execution suite, enables organizations to overcome complexity and marketplace challenges while still satisfying customer demand. By enabling real-time decisions underpinned by Evo’s responsive AI engine, we help retailers automate and optimize pricing and promotions – protecting margins, eliminating waste, and improving efficiency for maximum ROI.”
“ToolsGroup is thrilled to be named a top technology leader in our second consecutive retail SPARK Matrix this year,” said ToolsGroup CEO, Inna Kuznetsova. “As retailers strive for high profit margins, excess inventory remains a challenge – especially during the post-holiday season. Our AI-powered price optimization tools analyze and convert size, color, model, and location data into optimal pricing recommendations. These insights, combined with our inventory optimization and stock rebalancing functions, help retailers satisfy demand while improving margins and minimizing waste.”
Additional Resources:
- Want to learn more? Come meet ToolsGroup at NRF 2024, Booth #3948. Save your meeting slot today.
- Download the SPARK Matrix report HERE.
- Learn more about Evo’s responsive AI HERE.
- Read more about ToolsGroup’s industry accolades HERE.
