ToolsGroup is a supply chain planning solution for large enterprises which offers an integrated set of tools to help manage demand and supply forecasting including demand collaboration, demand sensing, multi-echelon inventory optimization (MEIO), new product introduction, production planning, sales and operations planning (S&OP), supplier collaboration, vendor managed inventory (VMI), and more. ToolsGroup aims to provide a platform for end-to-end management of supply chain planning, management, and fulfillment.
The ToolsGroup platform is designed to assist companies in optimizing their business planning and supply chain through application of supply chain planning automation, inventory optimization, and demand planning. By applying advanced algorithms, machine learning, and artificial intelligence (AI), businesses are able to automate many routine planning decisions, and discover a reliable baseline to work from. ToolsGroup aims to help users increase their revenue and retain customers by ensuring that products always maintain availability, optimizing inventory, and reducing manufacturing, warehousing, and transportation costs with more accurate forecasting.
Other capabilities within the ToolsGroup supply chain planning platform include demand sensing which uses current demand data to enhance short-term forecasts, S&OP (sales and operations planning) to align strategic sales plans with operational capabilities, and MEIO (multi-echelon inventory optimization) which uses demand and inventory modeling technology to assign service targets to SKU-L’s and optimize inventory investment. ToolsGroup also supports demand planning decision making with capabilities such as demand collaboration, production planning, social sensing, and promotion and media forecasting.
Software by Brookes Supply Chain Solutionswww.toolsgroup.com