Executive Briefings

ToolsGroup Issues 'Instant Replay' for Supply-Chain Simulation

ToolsGroup has released Instant Replay, a new supply-chain simulation tool. It allows planners to review historical events and compare multiple scenarios at the daily, customer and SKU-location levels.

Planners can go back to a specific time period and visually simulate subsequent events, comparing actual, planned and potential scenarios. In the process, they can diagnose strengths and weaknesses, with the goal of achieving continuous improvement. For example, comparing "potential" and "planned" scenarios allows users to show the value of manual overrides. If the override adds value, Instant Replay identifies how the planning model should be improved. If it does the opposite, the system identifies where the sales and operations planning (S&OP) process needs to be tuned. ToolsGroup offers applications for supply-chain planning in such areas as demand forecasting and collaboration, S&OP, demand sensing, promotion forecasting and multi-echelon inventory optimization.

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Planners can go back to a specific time period and visually simulate subsequent events, comparing actual, planned and potential scenarios. In the process, they can diagnose strengths and weaknesses, with the goal of achieving continuous improvement. For example, comparing "potential" and "planned" scenarios allows users to show the value of manual overrides. If the override adds value, Instant Replay identifies how the planning model should be improved. If it does the opposite, the system identifies where the sales and operations planning (S&OP) process needs to be tuned. ToolsGroup offers applications for supply-chain planning in such areas as demand forecasting and collaboration, S&OP, demand sensing, promotion forecasting and multi-echelon inventory optimization.

Read Full Article