Executive Briefings

ToolsGroup Offers Outsourced Service for Optimizing Inventory Targets

ToolsGroup, a vendor of supply-chain planning software, has created an outsourced service which feeds optimized inventory targets to customers.

The product allows them to manage and respond to demand volatility, the company said. Users can draw on ToolsGroup's advanced inventory modeling and optimization engine. A secure, cloud-based portal allows for easy uploading of data and the retrieval of inventory recommendations. Users get SKU- and location-level inventory targets, such as safety stocks and reorder points, for a monthly charge. In the process, they can deploy optimized inventory targets using their current systems and procedures. The new service is available both from ToolsGroup and its partner network.

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The product allows them to manage and respond to demand volatility, the company said. Users can draw on ToolsGroup's advanced inventory modeling and optimization engine. A secure, cloud-based portal allows for easy uploading of data and the retrieval of inventory recommendations. Users get SKU- and location-level inventory targets, such as safety stocks and reorder points, for a monthly charge. In the process, they can deploy optimized inventory targets using their current systems and procedures. The new service is available both from ToolsGroup and its partner network.

Read Full Article