NEW BLOG - Promotions are a double-edged sword for retailers. While they can drive short-term sales, overuse can lead to promotion cannibalization, where consumers become overwhelmed by too many discounts. This not only erodes margins but also dilutes brand value in the long run. In addition, retailers stuck in a cycle of escalating discounts often find themselves in an unprofitable loop, with diminishing returns and little volume uplift. So, what's the solution? Our latest blog delves into strategies for smarter promotions that strike the right balance between boosting sales and preserving brand integrity. ⏩ Read more: https://bit.ly/4aidYnY #toolsgroup #supplychain #AI #promotion
ToolsGroup
Software Development
Boston, MA 33,845 followers
ToolsGroup is a global provider of AI-powered supply chain planning and optimization software.
About us
AI-powered supply chain and retail planning to successfully navigate uncertainty - ToolsGroup helps retailers, distributors, and manufacturers improve the resilience and performance of their operations with a unique probabilistic planning approach that leverages AI and real-time data from across the enterprise for decision-making at the speed of business. ToolsGroup is also a great place to work! Visit https://www.toolsgroup.com/careers to see current opportunities.
- Website
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https://www.toolsgroup.com
External link for ToolsGroup
- Industry
- Software Development
- Company size
- 201-500 employees
- Headquarters
- Boston, MA
- Type
- Privately Held
- Founded
- 1993
- Specialties
- Inventory Optimization, Supply Chain Planning, Demand Planning and Collaboration, VMI planning and replenishment, S&OP, Demand Analytics, Trade Promotions Forecasting and Media Analysis, business software, supply chain, and Machine Learning
Locations
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Primary
75 Federal St.
Boston, MA 02110, US
Employees at ToolsGroup
Updates
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Revolutionizing fashion retail supply chain - How to tackle complex inventory allocation challenges head-on. This innovative approach considers item selling probabilities, operational constraints, and more, surpassing traditional inventory theory tools. An article focused on computational prowess and real-world testing. Fabrizio Fantini Elena Marocco Paolo Brandimarte Giuseppe Craparotta
For a change, a paper that was actually motivated by a real-life problem in fashion retail. Thanks to Fabrizio Fantini of ToolsGroup for the opportunity of using #operationsresearch on a challenging problem, as well as to coauthors Giuseppe Craparotta and Elena Marocco. #fashion #retail #optimization #inventory https://lnkd.in/dEDpytQ2
Inventory reallocation in a fashion retail network: A matheuristic approach
sciencedirect.com
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🌟 The Future of Supply Chain Management? Decision-Centric Planning! In today’s dynamic business environment, supply chain management plays a pivotal role in driving operational efficiency, enhancing customer satisfaction, and ultimately, ensuring business success. Traditional planning methods, while effective in stable environments, may fall short in today's volatile markets. Decision-centric planning offers a paradigm shift, focusing on making informed decisions to foster agility and adaptability to navigate uncertainty effectively. In the first article of our decision-centric planning blog series, we explore what this concept entails and how it can revolutionize your organization's approach to supply chain management. Learn more by visiting our blog: https://bit.ly/3JZOPnf #toolsgroup #supplychain #AI
Decision-Centric Planning: Unlocking Supply Chain Success | ToolsGroup
toolsgroup.com
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Chain drug stores face unique challenges that demand restructuring and enhanced efficiency. It's not just about cutting costs; there's a crucial need to spend more wisely, especially by updating pricing strategies. Discover the importance of dynamic pricing models, transitioning from linear to value-based strategies, to adapt to evolving macroeconomic factors. Explore the role of data granularity and AI algorithms in providing personalized customer care and staying competitive against online pharmacies. Dive deeper into these insights in the article by Fabrizio Fantini, VP of Product Strategy at ToolsGroup. Read more: https://bit.ly/3JTNMp7 #toolsgroup #supplychain #AI #pricing #retail
Make dynamic pricing, data granularity a priority - CDR – Chain Drug Review
https://chaindrugreview.com
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𝐍𝐞𝐰 𝐁𝐥𝐨𝐠 - Discover the power of 𝐀𝐧𝐭𝐢𝐟𝐫𝐚𝐠𝐢𝐥𝐞 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧𝐬 in our latest post. Unlike traditional chains, they thrive amidst uncertainty by embracing adaptability and resilience. Learn how 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 success drives improved order fill rates, forecast accuracy, and product freshness. 🔗 Read more to unlock the secrets of a resilient supply chain: https://bit.ly/3wyRPUy #toolsgroup #blog #supplychain
Thriving in Uncertainty: The Antifragile Supply Chain | ToolsGroup
toolsgroup.com
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The U.S. Department of Labor reports a steady increase in retail employment, with 20,000 jobs added in April and an average of 7,000 jobs per month over the past year. As the retail sector adapts to online sales growth, there’s a rise in tech-related job applications, prompting changes in supply chains and delivery networks. Discover the evolving job roles in fashion and retail with insights from our CEO Inna Kuznetsova: https://bit.ly/3UxG6O1 via Sourcing Journal. #toolsgroup #retail #supplychain #AI #careers
Retail Job Growth (Finally) Sees an Uptick
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ToolsGroup è orgoglioso di supportare CSCMP Italy Roundtable e DigitforFashion Lab alla conferenza 𝐂𝐒𝐂𝐌𝐏 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐅𝐨𝐨𝐝 & 𝐖𝐢𝐧𝐞 𝟐𝟎𝟐𝟒 𝐅𝐢𝐫𝐞𝐧𝐳𝐞. L'evento è incentrato sulla logistica del settore Food&Wine, con focus su argomenti critici come la gestione della catena di fornitura, la digitalizzazione, la sostenibilità, la qualità, i trasporti e le consegne, lo stoccaggio, la pianificazione e gli acquisti. Registrati adesso per assicurarti il tuo posto: 📅 Data: 29 maggio 🕙 Orario: 10:00-17:30 📍 Dove: Cinema The Space, Firenze Novoli 🔗 Registrati qui: https://bit.ly/4abIoIL #toolsgroup #supplychain CSCMP - Council of Supply Chain Management Professionals Igino Colella Mirco Marzadori Rinaldo Rinaldi
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Fantastic day at the Gartner Supply Chain Symposium/Xpo™ in Orlando today! On stage, we had an engaging discussion about the project of one of the fastest-growing exterior building products companies in the United States: Cornerstone Building Brands. They shared insights on leveraging digital supply chain technology to unlock value as they embark on a fast-paced growth journey with an aggressive acquisition strategy. Connecting network optimization with supply chain planning and manufacturing execution, Cornerstone showcased how they craft their digital roadmap journey using technology to streamline operations and deliver supply chain excellence. Curious to learn more? Swing by ToolsGroup Booth #817 in the Planning Village and chat with our supply chain experts! #toolsgroup #supplychain #GartnerSC #AI #digitaltransformation Christopher Gonzales Kevin Young
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Heading to the 𝐆𝐚𝐫𝐭𝐧𝐞𝐫 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐒𝐲𝐦𝐩𝐨𝐬𝐢𝐮𝐦/𝐗𝐩𝐨™ in Orlando? Make sure to carve out some time to connect with us! Drop by Booth #817 in the Planning Village to join the excitement of the Supply Chain Wheel of Fortune. Test your luck for a chance to win fantastic prizes while exploring how #ToolsGroup can revolutionize your #supplychain operations. Ready to take your supply chain to the next level? Schedule a personal consultation with our experts to explore customized solutions tailored to tackle your unique challenges and goals. See you there! Eric Austvold Rob Garrett Kevin Young Mark Gallant #GartnerSC
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ToolsGroup is proud to support CSCMP Italy Roundtable and DigitforFashion Lab at the 𝐂𝐒𝐂𝐌𝐏 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐅𝐨𝐨𝐝 & 𝐖𝐢𝐧𝐞 𝟐𝟎𝟐𝟒 𝐅𝐢𝐫𝐞𝐧𝐳𝐞 conference. This event is centered around Food & Wine Logistics, highlighting critical topics such as Supply Chain Management, Digitalization, Sustainability, Quality, Transport & Deliveries, Warehousing, Planning, and Purchasing. Don’t miss out! Register now to secure your spot: 📅 Date: May 29 🕙 Time: 10:00-17:30 📍 Location: The Space Cinema, Firenze Novoli 🔗 Register here: https://bit.ly/4aawejf CSCMP - Council of Supply Chain Management Professionals #toolsgroup #supplychain Igino Colella, Mirco Marzadori, Rinaldo Rinaldi, Andrea Ausili, Paolo Guidi, diego lai, Massimo Podda, Gianluca Santori.