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What is ToolsGroup?

Service Optimizer 99+ (SO99+) is a powerful solution designed to enhance both inventory management and service levels in an environment where traditional rules may not apply, ensuring you consistently meet or surpass service expectations. While other providers may prioritize accuracy in forecasting, ToolsGroup remains dedicated to delivering exceptional service levels. By adopting a service-oriented strategy, we strategically allocate inventory throughout the supply chain to successfully achieve ambitious service level objectives. You can confidently define your service targets, knowing that you will reach them with a minimal investment in inventory. SO99+ integrates uncertainty modeling into various aspects of supply chain planning, including demand forecasting, inventory replenishment, and overall inventory forecasting. Additionally, the probability-based forecasting feature of SO99+ allows for an assessment of potential outcomes along with their likelihoods, enabling precise calculations of optimal inventory levels. This comprehensive approach not only streamlines operations but also enhances overall customer satisfaction.

What is Thermostock?

Thermostock effortlessly connects with all ERP systems, automatically identifying and enhancing low-volume SKUs, which enables procurement teams to focus on items with consistent demand, particularly categories A and B. The process of SKU rationalization becomes easier through automation, as Thermostock assesses recent sales data for all SKUs in stock, marking those that have not sold in the last year as either nonstock or special orders, thus effectively curbing unnecessary purchases and minimizing dead stock. You can set inventory policies that reflect your unique goals, guaranteeing that your inventory management strategies are specifically designed to achieve your objectives. Additionally, Thermostock automates the determination of optimal Min/Max levels by scrutinizing the latest sales trends for each SKU and integrating those suggestions back into your ERP system. To combat overstocking challenges, Thermostock recommends a monthly review of surplus low-volume items, redistributing them to areas where demand still exists. By leveraging AI, Thermostock consistently evolves and fine-tunes its recommendations, ensuring that your inventory optimization strategies stay relevant amidst fluctuating sales patterns and market conditions. Consequently, businesses can benefit from improved efficiency and lower expenses, leading to a more streamlined supply chain and enhanced operational success. This innovative approach not only maximizes resource utilization but also fosters a proactive inventory management environment that can adapt to future challenges.

Media

Media

No images available

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows
Mac
Chromebook

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Not specified

Training Options

Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

ToolsGroup

Company Location

United States

Company Website

toolsgroup.com

Company Facts

Organization Name

Thrive Technologies

Date Founded

2001

Company Location

United States

Company Website

thrivetech.com

Categories and Features

Demand Planning

Not specified

Inventory Control

Allocation
Forecasting
Item Management
Procurement Management
Reorder Management
SKU / UPC Codes
Supplier Management

Inventory Management

Alerts/Notifications
Forecasting
Inventory Optimization
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management

Supply Chain Planning

Not specified

Categories and Features

Supply Chain Planning

Not specified

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