ToolsGroup

Users of ToolsGroup's SO99 software have found it to be highly effective in solving a range of complex supply chain issues. By centralizing order planning and managing forecasts, including those of customers, the software has helped businesses optimize their inventory and solve stock issues. The ability to create and visualize forecasts at different levels, such as product and market structure, has allowed for deep analysis of forecast accuracy and improved decision-making.

One of the key business problems that SO99 solves is the need for accurate demand forecasting. By utilizing historical data and machine learning algorithms, the software provides concise demand forecasts that take into account future demand rather than relying solely on historical patterns. This enables users to plan sales and inventory purchases more effectively, reducing inventory levels and ensuring better control over service levels. Additionally, the software allows for the management of purchasing and inventory levels by market, helping businesses make adjustments to their strategies in response to challenging material markets.

Another significant problem addressed by SO99 is optimizing inventory management. The software helps maintain optimum inventory levels and reduces touch rate on forecasts and ordering proposals. Users have experienced a significant improvement in forecast accuracy, resulting in better control over service and reduced workload for their teams. Furthermore, the software allows for streamlining inventory management processes, ensuring high service levels to customers while solving imbalances between warehouses.

SO99 also tackles supply and capacity constraints by improving forecast accuracy and reducing inventory levels. By aligning supply with demand, businesses can address imbalances and make more informed decisions about resource allocation. This not only leads to improved efficiency but also helps reduce costs associated with excess inventory or shortages.

In summary, ToolsGroup's SO99 software provides an effective solution for businesses looking to optimize their inventory management and improve demand forecasting accuracy. By centralizing order planning, visualizing forecasts at different levels, utilizing historical data combined with machine learning algorithms, and addressing supply constraints, SO99 helps businesses achieve better control over their supply chains while reducing costs and improving customer service.