SOURCE: ToolsGroup

ToolsGroup

May 19, 2011 11:00 ET

ToolsGroup Receives Supply Chain Awards

Cited as Supply Chain Leader for Seventh Year

BOSTON, MA--(Marketwire - May 19, 2011) - ToolsGroup today announced that it was named recently to two "top 100" supply chain lists, the Supply & Demand Chain Executive 100 and the Inbound Logistics Top 100. A global supply chain planning and inventory optimization vendor, ToolsGroup has been cited in industry publications for more than seven years for helping its customers achieve supply chain excellence.

ToolsGroup was recognized in this year's Supply & Demand Chain Executive 100 for being a leading technology provider who helped its customers achieve supply chain excellence and position for the post-recessionary return to growth. ToolsGroup first received the honor in 2004.

This year's list features '100 Great Supply Chain Projects.' ToolsGroup is cited for a Sales, Inventory & Operations Planning (SI&OP) project at one of the world's largest electronics products distributors, serving 1.5 million customers worldwide. Within months, the new supply chain planning approach reduced inventory by more than $3 million, while maintaining a very high service level.

ToolsGroup was also recently named to this year's Inbound Logistics Top 100. Drawn from a pool of more than 300 contestants, the editors selected Logistics IT providers who are leading the way in scalability, simplicity, fast ROI, and ease of implementation.

"During the past three years, many enterprises made the strategic shift to better rationalize inventory with demand. ToolsGroup consistently provides the kinds of technology solutions Inbound Logistics readers need to achieve the visibility and control that makes that business logistics paradigm shift work," said Felecia Stratton, Editor of Inbound Logistics.

"We are proud to be recognized by both supply chain publications," said Joseph Shamir, CEO of ToolsGroup. "It is a privilege to be cited for our efforts to help our customers achieve the highest industry standards in supply chain planning."

About Supply and Demand Chain Executive
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web at www.SDCExec.com.

About Inbound Logistics
Since its inception in 1981, Inbound Logistics' educational mission is to illustrate the benefits of demand-driven logistics practices, give companies the knowledge to help them match the inbound flow of materials to their demand, and align their business process to support that shift. Inbound Logistics offers real-world examples and decision support to guide businesses to efficiently manage logistics, reduce and speed inventory, and offset rising transport costs, supporting business scalability across their value chain. More information about demand-driven logistics practices is available at www.inboundlogistics.com.

About ToolsGroup
ToolsGroup is an innovation partner for companies who want to achieve outstanding customer-service levels with less global inventory. Using our supply chain planning and inventory optimization solutions, our customers improve daily forecast accuracy and correctly set safety stocks to achieve up to 99+ percent customer-service levels while significantly cutting inventory. ToolsGroup has more than 200 customers in 31 countries worldwide. For more information on ToolsGroup and its solutions, please visit www.ToolsGroup.com.

Contact Information

  • Media Contact:
    Jeff Bodenstab
    For ToolsGroup
    617-263-0080 X209
    Email Contact