ToolsGroup Recognized as a Leader in the IDC MarketScape: Worldwide Supply Chain Planning for Spare Parts/MRO Industries
Worldwide Supply Chain Planning for Spare Parts/MRO Industries 2024 Vendor Assessment
The IDC MarketScape evaluated 12 vendors in the Spare Parts/MRO Supply Chain Planning Marketscape based on each vendor’s current capabilities and future strategy.
ToolsGroup provides a uniquely effective approach to inventory optimization and demand planning leveraging probabilistic planning and decision support to manage the product line across SKUs.
“We’re proud to be recognized by IDC MarketScape as a Leader in Worldwide Supply Chain Planning for Spare Parts, and Manufacturing, Repair and Operations,” said Kevin Young, Chief Marketing Officer and EVP of Growth at ToolsGroup. “We know that our customers in this space are challenged by intermittent fluctuations in demand and need for critical parts availability, requiring a flexible and scalable solution that can manage and automatically balance inventory in a way that provides truly optimal service level attainment. ToolsGroup gives companies AI-supported capabilities that ensure service targets are achieved with the lowest possible inventory investment, freeing working capital and improving margins.”