ToolsGroup, the leading inventory optimisation software provider for distribution-intensive businesses, announced a new breakthrough module, the Parallel Simulator, for benchmarking, monitoring and controlling a businesss inventory optimization process.
One of the major hurdles in optimising inventories is going beyond identifying inventory targets to delivering operational results and maintaining long-term success. Until now, achieving these goals was hampered by the difficulty of connecting supply chain actions (such as ordering too much inventory) to the resulting event (such as an overstocked product). Connecting the cause and effect was obscured by multiple echelons in the supply chain and by time delays. It often took several weeks to identify the implications of a supply chain action, event or disruption.
ToolsGroups new Parallel Simulator solves this problem by creating a mirror image of the distribution network. Running a parallel event simulation of the distribution chain allows the user to both identify disruptions in the actual supply chain and tie them back to their root cause.
The solution measures and compares the performance of the actual inventory replenishment process against an ideal process. It provides detailed analysis of discrepancies down to the SKU level. When results are off-target, the simulator delivers pinpoint troubleshooting. This permits a unique benchmarking and control of the inventory planning and optimisation processes.
The bottom line is that our customers want to insure that their inventories are optimised for the long term, said Joseph Shamir, CEO of ToolsGroup. They want make sure their supply chains remain calm and minimise disruptions. We consider it a necessary part of a total inventory optimisation solution.
The module is available to all customers using ToolsGroups DPM inventory optimisation product. The Parallel Simulator is now fully operational in two large consumer goods companies, one in the