ToolsGroup, a provider of inventory optimization software solutions for distribution-intensive businesses, today announced it was listed as one of the top 100 technology solution providers to the food industry by Food Logistics magazine.
ToolsGroup was chosen because it was identified as a software, hardware or IT service provider whose solutions best address the complex issues of the food industry. The 100 selected companies focus on the unique needs and "pain points" of the food supply chain, and offer technologies that provide a competitive advantage.
Our inventory optimization software helps food companies improve product freshness and customer service, explained Joe Shamir, CEO of ToolsGroup. We help them overcome the struggle to have the products customers want on the shelves, yet keep inventories small and fresh enough to minimize costs, spoilage and out-of-date product returns. ToolsGroup addresses these problems by helping food industry companies create the right inventory mix.
Supply Chain Inventory Strategies Benchmark Report December 2004
The majority of manufacturers and distributors rely on out-of-date, too simplistic, or overly localized inventory policies. By doing so, companies tie up working capital, harm customer retention, and hurt shareholder value-added. Faced with lengthening supply channels and tighter service-level demands from customers, many companies are now wholesale reexamining how to flow inventory across their supply chains and how to set inventory policies. In general, companies are finding they have been burdened with inventory misconceptions (including around Lean principles), oversimplification, corporate discomfort with changing inventory strategies, and significant underinvestment in breakthrough collaboration and optimization technology.
DPM Suite Product Brochure
DPM is the first Service Driven supply chain planning and replenishment engine. DPM assists management in Service Strategy planning and drives operations to guarantee Service Levels with minimum stocks.