ToolsGroup, a global leader in retail and supply chain planning and optimization software, announced a partnership today with River Logic, Inc, a global innovator in advanced analytics for planning and decision support, offering both a platform for custom solutions as well as network optimization and production planning and scheduling applications. Combining River Logics advanced supply chain design and production capabilities with ToolsGroups award-winning demand planning, inventory optimization, and supply planning capabilities, customers can now benefit from a more comprehensive supply chain planning solution.
This strategic integration empowers organizations to leverage a unique modeling approach by providing visualization and scenario planning of the physical and financial value chain overlaid with a virtual representation of the actual flow of goods. This enables organizations to benefit from both longer-term strategic supply chain design variations and the resulting impact on inventory and service levels.
As a customer of both ToolsGroup and River Logic, I am very excited by this news, said Moid Alwy, Chief Supply Chain Officer at American Tire Distributors. Coupling physical supply chain design decisions with the digital flow of goods moving through the supply chain is the holy grail of the industry.
The ToolsGroup Service Optimizer 99+ (SO99+) supply chain planning solution empowers supply chain teams to make better decisions faster in times of supply and demand volatility. SO99+ provides end-to-end visibility through a digital supply chain twin that models goods and inventory movement. Equipped with probabilistic planning and advanced inventory optimization, the solution leverages powerful artificial intelligence and machine learning to better predict supply and demand requirements. This enables organizations to improve forecasts and reduce on-hand inventory while maximizing service levels.
We are excited to partner with ToolsGroup to enable a more comprehensive supply chain planning solution that, in turn, will offer more value to enterprises looking to establish more resilient and profitable supply chains, said Carlos Centurion, President of River Logic.
The foundation of River Logics technology is a Digital Planning Twin, which helps companies easily, quickly, and thoroughly assess a truly end-to-end set of scenarios. This includes the full value chain as-well as product portfolio, sustainability targets, and the financial impact in terms of profitability, and the ability to finance the operation.
The partnership with River Logic is a win-win for our joint customers, improving efficiency and providing powerful business benefits, said ToolsGroup CEO, Inna Kuznetzova. Closely linking supply planning with production planning will improve efficiency and performance for our customers. And connecting actual digital supply chain flows with the digital supply chain planning twin will give supply chain leaders the ability to act more quickly and make strategic decisions with more confidence.
Learn more about this partnership HERE.
ToolsGroups innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory – delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com.
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