BOSTON, March 8, 2017 /PRNewswire/ -- ToolsGroup announced today that it has achieved a top ranking in the MGI 360™ Ratings report for the Core SCM market. MGI Research gave ToolsGroup a POSITIVE outlook, scoring the company above its peer group in product, management team, distribution channel and financial health. MGI specifically credited ToolsGroup for investing early in machine learning, enabling its customers to accurately plan large, distribution-intensive supply chains using small teams. Visit here to read a summary of ToolsGroup's rating. The full report is available to MGI Research subscribers.
The MGI 360™ Ratings report for the Core SCM market draws on primary customer research to evaluate supply and demand planning software. Among the top technologies capturing customer and investor interest was machine learning. In a recent MGI Research webinar called "The State of Supply Chain Solutions: 2017", Vince Wicker, research director and co-head of the supply chain management practice, commented, "ToolsGroup has made investments in machine learning that are not an experiment, but deployed technologies. The company's incredible advances in this area have enabled companies to achieve massive supply chain scalability with two and three person planning teams."
Mr. Wicker explained that private equity investors and large institutional funds are taking a renewed interest in supply chain planning tools because they recognize their impact on key metrics like profitability, inventory turns and performance. This trend underscores why investors in ToolsGroup customers, like the global frozen food company Findus AB, have been actively engaged with supply chain planning software decisions and outcomes.
ToolsGroup's CEO Joseph Shamir commented, "As we make our debut into MGI Research's Core SCM market research, we're very pleased to be in a leadership position, particularly since the research acknowledges our early investments and successful deployments into machine learning. It is been particularly exciting for us to watch our early customers that adopted this technology gain distance from their competitors."
ToolsGroup is a global provider of "Powerfully Simple" supply chain planning and demand analytics software. Our customers overcome volatile demand and challenging supply chains to generate accurate forecasts and outstanding customer service levels with less global inventory. ToolsGroup's solutions span key supply chain planning areas such as demand forecasting and demand collaboration, sales and operations planning (S&OP), demand sensing, promotion forecasting and multi-echelon inventory optimization (MEIO). For more information, visit www.toolsgroup.com or follow us on Twitter @ToolsGroup.
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