BOSTON and BARCELONA, Spain, June 20, 2016 /PRNewswire/ -- ToolsGroup announced today that it will offer new 'Pay as You Grow' commercial terms to early stage online retailers. These terms let eligible customers make a relatively modest initial investment for ToolsGroup's supply chain planning software, paying more as revenues grow. Growing businesses get to punch above their weight and capture market share early by gaining access to powerful supply chain planning software typically only available to larger companies.
An example of ToolsGroup's first Pay as You Grow customers is Ulabox, a Spanish pure-play online supermarket established in 2011. Ulabox uses ToolsGroup SO99+ to optimize inventory and replenishment planning, and also promotional forecasting. The software helps Ulabox free up working capital that is typically dear to early stage growth companies, and enables exceptional service to its 250,000+ customers in Barcelona and Madrid. As Ulabox aggressively expands its product range to attract new customers, SO99+'s advanced algorithms help forecast demand for the inevitable growth in both fast moving and 'long-tail' inventory items.
According to D. Ricardo Ribes, Director of Operations Ulabox, "Thanks to ToolsGroup's Pay as You Grow model we gained access to knowledge, experience and tools that optimise customer service and logistics costs, enabling us to grow faster. First impressions count when you're offering a new business model. Without ToolsGroup, it would have been harder for us to offer the quality of experience to tempt customers away from their usual grocery store."
According to Joseph Shamir, ToolsGroup, CEO, "Supply chain software is no longer just for the large enterprise. We're pleased to help promising e-commerce players hit the market with outstanding service levels through our new Pay as You Grow commercial terms."
This innovative new pricing model is available immediately to qualified early stage online retailers. To find out more about the programme, contact your local ToolsGroup office or partner at www.toolsgroup.com/en/about-us/offices/americas.html.
Created in 2010, Ulabox is Spain's first pure-play online supermarket. Customers can order more than 12,500 items from its central warehouse in Mercabarna from any Internet-connected device. Ulabox currently enjoys a satisfaction rate of 95% thanks to customers who value the retailer's brand selection, fresh produce, competitive prices and the new opportunity to take delivery in less than 24 hours between 7:00 am and 11:00 pm. Based in Barcelona and led by the entrepreneur Jaume Gomà, Ulabox has doubled in size year on year, reaching 4 million in revenue in 2014. Visit the press room www.ulabox.com/press
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 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.