ToolsGroup, a provider of demand-driven inventory optimization solutions, has launched Service Optimizer 99. This service uses ToolsGroup technology to help client companies achieve record customer service levels of 99 percent or higher. Among the benefits of superior customer service levels are increases in growth, fewer lost sales, higher forecast accuracy, and stabilized supply chains with less working capital and less expediting.
What has held companies back in the past from achieving 99+ percent customer service has been a combination of poor forecast accuracy and incorrect safety-stock calculations. These reasons, combined with widespread use of obsolete and inadequate inventory modeling, have led to frequent stock-outs and excess inventory.
Service Optimizer 99 addresses this problem head on through Forecast MicroAllocation, which transforms demand plans into highly detailed forecasts, accurately allocated by day, SKU, and account-location. It also provides advanced statistical inventory modeling and mix optimization. ToolsGroup maintains that Service Optimizer 99 will help companies drive service levels to 99 percent and above, while improving supply chain stability and reducing overall inventories.
Company URL: www.toolsgroup.com