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ToolsGroup And Chainalytics Partner To Optimize Inventory
For Consumer Goods Manufacturers, Wholesalers And Retailers
Boston and Atlanta - September 7, 2004 - ToolsGroup and Chainalytics LLC today announced a strategic partnership to enable Chainalytics' expert supply chain analysis capabilities through the application of ToolsGroup's inventory optimization technology. The partnership will optimize inventory strategies for manufacturers, wholesalers and retailers with complex supply chain requirements.
ToolsGroup is a provider of inventory optimization software solutions for distribution-intensive businesses from strategic network design to daily operations. Chainalytics is a consulting and analytical outsourcing firm specializing in applying decision sciences technologies to strategic and tactical supply chain planning. Both companies share a common goal: developing highly efficient inventory strategies for inventory intensive companies with complex supply chain networks.
"Inventory optimization tools and techniques offer untapped potential value for most leading companies," said Mike Kilgore, president of Chainalytics. "ToolsGroup offers unparalleled technology for positioning finished goods inventory to deliver optimized customer service levels. Their unique ability to solve complex distribution problems will greatly enhance our established methods and existing tools partnerships."
The two companies have begun collaborating at several Fortune 1000 companies who are investing in additions to their ERP and supply chain infrastructure to achieve the highest possible customer service levels (fill rates) and optimized inventory strategies.
"To insure a high level of service to our customers, ToolsGroup aligns with best-of-breed partners in the fields of supply chain planning and inventory optimization," said Joseph Shamir, ToolsGroup CEO. "Chainalytics is a respected leader in supply-chain and inventory optimization and they bring a deep understanding of consumer goods and other distribution-intensive industries, making this relationship a perfect fit."
About Chainalytics
Chainalytics, LLC specializes in providing leading companies advanced consulting and outsourcing services to improve supply chain performance. Specializing in the application of advanced decision sciences technology, Chainalytics supports improved strategic, tactical and operational decision-making in the areas of supply chain strategy, transportation planning and inventory planning. For more information, visit the website at www.chainalytics.com.
About ToolsGroup
ToolsGroup provides inventory optimization software solutions for distribution-intensive businesses. Its powerful analytics solution optimizes distribution chain inventory from assembly of finished goods to the end consumer, and from strategic network design to daily operations. It allows supply chain managers to meet demanding service levels, while reducing inventory and operating costs. With more than 70 customers in 28 countries, it is the most experienced inventory optimization software provider worldwide. For more information on ToolsGroup and its solutions, please visit www.ToolsGroup.com.
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