The product allows them to manage and respond to demand volatility, the company said. Users can draw on ToolsGroup's advanced inventory modeling and optimization engine. A secure, cloud-based portal allows for easy uploading of data and the retrieval of inventory recommendations. Users get SKU- and location-level inventory targets, such as safety stocks and reorder points, for a monthly charge. In the process, they can deploy optimized inventory targets using their current systems and procedures. The new service is available both from ToolsGroup and its partner network.
