ToolsGroup Launches in U.S. Inventory Optimization Market

European solution provider sets up shop in Boston, targets distribution-intensive businesses

European solution provider sets up shop in Boston, targets distribution-intensive businesses

Boston — February 10, 2004 — ToolsGroup, a provider of inventory optimization software solutions for distribution-intensive businesses, this week launched its U.S. operations, based in Boston.

The company made the announcement this week at the SAP Logistics and Supply Chain Management 2004 conference in Las Vegas.

"Inventory optimization software is a fast growing supply chain software segment and is increasingly viewed as a critical tool for improving customer service and cutting inventory costs," said Julie Fraser, principal and industry analyst with Industry Directions. "Much of the current market focus has been on manufacturing, supply and postponement. ToolsGroup fills a need by focusing on multi-echelon fulfillment for distribution-intensive industries such as consumer goods and aftermarket parts."

"We see a large market opportunity in the U.S.," said Joseph Shamir, CEO of ToolsGroup. "The U.S. market for inventory optimization software is the largest and fastest growing in the world. After successfully building our 70-company customer base in Europe, establishing a presence in the U.S. is the natural next step for us. We are already working with several large customers in the United States, and now we are significantly increasing our sales, marketing and customer service to deliver our value proposition."

In addition to Boston, ToolsGroup has offices in The Netherlands, Italy, Spain, the United Kingdom and Canada, serving customers in 28 countries and including such enterprises as British Petroleum, Castrol and Luxottica.

ToolsGroup says its solutions "bolt-on" to various supply chain and enterprise resource planning (ERP) suites, such as SAP, i2, Manugistics, Oracle and PeopleSoft, allowing businesses to leverage existing information technology (IT) investments.

The provider says that the solution offers proprietary analytics and stochastic modeling, and that the software is well suited for companies with multi-echelon distribution networks that require high customer service levels.

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