ToolsGroup Releases "Instant Replay" Tool to Improve Supply Chain Planning and S&OP

PHOENIX, May 11, 2015 /PRNewswire/ -- GARTNER Supply Chain Executive Conference -- ToolsGroup announces the immediate availability of a new supply chain simulation tool "Instant Replay" for change management and continuously improving supply chain processes. Instant Replay enables planners to review historical events and compare multiple scenarios at a detailed Daily/Customer/SKU-Location level.

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Most supply chain simulation tools are forward-looking and only offer an aggregated view. Instant Replay uniquely lets users retrospectively analyze demand, inventory, supply and service level events. They can drill down to an unprecedented level of detail, such as by warehouse, SKU-Location or even individual order. It brings huge processing power and memory to bear and leverages a very powerful optimization engine.

A fundamental problem in supply chain planning is that it is very difficult to track how specific past events and activities relate to personal and organizational KPI attainment. Even where KPI deviation is clear, it may not be clear at all why the deviation occurred.

Instant Replay operates like a "golf swing analyzer" for supply chain planning professionals. It lets planners go back to a specific time period and visually simulate the subsequent events, comparing three scenarios:

• Actual - what happened within a specific observed time interval
• Planned - what should have happened, based on released S&OP plans
• Potential - optimized recommendations based on circumstances at the time, without benefit of hindsight

As with the golf-swing analyzer, Instant Replay helps supply chain planners diagnose strengths and weaknesses in order to continuously improve. For instance, comparing "Potential" and "Planned" shows the value of "manual overrides." If the overrides add value, Instant Replay identifies how the planning model should be improved. If they subtract value (e.g., bias, overbooking, capacity constraints), it identifies where the S&OP process needs to be tuned.

According to Joseph Shamir, ToolsGroup's CEO, "Instant Replay was born out of a growing demand to forensically analyze individual supply chain events to isolate problems. We encourage our customers to continuously improve their planning outcomes by leveraging granular data in their planning processes."

About ToolsGroup
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. Reliable behind-the-screen technology and scalable statistical models enable highly intelligent data-driven decision making, combined with ease of use. ToolsGroup's solutions span key supply chain planning areas such as Demand Forecasting and Collaboration, 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.

About Gartner Supply Chain Executive Conference
The Gartner Supply Chain Executive Conference is the world's most important gathering of supply chain leaders. The event features analysts specializing in all supply chain disciplines and offers an unrivaled resource for chief supply chain officers, their supply chain leadership teams and organization as whole when it comes to advice and expertise. This year's Gartner Supply Chain Executive Conference will explore the new meaning of supply chain excellence in the digital age–preparing leaders to push past traditional boundaries, drive innovation, and uncover new sources of value for the enterprise. For more information on the conference, visit http://www.gartner.com/technology/summits/na/supply-chain/.

CONTACT:
Jeff Bodenstab
VP of Marketing, ToolsGroup
Office Phone: 617 263 0080
Mobile Phone: 978-979-1161
E-mail: [email protected]

SOURCE ToolsGroup

Related Links

http://www.toolsgroup.com