Total Tools Selects Mi9 Retail for Demand Forecasting, Inventory Planning, and Replenishment
MIAMI, July 9, 2018 /PRNewswire/ -- Mi9 Retail, a leading provider of omni-channel retail solutions, is pleased to announce that Total Tools has selected the Mi9 Retail Demand Forecasting, Inventory Planning, and Replenishment solutions to support its business modernization strategy.
Founded in 1977, Total Tools is Australia's largest independent professional tools retailer. The company currently has 71 stores in Australia and offers access to over 60,000 products nationwide. Total Tools stocks an extensive range of the best-known professional tool brands to customers who use them for a living.
Total Tools had grown to the point where manual systems and processes could no longer support its complex business model and future growth plans. What's more, the retailer's spreadsheet-based forecast and replenishment processes and systems were limiting its ability to plan and allocate its inventory as effectively as it wanted to. In fact, according to Bizfluent, "administrative errors, such as errors in receiving processes or accounting errors, account for 15.3 percent of inventory loss."
Total Tools turned to Mi9 Retail to optimize its planning and replenishment processes. "We were particularly impressed with the depth of functionality and maturity of the Mi9 Retail replenishment solution," said Ross Matthews, General Manager Supply Chain at Total Tools, "so when we realized that they could meet our key requirements with very little customization, we were sold."
"Our best-in-class demand forecasting solution will enable Total Tools to get a quick return on investment by increasing inventory turnover rates and reducing both inventory holding and waste," said Neil Moses, CEO of Mi9 Retail. "We look forward to helping Total Tools develop sustainable growth strategies in the ever-maturing professional tools market," he concluded.
About Total Tools
Founded in 1977, Total Tools is Australia's largest independent professional tools retailer. The company currently has 71 stores in Australia, and offers access to over 60,000 products nationwide. Total Tools stocks an extensive range of the best-known professional tool brands to customers who use them for a living.
About Mi9 Retail
Mi9 Retail is the fastest growing provider of enterprise software for retailers, wholesalers, and brands. Mi9 enables the world's leading retailers to automate and optimize their entire Plan-to-Sell™ process, from planning to executing, influencing, and selling merchandise in-store, online, and on any device. Mi9 corporate retail systems facilitate better planning, master data management, allocation, and replenishment, and Mi9 customer engagement and point-of-purchase systems boost revenue across digital and brick-and-mortar channels. Our solutions are connected via a common analytics framework that serves as the foundation of the system and speeds time to insight with role-based dashboards, KPIs, and governed self-service data discovery. Mi9 Retail is committed to helping retailers on their path to success, so they can maximize revenue and customer engagement while minimizing costs. Visit www.mi9retail.com to learn more.
SOURCE Mi9 Retail
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