ToolsGroup Launches Dynamic Fulfillment for Real-Time Order Fulfillment Optimization
–News Direct–
ToolsGroup, a global leader in retail and supply chain planning and optimization software, today announced the launch of Dynamic Fulfillment, a new addition to the JustEnough retail planning and execution suite. This capability enhances a retailers OMS with optimized fulfillment plan throughout omnichannel and ship-from-store networks, reducing costs, improving profits, and ensuring more satisfied customers.
The Dynamic Fulfillment solution from ToolsGroup helps us use data to make smarter, faster decisions to create an even better experience for our customers, said Paul Kisicki, VP of IT at Zumiez. The fulfillment optimization logic helps us generate operational efficiencies like reducing split rates and shipping costs while better serving the needs of our customers.
Unlike traditional, rule-based approaches, Dynamic Fulfillment evaluates every fulfillment option and simultaneously optimizes based on costs, margins, resources, and customer SLAs. Dynamic Fulfillment leverages real-time inventory, demand, and operational signals captured by ToolsGroups unique dynamic data unification platform, which provides a digital supply chain twin for optimal sourcing decisions. By integrating Dynamic Fulfillment into their existing order management systems, retailers realize benefits immediately upon adoption.
Core Benefits of Dynamic Fulfillment:
Reduce actual cost-to-serve by minimizing shipping and labor costs
Increase margins by avoiding forecasted markdowns in stores
Maximize profitability while meeting customer SLAs
Integrate seamlessly with any OMS through API-powered composable architecture
Power faster, more accurate decision making with real-time data on inventory
Customers report up to 5% reduction in shipping costs and up to 2% margin improvement
"Omnichannel fulfillment introduces new complexity into sourcing decisions. The increased size of the fulfillment network from a handful of centralized fulfillment centers to hundreds of stores makes it difficult to evaluate every possible option at the time an order is placed," said Inna Kuznetsova, CEO of ToolsGroup. "Our Dynamic Fulfillment solution analyzes hundreds of thousands of fulfillment permutations in real-time and optimizes based on multiple variables, considerably reducing shipping costs and delivering significant margin improvements."
Dynamic Fulfillment integrates with the rest of the ToolsGroup JustEnough solution to deliver unparalleled value and results to retailers around the world. With over 400 customers located in 45 countries, ToolsGroup enables intelligent decision making at the speed of business that transforms retail merchandising and supply chain planning. Customers report a 5% improvement in revenue growth and up to 25% increase in planning efficiency, on top of double-digit reductions in lost sales. Built-in automation cuts the planning workload by up to 90% and helps companies reduce waste by 10-30%.
For more information about Dynamic Fulfillment, read our blog on our new release and register for our upcoming webinar.
About ToolsGroup
ToolsGroups innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory – delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com.
Contact Details
Meir Kahtan
+1 917-864-0800
Company Website
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ToolsGroup
COMTEX_436786258/2655/2023-07-13T10:30:21