ToolsGroup Review - why 3.4 stars?

ToolsGroup Review
ITQlick Score: 85/100
ITQlick Rating:
Pricing: 7.6/10 - high cost
Category: Supply Chain -> ToolsGroup review
Ranking:Ranked 10 out of 226 Supply Chain systems
Company: ToolsGroup
Pricing: starts at $570 per month
Typical customers: Small, medium and large size businesses
Platforms: Desktop
Links: ToolsGroup pricing, ToolsGroup alternatives
Shlomi LaviShlomi Lavi / updated: Oct 17, 2022

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What is ToolsGroup?

ToolsGroup software is a supply chain planning solution for medium and large businesses. It offers a number of features that include; an allocation and replenishment feature that calculates optimal inventory levels. The demand sensing and planning tool automates the creation of demand plans using machine learning.

The optimal optimization module factors in probabilities and multiple planning variables. It also provides a production planning tool that provides unparalleled visibility, control, and insight into the entire production lifecycle. ToolsGroup software is a product of Brookes Supply Chain Solutions, which is a company that is based in the United Kingdom.

Who is it best for?

Customers of the software include businesses of all sizes and a variety of types all over the world. It can be used in such major industries and domains as technology and IT services, retail and wholesale, automation and manufacturing, and others. Some notable clients of the software include Ingram Micro, Flying Cross, Bormilio Rocco, and others.

Main features and functionalities

The software offers management of unpredictable and intermittent demand along with the management of planning process. It offers accurate item-location level forecasts in addition to reliable statistical forecast and service level optimization. The software also offers assistance in leveraging the channel data and reduces the supply chain latency.

ToolsGroup offers demand sensing which improves near-time replenishment by responding more effectively to the actual end customer pull. It converges planning and execution through synchronization of upstream and downstream processes. Other capabilities include optimization of promotional outcomes, maximization of promotional ROI, inventory turnover improvement, custom reporting, and others.

What is the actual cost?

The cost of license starts at $570 per month. ITQlick pricing score is 7.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for ToolsGroup. You can also find here pricing information from ToolsGroup's website.

Pros

  • ToolsGroup has a powerful machine learning feature that drives demand forecasting
  • The software is easy to learn and use
  • ToolsGroup supports customization, allowing users to tweak the system to suit their business needs

Cons

  • Customizing or adjusting certain aspects of the software after implementation can be tricky
  • Errors on ToolsGroup can be difficult to troubleshoot sometimes

How it stacks up?

Access a head to head analysis of ToolsGroup vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
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ToolsGroup
ITQlick rating
3.4/5
Score
85/100
Pricing
7.6/10
License pricing
$570 per month
Functionality
3
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NetSuite...
ITQlick rating
4.2/5
Score
96/100
Pricing
4.8/10
License pricing
Pricing not available
Functionality
21
RedTail ...
ITQlick rating
3.7/5
Score
92/100
Pricing
5.4/10
License pricing
$99 per month
Functionality
6
Blast Ra...
ITQlick rating
4.4/5
Score
91/100
Pricing
5.6/10
License pricing
$500 per month
Functionality
6
elementum
ITQlick rating
4.4/5
Score
91/100
Pricing
6.6/10
License pricing
$19 per user/month
Functionality
3

Frequently Asked Questions (FAQs)

Is it the best Supply Chain system?

ToolsGroup is ranked 10 out of 226 software in their category (Supply Chain systems).

How they are rated on ITQlick?

The rating of ToolsGroup is 3.4 stars out of 5 and the total score is 85 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, ToolsGroup makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

No, currently ToolsGroup can't be accessed on mobile, you would need to access it from your computer.

What should we ask during a demo session?

Differences between ToolsGroup and alternatives?

The most popular alternatives to ToolsGroup in 2023: NetSuite Order Management, RedTail EDI, Blast Ramp, elementum, ProcurementExpress. Access the complete competitors analysis here - ToolsGroup VS Supply Chain Software alternatives.

Is ToolsGroup right for you or your business?

ToolsGroup is a supply chain management solution for businesses in aftermarket parts, consumer goods, manufacturing, retail, and distribution. The software is highly scalable for businesses of all sizes. Some notable clients that use ToolsGroup include Nespresso, Absolut, and ConsumerCo.

List of categories

Inventory Management
Supply Chain Planning

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.