ToolsGroup Review - why 3.4 stars?

Shlomi 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.

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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.

Frequently Asked Questions (FAQs)

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.