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BOSTON - ToolsGroup has been named an industry leader in a recent QKS Group review evaluating vendors on probabilistic forecasting capabilities for retail supply chain planning, according to a company press release issued Wednesday.
The report, titled "The Retail Forecasting Gap - Why Probabilistic Forecasting is Retail’s Mandatory Upgrade," highlighted ToolsGroup’s ability to deliver end-to-end demand orchestration through its advanced demand engine, which generates probability distributions for SKU-location-time combinations.
QKS Group analyst Dharun R stated that ToolsGroup "distinguishes itself by making probabilistic forecasting not just insightful, but operational," noting its capability to translate probability distributions into real-time inventory and replenishment actions.
The review emphasized that probabilistic forecasting is becoming essential for retail demand planning and supply chain resilience rather than merely a competitive advantage. ToolsGroup was recognized specifically for its system that continuously learns and adapts while enabling autonomous supply chain execution.
Kevin Young, CMO and EVP of Growth at ToolsGroup, commented on the recognition, saying the company empowers organizations "to control both demand and supply using probabilistic modeling and prescriptive AI."
The Boston-based company provides planning solutions for retailers, distributors, and manufacturers to manage supply chain uncertainty.
QKS Group, formerly known as Quadrant Knowledge Solutions, tracks over 220 technology markets and provides research and advisory services.
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