ToolsGroup Picks Up Mi9 Retail’s Demand Management Biz
Supply chain planning and optimization provider ToolsGroup has acquired Mi9 Retail’s demand management business.
The deal is expected to help the company advance its end-to-end planning offerings to equip today’s multichannel retailers with more resilient, profitable and future-proof supply chains.
ToolsGroup’s modular solution architecture is designed to help retailers more easily select the products they need as part of a cohesive planning solution. The company said customers can achieve a 15-30% reduction in inventory while improving product availability as much as 99% reducing lost sales by up to 50%.
[See also: Enabling a Future-Proof Supply Chain]
“JustEnough and its talented and passionate team in retail are a perfect complement to ToolsGroup service-driven, highly-automated supply chain planning and optimization,” said Joseph Shamir, CEO of ToolsGroup. “Together, we’re equipping retailers with a 360-degree supply chain view that is real-time, predictive and actionable.”
This acquisition coincides with the closing of a growth investment received by ToolsGroup from tech investment firm Accel-KKR. Accel-KKR initially invested in ToolsGroup in 2018.
