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RebalanceAI as a Service enables retailers to optimise inventory placement across their network, boosting profitability
INDIANAPOLIS (December 12, 2024) – enVista, a leading supply chain and enterprise solutions provider, today announces the launch of RebalanceAI as a Service, a new industry offering developed in partnership with ToolsGroup. This dynamic inventory management software, offered as a Software as a Service (SaaS) model, can empower retailers to increase their profits by up to 12 percent without the need for a costly implementation process.
With RebalanceAI as a Service, enVista’s retail commerce consulting team can input your inventory data into ToolsGroup’s RebalanceAI tool to analyse your inventory positions and identify opportunities for repositioning to increase profitability.
enVista’s CEO, Jim Barnes, said, “Inventory represents one of the largest capital investments for retailers, yet even the biggest players often struggle with inventory misplacement across their networks. The introduction of RebalanceAI as a Service provides retailers with access to cutting-edge AI technology, enabling them to make smarter inventory decisions without the significant time and financial investment typically required for implementation. The combination of ToolsGroup’s technology and enVista’s retail consulting expertise will make inventory profitability more accessible to retailers nationwide.”
“We are excited to bring this cutting-edge prescriptive AI solution for inventory optimization to the retail market with enVista,” said Inna Kuznetsova, CEO of ToolsGroup. “Inventory excellence is a critical goal in 2025 for many retailers. This solution balances a retailer’s network based on real-time demand, stopping costly stockouts and overstocks. By combining this innovative ToolsGroup solution with the longstanding expertise of enVista’s consultants, the joint engagement quickly delivers significant customer value.”
Visit our website to learn more about enVista.
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About ToolsGroup
ToolsGroup’s 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 sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, X, and YouTube, or visit www.toolsgroup.com.
