ToolsGroup and NTT Data Partner on Supply Chain Digital Transformation

ToolsGroup and NTT Data partnered to help organizations in their supply chain digital transformation.

The partnership brings together ToolsGroup’s retail and supply chain planning and optimization software and NTT Data’s information technology and business services, the companies said in a Wednesday (Dec. 20) press release.

“NTT DATA’s supply chain consulting practice is built on fact-based strategies that leverage the analytics, expertise and market intelligence that help organizations thrive amid volatility,” Neelesh Asati, vice president of supply chain consulting at NTT Data Services, said in the release. “In ToolsGroup, we found a partner whose technological prowess and supply chain experience complements our own drive to help companies understand the impacts, nuances and benefits of supply chain management in this new commercial landscape.”

Via the partnership, the companies will provide their mutual customers with technology and expertise to make their supply chain digital transformation a success, according to the release.

ToolsGroup and NTT Data are already working together with a company to help it optimize its working capital investment in inventory, embrace customer satisfaction and improve internal efficiencies, the release said.

“Together, we provide the solutions, industry know-how and change management experience that will reshape how companies approach and achieve successful digital transformation,” Mauro Adorno, vice president of global alliances at ToolsGroup, said in the release.

Retail and manufacturing companies are investing in digital technology to improve procurement operations and limit business disruptions caused by future supply chain breakdowns, according to “Digital Payments: Modernizing Procurement Processes,” a PYMNTS and Corcentric collaboration.

In other news in this space, Blue Yonder said Dec. 12 that it added generative AI capability to its range of supply chain solutions. The firm’s new Blue Yonder Orchestrator helps companies make sense of their data and use it to make decisions more quickly and intelligently.

In September, Alloy.ai added new predictive and generative AI features to its software platform, aiming to help consumer brands overcome their sales, inventory, forecasting and supply chain challenges. With these new features, consumer goods brands can avoid out-of-stocks and on-time in full (OTIF) fines, grow incremental sales, forecast more accurately and achieve full visibility into their finished-goods supply chains.

For all PYMNTS B2B and Digital Transformation coverage, subscribe to the daily B2B and Digital Transformation Newsletters.