Ciavarella Pneumatici Selects ToolsGroup to Revolutionize Supply Chain Planning
Leading Italian Tire Distributor Aims to Enhance Demand Forecasting, Inventory Management, and Customer Service
MILAN, ITALY and BOSTON, MA / ACCESSWIRE / November 19, 2024 / ToolsGroup, a global leader in retail and supply chain planning and optimization software, has been chosen by Ciavarella Pneumatici, one of Italy's premier B2B tire distributors, to enhance its supply chain planning processes. This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels.
Ciavarella Pneumatici has established itself as a cornerstone in the Italian tire distribution landscape, serving the B2B market with distinction. The company's dynamic approach and commitment to innovation have fueled its expansion to five strategically located warehouses, enabling comprehensive coverage of Central and Southern Italy. Ciavarella's efficient distribution system, coupled with a highly qualified staff, allows for rapid and punctual delivery, setting a new standard in customer service within the industry.
"In today's dynamic market, our focus is on maximizing customer satisfaction while mitigating the risks of overstocking and obsolescence," says William Ciavarella, one of the members of the founding family. "ToolsGroup's advanced supply chain planning and optimization suite will be instrumental in refining our inventory management strategy and enhancing our competitive edge. We're confident that ToolsGroup's expertise will provide the support we need to navigate the complexities of our supply chain operations and deliver exceptional value to our customers, staying true to our motto: ‘Your way, Your Business'."
ToolsGroup's solutions address Ciavarella Pneumatici's complex supply chain challenges, including managing diverse suppliers and forecasting demand for a wide range of products, from high-end to slow-moving items. The system accounts for critical variables like seasonal fluctuations, varying supplier lead times, and product lifecycles. ToolsGroup's suite, featuring Demand Planning, Inventory Optimization, and Replenishment modules, will help Ciavarella optimize stock levels across its network. Using advanced algorithms, the system will reduce complexity, calculate optimal stock targets, decrease inventory, and improve stock positioning. This is expected to minimize working capital and increase service levels, strengthening Ciavarella's position in the tire distribution industry.
Inna Kuznetsova, CEO of ToolsGroup, commented on the partnership: "We are thrilled to collaborate with Ciavarella Pneumatici, a company that shares our commitment to innovation and excellence in supply chain management. Our AI powered solutions will empower Ciavarella to navigate the complexities of the tire industry, enabling them to make data-driven decisions that optimize inventory, improve forecasting accuracy, and ultimately enhance customer satisfaction. This partnership underscores ToolsGroup's dedication to delivering cutting-edge technology that drives tangible business results in challenging markets."
About Ciavarella Pneumatici
Ciavarella Pneumatici is a leading national company in the distribution and sale of tires, primarily serving the B2B market. As one of Italy's most prominent tire distributors, Ciavarella has expanded its reach to encompass five warehouses, providing widespread service across Central and Southern Italy. Distinguished in its young, dynamic, and innovation-oriented approach, Ciavarella responds swiftly to customer needs through its highly qualified staff. The company's distributed warehouse network ensures an efficient distribution system with fast and punctual delivery services, even twice a day. Backed by a competent and professional sales force, Ciavarella offers highly competitive technical and commercial consultancy strategies, embodying their motto: "Your way, Your Business".
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, Twitter, and YouTube, or visit www.toolsgroup.com.
Media Contacts:
ToolsGroup
Escalate PR for ToolsGroup
toolsgroup@escalatepr.com
914-610-0221
SOURCE: ToolsGroup
View the original press release on accesswire.com
ToolsGroup
Subscribe to releases from ACCESSWIRE
Subscribe to all the latest releases from ACCESSWIRE by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESSWIRE
Mailbird Expands to Mac: Popular Windows Email Client Launches Much-Anticipated Mac App20.11.2024 08:00:00 EET | Press release
Email management is about to get easier for Apple users. SACRAMENTO, CA / ACCESSWIRE / November 20, 2024 / Mailbird, the email client trusted by millions of Windows users worldwide, is now available for Mac. After years of user anticipation, Mailbird's Mac app brings the same clutter-free simplicity and clean design language to Apple fans.Mailbird for Mac Mailbird for Mac "The launching of Mailbird for Mac marks a truly significant point in our company vision," said Alexis Dollé, Head of Growth at Mailbird. "Although we originally designed Mailbird for Windows, we always envisioned presenting our customers with a cross-platform app so they can enjoy a unified email experience no matter where they are. Mailbird for Mac is the first step towards achieving that goal." Focusing on customers' needs is nothing new to Mailbird. With user-favorite features-unified inbox, email tracking, third-party app integrations, advanced search capabilities, folders, and email signatures-Mailbird for Mac p
Linacre Investments Temporarily Caps the Digital Asset Innovation Fund20.11.2024 08:00:00 EET | Press release
Linacre Investments Limited, a leading institutional fund manager headquartered in the Isle of Man, has announced a $1 billion cap on its Digital Asset Innovation Fund. The decision comes in response to exceptional demand during the second half of 2024 and aims to ensure effective liquidity management. LONDON, UNITED KINGDOM / ACCESSWIRE / November 20, 2024 / The fund was designed to seize emerging opportunities within the rapidly growing digital asset sector by focusing on digital assets and blockchain-based companies driving innovation. It offers institutional and accredited high-net-worth investors a unique chance to leverage the transformative potential of these technologies. Over the past six months, the fund has experienced extraordinary demand, fueled by the increasing mainstream adoption of digital assets, recent regulatory advancements such as ETF approvals, and the momentum generated by the recent U.S. elections. Over the past twelve months, the Digital Asset Innovation Fund
Gran Fondo de Ciclismo de Bogotá: Boosting the Local Economy and Creating Jobs17.11.2024 03:00:00 EET | Press release
Bogotá will host one of the most anticipated sports events of the year: the Gran Fondo Bogotá x Egan. BOGOTÁ, COLOMBIA / ACCESSWIRE / November 17, 2024 / On November 17, Bogotá will host one of the most anticipated sports events of the year: the Gran Fondo de Ciclismo de Bogotá. This celebration of cycling will not only showcase the spirit of the sport but will also generate a significant economic and social benefit in the city, boosting local small and medium-sized businesses as well as the tourism and hospitality sectors. Invitation banner Gran Fondo de Ciclismo de Bogotá. Supporting the Local Economy The Gran Fondo de Ciclismo de Bogotá is making a significant contribution, injecting an impressive $3 billion COP (more than €640,000) into the local economy. This investment directly engages 42 Bogotá-based companies providing essential goods and services, many of them small businesses located in the neighborhoods along the race route. This translates into direct economic growth within
Polaris Renewable Energy Successfully Places USD 175 Million Bond Issue15.11.2024 12:00:00 EET | Press release
TORONTO, ON / ACCESSWIRE / November 15, 2024 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris" or the "Company") announces that it has successfully completed a private placement of USD 175 million senior secured green bonds. The bonds will have a tenor of five years and a fixed coupon rate of 9.5% percent per annum, with interest payable in semi-annual instalments. The bond issue is rated BB- by S&P Global Ratings and is issued under the Company's green finance framework with second-party opinion from Morningstar Sustainalytics. Marc Murnaghan, Chief Executive Officer of Polaris comments: "We are very pleased to successfully place Polaris' inaugural bond issue with strong interest from a wide set of international investors. The bond optimizes the Company's capital structure and secures financing for further growth and increased diversification of cash flow." Settlement of the bonds is expected to occur on or around December 3, 2024, subject to the satisfaction of customary condition
Loar Holdings Inc. Reports Q3 2024 Results, Upward Revision to 2024 and Initial 2025 Guidance13.11.2024 08:00:00 EET | Press release
WHITE PLAINS, NY / ACCESSWIRE / November 13, 2024 / Loar Holdings Inc. (NYSE:LOAR) (the "Company," "Loar," "we," "us" and "our"), reported record results for the third quarter of 2024. Third Quarter 2024 Net sales of $103.5 million, up 25.0% compared to the prior year's quarter. Net income for Q3 2024 was $8.7 million, up $5.8 million compared to the prior year's quarter. Diluted earnings per share of $0.09. Adjusted EBITDA of $38.1 million, up 31.8% compared to the prior year's quarter. Net income margin for the quarter improved to 8.4% from the prior year's quarter of 3.4%. Adjusted EBITDA Margin for the quarter was 36.8% compared to 34.9% for the prior year's quarter. Adjusted Earnings Per Share of $0.15. "Our third quarter results showcased our continued execution across all four of our strategic value drivers," stated Dirkson Charles, Loar CEO and Executive Co-Chairman of the Board of Directors. "We again achieved record net sales and Adjusted EBITDA, driven by strong demand in bo
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom