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Assortment planning platform

With today’s fast-changing market dynamics and diverse customer needs, a customer-centric retail strategy must include localizing assortments to address different needs.

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Solutions

Assortment planning platform

With today’s fast-changing market dynamics and diverse customer needs, a customer-centric retail strategy must include localizing assortments to address different needs.

Request a Demo
1123

Intelligent Assortment Planning with Solvoyo Platform

Assortment planning is the process of deciding the width and depth of the assortments for each sales channel, and it is the key step in getting the right product to the right customer. With today’s fast-changing market dynamics and diverse customer needs, a customer-centric retail strategy must include localizing assortments to address different needs. Therefore, Assortment Localization, the process of differentiating product offering or timing across markets is becoming the norm. However, managing hundreds of products across multiple sales channels and store clusters and calculating buy quantities based on different lifecycle strategies while keeping track of store capacities can be overwhelming.

Solvoyo Assortment Planning, a cloud-based solution that can be accessed from any smart device, makes Assortment Localization fast, easy and scalable. Retailers can now view the available options in a virtual showroom, select products for sales channels and store clusters and with a few clicks, get recommendations for buy quantities real time as they change lifecycles and flow timings.

With this cloud-based online tool, multiple planners could be updating assortment plans for their categories and the capacity usage and adopted styles can be viewed real time as additional styles are assigned to channels or clusters. Thanks to the seamless integration with Solvoyo Merchandise Financial Planning, users can select the OTB budgets for their category that are created in MFP and keep track of how they are doing against their budget in real time. For brick-and-mortar retailers looking to do Assortment Localization, clusters created in Solvoyo Clustering tool can be user in Assortment Planning with one click.

With this solution Solvoyo integrates the visual merchandising and the financial analysis part of the business in one step. It saves time for merchants and planners by doing all the heavy lifting in data processing and financial calculations so they can have time to focus on more strategic tasks rather than spending hours across multiple spreadsheets.

This is the solution for Retailers who are looking to achieve:

  • Simplified Assortment Planning and Assortment Localization process
  • Increased efficiency in the planning and buying process, so these teams can focus on growth opportunities
  • Doing more with less resources, so expansion to new countries and sales outlets does not mean having to grow the planning teams by multiples
  • Bringing together buying teams at different sites on the same platform and working within the same analytical framework
  • Provide online preview of assortments by store and channel
Ready to see our assortment planning platform in action?
Solvoyo Retail Planning Platform

Merchandise Financial Planning: An integrated and flexible way of doing top-down planning, category management and open to buy planning.

Line Planning: Solvoyo Line Planning, a cloud-based and with a user-friendly and configurable UI brings automation to product and line analysis and standardizes the planning process.

Product Lifecycle Management: Solvoyo’s cloud-based and fully configurable PLM solution helps digitize manual processes and workflows. It can be easily configured to meet the unique needs of the organizations.

Assortment Planning: With today’s fast-changing market dynamics and diverse customer needs, a customer-centric retail strategy must include localizing assortments to address different needs.

Size & Pre-pack Optimization: Solvoyo Size and Prepack Optimization solution helps fashion retailers determine the best size breakdown and prepack combinations that meet store-level size selling needs.

Retail Analytics: Retail Analytics solution combines data from multiple internal and external sources, drive insights from big data through visualization and diagnostic capabilities and help support decision-making faster and easier.

Vendor Collaboration: For a simplified and automated vendor management, Solvoyo’s Vendor Collaboration offers supplier scorecard and demand collaboration tools both for your organization and your vendors.

Test, Read & React: Test, Read and React process whereby a retailer tests a product offering on a limited store basis before making the decision whether or not to carry the product in a greater market is being utilized more and more by retailers.

Omni-Channel Planning: With Solvoyo, omni-channel retailers optimize their network operating parameters and inventory deployment strategy to fulfill orders from the most profitable source.

Replenishment Planning: Optimally replenish your stores and distribution centers (DCs) in a demand driven mode, balancing inventory holding, service level, production and transportation costs.

Purchasing / PO Management: Whether it is managing daily procurement operations in an efficient way or replenishing DCs or stores to optimize the right inventory mix, Solvoyo Purchase Order Management allows organizations to automate purchase order creation process and handle exceptions.

Initial Allocation Planning: Solvoyo’s proactive, automated initial allocation solution powered by machine learning will help you adjust your allocation strategy based on your sales trends.

Store Replenishment: Solvoyo’s demand-driven, automated store/channel replenishment solution powered by machine learning will help you ensure optimal stock availability, improve sales and profitability.

Markdown Optimization: Automate your markdown pricing and timing decisions with Solvoyo’s advanced Markdown Optimization and Planning solution. We make your pricing process easy to manage and flexible to accommodate different business goals.

Promotion Planning: Improve the effectiveness of Retail promotions, through deeper analysis of customer response to your offers and find the best way to entice your customers while maintaining healthy margins.

Dynamic Pricing: Solvoyo’s proactive, automated price recommendation solution powered by machine learning will help you adjust your pricing strategy based on your business objectives.

Workforce Planning: Continuously monitor store operations processes in strategic, tactical and operational levels. Optimally manage your workforce and meet your business goals.

Store Clustering: An integral part of the Retail Analytics and has a number of uses in Retail planning and execution including Assortment Planning, Pricing and Promotions Planning and Markdown Management.

CONCURRENT OPTIMIZATION

All the solutions you need. Under one platform.

Our platform concurrently plans and optimizes orders, inventory, and transportation in a holistic approach that is far more effective than attempting to optimize each discretely. Solvoyo provides its solutions in one model across strategic, tactical, and operational time horizons.

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