Pre-season Planning
DeFacto – Multinational Apparel Retailer
End-to-end to digital transformation for integrated budget management and buy planning
With today’s fast-changing market dynamics and diverse customer needs, a customer-centric retail strategy must include localizing assortments to differentiate product offerings address varying customer needs
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 the inventory investment decisions. With today’s fast-changing market dynamics and diverse customer needs, a customer-centric retail strategy must include localizing assortments to address different requirements. 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 while calculating buying quantities based on different life cycle strategies and keeping track of store capacities can be overwhelming.
Solvoyo’s cloud-based solution offers advanced analytics and predictive models to support assortment-localization and buy-planning decisions. For brick-and-mortar retailers looking to do Assortment Localization, clusters created in the Solvoyo Clustering tool can be used in Assortment Planning with one click. The digital platform improves visibility and collaboration as approved styles can be viewed in real-time.
"Using Solvoyo Assortment Planning has provided a huge convenience to us as we replaced our manual methods to achieve faster analysis and decision-making. We can easily see the reference products used in generating new purchase orders and review our buying decisions."
Cloud-based digital platform for end-to-end preseason planning
Localized assortment planning by store/SKU level forecasting
Machine learning technology for incorporating stock-out adjustments, normalizing weather effects, and accounting promotions and markdowns
Visual reports for reviewing the collections by store segment, channel, or collection
User-based access rights
Configurable Reporting UI & Dashboard for supporting your business process needs
Online tutorial customized to your process
Solvoyo integrates the visual merchandising and the financial analysis part of the business with this solution in one step. It saves time for the merchants and the planners by doing all the heavy lifting in data processing and financial calculations to have time to focus on more strategic tasks rather than spending hours across multiple spreadsheets. Real-time integration with ERPs and automatic reconciliation capabilities bring efficiency into the planning process.
DeFacto – Multinational Apparel Retailer
End-to-end to digital transformation for integrated budget management and buy planning
Penti – Apparel Retailer
Penti achieved end-to-end integration and digital transformation for pre-season planning
In today’s changing market dynamics, the retail business is getting more competitive by the day. Increasing competition by online marketplaces, along with evolving consumer expectations
Similarities in sales expectations between products based on attribute rules
Develop localized assortment strategies by differentiating availability, life-cycle, in-store dates, and visual display quantities across stores
Ability to plan different in-store dates by store segment
Collection management made easy with product visuals
Interactive forecast generation for each option at the cluster/store level
The depth and minimum presentation management for initial allocation
Automated similar-item selection
Automated similar-item based forecasting
Interactive forecast generation for each option at the cluster/store level
Integrated planning across all sales channels
Smart stock-out, promotion, and weather effect adjustments
Commercial priorities, width, depth, and minimum presentation
Integrated with PLM, Clustering, and IPO modules
No spreadsheets
Buy quantities at store/SKU size level
Supports Test, Read, and React solution
User based access rights
Online virtual showroom of assortments by store and channel
Flexible, easy, fast workflow with a few clicks to determine buy quantities by changing lifecycles and flow timings