2M+
SKUs
30
Categories
50M+
Monthly Visitors
$1B
Annual Revenue
2M+ SKUs
Goals
Empower teams to take proactive actions to achieve the monthly sales targets
Provide category managers with predictive and prescriptive analytics to enable fast decision-making
Make demand sensitivity visible to marketplace price actions
Support the rapid growth of the company with automation and advanced analytics
Challenges
Diverse category portfolio and changing market conditions requiring agility and fast decision-making
Excess workload on planners due to manual analysis causing missed opportunities
Lack of universal view of data and actionable insights
Benefits
Automated approach to DETECT slow-moving inventory and OPTIMIZE price actions to meet budget targets
Visibility to trends through medium-term trend automated forecasting, so category managers have more time to STRATEGIZE
Automated attribute-based segmentation where assigned segments ADAPT to changing sales trends
Actionable price recommendations considering marketplace signals and competitor prices
“As intriguing as the benefits this e-commerce retailer achieved from
Steve Banker, Vice President of Supply Chain ServicesForbes
the planning solution, is the ongoing journey they are on to leverage
artificial intelligence to deliver even greater competitive
differentiation.”
Don’t take our word for it
Even though our main goal as an e-commerce retailer was managing growth after we went live, with Solvoyo our inventory turns improved by 61% while our availability increased by 44% and our sales almost doubled.
Using Solvoyo’s Markdown Optimization solution, we now can achieve different business objectives. With an AI/ML predictive life cycle forecasting engine, Solvoyo prevents us from taking unnecessary discounts and thus, minimizing margin lost.
Cash flow in e-commerce is extremely important; the more free cash we generate, the better we operate. It is extremely important for this type of business.The savings run into the tens of millions of dollars.
Even though our main goal engaging Solvoyo as an e-commerce retailer was managing growth, after we went live our inventory turns improved by 61% while our availability increased by 44% and our sales almost doubled.
