Step 1: Descriptive
Understanding Historical Performance: Solvoyo platform enables you to view your demand and inventory trends and exceptions in a visual format.
Step 2: Diagnostic"Why Did It Happen?"
Drilling down to understand root-causes of stock-outs: The platform investigates the possible root causes of the stock issues. It provides a list of chronic understock/overstock products and gives visibility to parameters impacting stock-levels. The platform also analyzes demand drivers including price index, promotions, special days and visualizes the level of impact each driver has in demand.
Step 3: Predictive
Using Demand-Drivers for Forecasting Future Demand: Demand-drivers are used for forecast generation. Planned promotions, price changes and special days are taken into account to provide a more accurate view of the demand, minimizing the need for manual forecast adjustment. Solvoyo platform also provides inventory projections and highlights potential stock-out or stock cover issues so you can take proactive actions.
Step 4: Prescriptive"How Can We Make It Happen?"
Gap closure actions to meet your Demand Plan: Track your sales budget compliance continuously, predict the gap between sales and budget and prescribe specific price reduction actions on specific products from your excess inventory pile.