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Merchandise Financial Planning

Integrated and flexible way of doing top-down planning, category management and open-to-buy planning.

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1123

Solutions

Merchandise Financial Planning

Integrated and flexible way of doing top-down planning, category management and open-to-buy planning.

Request a Demo
1123

Intelligent Merchandise Financial Planning with Solvoyo

Merchandise Financial Planning is a key part of the pre-season budgeting process for Retailers where sales targets and inventory needs (OTB – Open to Buy) need to be managed in an integrated fashion.

Solvoyo Merchandise Financial Planning solution brings you an easy, fast and flexible way to create Tops Down Financial Plans and manage Open to Buy (OTB) budgets. With flexible pivot capability, users can choose the level, and the metrics to focus on and adjustments are automatically disaggregated to lower levels of product and location hierarchies. In this solution, users can select baseline period for a baseline data and the solution will create a baseline plan, working with your financial calendar, taking into account seasonality, floating holidays and other factors so you can focus on the strategic aspects of the plan. Users can model new stores and countries or categories after existing ones within seconds and enter adjustments at any level of the merchandise or location hierarchy for the selected time period. Open to Buy plans are integrated into the financial plan as well. This solution comes with configurable dashboard functionality where users can do comparisons across plans, last year and track actual sales as well in a graphical, grid or pivot views.

With Solvoyo Merchandise Financial Planning solution retailers can manage Top Down Planning, Middle-Out Planning, Open to Buy Management and Category Planning in the same platform without having to build links to tie these together. Real time integration and automatic reconciliation capabilities bring efficiency into planning process.

Retailers can manage all of the following processes within the same planning tool:

  • Top Down Financial Plans for same stores
  • Integrated planning across all sales channels
  • Incorporating new sales channels such as countries, franchise partners and stores into the plans
  • Middle-out planning for detailing out categories or locations
  • Creating and managing Open to Buy Plans in by Retail method, Cost method
  • Managing and comparing multiple versions of the plan and view differences among the plans and to last year with ease
  • Tracking actual sales against plans in any format of choice with the ability to drill down along location and product hierarchies with ease
  • Gain visibility to key categories and channels of the business with significant growth
  • Roll-up and reconciliation of top-down and bottom up plans
  • Tracking in-season performance against approved plans
Ready to see our merchandise financial 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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