Solvoyo’s OTB Management solution provides visibility and digital collaboration for managing budget allocations while providing insights and recommendations on how to allocate the remaining budget
Excess stocks of slow-moving items or sizes can result in unnecessary markdowns and also disrupt cash flow, while not having sufficient stock of the right sizes can cause out-of-stocks and lost sales.
Solvoyo OTB Management is an easy, fast and smart way to allocate an in-season budget based on the latest trends ensuring adequate stock availability for fast sellers. OTB Management provides insights for the budgeting decisions based on revenue and margin performance and ensures that the bottom-up buying decisions are automatically reconciled with top-down targets.
By integrating with Solvoyo Merchandise Financial Planning or other sources for Top-Down budgets, users can quickly access their approved targets, keep track of the confirmed purchase orders, and monitor the remaining budget in real-time.
Solvoyo brings you OTB Management solution with automated predictive models and prescriptive actions to support purchasing decisions based on GMROI and various business goals. Through automated diagnostics, users can quickly focus on items requiring action, understand the impact of sales trends on financial metrics and make faster and smarter decisions.
Automatically identify variances across different versions of the plans and see where there are opportunities to reduce or increase budget allocation
Identify where there is the highest return for inventory investments and go after opportunities for maximizing GMROI for more sales at higher margins
Adjust budgets based on recent trends and product performance
Automatically identify variances across different versions of the plans and see where there are opportunities to reduce or increase budget allocation1 of 3
Adjust budgets based on recent trends and product performance2 of 3
Identify where there is the highest return for inventory investments and go after opportunities for maximizing GMROI for more sales at higher margins3 of 3
Life-cycle sales forecasting
Tracking against stock-cover targets
Automatic identification of categories or products falling behind stock-cover targets
Recommendations for purchasing actions to meet stock-cover target based on GMROI
Ability to manage budget break down between preseason and in-season (IPO vs. OTB)
Ability to input planning parameters such as purchase lead times, repeat buy eligibility and other business constraints through configurable UI
User-friendly configurable UI
Tracking in-season performance against approved plans
Visibility to best and worst performing categories