Open to Buy Management

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

In-season budget allocations based on fashion trends

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.

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What can you achieve with
Solvoyo OTB Management?

Cloud-Based Digital platform for collaboration and management OTB budget
Automated Diagnostics ensures quick detection of categories for action
Configurable Reporting UI and Dashboard for supporting your business process needs
User-based access rights

Integrated with MFP for automated tracking against latest approved targets
Automated comparison across categories and channels
Alerts to identify opportunities
Diagnostics and actionable insights

Lifecycle sales forecasting of fashion, seasonal and short-lifecycle items
Detailed ROI analysis to determine best beneficial product to allocate budget for additional purchasing

Improve Agility

Improve Inventory Productivity

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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 allocation

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Adjust budgets based on recent trends and product performance

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Identify where there is the highest return for inventory investments and go after opportunities for maximizing GMROI for more sales at higher margins

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User-Friendly and Configurable UI

Diagnostic and Predictive Analytics

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

Master Data Management

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

Configurable Dashboard
for Executive Reviews

User-friendly configurable UI
Tracking in-season performance against approved plans
Visibility to best and worst performing categories