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Store Clustering

Store Clustering, the process of grouping similar sales outlets based on store attributes, demographics, or sale performance, is an integral part of Retail Analytics and has a number of uses in Retail planning and execution including Assortment Planning, Pricing, and Promotions Planning and Markdown Management.

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Solutions

Store Clustering

Store Clustering, the process of grouping similar sales outlets based on store attributes, demographics, or sale performance, is an integral part of Retail Analytics and has a number of uses in Retail planning and execution including Assortment Planning, Pricing, and Promotions Planning and Markdown Management.

Request a Demo
1123

Intelligent Store Clustering with Solvoyo

This is the part of the pre-season planning and in-season management process that is often performed as an off-line step in statistical analysis tools or in spreadsheets, often by different people in the organization. With growing emphasis on building customer-centric product offerings, statistical store clustering is taking its place as the first step to ensure the right products are placed at the right time at the right place. Therefore, a dynamic planning process needs to have this step integrated into the planning software so planners can evaluate different clustering strategies for individual categories as needed and leverage them in Assortment Planning instantaneously.

Multi-dimensional Store Clustering

As a part of Solvoyo Elevation Platform, Store Clustering offers a fast, user-friendly, multi-dimensional clustering tool that brings efficiency and ease into assortment localization process:

  • Multi-dimensional clustering where users can select from a list of metrics related to sales, store capacity, price, store turn, and store attributes to create store clusters based on statistical analysis
  • Graphical and map-based displays to view stores in different clusters
  • Segment statistics and store-level and KPI reporting
  • Drag and drop capability for managing store groupings and outliers
  • Creating store clusters tailored for specific product categories
  • Seamless integration into Solvoyo Assortment Planning and Markdown Optimization
Ready to see our store clustering 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.

In & Out Product Management: Solvoyo’s integrated, automated, and collaborative solution powered by machine learning will help you ensure optimal stock availability and improve the profitability of promotional items with limited-time offerings.

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 help 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.

Store to Store Transfer: Solvoyo’s integrated, and collaborative S2S Transfer solution powered by machine learning will bring automation and advanced analytics to inventory balancing across the omnichannel network.

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.

E-Commerce Inventory Management: Automate your inventory management with Solvoyo’s advanced analytics and AI/ML technology. Solvoyo E-commerce inventory management solution offers automated diagnostics, predictive analytics, and prescriptive actions to ensure smart purchasing decisions.

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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