In today’s changing market dynamics, the retail business is getting more competitive by the day. Increasing competition by online marketplaces, along with evolving consumer expectations
With today’s fast-changing market dynamics and diverse customer needs, retail strategies need to stay closely aligned with emerging trends and operational realities. Retailers need fast access to information and the ability to do scenario planning to support data-driven decisions.
For those retailers where there is an ongoing flow of new products, receipts, and discounting decisions that require collaboration and visibility across many categories and functions, Weekly Sales Stock and Intake (WSSI) management is one of the key processes. WSSI has a crucial role in tactical decision-making and is used for managing weekly operational plans.
Solvoyo’s cloud-based WSSI solution brings visibility for recent sales trends, future forecasts, current inventory levels and expected receipts. The scenario-planning capability makes it easier for planners to evaluate different strategics and take action. Any actions taken during the week are reflected in next week’s report, so it continually evolves.
With Solvoyo’s WSSI solution, you can quickly optimize your weekly inventory operations to achieve your business goals!
Automatically identify areas where actuals are significantly different than plans
Update sales forecasts and inventory projections based on recent trends and promotions and markdown strategies
Perform what-if analysis and compare different scenarios and quickly react to business realities
Automatically identify areas where actuals are significantly different than plans1 of 3
Update sales forecasts and inventory projections based on recent trends and promotions and markdown strategies2 of 3
Perform what-if analysis and compare different scenarios and quickly react to business realities3 of 3
Manage and compare multiple versions of the plan and view differences among the plans and to last year with ease
Easy scenario planning with copy capability
Pivot configuration for creating ad hoc aggregation/disaggregation views
Flexible display control for each user
Single-data model giving real-time visibility to the latest edits to the plan
Aggregation across product/channel/time dimensions
Top-down, bottoms-up, and middle-out planning for detailing out categories, collections, seasons
Period-level overrides can be entered at any level of the product hierarchy
Easy switch between period aggregations (weekly, monthly, quarterly, yearly)
Easy to take action over the given recommendation
ERP integration with one click