Retalon’s Planning Solution offers a dynamic framework for multi-channel retailers to agree on their strategy, plan execution details, and track progress. All Retalon solutions are part of an Integrated Predictive Analytics Platform empowering retail users to work with higher accuracy and in collaboration with other critical retail business functions.
Financial Planning: Often executed at a category level a financial plan serves as a reference point and the source for other plans. This plan provides all the necessary functionality to build a long term budget, forecast of sales, GM, turns and other important KPIs. Users are able to review and approve numbers across multiple levels of a management hierarchy to setup financial goals for the next year or a few seasons.
Merchandise Planning: This Plan is based on a long term forecast of demand, and utilizes all the knowledge Retalon’s predictive analytics engine has generated on past sales (including lost sales, promotions, price changes, seasonality, trends, etc) to help users plan future sales, inventory levels, and receipts. This plan is a highly flexible module which enables users to plan sales, markdown and Inventory (or other metrics) by attributes, as well as plan inventory at cost by merchandise type (e.g. Old/New/Current/Running) and much more.
Assortment Planning: One of the most challenging plans to create is an assortment plan that determines how many units of each Style/Color to purchase, and which stores they should go to and in what quantities. Retalon’s Assortment Planning module powered by a highly accurate demand forecast helps you optimize your assortment.
Pre-Season Planning: This module allows users to plan optimal initial pre-allocation quantities, accounting for actual need of each location, plan-o-gram restrictions, desired assortment, inventory availability, and business rules.
In-Season Planning: This plan type allows users to monitor all applicable metrics in-season, compare them with actual weekly performance, and adjust as necessary.
Open-To-Buy: Retalon allows users to build an Open-to-Buy plan at Cost, and create purchase orders based on user defined purchase schedule.
Click here to learn more about our Retail Predictive Analytics Planning Solutions.