Integrated Assortment Planning: A Key to Retail Success
Today’s retail landscape is a battlefield. The competition is fierce, and customer expectations are higher than ever. Retailers can lose up to 20% of potential
Solvoyo’s cloud-based line planning solution, with a user-friendly and configurable UI, brings automation to attribute and category analysis and standardizes the planning process for data-driven decision making
A Line Plan (Range Plan) is a roadmap used for laying out the option counts of a new collection by attributes such as end-use, price band, color group, print type, etc., to ensure alignment between Design, Merchandising, and Sourcing teams.
This is a crucial step for fashion retail where there are constant new product development and collection management. This process is usually managed through sales analysis of the past seasons based on the product attributes such as price bands. However, in fashion products, the analysis gets more complicated due to the numerous available product attributes such as the color group, print type, arm length, neckline, fabric type, etc.
Solvoyo Line Planning solution offers an easier, faster and smarter process by consolidating data, simplifying the analysis and planning steps into one, providing visibility to the planning metrics, reducing manual errors, and rationalizing the decision recommendations.
The cloud-based, user-friendly, configurable solution, brings automation to product and line analysis and standardizes the planning process. Financial metrics combined with product visuals help identify best & worst-performers and provide recommendations on arranging the future collections. Incorporating the competitor price data allows retailers to position themselves in the market accordingly and product attributes.
"The digital transformation of Penti took a big step as we combined our business processes under one roof. As a result of pre-season planning with Solvoyo, we reduced labor costs, balanced the work distribution across our teams, and most importantly improved decision-making based on data-driven recommendations to pursue our higher targets."
Customer-focused planning to ensure needs and preferences of different customer segments are met
Automated analysis saves time and focuses the merchants on making strategic decisions
Data analysis and planning in one step so category planners can quickly complete attribute analysis and focus on strategy for the new collections
Flexible planning level at product and location hierarchy
Integrated with PLM and Assortment Planning modules to facilitate easy tracking
Automated Diagnostics identifying areas where there are potential profit
Configurable Reporting UI & Dashboard for supporting your business process needs
Today’s retail landscape is a battlefield. The competition is fierce, and customer expectations are higher than ever. Retailers can lose up to 20% of potential
DeFacto – Multinational Apparel Retailer
End-to-end to digital transformation for integrated budget management and buy planning
Penti – Apparel Retailer
Penti achieved end-to-end integration and digital transformation for pre-season planning
Automatically identify variances across different versions of the plans to reduce or increase budget allocation
Identify where there is the highest return for inventory investments and go after opportunities for maximizing GMROI
Visibility to past collection items