Open to Buy Management

Q: Bringing real-time collaboration and automation to budget planning

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

Q: Alerts & Diagnostics

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

Q: Advanced Analytics

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

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.

Asena Yosun Denizeri

Vice President of Retail Solutions
Solvoyo

"Shorter lead times create opportunities to increase the budget allocated for in-season buying decisions based on sales performance and trends. With that comes the need for leveraging advanced analytics to support these buying decisions. This is where Solvoyo adds value. We enable data-driven decision-making by providing insights, alerts, and actionable recommendations."

 5/5

What can you achieve with
Solvoyo OTB Management?

Bringing real-time collaboration and automation to budget planning

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

Alerts & Diagnostics

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

Advanced Analytics

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

Case Studies

Pre-season Planning

DeFacto – Multinational Apparel Retailer
End-to-end to digital transformation for integrated budget management and buy planning

Read →

Digital Transformation for Pre-Season Planning

Penti – Apparel Retailer
Penti achieved end-to-end integration and digital transformation for pre-season planning

Read →

Time to leverage supply chain analytics

Are you using spreadsheets as a supply chain planning tool to collect and manage your data and perform analysis? Well, you’re not the only one

Read →

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

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

Adjust budgets based on recent trends and product performance

User-Friendly and Configurable UI

Diagnostic and Predictive Analytics

Forecasting based on life-cycle sales
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

Managing budget break down between preseason and in-season (IPO vs. OTB)
Adding 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

Start your journey now

Digital transformation with Solvoyo

GLOBAL HQ

77 Franklin Street
Boston, MA 02110
+1 617 642 1338

INNOVATION LABS & OFFICES

Istanbul Technical University
ARI2 Teknokent
B1-3, 34467
Maslak, Istanbul
+90 212 286 6061
–
Kolektif House 1071 Ankara
Çankaya, Ankara
–
Logothetidi 34, 11524
Attiki, Athens

Open to Buy Management