» Embedded BI » Allocation

Decipher Demand with Industry Specific BI & Analytics
Deliver Localized Assortments with Greater Confidence

Global and regional retailers alike face heightened competition to drive margins, control inventory risks, and meet consumer demand. Fast-growing multichannel retailers are constantly seeking the right technology to help improve their abilities to:

  • Gain demand visibility across channels
  • Respond quickly and effectively to trend
  • Localize assortments for regional stores and/or online channels

7thonline Retail Solution helps retailers increase merchandise planning efficiency and drive profit margins via a systematic approach to building effective merchandise line plan, localizing assortments and reacting to in-season trends. Our industry specific forecasting algorithms and user-friendly BI reporting lend retailers an additional pair of eyes in this complex process, guiding them through detailed sales and inventory analysis and enabling them to identify future profit opportunities with greater confidence.

Open-to-Buy/In-Season Merchandise Plan
Plan and track in-season sales and inventory with demand forecasting

  • Track actual in-season performance by door by week:
    • Open-to-Buy
    • Stock-to-Sales Ratio
    • Reorders
    • Markdowns
    • Flow Changes
  • Flexible hierarchies for OTB evaluation in multiple views
  • Accommodate up to 3 “what-if” scenarios
  • Fashion specific forecast out to 12/24 months

Merchandise Line Plan
Align financial goals with merchandise line plan

  • Multiple options for auto plan population for efficiency and accuracy:
    • From last year history/merchandise plan
    • From forecast
    • From budget re-forecast, etc.
  • Plan at any level within user-defined product/location hierarchy; system automatically aggregates up or spreads down
  • Forecast sales, styles and SKU count based on historical data
  • View and compare plan vs. forecast & history
  • Create base plan in one view (i.e. year/season) and verify in many others (i.e. dept/class)

Assortment Plan
Plan assortments & assess impact of localization at cluster or door level

  • Align assortment plans with merchandise plans
  • Assess impact of localization
  • Evaluate holistic view of inventory
  • Drive decisions at cluster or door level
  • Dynamic clustering
  • Customizable and sortable views with visuals

BI Report Builder
Intuitive & Flexible Reporting Engine Designed for The End Users

  • Embedded BI—no additional cost to solution
  • Domain specific for fashion industry
  • Ad-Hoc queries & reports
  • Scenario reporting

Drive optimized inventory positions for margin growth

  • Gain total inventory and demand visibility
  • Identify sales opportunities and inventory risks earlier
  • Streamline merchandise and assortment planning processes
  • Localize assortments for greater buying accuracy
  • Decrease markdowns, increase full price sell-thru, reduce lost sales



« Retail » Allocation

Intuitive BI reporting engine, embedded
A wealth of decision making power only one click away

No longer emailing back and forth with your IT department to tweak that Weekly Top/Worst Seller report they have helped you generate 3 months ago, it is now only one click away on 7thonline’s BI Report Builder. In fact, you can easily build any report on the fly by simply “drag and drop” your desired attributes and metrics in our Report Builder. Click “run” and dive right in to the freshly produced report on your screen without waiting on anyone else any more.

Given the explosive amount of data available for your growing retail channel, you need more time to analyze data and take quick actions instead of wasting precious time compiling spreadsheets or waiting on your IT team that is already swamped with many other requests. The tool you need for such analysis has to be intuitive and easy to use without requiring you to become a data scientist or programmer. It also needs to be relevant to your industry to allow for the highest quality reporting. That is why we have created our Report Builder to have an extremely intuitive interface and a large amount of attributes and metrics specific to retail.

Unlike other solutions that offer BI as a separate module, we have decided to embed our BI Report Builder into our planning platform and offer it at no additional cost. We want our users to take advantage of this incredibly powerful analytical tool from Day One.

Build and run reports on the fly with simple “drag-and-drop”
Faster and more accurate way to analyze your business and make timely decisions

Gain access to a library of pre-made reports from industry experts and other customers
Leverage industry knowledge and best practices in tracking and planning your own business

Take advantage of this powerful analytical tool at no additional cost
Embedded into entire planning platform for your best financial and business value



« Retail « Embedded BI

Allocation

Allocation helps retailers determine the appropriate inventory requirements at the item and location level using both “push” and “pull” logic, which results in an inventory allocation that optimizes your supply across all locations and channels. Using real-time sales and inventory information, the system determines the need based on individual store and product parameters and/or “allocation rules”. The result is an allocation tailored to each store’s unique requirements.

7thonline Allocation allows you to distribute merchandise either in advance of the order's arrival or at the last minute, to leverage current store and product trends. This solution provides you the flexibility of executing product distributions on multiple methods such as merchandise/assortment plans, sales history, or current demand.

What we do

  • Perform Demand Based Allocations
  • Dynamic Selling Trend
    • Forecast based forward trend
    • Leverage store and product trends
    • User selected time and product groups for historical trend
  • Based on Week of Supply Targets
    • Merchandise Plan targets
    • Targets controlled at product attribute by location
  • Attribute Driven
    • No structured hierarchy
    • Product attributes
    • Location attributes
    • Time attributes
  • User Controlled Conditions & Overrides
    • User controlled rules
    • Ability to modify recommended results at any level

Benefits

  • Maximize sales, Increase turns and boost profitability by location
  • Increase productivity
  • Ensure standard workflows and consistency
  • Improved customer satisfaction