Award-Winning:

 

Retail Demand Forecasting Software

Use retail’s most accurate forecast to uncover lost sales, reduce inventories, and increase revenue at the same time.

Combine demand forecasting with retail automation to reduce operational costs

Retalon’s forecast unifies your enter retailing process, from planning and inventory to initial pricing and markdowns.

Demand forecasting software for increasing your gross margin by 5 – 15%

Imagine how much money you would save (and lost-sales you would prevent) if you knew precisely what SKUs to stock, how many, and where — to perfectly meet expected demand. This is precisely what Retalon’s demand forecasting solution was built to do.

 

By combining award-winning retail AI with a deep understanding of the nuances in your specific business, Retalon can help you:

Avoid lost sales, out-of-stocks, and dramatically reduce markdowns.

Increase forecast accuracy, and significantly reduce forecast exceptions

Maintain a well balanced assortment across your entire business

Intelligently connect plans with marketing and merchandising

Hard Rock International- Customer Story

 

Danny Leadbeater, Sr. Director of Planning & Allocation

Retalon rose above everyone else with the science behind their forecast. We were able to trust the forecast they came up with 99.9% of the time.

Benefits of Retalon’s AI demand forecasting software

 

How an accurate forecast will help you run a leaner, more profitable business.

Reduce lost sales by 35 - 50%

Avoid making last year's mistakes and know exactly where you lost sales.

Increase sales revenue by 9 - 12%

Outperform your projected growth by minimizing lost sales and optimizing your prices based on demand.

Reduce inventories by 25 - 30%

Only stock SKUs in locations with demand, and eliminate unnecessary overstocking.

Boost inventory availability to 99%

Delight your customers and ensure they always find what they're looking for at your stores.

Reduce unnecessary markdowns

Safeguard your margins and reduce end-of-seasons markdowns by ordering just the right amount.

Automate manual work

Automate repetitive, manual spreadsheet analysis and reconciliation – focus on more strategic and creative tasks.

Uncover your company’s biggest optimization opportunities.
Get an analytic assessment on your data.

A retail forecasting tool to uncover true demand

Most retail forecasts are inaccurate because they rely solely on historical sales data — they assume that what happened last year will happen this year. This presents two major problems.

 

First, these forecasts fail to account for everything that’s changed since last year. This means that a traditional forecast can never account for the impact of new products and styles, new vendors, new competitors, moving holidays, changing consumer preferences, or a myriad of other factors.

 

Second, because these forecasts only account for what sold — by definition, they cannot account for what could have sold. As a result, retailers relying on past sales alone to predict future demand will make the same mistakes they made last year.

 

Retalon’s demand forecasting software solves these two issues by analyzing past sales, identifying lost sales, and projecting demand into the future while accounting for a myriad of factors like:

  • Product seasonality
  • Size and style curves
  • Substitutive product cannibalization
  • Pricing changes
  • Etc.

 

This allows you to uncover the true demand for each product at each store.

An AI demand forecast that accounts for the nuances of your unique business

Retail is a highly dynamic industry with diverse verticals, supply chain planning approaches, and operational processes. Relying on general ‘data analytics or AI’ firms that don’t specialize in retail often results in lower forecast accuracy, increased exceptions, and the inability to account for critical factors and nuances that influence customer demand for a retail organization.

 

Retalon offers a highly flexible platform that can be configured to your specific business process without a long tedious customization process. Enjoy high forecast accuracy out of the box.

AI solutions for intelligent retailing

Retalon is the world’s 1st unified predictive analytics and AI platform that was exclusively designed for the retail industry. We empower retailers to forecast demand with superior accuracy because we live and breathe retail.

 

Unlike generalized AI and analytics solutions, Retalon can intelligently account for many of the key factors influencing demand. Here is a partial list of variables we automatically account for:

A visual representation of the different factors that retail demand forecasting software must take into consideration to produce accurate forecasts.

Simons – Customer Story

 

Gary Craig, VP, Information Technology

Retalon has given us the ability to reduce the time we spend on replenishment and automate it. We're getting the right product at the right store at the right time without much buyer involvement.

Retalon Retail Solutions Platform

 

All Retalon solutions are powered by our advanced demand forecast:

DEMAND PLANNING SOFTWARE:

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

INVENTORY OPTIMIZATION:

Optimal Purchaser

Retalon’s Optimal Purchaser & Order Management solution generates optimal suggested quantities based on a highly accurate demand forecast, and allows users to prioritize orders and account for variety of constrains & restrictions. An easy & smart approach that supports multi-echelon, vendor-to-DC, vendor-to-store replenishment, and much more.

Smart Allocation

Optimize allocation across your entire omni-channel retail business with one click. Retalon’s Smart Allocation solution automatically accounts for performance of each product/location, desired assortment distribution, existing terminal stock, and a wide range of other business-specific factors such as size patterns, MINs, and case/pack requirements.

Auto-Replenishment

Retalon’s Auto-Replenishment system automatically determines shipment quantities and allocates products to locations within an organizational hierarchy. An executed future demand forecast is a prerequisite for the Allocation & Replenishment system to run successfully.

Inventory Transfers

Retalon’s predictive analytics engine analyzes every single influencing factor of a retail supply chain, and recommends the optimal inter-store transfer schedule to move merchandise from stores where it is collecting dust on the shelf to stores where the same products are out-of-stock and in high demand. proactively.

Micro-Merchandising

Retalon offers a full suite of tools that allows users to cluster (group) products and stores either dynamically or based on static criteria. Users can define which products can be replenished at which locations, and set & maintain minimums at either the SKU or higher than SKU levels, as well as manage space and capacities by type (e.g. hanging, liner feet).

Safety Stock Optimizer

“Add stock only when it adds value!” Retalon’s Safety Stock optimizer calculates the necessary safety stock quantity for each product individually based on associated risks (such as volatility of demand, variability in Lead Time, Vendor Fill Rates), an accurate forecast, and company policies (such as desired Customer Support Level)

PRICING, PROMOS & MARKDOWNS:

Price Management & Optimization

Retalon’s Price Management & Optimization module enables retailers to set initial prices, maintain optimal prices throughout the product life cycle, automatically adjust product families to price changes, and more. The system intelligently accounts for many factors such as competitive data, product cannibalization, promotions & events as well as any policies, business rules, or constraints set by the user.

Markdowns & Markup Optimization

Retalon’s Markdown Optimization Module monitors a range of critical variables such as current levels of inventory, sales velocity, past & future events, compares projected performance with business goals/objectives, and uses a set of rules and triggers to automatically recommend optimal price adjustments.

Events & Promotions

Retalon’s Events & Promotions module identifies the true effect of past promotions, and empowers retailers to run successful promotions in the future. Know the best time for a promo, set optimal promotional prices, choose the most effective media types, and more.

Uncover your company’s biggest optimization opportunities.
Get an analytic assessment on your data.