Jewelry retailing is unique and challenging for several reasons that make traditional demand forecasting, and merchandising systems fall short when it comes to optimizing the planning, inventory management and promotions. Determining the right assortment mix across multiple channels is challenging enough, maintaining In-Stock % throughout a volatile season while running hundreds of promotions can appear impossible. While these problems exist in other verticals as well, the product mix jewelry retailers offer consists of an especially sizable investment.
Retalon’s predictive analytics and machine learning platform identifies the optimal assortment mix across the business while accounting for dozens of critical factors such as seasonality, forecasted demand, events, promotions, competition, new product introductions, and much more.
Designed for the Jewelry business, our solutions will provide you with significantly improved forecast accuracy, reduced out-of-stocks and lost sales, a boost in sales and turnover, and improved customer experience across your brand.