Our inventory optimization software uses advanced AI to generate optimal purchase orders. In fact, it optimizes all purchases to get the highest GMROI.
Additionally, the solution builds optimized allocation and replenishment schedules. This ensures the right assortment gets to the right location, at the right time.
As a result, specialty retailers can make purchasing decisions with more confidence.
Product Families & Clusters for Specialty Gift Retailing
Seasonal merchandise planning can be quite complex without accurate demand forecasting.
Our merchandise planning solution builds “product families” by grouping products into clusters. In fact, the solution can use occasion attributes (seasonal events) to build clusters.
On top of that, it accounts for product cannibalization and new product introduction.
As a result, specialty gift retailers see improved seasonal merchandise accuracy. In turn, they’re reducing the cost of seasonal merchandise management.
Intelligent End-of-Lifecycle Support & Markdown Optimization
Our markdown solution provides a smart and easy way to manage end-of-life merchandise.
Demand forecasts determine when demand for each SKU will begin to drop. Then using advanced AI and machine learning, it creates optimal markdown strategies.
Due to this, seasonal merchandise gets marked down and sold by a targeted date with the highest ROII.
“The nature of our apparel and gift business requires a SKU count of 1.5 million and Retalon’s technology makes it possible to accurately calculate forecast and replenishment quantities in a few hours every night.”
Tom DillonVP Merchandising Systems, Follett Coporation
“A lot of our product is seasonal, a lot of our product is evergreen but there are significant spikes throughout the year from holidays to different seasons and Retalon has helped us to become very successful with optimizing that inventory.”
Tom AndersonCEO, The Paper Store
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