Use AI-based forecasting to reduce your inventory by 30% while increasing your sales 12 – 15%
Predict exactly how many units you need to order – for each SKU at every location – using award-winning AI and machine learning.
Purpose-built for retailers, Retalon’s inventory forecasting tools account for dozens of variables impacting inventory demand (including sales history, seasonality, price elasticity, cannibalization, competition, etc.) to ensure an accurate forecast.
This will help you:
Confidently plan your inventory with retail’s most accurate forecast
Increase stock availability to 99% across all channels
Reduce inventories by 30% without impacting your sales
Uncover and eliminate lost sales – boosting sales by 12 - 15%
How an accurate inventory forecast will help you run a leaner, more profitable business.
Avoid making last year's mistakes and know exactly where you lost sales.
Outperform your projected growth by minimizing lost sales and optimizing your prices based on demand.
Only stock SKUs in locations with demand, and eliminate unnecessary overstocking.
Delight your customers and ensure they always find what they're looking for at your stores.
Safeguard your margins and reduce end-of-seasons markdowns by ordering just the right amount.
Automate repetitive, manual spreadsheet analysis and reconciliation – focus on more strategic and creative tasks.
No one can predict the future with certainty. But Retalon can predict it with confidence. Just ask our clients.
Given the unpredictable nature of retail (and the world) — how is this possible?
Simply put, the best retail predictions come from the best model and the best data. And Retalon gives you both.
Firstly, Retalon’s AI is purpose-built for retail, and accounts for hundreds of complex, co-interacting factors that impact demand for your inventory — including:
Secondly, Retalon’s implementation process includes proven data-cleaning and structuring steps, ensuring you have reliable, accurate data (regardless the state of your data collection today).
This ensures that you have the most accurate inventory forecast possible.
Retalon’s inventory forecasting solution is designed with one primary goal in mind: to help retailers improve their gross margins. Not merely through a reduction of costs, but also through a boost in sales.
Retalon will help you reduce costs by:
This not only ensure that you only invest in inventory with the best probability of selling — it helps you not over-invest.
Retalon’s solutions will also help you increase your revenue by accurately identifying lost sales and increasing inventory availability for in-demand items.
All Retalon solutions are powered by our advanced inventory forecast:
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.
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.
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.
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
This plan type allows users to monitor all applicable metrics in-season, compare them with actual weekly performance, and adjust as necessary.
Retalon allows users to build an Open-to-Buy plan at Cost, and create purchase orders based on user defined purchase schedule
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.
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.
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.
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.
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).
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.
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.
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.