Award-Winning:

 

Inventory Forecasting Software

Use AI-based forecasting to reduce your inventory by 30% while increasing your sales 12 – 15%

Combine inventory 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.

AI-driven inventory forecasting system for reducing costs and boosting profits

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%

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 inventory forecasting software

 

How an accurate inventory 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.

Plan confidently in uncertain times with inventory forecasting software

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:

 

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

 

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.

Inventory forecasting tool that boosts your gross margins

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:

 

  • Making surgical cuts to your inventory, ensuring you’re not purchasing too much of any given SKU
  • Reducing the necessity for markdowns by helping you allocate inventory based on the unique demand of each location and channel
  • Automating hundreds of hours of manual Excel analysis, data cleaning, and plan reconciliation across different departments and channels

 

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.

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 inventory 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.