Use AI to automate your open-to-buy budgeting, optimize purchasing, and eliminate out-of-stocks
Part of Retalon’s unified merchandise planning suite, our advanced Open-to-Buy system eliminates the headache of manually creating, managing, reconciling, and executing OTB budgets.
Powered by AI and advanced analytics, our open-to-buy tool will automatically:
Calculate your working OTB budget for all stores and categories, for any time series (weekly, monthly, etc.) – on the fly
Automatically suggest the most optimal purchases based on a highly accurate demand forecast
Instantly generate all purchase orders, optimized for quantity, shipping time, and cost
You can’t truly optimize your OTB planning without optimizing your Financial, Merchandise, and Assortment plans. And we got you covered.
Eliminate the guesswork of setting your yearly sales, margin, and inventory targets by using the most accurate retail demand forecast on the market.
Instantly generate granular merchandise plans from high level targets – optimized for GMROI across every store and department.
Leverage AI to confidently know when to shrink or expand your assortment categories and clusters, and find the optimal assortment for each store.
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Once integrated with your systems, Retalon’s open-to-buy planning software can run almost entirely on auto-pilot — forecasting demand for every SKU at every store, calculating your budgets, and even generating optimized POs.
Moreover, our software is highly configurable, allowing you to easily add your own unique rules and thresholds.
If you’re looking for maximal efficiency, you can choose to automate most of your process while only dealing with the exceptions. Or if you’re looking for more control and better insights, you can set your own rules within the software for reviewing and approving actions.
You’re in the driver’s seat.
Unlike other Open-to-Buy systems, Retalon’s solutions are built on top of the most accurate demand forecast in retail. The system knows what you’re going to sell before you sell it.
This is because our demand forecasting engine takes dozens of influencing factors into account (seasonality, pricing, cannibalization, etc.) — making it infinitely more accurate than a traditional sales forecast.
Add in AI that always optimizes for inventory GMROI, and you have a recipe for maximum profit.