Retalon’s Planning Solution offers a dynamic framework for multi-channel retailers to agree on their strategy, plan execution details, and track progress. All Retalon solutions are part of an Integrated Predictive Analytics Platform empowering retail users to work with higher accuracy and in collaboration with other critical retail business functions.
Retail Planning
The most comprehensive, flexible, and intelligent retail planning solution suite.
Avoid Repeating Last Year’s Mistakes
Ability to restore the true LY and LLY consumers’ demand allows you to build a more accurate plan for the next year
Single Version of the Truth
Having integrated planning solution ensures planned targets remain consistent across business units
Flexibility: Plan By Attribute
Retalon's solution allows you to plan by attribute beyond any restrictive ERP hierarchies
User-Friendly
Work with great features like one-click export to Excel
Powered by Predictive Analytics
Retalon's planning solution is powered by predictive analytics to provide accurate demand forecasts
End-to-End Integration
All Retalon solutions are fully integrated in a common predictive analytics platform
What makes Retalon’s Planning solutions so successful?
Smart Planning with Predictive Analytics:
Rather than the traditional process of using only past data to build a plan, Retalon offers a more intelligent, accurate, and integrated approach. Retalon identifies and incorporates many critical factors such as past events & promotions, as well as lost sales, to build a future demand forecast that sets the foundation for a more pragmatic and accurate plan.
Adaptability, Scalability & Flexibility:
Retalon’s planning process offers an easy and controlled workflow. Retailers can start with a master plan that can be easily delegated down to different planners, and then intelligently merged back to the original plan. Moreover, Retalon supports multiple product/category hierarchies and attributes, store hierarchies, and clusters, as well as any required time periods, which adds the flexibility required in merchandise and assortment planning.
Comprehensive Planning Suite:
Retalon users can build a wide range of plan types such as Financial Plan, Merchandise Plan with OTB, Store Plans, Assortment Plans, Pre-Season & In-Season plans, and more. All the plans are automatically reconciled at all the levels and between the plans. Retalon’s Planning solution is equipped with all the necessary tools, such as locking and freezing, aggregating and prorating, multiple convenient views, data exchange with Excel, graphic views, and product images – to mention a few.
Envision, Plan, and Execute:
Retalon’s End-to-End Predictive Analytics platform empowers retailers to execute their plans and reap the benefits by optimizing the entire process and bringing it full circle. Retailers can plan assortment, manage inventory, optimize promotions, and then automatically feed this knowledge into next year’s merchandising plan.
Download BRP Planning Survey Report:
Boston Retail Partners conducted an in-depth survey of top North American retailers to understand that the biggest challenges, goals, and opportunities in merchandise planning.
PLAN TYPES
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.
Get a personalized demo of Retalon’s Planning Solution