Product Module Category: IRIS

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Assortment Plan

Optimize inventory positioning to maximize sales. Considers factors like seasonality, local demographic, product attributes, discounting, etc. to:

  • Identify top seIdentify top sellers and NOOS
  • Perform computations to the granularity of 7 attributes for ideal decision making
  • Accurately predict the true size ratios
  • Analyze and discard highly discounted sales that distort true demand

Buy Plan

Maintain size continuity at stores by assessing business constraints of planogram and revenue targets, to provide buyers with a month-wise buy plan that includes:

  • Depth of buy Depth of buy basis rate of sales at the store-attribute group level by analyzing past sales, revenue, discounts, size-cuts, stock-outs, and exposure. 
  • Size set ratios to buy based on true demand at size-level for all store & attribute group combinations. 

Regional Utilisation

Intelligently split inventory across multiple warehouses, in proportion to the regional demand, for efficient e-commerce fulfillment.

  • Achieve higher regional utilization for better visibility and greater conversion
  • Boost brand ranking on marketplaces
  • Earn significant savings on logistics costs
  • Manage faster deliveries
  • Lower Rate of Returns

Allocation

Expose the right inventory, at the right location, at the right time. Ease merchandiser’s frequent distribution activities in a data-driven manner, using the latest sales trends to:

  • Maintain freshness through new season allocation 
  • Optimize existing stock through replenishment and replacement at all POS
  • Improve inventory health to reduce the loss of sales
  • Identify non-moving dead styles

Business Intelligence

Easily, implementable outputs, via interactive and impactful reports that are categorized by roles and departments.

  • Business overview for executives
  • Category performance reports for merchandisers (Sell-through-rate, Sales, DoH, Top/Dead sellers, Planogram Adherence)
  • Target v/s Achievement, month-on-month store performance reports for operations
  • Design dashboards for buyers

Return analysis

Track returns quantities for B2B & B2C sales. Conduct analysis to understand the reason for return.

  • Be conscientious of consumer behavior to mitigate the risk of both returns and chargebacks
  • Use the reports to create detection and prevention strategies to positively impact the bottom line
  • Extract insights on what not to produce