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  4. IST Module

IST Module

Overview

IST module helps to increase the overall efficiency of inventory by redistributing the top-selling styles across stores in a defined region based on the performance ranking of stores and styles. By implementing Inter Store Transfers through IRIS, the brand can achieve the following:

  • It helps in improving top seller availability, by moving excess stock from low performing stores to high performing stores
  • Reduce the overall brokenness – Minimize the broken stock (styles with only fringe sizes available) by consolidating broken stock from all the stores and transferring full-size sets to the ones where the likelihood of selling is maximum as per the latest trends.
  • Improved sales as overall health and availability of inventory is improved for the top performing styles

It gives out an actionable report having details of stock movements from one store to another store.

Configurations

Sales Start DateOnly data between start-date and end-date (both dates included) will be considered for analysis.
Sales End DateOnly data between start-date and end-date (both dates included) will be considered for analysis.
Max Liquidation Cleanup Cutoff %Maximum revenue % to cleanup for liquidation (range 0 to 100).
Topseller Revenue Benchmark %Minimum revenue contribution % for Top Seller (range 0 to 100)

Dependencies

The following modules must have been run before running this module

  • Masters

Output Reports

  • Actionable Report having details of stock movements from one store to another store.

File Formats

Please see the File Formats page for file formats.

Important Notes

The region input in Store masters is important as the transfer of stock will be done within stores of the same region.

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