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IRIS is an intelligent merchandise planning, buying and distribution platform that delivers 4-6 inventory turns resulting in

20-25% revenue improvement and 4-5% margin improvement.

Four Modules of IRIS

SMART ASSORTMENT PLAN

IDEAL BUY

PLAN

OPTIMAL

STORE ALLOCATION

ACTIONABLE 
BUSINESS
INSIGHTS

SMART ASSORTMENT PLAN

Achieve higher conversion & improve customer experience

 

NOOS (Never-out-of-stock styles) Identification

Identifies products that have higher & consistent sell throughs at lower discount rate

Optimum Depth

Predicts the right depth of each cluster at each store correcting for the past exposure and liquidation

Product Clustering

Predicts demand at the right granularity by creating product clusters based on as many as 22 attributes

True Size Set Ratio

Identifies true size-set ratio for each cluster, across all sales points

Optimum Width

Identifies the right number of options for each product clusters across all sales points

IDEAL BUY PLAN

Suggest buying to ensure assortment plan is met at each store at all times

 

Current Inventory

Incorporates current inventory across all stores/warehouses and pipeline inventory

Minimum Order Quantity (MOQ) & Lead Time

Incorporates vendor level Minimum Order Quantity (MOQ), Lead Time and Fill Rate

True Depletion Rate

Predicts future inventory depletion rate by predicting true Rate of Sale (RoS) adjusting for brokenness

 

Optimal Store Allocation

Ensures every piece of inventory reaches its best destination

First Allocation 

Allocation of fresh stock based on historical performance of similar styles

Replenishment/Replacement 

Predicts stockouts and automate replenishment or replacement, ensures adequate freshness and non-brokenness

Inter-store Transfer

Suggests movement of stock from over-stocked stores to under-stocked ones to maximize conversion and minimize stock-outs

 New store Allocation

Creates DNA of the new store by combining DNA of all similar stores

ACTIONABLE BUSINESS
INSIGHTS

Monitor KPIs in real time and reduce the reaction time to market changes

 

Comprehensive Set of Reports

A suite of dashboards catering to multiple levels of stakeholders - from CXOs to Planners to Merchandisers to Analysts

Slice and Dice

Interactive reports with drill-down feature until the right granularity to assist in quick decision making

Plug and Play

Can be easily customized for any Fashion brand/retailer

300 + algorithm
Dynamic and self- learning
Real time
Product clustering
Accomodates business constraints like seasonality, visual merchandising, etc
Filter noise data for true demand prediction
Store- style ranking
Daily inventory snapshot
Daily sales snapshot
Product attributes upto 22 layers
Billions of computations to predict accurate results
Each store as unique sales point
Smart assortment plan
Ideal buy plan
Optimal store allocation
Actionable business insights
End To End Merchandise 
Planning Tool
Intelligent Solution

WHY IRIS

No Clustering Of Stores
Fashion Focused
Billions Of Computations
Handles Granular Data

Value Delivered

One of the largest online Lingerie Brands in India

Reduced inventory holding from 
>120 days to 80 days

Increased revenue by 25% with 4% improvement in margin