IRIS Enterprise

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IRIS

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Technology/Engagement Model
For Large/Medium enterprise businesses For Medium/Small enterprise businesses
Browser based Browser based
Automated integration of data Standalone system. No integration
SaaS+
Unique Software-as-a-Service “Plus” delivery model provides dedicated merchandising experts
SaaS
Software as a Service self usable model with on-demand support for usage issues
Performs billions of computations within hours of runtime Performs millions of computations within minutes of runtime
Uses patent pending machine algorithms developed over 3 years of R&D Uses patent pending machine algorithms developed over 3 years of R&D
Smart Assortment Plan
Discount Cleanup

Identify and discard highly discounted sales which distort true demand

Yes Yes
NOOS

Never out of stock products

Bestseller – Identifies bestsellers for a selected period
Core – Identifies cores as well which are bestsellers with more consistency in sales
Bestseller – Identifies bestsellers for a selected period
Product Attribute Group

An attribute group represents a set of attributes that a customer uses to make a purchase decision. All analysis is done on attribute groups of products. E.g. Brand – Shirt – Casual – Male – 100 to 200 USD

Handles 17 level of attributes Handles 7 level of attributes
Options

How many options to have in each attribute group

Calculates options by correcting for longtail at store-attribute group level Not available
Depth

Mix of inventory at a store across all categories & attributes

True demand identified at store-attribute group level by analyzing past sales, revenue, discounts, size cuts, stock-outs, and exposure True demand identified at store-attribute group level by analyzing past sales, revenue, discounts, size cuts, stock-outs, and exposure
Size Set Ratio

True demand at size level for all store & attribute group combinations

Size continuity is maintained (e.g. S, M, L, XL, XXL) Size continuity is maintained (e.g. S, M, L, XL, XXL)
Different size set ratios are predicted for all store-attribute group combinations Different size set ratios are predicted for all store-attribute group combinations
Pivotal sizes (i.e. most important sizes) predicted for each store Not available
Demand Forecasting
Demand Forecasting Depending upon AOP (Annual Operating Plan), forecasts the quantity, options and size-sets for each month-store-attribute group combination.
Consdering recency, seasonality, events and inventory live days
Depending upon AOP (Annual Operating Plan), forecasts the quantity and size-sets for each month-store-attribute group combination
Consdering recency, seasonality, events and availability
Open To Buy (OTB) Provides actual procurement orders to be made based on Demand Planning, Depletion, Returns and other considerations like Lead Time and MoQ Not available
Distribution
Methodology Proprietary store-style ranking to optimize inventory distribution Proprietary store-style ranking to optimize inventory distribution
New Season Allocation Yes Yes
In Season Replenishment Replenishes stores based on size continuity Replenishes stores based on size continuity
In Season Replacement Finds replacement style from attribute group if direct style replenishment cannot be done Finds replacement style from attribute group if direct style replenishment cannot be done
ARS – Automated Replenishment System Yes Not available
Size wise Display Yes Yes
Collection/Story wise Display Yes Not available
Dead Inventory Pullback Identifies non-moving dead styles in stores and suggests them for pullback to warehouse Identifies non moving dead styles in stores . Pullback suggestions not available
Business Intelligence
Merchandising Reports – Style performance, Stock v/s Sales, STR/Discount v/s ROS, DoH, Planogram Adherence, Top/Dead sellers, Attribute performance Merchandising Reports – STR, Sales Velocity, DoH, Top/Dead sellers, Planogram Adherence
Operational Reports – Target v/s Achievement, Week on Week performance, Sales per SqFt, Flexible time period comparisons Operational Reports – Target v/s Achievement, Month on month performance, Returns Analysis
Pricing
Contact Us For Pricing User based pricing. FREE for first ONE month
* Payments accepted via bank transfers against monthly invoice FREE for first ONE month

1st user – $1299 / month

Every additional user – $699 / month

With unlimited data, styles, stores and sales channels

Monthly payment using your Credit Card or Debit Card