ToolsGroup announces the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite. This solution combines the JustEnough Allocation and Replenishment products with rebalancing and markdown optimization powered by EvoAI’s quantum analytics and Inventory HUB’s zero latency inventory tracking.
“Retailers today need an integrated solution that is agile enough to adapt to even the smallest changes in demand.” says Sahil Gupta, chief product officer at ToolsGroup. “With cutting-edge AI driven forecasting and inventory optimization accessing real-time views of inventory, demand and operations, retailers can ensure the right products are in the right place at the right time at the right price to maximize profit no matter what happens.”
Key Takeaways:
- In-Season Inventory Optimization allows retailers to respond quickly to reality, sensing and adjusting to changes in demand in real time to maximize profits regardless of emerging challenges.
- Core benefits include minimal missed sales at the lowest possible cost through intelligent allocation that puts the right products on the right channels for higher inventory turns, real-time, store/item/size-level replenishment that adapts to even the smallest signals of changing demand from social trends to weather and fewer stockouts and minimal end-of-season waste thanks to full inventory visibility and optimization.
- Additionally, more sales with less inventory on hand as stock is dynamically moved across the network to where it will sell fastest and up to a 5.5pp increase in in-season margins through increased full-price sell-through and optimized markdowns.
