Allocation and In-Season Management Solution
Our tools for inventory allocation and in-season management increase both planning accuracy and your ability to respond in-season, maximizing your return on investment. Our customers have seen sales increase up to 8%, peak inventories cut by 30%, and time freed-up by automating routine tasks like allocation.
Profitable in-season management
RELEX’s combination of outstanding computational power, intelligent algorithms and user-defined business rules, helps you optimize your inventory throughout a season – from accurate initial allocation, through efficient, automated in-season replenishment, to optimized final allocation. Automatic monitoring of actual performance against forecasts lets you respond quickly when needed, maximizing your returns.
“Having our assortment planning process under ‘one roof’ with RELEX
has reduced the size assortment planning time from weeks to days.”
Intelligent automation unleashes your expertise
The latest technology offers great tools for managing complex, highly-seasonal businesses, such as fashion, textile, and sportswear. Let your inventory allocation software handle the routine work, so you can use your skills in areas where no technology can match knowledge and human touch.
Efficient & accurate forecasting
Automatically generate useful baseline forecasts for new products at a store/channel-item level. Adjust the forecasts at any level of aggregation.
Our system splits the forecasts however you choose; into styles, colors, and sizes, based on, for example, store-level profiles, derived from previous seasons’ data.
Optimized product mix for pre-packs
Use data and intelligent algorithms to build pre-packs with the right mix of variants, such as combinations of sizes, to optimize logistics and handling costs.
Accurate initial allocations
Allocate tens of thousands of product variants in one go, in the right amount to each store, taking your business priorities and constraints into account.
Optimized, forecast-driven, automatic replenishment encompassing store space, delivery schedules, and availability targets.
Controlled buying within budget
Open-to-buy monitoring that allows you to control that buying is aligned with the purchasing budget.
Day-by-day breakdown of sales, detection of deviations from plans, and fully customizable reports & analyses for planning upcoming seasons – all on the same system.
Smart final allocation
Efficiently push remaining stock to stores/channels with the best projected sales and margins, considering forecasts, on-hand inventory, store location etc.
Highlighted features of RELEX’s inventory allocation software
Make your stock work harder by applying a “Push-Pull-Push” strategy
By allocating your entire central stock before the season starts to avoid later deliveries, many retailers deny themselves the chance to react to actual sales. But initial inventory allocations are almost always imperfect resulting in a combination of availability problems, markdowns, and costly transfers between stores.
Instead, when your sales begin and you get data on which to base decisions, move to store-driven replenishment. Then, towards the end of the season make a final allocation that clears out your remaining stock. This Push-Pull-Push approach generates good results, with sales up to 7% higher through better on-shelf availability and with overall inventory up to 30% lower.
Getting your initial allocations right
Our system calculates allocations for thousands of products to hundreds of stores completely automatically, in seconds, letting you focus on planning rather than routine execution. The system allows users to:
1. Select the most suitable allocation key to use to define the split between stores. The allocation key is typically forecast-based, but if there’s a risk of low SKU-level forecast accuracy, it may be better to use sales from a previous, comparable season or, for example, category-level sales or forecasts;
2. Apply different stock strategies to different stores. You may, for instance, want to allocate relatively more stock to a few flagship stores to ensure compelling displays, and less to smaller stores where sales are lower and the risk of end-of-season excess stock is clearly higher;
3. Apply relevant constraints, such as a set minimum delivery to all stores, or enough to build a good display or simply to fill a rack.
Plantasjen, Scandinavia’s largest chain of garden centres, has increased sales by 8% by optimizing it’s allocations and in-season management.
Roberta Roller Rabbit, a multi-channel fashion retailer and wholesaler, increases performance through improved process and technology.
“The results have been remarkable, our design adoption rate, which is the rate at which preliminary designs make it into the final assortment, has doubled from 35% to over 77%.”
– Joe Young, CEO, Roberta Roller Rabbit
Would you like to know more?
We are happy to discuss your retail optimization needs further, and show how optimizing your allocations and in-season management would streamline your daily operations.