Retail

Drive performance from strategic plan to customer experience

Unify strategy, finance, and operations with retail planning and analytics software

Faced with an unpredictable market, new sources of competition, and tightening margins, fashion and luxury retailers are under increasing pressure to meet customer demands while remaining profitable. Combining business intelligence, simulation, and performance management capabilities in one platform, Board transforms fashion retail planning by providing all the tools required to analyze performance and use the resulting insights to make accurate plans and fast, effective, informed decisions.

From fashion and luxury range plan to size planning and initial allocation
The screen shows a fashion & luxury retail planning application, taking into account financial targets and merchandise & assortment planning

Supporting today’s fast-paced fashion and luxury retail market, Board is a “one-stop shop” decision-making solution that helps retailers to break down functional and organizational silos and run effective planning, forecasting, and analysis processes across the whole organization.

From HQ down to country, department, warehouse, store, and SKU level, Board’s centralized approach provides complete transparency of performance and the correlation between financial and operational activities, supporting users to make more informed decisions.

With Board, financial goals can be easily translated into inventory and assortment strategies that perfectly align capacities and constraints across the whole supply chain.

Gain complete visibility of performance with powerful Retail Analytics

Produce in-depth analyses from supplier to store, based on an accurate foundation of data.

  • Achieve a holistic view of the business

    Create a central hub for all retail and economics data, transforming it into actionable insight through interactive dashboards and reports

  • Perform in-depth analysis down to store & SKU level

    Analyze data efficiently and effectively at any level of the organization, from aggregated product ranges to individual SKUs

  • Enable users to undertake their own analysis

    Board’s self-service interface enables users to analyze data quickly and with ease, helping them to speed up decision-making

  • Integrate BI and Planning

    Link historical data with planning and forecasting in a single solution, enabling you to compare multiple scenarios and plans for better decision-making

Retail analysis example for Board Integrated planning platform
This dashboard shows a typical set of KPIs in use in retail at store level

Transform your Strategic Retail Planning process

Create more informed retail strategies which are linked to financial and operational goals and based on full transparency of activity across your entire portfolio.

Stages in the strategic retail planning process
The screen shows the "value tree" which enables retailers to evaluate strategic initiatives
  • Gain complete visibility of performance

    Unify macro-economic data from supply statistics through to sales figures

  • Formalize strategic initiatives with ease

    Easily manage the creation and review of business initiatives such as M&A, delocalization, and the launch of new brands or products

  • Model the outcome of your plans before taking a decision

    Create different scenarios to assess the impact of your initiatives on company value creation

  • Set short, mid, and long-term goals

    Set and monitor budgets for various time periods, in line with projected performance

Take a more informed approach to Retail Financial Planning

Ensure you have access to the latest information from all business departments to form accurate, well-informed financial plans.

  • Turn strategic goals into financial targets

    Derived from the strategic plan, distribute the initial targets and financial goals at brand/region/channel level, taking into account Cost of Goods Sold and information from other departments such as Marketing and HR

  • Understand the financial impact of strategic and operational initiatives

    Combine and standardize data business-wide to create clarity and see the correlation between strategic/operational initiatives and their associated cost

  • Automate time-consuming financial processes

    Remove the need to manually collect and consolidate financial data for reporting and analysis, freeing up the finance team to focus on more strategic initiatives

Example for retail financial planning stages
The screen shows the typical Financial Planning & Analytics steps and related tables

Enhance your Merchandise Financial Planning activities

Linked to your Financial Planning and Budget, ensure the effective pre-season planning of sales, margins, and stock in this key pre-season process that links high-level strategic targets and goals with operational activity.

Example of merchandise financial plan (MFP) plan by category
The screen shows an example of Merchandise & Financial Planning, setting the season targets at Category level
  • Integrate planning across all sales channels

    Effectively plan sales by brand and channel, splitting on category by month/week, phase of the collection, and capsules over the year

  • Effortlessly manage markdowns

    Automatically calculate margins, assessing the impact of the markdowns and taking closing inventory level into consideration

  • Easily undertake purchase planning

    Define initial stock levels and the strategic allocation, taking into account weeks of coverage, stock turn, and balancing of the supplier network

  • Quickly determine your Pre-Season Open-to-Buy (OTB)

    Explore different scenarios for future order commitments by category and month

Increase the accuracy of Range & Assortment Planning

Enable the development of a credible offer that fits into your stores, delivers on your customers’ expectations, and meets your commercial objectives.

  • Set up master products with ease

    Easily define detailed attributes and goals at category and model level

  • Gain greater understanding of performance by store attributes

    Cluster stores according to qualitative and quantitative criteria

  • Quickly define a range and collection plan

    Define the depth and width of the assortment cluster by cluster, assigning OTB budget to every category based on Merchandise Financial Planning targets

  • Empower merchandisers to select the right offering with a click

    An assortment catalogue, with a visual representation of SKUs, enables merchandisers to create collections quickly and easily

An example of assortment's structure planning software
It shows the structure of a range plan where the users select which products will be for sale in whcih type (cluster) of stores.

Easily manage Size Planning & Initial Allocation

Develop a consistent process for size curve analysis and planning.

Fashion and luxury dashboard for size planning and allocation
The screen shows the mapping and comparison of different size curves to determine the right quantities to be bought for each model
  • Create accurate size profiles with ease

    Effectively manage the creation of a library of sales curves based on historical data and patterns

  • Quickly determine SKU order quantity by size/store

    Based on the targets and OTB budget, automatically calculate the quantities of SKUs to be ordered at size/store level

  • Automate your initial allocation process

    Calculate the optimal quantity to be delivered to stores, size by size, taking into account the weeks of display, demand coverage, and supply chain lead times

Take complete control of Store & DC Replenishment

Ensure the right stock is available in the right place at the right time.

  • Effectively manage supply chain lead times

    Easily set the key parameters of the supply chain - production and logistics lead times, pack sizing, and logistics constraints - at aggregated level and assign them automatically to stores

  • Easily control stock across your network

    Enabling the definition of target stock level and days of coverage at store/week level

  • Accurately forecast future demand

    Use predictive algorithms to determine future demand for replenishment calculation. Different profiles of demand can be assessed in parallel, together with alternative distribution scenarios

  • Quickly calculate store replenishment requirements

    Combining supply chain settings, target stock levels, and demand, calculate replenishment orders for the distribution network

  • Determine distribution center replenishment needs

    Once store needs have been determined, aggregate the demand for the Distribution Centers and calculate replenishment quantities for suppliers

Replenishment dashboard for total control of store's stock and DC
It is a dashboard with some KPI?s related to deliveries of goods to stores.

Effectively manage Weekly Sales, Stock and Intake (WSSI)

Ensure the effective control and distribution of inventory based on a combination of sales, forecast, and stock data to maximize profitability and minimize waste.

How to plan and monitor sales and stock on a weekly basis
This application enables retailers to efficiently manage stock based on a sales forecast and actual sales and stock data
  • Identify the most profitable inventory approach

    Plan multiple brands over different selling channels and seasons, defining future stock requirements aligned to key business metrics

  • Produce your In-Season Open-to-Buy with ease

    Automatically calculate cash investments on a weekly basis to provide optimal stock levels

  • Drive profitability across products and collections

    Quickly identify the most effective approach to planning multiple brands over different selling channels

  • Minimize the risk of stockouts and overstock

    Increased accuracy in stock planning and forecasting reduces waste and increases sales potential

  • Find the optimal timeframe for markdowns

    Run promotions and discounts without affecting usual customer spending by analyzing behavior in relation to sale periods

Customer success story: Puma

Integrated Planning from Target Setting to Execution

Our Board-based Integrated Planning Solution gives us a clear competitive edge.
Customer success story: Desigual

Enterprise Sales Intelligence, Supply Chain Monitoring, and Store Performance Management

Board has proven itself ideally suited to our concrete approach to Business Intelligence.

Get practical advice on digital transformation in retail