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.
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.
Produce in-depth analyses from supplier to store, based on an accurate foundation of data.
Create a central hub for all retail and economics data, transforming it into actionable insight through interactive dashboards and reports
Analyze data efficiently and effectively at any level of the organization, from aggregated product ranges to individual SKUs
Board’s self-service interface enables users to analyze data quickly and with ease, helping them to speed up decision-making
Link historical data with planning and forecasting in a single solution, enabling you to compare multiple scenarios and plans for better decision-making
Create more informed retail strategies which are linked to financial and operational goals and based on full transparency of activity across your entire portfolio.
Unify macro-economic data from supply statistics through to sales figures
Easily manage the creation and review of business initiatives such as M&A, delocalization, and the launch of new brands or products
Create different scenarios to assess the impact of your initiatives on company value creation
Set and monitor budgets for various time periods, in line with projected performance
Ensure you have access to the latest information from all business departments to form accurate, well-informed financial plans.
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
Combine and standardize data business-wide to create clarity and see the correlation between strategic/operational initiatives and their associated cost
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
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.
Effectively plan sales by brand and channel, splitting on category by month/week, phase of the collection, and capsules over the year
Automatically calculate margins, assessing the impact of the markdowns and taking closing inventory level into consideration
Define initial stock levels and the strategic allocation, taking into account weeks of coverage, stock turn, and balancing of the supplier network
Explore different scenarios for future order commitments by category and month
Enable the development of a credible offer that fits into your stores, delivers on your customers’ expectations, and meets your commercial objectives.
Easily define detailed attributes and goals at category and model level
Cluster stores according to qualitative and quantitative criteria
Define the depth and width of the assortment cluster by cluster, assigning OTB budget to every category based on Merchandise Financial Planning targets
An assortment catalogue, with a visual representation of SKUs, enables merchandisers to create collections quickly and easily
Develop a consistent process for size curve analysis and planning.
Effectively manage the creation of a library of sales curves based on historical data and patterns
Based on the targets and OTB budget, automatically calculate the quantities of SKUs to be ordered at size/store level
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
Ensure the right stock is available in the right place at the right time.
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
Enabling the definition of target stock level and days of coverage at store/week level
Use predictive algorithms to determine future demand for replenishment calculation. Different profiles of demand can be assessed in parallel, together with alternative distribution scenarios
Combining supply chain settings, target stock levels, and demand, calculate replenishment orders for the distribution network
Once store needs have been determined, aggregate the demand for the Distribution Centers and calculate replenishment quantities for suppliers
Ensure the effective control and distribution of inventory based on a combination of sales, forecast, and stock data to maximize profitability and minimize waste.
Plan multiple brands over different selling channels and seasons, defining future stock requirements aligned to key business metrics
Automatically calculate cash investments on a weekly basis to provide optimal stock levels
Quickly identify the most effective approach to planning multiple brands over different selling channels
Increased accuracy in stock planning and forecasting reduces waste and increases sales potential
Run promotions and discounts without affecting usual customer spending by analyzing behavior in relation to sale periods
Our Board-based Integrated Planning Solution gives us a clear competitive edge.
Board has proven itself ideally suited to our concrete approach to Business Intelligence.
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