In a turbulent market, retailers need to ensure they are conducting demand forecasting and capacity planning accurately, efficiently, and effect... Read more
Effectively manage goods from supplier to shop floor
With a unified planning and analytics software platform for Specialty and Hardlines retailers
As consumers become increasingly savvy with their spending, specialty and hardlines retailers are faced with the challenge of competitively pricing and promoting goods without affecting profitability. Unifying analytics, simulation, and planning capabilities in one solution, Board enables retailers to predict the impact of new strategies and changes in demand on the bottom line, helping them to take the right decision, increase efficiency across the business, and reduce costs.
Board’s integrated approach to planning, business intelligence, and forecasting helps specialty and hardlines retailers to accurately monitor performance, effectively manage stock and supply chain efficiency, and link strategy with execution to support financial and operational decision-making.
Effectively analyze performance with powerful Retail Analytics
Analyze financial and operational data in a centralized platform, giving you full visibility of activity and performance across the business.
Gain a single view of business performance
Unify data from across the supply chain in a single platform and uncover insights with interactive dashboards and reports
Analyze retail data at multiple levels
Undertake in-depth analysis on your data at every level of the business, from Head Office down to individual stores
Drive faster decisions with self-service analytics
Empower users to analyze data as and when they need to, supporting them to make faster, more accurate decisions
Link Business Intelligence insight with planning activities
Unified planning and analysis capabilities enable the use of data insights in planning activities, driving accurate and informed decisions
Take a more joined up approach to Strategic Retail Planning
Cascade high-level strategies down to financial and operational goals to create clear targets and KPIs for individual stores.
Ensure full transparency of business-wide performance
Unify data from every process to create a single version of the truth for all analysis, planning, and reporting activities
Create strategic initiatives with ease
Produce and monitor the progress of new initiatives such as new product or brand launches
Model the outcome of your decisions
Create scenarios and assess their potential impact on the bottom line before choosing the most favorable one based on the predicted outcome
Quickly set short, medium, and longer-term goals
Monitor budgets across any time period and compare them to projected performance
Drive Retail Financial Planning efficiency
Produce accurate financial plans using data from every area of the business, ensuring you have the complete, most up-to-date picture.
Turn strategic targets into financial objectives
Produce a plan which works for all departments by distributing targets and financial goals at brand/region/channel level
Understand the financial impact of operational activities
The combination of data from multiple departments in a single solution creates visibility of the true cost of initiatives
Save time by automating finance activities
Replace time-consuming financial processes with automated collation and consolidation, freeing employees up to focus on strategic tasks
Revolutionize your Merchandise Financial Planning
Create effective pre-season plans for sales, margins, and stock, which are linked to your Financial Plans and Budgets, driving complete accuracy and transparency across the process.
Implement a fully integrated approach to planning across all sales channels
Plan sales by brand and channel and split categories by month/week, phase of the collection, and capsules over the year
Manage markdowns with ease
Assess the impact of markdowns by automatically calculating margins, taking closing inventory level into consideration
Effortlessly conduct purchase planning
Take weeks of coverage, stock turn, and balancing of the supplier network into account when defining initial stock levels and the strategic allocation
Find the optimal Category Planning mix
Easily manage multiple product categories to ensure you capitalize on high performing products and discontinue less successful ranges.
Assign targets to different products
Manage each product category as though it was its own business unit, assigning targets to help drive overall performance (revenue/traffic/margin generator, etc.)
Quickly understand the performance of each category
Create auto-updating scorecards which enable you to easily monitor and analyze strategic, operational, and financial success
Model the impact of different product strategies to determine the best mix
Simulate and compare different versions of your product strategies with scenario modeling, in an environment which enables the internal sharing of information and collaboration with key suppliers
Increase Replenishment accuracy and efficiency
Gain full control of on-shelf availability and service levels, ensuring customers have access to the products they want, when they want them.
Increase stock analysis & shelf availability reporting accuracy
Cluster your different product groups with ease for easy reporting of on-shelf availability and develop service level indexes to inform your replenishment policies
Produce accurate product demand forecasts
Use statistical forecasting capabilities to assess future demand and adapt accordingly
Easily manage replenishment activities
Combine target levels of shelf availability and supply chain lead times to regulate replenishment quantities and slots
Increased reporting accuracy, process efficiency, and a reduction in forecasting cycles from 10 days to two
The Board application has changed our processes by making us more flexible, dynamic, and able to quickly answer questions that arise without having to invest a lot of time in building a new report.
Richter+Frenzel GmbH + Co. KG
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