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.
Analyze financial and operational data in a centralized platform, giving you full visibility of activity and performance across the business.
Unify data from across the supply chain in a single platform and uncover insights with interactive dashboards and reports
Undertake in-depth analysis on your data at every level of the business, from Head Office down to individual stores
Empower users to analyze data as and when they need to, supporting them to make faster, more accurate decisions
Unified planning and analysis capabilities enable the use of data insights in planning activities, driving accurate and informed decisions
Cascade high-level strategies down to financial and operational goals to create clear targets and KPIs for individual stores.
Unify data from every process to create a single version of the truth for all analysis, planning, and reporting activities
Produce and monitor the progress of new initiatives such as new product or brand launches
Create scenarios and assess their potential impact on the bottom line before choosing the most favorable one based on the predicted outcome
Monitor budgets across any time period and compare them to projected performance
Produce accurate financial plans using data from every area of the business, ensuring you have the complete, most up-to-date picture.
Produce a plan which works for all departments by distributing targets and financial goals at brand/region/channel level
The combination of data from multiple departments in a single solution creates visibility of the true cost of initiatives
Replace time-consuming financial processes with automated collation and consolidation, freeing employees up to focus on strategic tasks
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.
Plan sales by brand and channel and split categories by month/week, phase of the collection, and capsules over the year
Assess the impact of markdowns by automatically calculating margins, taking closing inventory level into consideration
Take weeks of coverage, stock turn, and balancing of the supplier network into account when defining initial stock levels and the strategic allocation
Easily manage multiple product categories to ensure you capitalize on high performing products and discontinue less successful ranges.
Manage each product category as though it was its own business unit, assigning targets to help drive overall performance (revenue/traffic/margin generator, etc.)
Create auto-updating scorecards which enable you to easily monitor and analyze strategic, operational, and financial success
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
Gain full control of on-shelf availability and service levels, ensuring customers have access to the products they want, when they want them.
Cluster your different product groups with ease for easy reporting of on-shelf availability and develop service level indexes to inform your replenishment policies
Use statistical forecasting capabilities to assess future demand and adapt accordingly
Combine target levels of shelf availability and supply chain lead times to regulate replenishment quantities and slots
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.
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