daVinci Item Planning gives your team the granular level of detail required to make ongoing buy decisions for those never out of stock key items. Created for buyers and planners who need to monitor sales and inventory continuously to adjust buys to cater to customer trends.
Eliminate stacks of disconnected spreadsheets. Incorporate these key items you need to plan in detail within daVinci’s Buy Management Solutions to gain a holistic view of your entire assortment. Gain the visibility you need to align your key item inventory to your sales trend to understand their impact to your complete assortment strategy and your open to buy.
Vendor Line List Importer
One of the more time-consuming aspects of buying is the keying and often times re-keying of vendor information needed to process a buy/purchase order. This manual and error prone repetitive task can be eliminated with daVinci’s Vendor Line List Importer.
Reduce the need to manually keying all the item information with Vendor Line List Importer.
Users have the ability to select from a vendor’s complete line list. Build your buy plans with placeholders and when the vendor line list is available, simply connect the item to your placeholder to get all of the product information at the click of a button while preserving the planning you’ve already done.
Buy Plan Importer
Since you can start buying with daVinci at anytime in your buy cycle, you can use Buy Plan Importer to bring in work you’ve already done before daVinci. To ease the transition from your existing buy sheet, Buy Plan Importer gives you a quicker way to import your existing buy plan information into daVinci.
You can import previous buy plans so you can see your buys roll up to a complete quarter or season or year for a holistic picture. Once imported, you can leverage all of the features and functions in daVinci including Reporting and Analytics.
Reduce voluminous paper printouts and take your daVinci analytics with you on your Apple or Android tablet.
Mobile Buyer Market Ideas
Take daVinci to market and capture information about vendors and products on your Apple or Android tablet or smartphone.
Mobile Buyer Market Ideas Apps let you take daVinci with you, so buyers can be productive at market and managers can always be up-to-date.
Take photos and make notes on the fly to capture product information you can refer to later.
Import your information directly into daVinci Buying or daVinci Assortment Planning to reduce duplicate data entry.
Buying the right sizes from the start reduces retailer’s reliance on size optimization after the inventory is already in DC or worse yet with no inventory to allocate. Here, one size doesn’t fit all.
daVinci’s Size Profiling provides advanced retailers business intelligence and insight they need to determine ideal size curves, a key component to determining the right buy quantities.
Done in plan setup phase, the planner/allocator/data analyst has access to four key data components needed to determine standard size curves.
The tool provides the ability to segment selling data allowing planner to view information in weekly progressions, for selling and sell through curves, simultaneously displaying the number of stores with sales and the number of stores with on hand inventory by size.
Aligned with groupings of stores and/or channels (buy clusters), the tool provides easy assessment of variances in size selling patterns to ensure the optimal selling % with which to define your specific buy curves.
daVinci’s Clustering application is an enterprise-specific clustering solution to create groupings also known as clusters for different product levels using a variety of inputs. These inputs can be product attribute, seasonality, location or customer attribute, for one or a combination number of performance metrics (e.g. sales dollars, sales units, and gross margin).
The application uses embedded science and automation to deliver:
- your pre-specified number of clusters that best meets your business objectives, or
- the calculated optimal number of clusters that best fits the historical data you supplied for the analysis.
The output of the clustering app can be used within the daVinci assortment planning, or in other enterprise tools such as pricing, or allocation and replenishment.
daVinci Assortment Planning can take clustering results from this app directly and as frequently as necessary for creation of unique assortments at any product level. For example, a store can be an “A” for jeans, but “B” for boots, and “C” for leggings, and a “D” for accessories for winter with a completely different profile for summer.
- Provide scientifically precise store clusters
- Automatic connections to daVinci Assortment Planning to leverage application output
- Can be utilized by other external systems which can benefit from clustering capabilities
A crucial part of the merchandise financial planning for retail is forecasting, the process of estimating future business demand.
It is typically based on historical data, using a number of algorithms to predict a period of a time in the future. It can be used to augment strategies in planning, increase inventory productivity in retail supply chain, increase customer satisfaction by ensuring the right product is in the right place at the right time.
Forecasting helps predict customer demand which results in optimal inventory levels, since having excess inventory adds overhead costs and under inventory leads to loss of sales. Accurate forecasts that meet customer demands help retailers maximize and extend profits over the long term. Simply put, a company can make better informed business decisions regarding inventory, cash flow, and growth plans.
- More accuracy of sales projections to satisfy customer demand
- Better cash flow management that would otherwise be tied up in excess inventory
- Supports more precise merchandise financial planning and supply chain decisions