iKIS provides fashion forecasting and allocation with more than 14 different algorithms to support the fashion business at a skuloc level. iKIS Allocation tools can use hundreds of custom rules in Mass Maintenance, enabling users to allocate the right products in the right quantity on the shelf at the right location. Rolling the data up into effective plans for assortment and tracking delivers the user details and accuracy at a level previously unknown in a solution that’s 1/10 the price of the competition.
Buyers and Category managers need product/location forecasting and allocations at the store, style, color, and size (UPC or Skuloc) levels. Instead of marking down the ‘leftover’ quantity of the wrong sizes and losing the sales where you ran out of the right sizes, you could have sold the right products, raising sales and gross margin. Attempting to manage sales with a plan at category and level will not meet the demand of the individual customer. Bad buying and poor allocations cost money in lost sales, markdowns, and consumer opinion. See how iKIS can help ‘Tighten the Links in Your Chain™.’
Because you can’t sell what you don’t own, items such as fuel price changes and mergers can play havoc with your inbound inventory. You need to know how long from when you place the order until the order is available to ship. Just like there are different parts to your business, you need lead time forecasting that reacts to the individual parts of your business.
Whether multi level DC or multi level within the distribution chain, each ‘hop’ takes time that is not included in most supply chain solutions or is one all encompassing number. That’s not the right solution, iKIS provides a real multi echelon LT solution that can respond independently to each hop on your supply chain because each one can result in a different amount of days between PO receipt and inventory available to sell.
To optimize the profit potential on your inventory you need to balance service goals, inventory carry costs, inventory acquisition costs, vendor minimum constraints, gross margin and GMROI. Too many orders and acquisition costs reduce your profits; likewise too few orders over time, lost sales and carry costs reduces your profits. You need a system that can balance all the factors to determine how many days between orders. iKIS delivers your Inventory Optimizations with tools that include:
To have real ‘optimized inventory’ you need a Due Order module that can see the future and know the difference between demand need and filling up space on the truck.
iKIS delivers several tools in an easy to use format including: