Solution Highlights

Ideaca utilizes an industry proven solution from TXT that can operate as a standalone application or integrate with an existing one. The TXT solution is an integrated demand, supply chain and business performance management application that spans the following critical Retail processes:

Strategic Planning

• Company Targets, Strategic Plan, Financial Plan

Merchandise and Store Planning

• Store/Channel Sales Plan, Category Plan, Forecast

Open-To-Buy (OTB) and Purchase Planning

• Weekly Sales, Stock and Intake (WSSI), Open-to-Buy, Open-to-Buy Evaluation

Assortment Planning

• Assortment Strategy, Assortment Plan, Item Planning, Initial Allocation

In-Season Control

• Allocation, Replenishment, Re-Forecast, Markdown Planning

Additional solution highlights include:

• Supports cross-functional business integration across Finance, Sales and Marketing and Supply Chain
• Embedded best-in-class industry practices
• Out of the box capabilities:
  • Master data integration out of the box
  • Integration of Retail sales and inventory data
  • Advanced solutions available

Listen in on a pre-recorded Retail Replenishment Webinar to hear how Ideaca and TXT's solution has enabled HDS and other retailers to reduce overhead costs, reduce out-of-stock-occurrences and reduce cash-to-cash cycle times.

Learn how Ideaca can help. Contact us online or call 1-866-816-4332.

Benefits

Optimize inventory levels for reduction of working capital

• Reduction in non-selling or stale merchandise
• Store/product clustering to drive improved allocation and replenishment
• Automate ordering to best meet demand and forecast patterns

Enhanced consumer demand performance

• Localized assortments to drive customer-centricity
• Minimize lost sales due to out-of-stocks

Cross functional business process integration

• Improved assortment strategy to reduce incidence of markdowns and write-offs
• Rationalization of SKUs driven by constant view into perpetual inventory
• Optimize use of selling space for profitable product mixes

Tangible Benefits Realized by Retailers

Improving Product Assortments

• Footwear retailer – 10% increase in markdown margin
• Apparel retailer – 5% reduction in inventory, with improved product availability
• General Merchandise chain – 5% to 15% sales increase, margins up 2% to 3%
• Department store chain – 5% sales increase via average basket growth

Improving Forecast Accuracy

• 15% less inventory
• 17% stronger perfect order fulfillment
• 35% shorter cash-to-cash cycle times

Improving Visibility and Integration through Sourcing Processes

• Improving inventory turns to as little as five to seven days
• Achieving net margins of 15% to 20%
• Racking up comparable store sales increases (stores opening one or more a year) of 10% to 12%
• Fostering greater than 80% full-price sell through