Toolio updates this week includes Location Curves, Allocation Demand Retrend, Column Stats, and Current Inventory Units!
Landed Cost, FOB (Free On Board or Freight on Board) Cost, and Ex-Factory Cost are terms used in international trade and supply chain management to describe different aspects of the total cost of a product when it is imported or exported. These terms help businesses and organizations understand and calculate the overall cost involved in moving goods from the manufacturer to the end destination.
Toolio updates this week includes Advanced Filtering, Size Curves, Allocation Management, and Import Wizard improvements!
Maximize sales potential, minimize stock inefficiencies, and meet customer demands with data-driven decisions and optimized supply chain management. Discover key takeaways from our allocation module, including enhanced flexibility, AI-driven retraining, and seamless integration with assortment planning.
Discover the key takeaways from a recent webinar on item forecasting, featuring methodologies and best practices using the Toolio tool. Learn how to leverage historical data, manage newness, incorporate seasonality and trend, reconcile top-down and bottom-up approaches, and utilize the assortment planning module. Enhance your item forecasting capabilities and make informed decisions to optimize sales projections and inventory management in the retail industry. Visit the Toolio website for further guidance and stay ahead in a dynamic market.
Every penny counts as they say. In this article, our VP of Product explains how allocation strategies can lend themselves to more full price sell through for retailers.
Understanding sales data is easy 95% of the time, but that remaining 5% tends to cause all sorts of problems. In this article, you'll learn what to look out for and take extra care to create processes to handle.
Products are a retailer's greatest asset. Learn how to determine the ideal product hierarchy, adjust it appropriately, and leverage alternate hierarchies. Explore the importance of product attributes in reporting and decision-making, and gain insights on managing attributes effectively. Enhance your retail planning and forecasting with optimized data structures.
Discover how Boll & Branch implemented Toolio to build a best-in-class planning organization, achieving robust sales growth with fewer inventory units. By streamlining workflows, enabling a mentality shift, and leveraging advanced forecasting capabilities, Boll & Branch experienced efficiency gains, improved buying decisions, and reduced out-of-stocks. Learn how Toolio transformed their planning processes and empowered data-driven decision-making for better business outcomes.
Optimize your retail planning processes with effective strategies for scenarios and reconciliation. Learn how to create a single version of the truth, streamline scenario creation, embrace a multiplan approach, and collaborate for successful reconciliations. Discover how technology can enhance your retail planning efficiency and accuracy. Improve your retail planning with these insights.
Discover how the seamless integration between NetSuite and Toolio empowers retailers to make faster and better merchandising decisions. Learn about the key integration points and areas of impact, and get insights on building a strong team, establishing robust processes, and gaining NetSuite know-how to maximize the benefits of this powerful combination. Enhance your decision-making capabilities and optimize inventory management with NetSuite and Toolio.
Discover how Knix, a leading direct-to-consumer intimate apparel brand, experienced agile decision-making, seamless team transitions, streamlined multi-currency planning, and supported expansion into new channels with the help of Toolio. Read their success story and learn how Toolio transformed their planning and merchandising processes for increased sales, improved margins, and efficient decision-making.
Discover how improved merchandise plan reconciliation can benefit retailers, reduce errors and increase accuracy. Learn how to address common challenges such as data accuracy, departmental conflicts, uncertainty, calculation complexity, and communication. Find out how using a merchandise planning tool like Toolio can help retailers reconcile disparate plans, make real-time data-based decisions, and optimize their bottom line.
Discover effective inventory rationing strategies for retailers to maximize profit and balance customer demand. Learn how to use data-driven analysis and strategic decision-making to allocate inventory efficiently and effectively.
Discover the latest best practices and insights from the 2023 ShopTalk event, including the use of AI in retail, and learnings on finding efficiencies and putting customers first. Stay up-to-date on the latest trends in the industry with this informative blog.
Toolio updates this week include Export History, Location Attribute in Multiple Plans, Generate Inventory from the first available time frame, and Demand Metric improvements!
In this piece, our retail experts provide inventory planning strategies for merchandise teams when opening a new retail store, including how to plan for a new store when there are other stores in operation, as well as how to plan for the first store. It highlights that while nothing in retail is one-size-fits-all, the strategies discussed can be used as a guide.
Toolio updates this week include Applying MDQ Constraints in AP, Relative Custom Time Frames and Import Wizard!
Retailers use Gross Margin Return on Investment (GMROI) to measure the efficiency and profitability of their inventory. Find out which departments benefit most from this key metric.
Toolio updates this week include NetSuite PO Creation from Item Plan and In Module Change History! Plus, check out our Partner Spotlight featuring Oracle NetSuite!
Managing inventory effectively is an ongoing challenge for e-commerce brands. Rapidly changing trends, the expectation for regular product drops, and even unforeseen weather events can drastically change what items a shopper is interested in.
Retailers must balance art, science and technology to win in today's ever-evolving landscape. Find out how the best brands are getting ahead from retail expert, Ken Pilot.
A recap of 2022 successes, including new customers, new product features and enhanced integrations to a retailers' next-gen tech stacks.
Why NYDJ partnered with Toolio.
Toolio updates this week include Data Visualization, Multiple plan in Merchandise Plan, Day Level Plan, Export Settings for Automated Plan Exports, Ability to Add Custom Derived Metrics, NetSuite Status in Assortment Plan, Ability to Test Shopify Credentials, and Ability to Set Last Sync Time!
My favorite holiday of the year (Black Friday, of course) has recently come to a close and retailers are still giddy about the unprecedented levels of sales - even amid recession and inflation concerns. Despite it all, shoppers showed up and they showed up big. Here’s my take on the shopping behaviors and key trends we saw this year.
Toolio updates this week include Filtering for Invalid Cells in Master Data, Custom Fields for NetSuite Item & PO Creation, Updated Views for Master Data Models, Command Bar for Quick Search, Copy Excel/Spreadsheet cells into filter options, Hide/Unhide Columns, and Expanding/Collapsing Groupings. Plus, check out our Partner Spotlight featuring Channel Ape!
Toolio, a merchandising platform for the next generation of retailers, achieves valuable stamp of approval for Security & Compliance
Toolio updates this week include Equal Spreading for Metrics like Discount % and Markdown %, Change History Summaries, MDQ Profiles, and Push Items from Master Data into Assortment Plan!
Sustainability is a hot topic in fashion and apparel and luckily we have an in-house expert on the topic, Mary Saunders co-founder of For Days. Here she shares her take on why sustainability is important and how brands can improve
Toolio updates this week include Merchandise Plan Forecast, Constrain Sales by Inventory and Ability to sort based on metrics aggregation!
Toolio's incoming class of customers range in products sold and channels sold through, but one thing is the same ... their commitment to investing in innovative ways to beat the competition and provide their customers with what they want, when they want it.
If you’re a retailer looking to modernize your operations by embracing merchandise planning software, the tool you choose matters. The right one will help you save time, gain actionable insights and grow your business through better planning, while the wrong one can be a waste of your valuable funds and time...
There are so many roles and responsibilities within the retail world, from planners to merchandisers/buyers, allocators and beyond. They’re all important, but it can be difficult to know which to prioritize, especially when it comes to some of the lesser-known titles. Here, we’ll take a look at the Allocation Analyst position, what it is and whether you need someone to fill it.
Competitive (comp) shopping is essential to the life of any retail professional. Whether you’re a merchant, planner, buyer or designer, it’s key you understand your competitor’s assortments, the shopping habits of the customer and much more.
A recap of the highlights from our hour-long webinar with our VP of Planning talking all about best practices for forecasting conceptually and in Toolio
There's no shortage of retail terminology nuances. In this post we cover pre-packs, case-packs and MDQs.
Toolio updates this week include Aggregation Capabilities in Master Data, Amazon Fees in Toolio and PDF Exporting Improvements!
Merchandise planning is serious business and that's why we need the levity of memes.
Toolio updates this week include Snapshot Scenarios, Improved SKU Change Management and Invite and Suspend a user!
How will retailers continue to respond to the changing demands of their corporate workforce?
The retail tech landscape continues to evolve and growing retailers struggle to keep up with the changing technology-enablement for their growth. Here's a quick recap of the technologies we see customers and friends leveraging as they grow.
Toolio updates this week include LY vs LLY Variant, Relative Filters in Master Data, and Time Frame Management Improvements!
Eleven of the best and brightest thought leaders in retail to follow on LinkedIn and Twitter
Holiday planning is always an interesting beast in retail, but add a potential recession, linger supply chain "stuff" and unemployment fears and it gets even more intense. In this recap from our webinar on the topic, we highlight the takeaways for merch planning teams.
Our new VP of Sales shares his six principles for choosing a start-up that aligns to your own passions.
Toolio updates this week include Skipped Import Lines Visibility Improvements and Export Mapping Improvements!
Buyers, retail strategic planning, and allocation roles are all extremely important in the retail ecosystem. Read more about the difference in the jobs here.
OTB planning is essential to bridging the gap between your retail operations and planning. Here's our guide to managing it like a rockstar.
Open-to-buy in retail is an essential tool to efficiently handle finances, inventory, and more. See how open-to-buy planning can help your business.
Read about our new Toolio partnership with UNTUCKit and why they chose Toolio as their partner for unprecedented growth.
In retail, merchandising is one of the most sought-after positions - and also among the most complex. While the job certainly comes with an undeniable cool factor, it requires the merchandiser to wear a lot of hats and own a lot of responsibilities...
Toolio announces the honor of achieving "Built for NetSuite" status to help organizations bring NetSuite data into Toolio to manage planning and merchandising processes end-to-end.
Toolio updates this week include Size Spread & Like for Like Forecast Profiles, Last Imported Time on MP & IP, Scheduled Report Deliveries for CSV & Excel, Scenario Locking Improvements, Metric Formatting Improvements, and Transfer Orders in Master Data!
Inventory is the most expensive asset for retailers, yet many still manage it in Excel, decades-old on-prem softwares or through homegrown solutions that long-ago lost priority to maintain and improve. The solution for next-gen retailers is a next-gen software, like Toolio.
Retail planning careers can be perfect for those who love fashion, numbers and really, really big spreadsheets.
Toolio updates this week include Size Spreads in Item Plan Forecasting, Locking a scenario, Placeholder ID generation, Highlighting Duplicate Choices, and the ability to View Receipt Totals in PO Master Data!
Toolio updates this week include Clusters, Location, and Channel Improvements, Item Plan Like For Like Forecasting, Metric Separator, Scheduled Report Deliveries for Master Data, Deleted Line Handling Improvements, Data Visibility & Troubleshooting Improvements, Exporter Configuration Menu and completion of Merchandise Plan Migration!
Over the past 2+ years, we have been experiencing many shifts in business and supply chain trends, causing many changes to our expectations and process. As Planners we need to update our merch plans to incorporate the product mix changes and product flow shifts. These changes can cause both short and long term effects. We are all trying to figure out what the new KPI's and benchmarks will be based on the fluctuating variables.
We're proud to be featured in CB Insights Retail Tech 100: The top retail tech companies of 2022!
Mustafa Demir joined the team as VP of Engineering, and in this Behind the Scenes post he dives into what led him to Toolio.
Hindsighting is the name of the game in retail. It is the practice of studying past performance, analyzing the top performers and the flops, and taking lessons on how to adapt plans in order to effectively reforecast for the future. Taking a cue from our favorite discipline of retail science, we would like to reflect on the past year at Toolio.
With our latest updates you’re now able to merge scenarios in Item Plan and access Master Data on main navigation menu.
Toolio’s updates this week include: improved sorting UI and added ability to edit Merchandise Plan and Item Plan options.
Our latest updates include: improved user experience in Item Plan when generating inventory and receipts and ability to track import statuses.
Check out our newest updates in Toolio including generating Purchase Orders from Assortment Plan, highlights within Assortment Plan Spreads, and more visibility into integration imports.
Toolio’s update this week include: Spreads tab in Data & Imports, Item Planning Min/Max for Receipt Generation, and an integration to SAP.
Click here to read some of the newly released features at Toolio! We’ve updated the Product Mix dashboard in Assortment Plan, added abilities to Item Plan scenario playing, and given you more visibility into Generating Assortment Plans from Item Plan.
Click here to read some of the newly released features at Toolio! Updates include: dynamic inventory generation with start times, filters exposed to front-end users, and automated Plan data export to data warehouse.
Click here to read some of the newly released features at Toolio! Updates include Scenario Playing and Forecasting updates in Item Plan, ability to recreate SKUs in Assortment Plan, and improved visibility to formulas in the Merchandise Pivot View.
Toolio updates this week include: formula visibility in Assortment Plan views, date ranges visible for time frames in Assortment Planning, confirmation pop-up when generating Item Plan to Assortment Plan, and linking Assortment Plan to Item Plan.
With our latest updates you’re now able to: retrigger integration and add/delete metric rollups in Assortment Plan settings.
Toolio updates this week include: added Derived Attributes capabilities, specified user roles, created integration view, added % Var Plan vs Plan LY variant, added filters in Import Page.
We’re excited to share some of the newly released features at Toolio! Updates include Item Plan reconciliation, customizing your assortments, and improvements to forecasting and inventory planning in Item Plan.
With our latest updates you’re now able to take advantage of custom formulas in Assortment Plan and plan using the Gregorian Calendar in Merchandise Plan.
We’re excited to share our latest product updates which introduced Average Per Week metrics to Assortment Plan, % of TTL Improvements in Merchandise Plan, the ability to Reallocate Uncategorized plan values, and updates to the Data & Imports menu.
Toolio updates this week include new features to reporting time frames, change history tracking in Assortment Planning, and an enhanced week selector menu. Click here to learn more!
Check out our latest updates that introduced new features to Flowing On Order to Receipts, accessing your Raw Data from Item Plan, and using the Average per Week metric in Hindsight.
We’re excited to share some of the newly released features at Toolio! Updates include importing TSV file types, capturing the status of Assortment Plan line items, and utilizing placeholders to plan in Assortment Plan.
This week's updates introduce new features to Assortment Plan, Item Plan, and the Data Models in Toolio. Read more to learn about Custom Conditional Formatting Colors, Conditional Formatting in Item Plan, the introduction of the Assortment Plan Item Data Model, Forecasting in Item Plan with Actual Sales Seasonality, Customizing Variants directly in Item Plan, and the ability to set Output Metrics in Assortment Plan.
Check out our latest updates that introduced new features to Item Plan, Assortment Plan, and Data Models in Toolio. Read to learn more about exporting data from data models, planning by season in Item Plan, forecasting using custom volume trends, conditional formatting in Item Plan, and interconnectivity between Assortment Plan and Item Plan.
Our newest updates introduce new receipt forecasting functionality in Merchandise Plan, search functionality in the view selector menu, new volume methods for Item Plan forecasting, filter by metric capabilities in Item Plan, ability to edit your Product Master directly, and contextual export file names.
We’re excited to share some of the features that shipped this week at Toolio! Updates include seeding an Assortment Plan, Generating Item Plans from Assortment Plans, and Exporting Data from Item Plan.
Toolio updates this week include additional features in Assortment Plan, such as Like for Like updates and enhanced filtering, updated Sort features within Item Plan, new functionality included in the Gregorian Projection, and updates to the filters within the Data Models. Click here to learn more!
Check out our newest features released into Toolio including updates to the View Selector menu, additional relative time frames to utilize in Item Planning, the ability to seed by various weights in Merchandise Planning, and enhanced product images across the platform. We’ve also continued to build out of the box views to help you manage your data in Toolio.
Toolio’s newest updates include enhancements to the Merchandise Plan, Assortment Plan, and Item Plan modules! Read to learn more about our recent product updates that introduced Conditional Formatting improvements, the ability to Pivot by Attributes in Item Plan, and support for Top Down Planning in Assortment Plan.
For top down planning, your organization needs to determine the attributes to use. Given the high number of attributes that you will already be using for slicing and dicing reports, figuring out which attributes to use for top down planning can be a challenge. This post covers quick guidelines on how to figure out which planning attributes to pick for your business.
Knix, a direct to consumer intimate apparel brand that is re-inventing intimates for real life, has joined Toolio to help them scale and become more agile in planning and merchandising.
Toolio’s newest updates include enhancements to the Merchandise Plan, Assortment Plan, and Item Plan modules! Read to learn more about our recent product updates that introduced the Item Plan Time Range Selector, released new Out of the Box Views on all modules, and improved Merchandise Plan Pivot Functions.
Toolio’s newest updates include enhancements to Item Plan, Attributes, and Shopify Integration! Read to learn more about our recent product updates that introduced the Sorting feature to Item Plan, added core attributes to the attribute settings menu, and released support for multiple Shopify stores.
In this guide we break down the common approaches to generating SKUs.
Toolio is regularly improving to enhance your experience! Read to learn more about our recent product updates that introduced Conditional Formatting in Merchandise Planning, updates to the Assortment Plan Product Mix and visibility into plan dates, and On Order Flowing in Item Plan.
Toolio is constantly improving to further optimize your planning workflows! Read to learn more about our recent product updates that introduced Scenario Saving to Views, Metric Totals in Item Planning, and the Variance Metric Variant.
Outerknown, an apparel brand founded by pro surfer Kelly Slater and rooted in radical sustainability and circularity, has joined #Toolio to help them become more dynamic and data-driven in planning and merchandising.
Mack Weldon, a leading DTC brand reinventing men's basics has joined #Toolio to help them scale their merchandising organization and optimize planning processes.
Retail and its supporting tech landscape have undergone a massive transformation over the past decade, which was only accelerated by the recent pandemic. What sets leading retailers apart is their adoption of modern technology across the entire business. In this post, we talk about the key differentiators of modern commerce technology and the combination of solutions that make up the tech stack used by the industry's most innovative, high-growth retailers.
Verishop is an industry leader when it comes to building and leveraging technology within retail. Verishop needed a solution that could help them scale their planning processes, improve visibility and increase inventory planning & management accuracy. Today, with the support of the Toolio Merchandising Platform, Verishop has the ability to plan and forecast at the most granular levels and quickly react to change by leveraging real-time data and insights.
Size curves, also known as size breaks, define the ideal ratio between different sizes of a Color Choice or a Style. This post covers how to calculate the optimal size curve for a given product and walks you through how to use our free Size Curve Generator Template.
Weeks of Supply, also known as WOS, is a key performance indicator (KPI) that all retailers should be watching closely to understand the health of their inventory. This article covers how to use WOS and the different ways of calculating it.