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.
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.
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 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.
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.
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.
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.
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.
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.
In this guide we break down the common approaches to generating SKUs.
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.
We’ve written a handful of Google Sheet Scripts to give us additional custom formulas that help with many crtical merchandising workflows. Check out this post for a list of custom formulas, along with links to our public Google Sheet that demonstrate the extended capability.
This post covers the difference between Initial Markup (IMU) and Maintained Markup (MMU).
Step by step guide on how to use the Toolio Item Planning template to better manage your core items and ensure they never go out of stock.
Click here to get the most up to date free retail calendar and a guide on how to best use it to accurately compare your sales data.
Step by step instructions on how to use the Toolio merchandise financial planning and open to buy template.
In this guide, we break down the main steps you should be taking to create an effective merchandise financial plan.
This is a list of the most important retail math formulas that everyone in the industry should know and track in order to evaluate performance.