Leveraging PREDICTIVE ANALYTICS for optimal Buying & Merchandizing decisions
Uses a unique concept of VELOCITY OF SALES (VoS) at the heart of all predictive (dynamic demand forecasting) and prescriptive recommendations.
Unique concept of VoS
Tracking product performance dynamically taking into consideration variations in SKU availability across stores and across time-frames. All PRESCRIPTIVE RECOMMENDATIONS rely on this crucial and secret sauce of VoS.
Optimal recommendations of Ideal Assortment planning; Seasonal Buying & Merchandizing; Daily and Weekly Automated replenishments; Stock-transfers and Mark-down Recommendations through the use of VoS concept help in maximizing Retail Profitability.
Automating Data Harvesting and Integration
Creating Analytical Platform for Improving Profitability by providing correct picture of Orders, Stocks, Sales, Payments, Discounts and so on
Sophisticated Demand Forecasting
Using sophisticated modeling and data mining techniques, we have developed a superior, self-correcting demand forecasting methodology that is the backbone of our solution that facilitates RIGHT BUYING in advance for the Season.
Right Buying for Retail
Deciding on what to buy and how much to buy for each store for a full Season is the holy grail for all Fashion Retail businesses. In fact, money in Retail Fashion business is made on RIGHT BUYING rather than on selling.
Predictive Merchandizing Solutions
We offer Predictive solutions (Dynamic Demand Forecasting) and Prescriptive solutions (Seasonal Buy Plan; Automated Replenishment System; Stock-transfer recommendations and Mark-down recommendations.
Assimilation of data anfrom Variety of distribution partners in central information mart.
Every distribution partner, specially online has high volume data exchange and happens with different data format. It is imperative to get this streamlined
Reconciliation for Online partners
For small and mid Online only players, getting control of sales across these online partners is highly manual and time consuming. With faceless tickiting system, ensuring that they are getting right indicators about delays, penalties so they can stay ahead. In addition getting to know what levers to pull for staying in control of their cashflows.
Key decision making based on Information and Analysis
Understanding how your products are doing across portals. what’s working and what’s not working.
Decision making for Buying, Production, Inventory Storage at Locations, Discounting, Unusual Perormance / Events requiring action using Data Insights
Our Focus Areas
Improving Full Priced Sales
Dynamic demand forecasting through the unique concept of VoS (Velocity of Sales) ensures keeping Right stocks at the Right Place at the Right Time, enabling higher sell-through ratio for full-priced merchandise in the early part of the season.
Minimizing Opportunity Loss due to Stock-outs
Dynamic tracking of product performance through VoS (Velocity of Sales) helps in identifying mis-matches in stocks at various locations, enabling recommendations on stock-transfer to be made.
Optimizing Mark-down Costs
With a higher sell-through ratio during full-priced sales season, the need for mark-downs are reduced in the End of Season sales period, thereby optimizing the mark-down costs.
About DataBrooke Analytics
In the fickle world of consumer preferences and great advancements in Data analytics field, Buying & Merchandizing has become the MOST CRITICAL differentiator of success in fashion businesses. Profits are made or lost based on how good is the predictive (demand forecasting) and prescriptive (buying & merchandizing) models are in the Data Analytics platform being used. DataBrooke Analytics has the benefit of great knowledge and insights coming from the vast experience of leaders in the Retail merchandizing; Statistical modelling and Data-base design and analytics areas. Helping Clients scale Fashion businesses profitably is the only measure of success for us. To demonstrate our commitment, we are willing to accept a large part of our Fees to Success metrics on defined parameters. You can’t ask for anything better. Do call us NOW.
DataBrooke will post Videos on Latest Perspectives on Retail very soon.
DataBrooke Analytics is a division of C-BIA, a leading analytics and business intelligence practice based in Pune, India. C-BIA has presence in the UK, Mumbai and serves Fortune 500 companies, not-for-profit entities as well as leading consulting entities. Our Parent: C-BIA India and our Associate C-BIA Consulting UK