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NEW YORK - 6/28/05 -7thOnline, a premier provider of inventory and assortment planning solutions targeted to the specific needs of the apparel, accessories, and footwear community, announced today the availability of several new retailer-focused modules. With these powerful new sizing, top-down planning, optimization and comparison reporting tools, 7thOnline extends the Company's leadership position in the delivery of web-based, demand chain assortment planning applications.
The new modules offer significant enhancements in core functionality, enabling retailers to experience higher sell thru from better assortments at the door level and reduced operating costs due to increased employee productivity.
New Retailer Modules include:
7thOnline SIZER: Retailers can input their own size scales, so that assortments can be planned and orders can be placed down to the size level. 7thOnline SIZER is another tool that allows for more accurate assortments at the door level, resulting in higher sell-thru and margin improvement at retail.
7thOnline TOP DOWN PLANNER: Retailers can upload or input financial planning information into 7thOnline in order to execute top down plans on the system. The high-level financial plans can be broken down into classification, unit, dollar, price point, door, and size, depending on the retailer's requirements. Users are able to build assortments with placeholder styles, and then replace placeholders with vendor style numbers at the appropriate time. 7thOnline TOP DOWN PLANNER allows users to begin working on 7thOnline earlier in the planning process, allowing earlier management visibility, data aggregation, and internal and external collaboration.
7thOnline OPTIMIZER: 7thOnline's top down planning incorporates sophisticated optimization algorithms to generate recommended clustering, style counts, SKU counts, and assortment plans. The recommendation engine incorporates historical data, configurable KPI parameters, and 7thOnline's cutting edge optimization model.
7thOnline COMPARISON REPORTING: Enhanced reporting tools allow retailers to run a multitude of comparison reports, including current year vs. last year, plan vs. booked, and recommended vs. booked. These reports allow for more accurate and timely decision making throughout the planning and buying process.
"7thOnline's continued development of industry focused applications underscores our commitment to deliver progressive demand chain solutions that meet the specific requirements of the apparel, accessories, and footwear community. We work closely with our existing customers and partners to understand the vision and direction of technology initiatives in the industry, so that we can deliver best-in-class solutions that are ahead of the curve. Our Fortune 500 retailer customers continue to enjoy competitive advantages due to enhanced visibility, better inventory management and reduced operational costs," stated Max Ma, Chief Executive Officer.
About 7thOnline --
7thOnline provides comprehensive inventory and assortment planning solutions specifically targeted to the unique planning, buying and ordering processes of the global apparel, footwear, and accessories community. 7thOnline's web-centric solution suite encompasses visual and quantitative merchandising and assortment planning tools, powerful analytical and optimization engines, and automatic order transmission capabilities in multiple formats. 7thOnline's collaborative capabilities enable real-time sharing of key business information, both internally between colleagues and externally with trading partners, resulting in better-matched supply and demand. Customer results include higher sell-thru and lower markdowns through better assortments at the door level, better inventory matching due to earlier supply/demand visibility, shorter cycle times due to the streamlined process, and reduced operational costs resulting from significantly reduced administrative tasks and error rates.
Sales
24 W 40th Street New York, NY 10018
Tel: 212.997.1717
Fax: 212.997.1133
sales@7thonline.com