Solutions / Retail Solutions / In-Season Management

Outsourced Services

7thOnline enables merchants to work more intelligently and efficiently at each stage of localized planning and execution... The solutions provide the number crunching and intelligent recommendations so that the merchant can focus on their art.

Max Ma
CEO
7thOnline, Inc.

7thOnline OptiTrack

In-Season Merchandise Management

Even with an optimally executed plan, reality will inevitably vary from that plan. Consumer preferences and buying activity are ever-changing, and variability in supply and deliveries will impact in-stock inventories. Retailers need a way to track in-season performance against plan in order to react as quickly and effectively as possible to meet forecasted demand.

7thOnline OptiTrack enables the dynamic assessment and forecasting of sales, inventory, and receipts by week throughout the selling season so that merchandise assortments and promotional strategies can be adjusted to best match current demand. 7thOnline OptiTrack is the in-season solution within the 7thOnline Continuous Merchandise Management suite.

KEY CAPABILITIES
Dynamic in-season assessment of merchandise assortment with robust forecasting engine Forecast based on current trend as well as multiple year historical seasonal selling patterns Analyze plan vs. actual vs. forecasted sales, receipts, inventory and open-to-buy Track and forecast down to style/color/size by location by week System recommends markdowns or reorders based on current trend Utilize adjusted plans as basis for next season plan Integrate with 7thOnline OptiPlan (Merchandise/Assortment Planning) and 7thOnline OptiBuy (Assortment Execution) or with your own merchandising systems Forecasts seed future merchandise plans within 7thOnline OptiPlan, enabling a 360° merchandising cycle.

KEY CAPABILITIES

Dynamic in-season assessment of merchandise assortment with robust forecasting engine
Forecast based on current trend as well as multiple year historical seasonal selling patterns
Analyze plan vs. actual vs. forecasted sales, receipts, inventory and open-to-buy
Track and forecast down to style/color/size by location by week
System recommends markdowns or reorders based on current trend
Utilize adjusted plans as basis for next season plan
Integrate with 7thOnline OptiPlan (Merchandise/Assortment Planning) and 7thOnline OptiBuy (Assortment Execution) or with your own merchandising systems
Forecasts seed future merchandise plans within 7thOnline OptiPlan, enabling a 360° merchandising cycle.

KEY BENEFITS
Guides profit-maximizing strategies for open-to-buy, reorders, markdowns, and flow planning Robust forecasting engine ensures plans are adapted to match current demand patterns, while incorporating multiple year historical seasonal selling patterns Real-time visibility into plan vs. actual vs. forecast - across organization and down to style by location - enables optimal and timely decision-making Increased sell-thru/reduced markdowns Reduced stockouts and excess inventory Web-architected system with 24/7 accessibility & portability

KEY BENEFITS

Guides profit-maximizing strategies for open-to-buy, reorders, markdowns, and flow planning
Robust forecasting engine ensures plans are adapted to match current demand patterns, while incorporating multiple year historical seasonal selling patterns
Real-time visibility into plan vs. actual vs. forecast - across organization and down to style by location - enables optimal and timely decision-making
Increased sell-thru/reduced markdowns
Reduced stockouts and excess inventory
Web-architected system with 24/7 accessibility & portability

Contact Us
Corporate Headquarters: 24 W 40th Street, 11th Floor New York NY 10018 Tel: 800.775.7571 212.997.1717 Fax: 212.997.1133 sales@7thonline.com support@7thonline.com info@7thonline.com
Contact Detail