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Optimization Services
Intelligent Seeding through Optimization. With 7thOnline Optimization Services, merchants can translate otherwise unwieldy data into actionable recommendations that provide maximum profit potential. The powerful optimization engines recommend optimal clustering and localized assortments down to the SKU by store level.
7thOnline's proprietary optimization algorithms and services are at the forefront of optimization technology for the apparel, footwear, and accessories industries. The solutions are currently being used by some of the largest department store retailers in the US, with documented results of up to 14 percentage point increases in sell-thru and up to 15 percentage point reductions in stock-out levels.
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Our optimization solutions have been built with the flexibility to account for each of our client's specific business process requirements.
Assortment Optimization and Cluster Optimization are available through 7thOnline Assortment Planning or can be integrated with your current planning systems. All services can be provided in externally generated reports.
Assortment Optimization: Generates the recommended distribution of purchasing dollars across various categories and classes of merchandise by store as well as the SKU breadth and depth by store required to maximize gross margin dollar contribution Cluster Optimization: Generates the cluster configuration at the department/class level that will optimize the distribution of units at the individual store level Size Optimization: Recommends size profiles for open stock, pack configurations for each pack size, and distribution of open stock and packs to stores required to maximize gross margin |
