Customers
AKA Brands' Secret to Reducing SKU Count by 50-75% While Maintaining Sales
About
AKA Brands, a prominent player in the fashion industry known for its portfolio of successful digital native brands, has revolutionized its inventory management strategy and achieved remarkable results since implementing Toolio's integrated inventory management solution. As a company that specializes in acquiring and scaling high-potential fashion brands, AKA Brands understands the importance of efficient inventory management across its diverse portfolio. By leveraging Toolio's advanced demand forecasting and inventory visibility capabilities, AKA Brands has optimized its inventory levels, significantly reduced SKU count, and greatly improved its decision-making process.
Use Cases
Inventory Planning and Forecasting
SKU Rationalization
Collaboration and Transparency
Modules
Merchandise Planning
Assortment Planning
Item Planning
Reporting & Analytics
Location
United States
Australia
50-75%
SKU Count Reduction
Expected $5M
in Cost Savings and Efficiency Gains
5-10
Weeks of Stock Reduction
Solution
Before implementing Toolio, AKA Brands used a fragmented approach to merchandise planning, forecasting, and assortment planning, utilizing tools like Excel, Inventory Planner, and Airtable. This process resulted in a lack of transparency in inventory planning and challenges in identifying opportunities for SKU rationalization. Stacey Schriefer, VP of Inventory Planning at AKA Brands, acknowledged the necessity for a comprehensive, data-driven solution to tackle these issues head-on.
Stacey Schriefer
Vice President Inventory Planning
“Toolio was instrumental in showing our merchants that they could have 50-75% less SKU count and do the same amount of sales. We expect $5M in cost savings and efficiency gains.”
A Closer Look at Metrics
Data-Driven Decision Making
Stacey Schriefer highlights Toolio's pivotal role in transforming AKA Brands' inventory management approach:, "Toolio is an effective out of the box connected planning solution, enabling collaboration and rewarding teams with transparency and efficiency." The platform's robust features, such as the Compare mode in Assortment Planning, have simplified processes and enhanced the company's ability to make strategic decisions quickly.
Driving Operational Excellence
The adoption of Toolio at AKA Brands has not only optimized their inventory management processes but also empowered the company to thrive in the competitive fashion industry. With Toolio's support, AKA Brands confidently navigates inventory challenges, ensures optimal SKU count, and makes informed decisions to meet consumer demands effectively.
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