Why Toolio

Toolio vs Spreadsheets

Spreadsheets can quickly become inefficient and error-prone as retail operations expand, making tasks like managing forecasts and buying decisions cumbersome and limiting scalability — see the comparison below.

Increase Planning Efficiency by Automating Manual Tasks

Spreadsheets
Automated actualizations save time for decision-making
Time wasted on data pulling and formatting
1-click scenario creation with easy comparison of assumptions
Difficult and time-consuming to create scenarios on the fly
Automated aggregations over time and across departments
Manual consolidation of Open to Buys from different stakeholders

Increase Planning Efficiency by Automating Manual Tasks

Spreadsheets
Automated actualizations save time for decision-making
Time wasted on data pulling and formatting
1-click scenario creation with easy comparison of assumptions
Difficult and time-consuming to create scenarios on the fly
Automated aggregations over time and across departments
Manual consolidation of Open to Buys from different stakeholders

Increase Planning Efficiency by Automating Manual Tasks

Spreadsheets
Automated actualizations save time for decision-making
Time wasted on data pulling and formatting
1-click scenario creation with easy comparison of assumptions
Difficult and time-consuming to create scenarios on the fly
Automated aggregations over time and across departments
Manual consolidation of Open to Buys from different stakeholders

Optimize and Localize Assortments

Spreadsheets
Assortments are reconciled with top-down merchandise plans to avoid over-buying
Not reconciling to top-down plans causes SKU proliferation and over-buys
SKU rationalization ensures optimized assortments that meet demand
Limited rigor around assortment rationalization leads to SKU proliferation
AI/ML-based cluster creation ensures localized assortments with higher accuracy
Clustering is labor-intensive and inaccurate

Improved Forecasting Accuracy

Spreadsheets
One-click analysis of historical demand trends with True Demand (fully in-stock & non-promo weeks)
Historical demand is assessed based on sales vs. actual demand
Speedy like-for-like forecasting leverages True Demand and AI models
Like-for-like forecasting is challenging and inaccurate
Improved initial allocations through missed opportunity analysis and cluster-level de
Wrong initial allocations due to inaccurate location-level demand

Provide Strategic Insights for Smarter Decision Making

Spreadsheets
Assortment planning integrates with top-down and bottom-up merchandise plans for alignment
Disconnected top-down and bottom-up planning leads to missed opportunities
Single source of truth that integrates seamlessly with your tech stack, improving alignment
Siloed data across different teams causes planning inefficiencies
1-click PO creation down to size and location level for fast, accurate purchasing decisions
Labor-intensive processes to create new purchase orders

Improved Collaboration

Spreadsheets
Cloud-based collaboration with a single source of truth across departments
Siloed data between teams leads to slow decision-making
Version control with automated snapshots to track changes and ensure alignment
Limited versioning and no automated snapshots
Easy collaboration across teams with modern t
Collaboration troubles result in wasted time

Automate Allocation for Efficiency and Accuracy

Spreadsheets
Automated, intelligent allocation based on real-time demand, location, and presentation constraints
Manual, labor-intensive allocation processes
Allocations are dynamically updated with real-time integrations and automated processes
Allocation decisions are delayed due to time-consuming data compilation
Automated transfer order creation directly within your ERP from Toolio
Manual steps required to transfer data to ERP or 3PL for actioning

Improve Forecasting and Reduce Out of Stocks

Spreadsheets
AI-powered forecasting accurately predicts SKU x location demand for optimized allocation
Allocation relies on incomplete or outdated demand data, leading to over/under-stocking
True Demand data (e.g., fully in-stock weeks, non-promo periods) drives precise forecasting
Historical data often overlooks missed opportunities (e.g., out-of-stock issues)
Automated, actionable alerts highlight overstock risks and potential shortfalls
Lack of visibility to past and future exceptions

Enhance Collaboration and Planning Integration

Spreadsheets
Centralized, real-time data enables collaboration across teams and departments
Data and processes are siloed across teams, making collaboration difficult
Fully integrated allocation and merchandise planning for aligned decision-making
Lack of alignment between top-down plans and allocation.
Improved initial allocation with integration to Assortment Plan.
Inaccurate initial allocations due to challenges in aligning pre-season decisions

Results in weeks, not months

2-3%

Margin Improvement

5-10%

Increased In-Stock Rate

35%

Time Saving

10x

Return on Investments

Merchandise Plan

See Toolio In Action

The best way to understand what Toolio could do for you is to see for yourself. Get started with our team today!