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.

Ready to discover why next gen retailers are choosing Toolio over spreadsheets?

Merchandise Planning: What makes us different
functıon
Toolio Brand Logo
Open To Buy
• Manual weekly / monthly open to buy processes result in time wasted in data actualization & formatting vs. decision making
• Automated re-forecasting to respond to trends

• Accurate inventory projection allows quick decisions around PO movements and pricing adjustments.
Scenario Playing
• Difficult and time consuming to create scenarios on the fly (takes tens of hours to prepare)

• Scenario data is not actualized daily and only represents a snapshot view
1-click scenario creation to try out different assumptions

• Ability to align the organization across different what-if scenarios with easy comparison
Pre-Season Planning
• Manual and inaccurate initial plan creation

• Disconnected Store Plans and Merchandise Plans with no simple reconciliation
• Quick and accurate initial plan creation via seeding leveraging cleansed demand data

•Multiple reconciled planning approaches, i.e. store planning & merch planning allow more accurate buys
Initial Plan Creation
• Cannot easily share reports and collaborate for quick decision making

• Hard to put plans / actuals in a single report at various levels in the organization

• Hard to see trends and anomalies
• Single source of truth for all reports

• Plans vs. Actuals are in a single place

• Exceptions are highlighted for quick decision making
Overall Productivity
• Crashes with large datasets

• Limited versioning

• Collaboration troubles results in time wasted

• Siloed data is everywhere (tens or hundreds of Excel files for different teams)

• Time spent on data pulling / formatting (i.e. being an Excel Jockey) vs. strategic decision making
• Modern, cloud-based SaaS

• Version control and automated snapshots

• Easy collaboration

• Single source of truth (integrates w/ your Tech Stack)
Automated actualizations

• Modern tooling for a modern workforce
Improved Product Selection
More appealing product selection through trend analysis, attribute success, etc
Improved Initial Allocation
Put more product in the right place first time using clustering.
Automated Actualization
Toolio automates the data actualization process by pulling data from relevant sources.
Weekly KPI Review
Automated report creation, scheduling deliveries to key-stakeholders and highlighting exceptions
Monthly Re-Forecasting
Easy reforecasting through purpose-built functions and workflows to automate re-projecting the business. Seamless scenario playing to try out what-if scenarios.
Initial Plan Creation
Easy and accurate annual plan creation using historical information and easy top-down adjustments using locking & spreading.
Assortment Planning: What makes us different
functıon
Toolio Brand Logo
Integrated Planning
• Not reconciling to top down plans causes SKU proliferation and over-buys

• Labor intensive process to create new purchase orders
• Assortments reconciled with top-down merchandise plans

• 1 click PO creation down to size level to respond to supply/demand efficiently
Hindsighting & Assortment Rationalization
• Historical demand assessed on sales vs. demand

• Limited rigor around assortment rationalization results in SKU proliferation
• One click analysis of historical trends

• SKU rationalization for new assortment creation
Automated Store Clusters
• Clustering is labor-intensive and inaccurate

Wrong initial allocations due to inaccurate location level demand
• AI / ML based cluster creation

• Improved initial allocation via missed opportunity analysis
Automated Buy Quantities
• Not using true-demand due to the labor involved causes over-buying or under-buying

• Like-for-like forecasting is challenging
• Leverage cluster-level True Demand (i.e fully in-stock weeks & non-promo weeks)

• Speedy like-for-like forecasting
Overall Productivity
• Crashes with large datasets

• Limited versioning

• Collaboration troubles results in time wasted

• Siloed data is everywhere (tens or hundreds of Excel files for different teams)

• Time spent on data pulling / formatting (i.e. being an Excel Jockey) vs. strategic decision making
• Modern, cloud-based SaaS

• Version control and automated snapshots

• Easy collaborationSingle source of truth (integrates w/ your Tech Stack)

• Automated actualizationsModern tooling for a modern workforce
Better Buy Quantities
Better buy quantities by leveraging cluster-level True Demand (i.e. fully in-stock weeks & non-promo weeks) & like-for-like forecasting.
Accurate Size Profiles
More accurate size curves by understanding True Demand by Size
Improved Initial Allocation
Put more product in the right place first time using clustering.
Improved Demand Forecasting
Improved demand forecasting accuracy via forecasting algorithms, more robust seasonality curves and automated size-level True Demand.
Faster PO Creation
Automating PO Creation helps retailers cut POs faster and respond to changes in Supply or Demand more efficiently
Weekly KPI Review
Automated report creation, scheduling deliveries to key-stakeholders and highlighting exceptions
Initial Plan Creation
Easy and accurate annual plan creation using historical information and easy top-down adjustments using locking & spreading.
ACHIEVE ROI IN AS LITTLE AS 3-6 MONTHS
2-3%
Margin Improvement

By leveraging historical data more effectively and through better analysis of true demand, Toolio allows better quantification of the buy and deployment of inventory which increases full-price sell-through, improving the Gross Margin %

5%
Increased In-Stock Rate

Toolio reduces out-of-stocks through better demand forecasting and automating replenishment.

5%
Turn Improvement

By buying just enough inventory to maintain appropriate service levels and by increasing order cycle, Toolio helps improve Turn, especially on Core products.

35%
Time Savings

Instead of spending time on non-value-adding tasks like data entry, copy and paste, aggregation, validation and formatting, invest time in high-value actions like forecasting and scenario planning.

10x

Expected Return on Investment