Retalon

Retalon is an AI-driven solution specifically developed for the retail industry. It offers a wide range of tools for optimizing inventory management, order fulfillment, and returns management. According to the vendor, Retalon is suitable for retail companies of all sizes and is utilized by professionals across various industries including retailers, e-commerce companies, supply chain professionals, inventory managers, operations managers, and retail executives. It is particularly beneficial for specialty retailers, department stores, apparel retailers, grocery retailers, and home goods retailers, as well as retail planners, merchandise planners, and pricing analysts.

Key Features

Purchasing: Retalon utilizes retail-specific AI and predictive analytics to optimize purchasing decisions, providing detailed visibility and control over the purchasing process.

Smart Allocation: Designed for unified commerce retailers, Retalon's allocation solution ensures efficient allocation of inventory to the appropriate locations at the right time. It takes into account factors such as merchandise plans, promotions, inventory levels, demand forecasts, and product seasonality.

Auto Replenishment: Retalon's replenishment software, powered by AI and predictive analytics, offers accurate demand forecasts and recommends optimal order quantities based on reliable forecasts.

Store Transfers & Assortment Balancing: Retalon's solution employs AI to analyze demand forecasts for each location, identifying slow sell-thru rates and products with high demand but low inventory. It provides recommendations for profitable transfers across the business, optimizing store transfers and assortment balancing.

Safety Stock Optimizer: Retalon's Safety Stock Optimizer utilizes AI and predictive analytics to strike a balance between minimizing the risk of out-of-stocks and reducing the cost of carrying excess inventory. It maintains an optimal in-stock percentage while protecting high-performing products.

Analytics: Retalon offers advanced analytics and reporting capabilities to gain valuable insights into retail operations. It enables analysis of sales, inventory, pricing, and other crucial metrics, facilitating data-driven decision-making. The software also provides intuitive data visualization tools.

Forecasting: Retalon's advanced algorithms and machine learning generate accurate demand forecasts, incorporating various factors such as seasonality, pricing, and cannibalization. This enhances inventory management and reduces lost sales.

S&OP (Sales and Operations Planning): Retalon's AI-powered planning tools optimize sales and operations planning by aligning sales, marketing, and operations teams. It provides accurate demand forecasting, facilitates production planning, and optimizes inventory levels to meet customer demand. The software streamlines communication and collaboration across departments.

Smart Fulfillment: Retalon leverages AI to optimize complex omnichannel fulfillment, including reverse logistics. It automates order routing and fulfillment decisions, optimizes inventory allocation and replenishment, and enhances visibility and control throughout the entire fulfillment process.

Ecommerce: Retalon helps maximize sales and profitability for online stores by optimizing product assortment and pricing. It streamlines order fulfillment and shipping processes, improving customer satisfaction. The software utilizes data analytics to understand customer behavior and preferences, enabling targeted marketing efforts.