Toolio

Toolio is a modern merchandising platform designed to assist retailers in achieving increased topline, gross margin, inventory utilization, and customer satisfaction. According to the vendor, Toolio offers modules for merchandise financial planning and assortment planning, enabling streamlined operations, centralized information, and data-driven decision-making. It caters to a diverse range of professionals and industries, including retail merchandisers, planners, buyers, inventory managers, e-commerce managers, category managers, retail operations managers, and fashion and apparel retailers.

Key Features

Merchandise Planning: According to the vendor, Toolio enables retailers to build, understand, and maintain merchandise financial plans and open-to-buy using automation and real-time insights. It claims to facilitate the creation of top-down plans by channel, category, and location through seamless data aggregation. Retailers can automate complex merchandising processes to make faster, data-driven decisions. The platform also provides real-time insights to help retailers respond promptly to market changes.

Assortment Planning: Toolio claims to empower retailers to develop successful products by leveraging attribute-based analysis, data-driven insights, and visual line sheets. It enables retailers to analyze performance data and create new assortments based on historical trends. According to the vendor, retailers can use hindsighting and like-for-like comparisons to create placeholder products based on past winners. Additionally, the platform allows retailers to allocate products to clusters of stores or individual locations.

Item Planning: According to the vendor, Toolio supports retailers in maintaining optimal stock levels and increasing inventory visibility and productivity. It provides effective management of item-level demand through the analysis of historical data. Retailers can integrate Toolio with ERP and inventory management systems to gain real-time visibility. The platform also facilitates the generation of purchase orders based on safety stock targets, minimum order quantities (MOQs), and lead times.

Allocation: Toolio enables retailers to track inventory, purchase orders, and transfer orders across channels and locations. According to the vendor, retailers can maintain optimal inventory levels at each location to prevent stockouts. The platform automates the generation of transfer orders, improving productivity and reducing manual errors. Retailers can seamlessly integrate Toolio with ERP and supply chain systems for efficient inventory deployment.

Seamless Tech Stack Integrations: According to the vendor, Toolio seamlessly integrates with various business intelligence (BI) tools or data warehouses to consolidate all business information. It can also integrate with ERP or inventory management systems to automate the generation of purchase orders. Toolio further integrates with e-commerce platforms or point-of-sale (POS) systems to sync sales and inventory data. Additionally, it supports integration with product lifecycle management (PLM) or supply chain systems to manage production information and plan purchase orders.

Multi-Channel Infrastructure Prioritization: Toolio allows retailers to prioritize and optimize their multi-channel infrastructure. It seamlessly manages operations across physical stores, e-commerce platforms, and mobile applications, enabling retailers to enhance their overall customer experience.

Multi-Node Fulfillment: According to the vendor, Toolio efficiently manages and fulfills orders from multiple locations. It aims to improve order accuracy, reduce shipping costs, and enhance customer satisfaction.

Creative Financing: Toolio provides creative financing solutions to optimize working capital and cash flow. Retailers can leverage features such as inventory financing, consignment, and dropshipping to enhance their financial operations.

Investing In Data: According to the vendor, Toolio emphasizes the importance of data-driven merchandising decisions. It offers robust data analytics and reporting capabilities, enabling retailers to gain valuable insights into sales performance, customer behavior, and inventory trends.