7thonline

7thonline is a retail SaaS solution that aims to streamline and optimize various aspects of the retail industry. According to the vendor, this platform caters to retailers, fashion brands, merchandisers, planners, and inventory managers, providing them with tools and functionalities to enhance their operations. With a focus on demand planning, inventory management, and solutions for both direct-to-consumer (DTC) and wholesale channels, 7thonline aims to offer a versatile solution for businesses of various sizes in the retail industry.

Key Features

Demand Planning: According to the vendor, 7thonline offers merchandise financial planning for retailers in seasonal product categories, as well as item level planning for inventory management. The platform enables allocation to drive products to stores with high selling potential and assortment planning to maximize selling potential based on historical data. The vendor also claims that the platform includes a PO requisition feature for independent goods requests by buyer/procurement departments, replenishment capabilities to ensure proper stock levels, an Open To Buy tool for accurate reviewing and analyzing of OTB, and a Fast Fashion Reorder system for quick response production. Embedded forecasting and reporting features are also available for insights into selling trends.

Inventory Management: The vendor claims that 7thonline can help businesses reduce lost sales by up to 10% and minimize markdown items by 30%. The platform aims to increase inventory turnover by up to 3X and reduce inventory carry costs by 9%. Additionally, the vendor states that businesses can reduce their initial inventory buy and optimize working capital with this solution.

DTC Solution: According to the vendor, 7thonline offers a DTC solution that aims to ensure coherency throughout the retail process. The platform provides 24/7 accessibility and scalability and includes DTC-specific applications such as merchandise planning and item level planning. Real-time collaboration capabilities are said to transform traditional S&OP meetings, allowing for transparency by drilling down to specific levels. The vendor claims that the platform also provides insights from any geo-locale and can improve the bottom line by reducing lost sales and minimizing markdown items.

Wholesale Solution: The vendor states that 7thonline offers a dedicated wholesale solution. This includes global merchandise planning and Open To Buy (OTB) functionalities. The platform features an eShowroom for B2B shopping cart accessibility 24/7. It enables global assortment planning for collection-based fashion products and ensures precise product amounts in distribution centers through replenishment capabilities. The production demand planning feature provides an accurate view of total booked units, while dynamic account grouping allows for instant demand visibility across channels. RetailConnect facilitates real-time exchange of line sheet and order information, enhancing efficiency and collaboration.