Name: Toolio
Author: Toolio

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Applicant Tracking

Corporate Learning Management

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HR Management

Leave Management

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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.

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Toolio

Inventory management systems are built to handle every stage of the inventory process lifecycle. There are several essential components to most inventory management solutions, starting with order entry capabilities to handle purchase automation. Another standard feature: inventory control and warehouse management to track products and manage workflows through warehouse management. Inventory management systems also typically include distribution capabilities for supply chain management. Fully-featured inventory management systems may also include integrations with customer lifecycle service management, enterprise resource planning software, and robust financial analysis and insights.

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Serial number and batch tracking

Track individual items via serial number or batches of items made or purchased at the same time in addition to total stock of item types.

Barcode scanning

The software offers UPC creation and scanning capabilities or integrations for tracking inventory.

Automation rules

Rules can be established to automate reordering items, applying tags to organize inventory, creating production orders, shipping items via specific carriers or methods, and more.

Reporting and analytics

Reports about historic and current inventory and order trends are available.

Fulfillment

When orders are received, pick orders are sent to the ideal location and fulfillment status can be tracked.

Backorder management

Backorders are prioritized and fulfilled as new stock arrives.

Returns management

Returns are processed and accounted for among orders and inventory.

Bill of materials management

The software can create and manage BOMs based on orders.

Item kitting

Items can be bundled and sold together in a kit, and the software will automate the necessary tracking and fulfillment steps to manage each individual item.

Invoicing

Invoices for orders can be created and sent, and invoices from suppliers can be managed.

Forecasting

The software predicts future inventory and order trends, and may offer reordering and production suggestions based on these predictions.

Accounting integration

The software integrates with accounting software for more comprehensive bookkeeping.

Point of sale integration

The software integrates with a point of sale system for payment processing.

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Toolio

Overview

What is Toolio?