They are coming to us with new VMI ideas and being really proactive in coming up with solutions to things, in some cases, that we haven't even thought about...As we coordinate our physical and digital assets, embrace hard copy and virtual media, the team at SilkRoute challenge and improve our all channel vision. We would recommend the team at SilkRoute to anyone, but, to be honest, we're hoping to keep them all to ourselves.Rob Salter
Category Director of Entertainment
SkyLight is a robust vendor managed inventory (VMI) SaaS solution. SkyLight receives POS data from world's top retailers and manages many product categories for our supplier, wholesaler and distributor customers.
SkyLight optimizes all aspects of the retail demand chain with a mission to sense demand, stock smart, sell more and see everything. SkyLight key functionality includes; new product introduction, demand sensing and shaping using POS and other sources, demand driven replenishment, assortment optimization and reverse logistics. SkyLight has superior demand forecasting, perpetual inventory management and assortment optimization and many more algorithms built by our data scientists at its very core. SkyLight is built on the atomic level foundation of a unique item-location combination. SkyLight is a high performance rapidly deployable and easy to use solution with a global and growing customer footprint.
SilkRoute provides a turnkey SkyLight VMI as a Service (VMIaaS) option leveraging our vendor managed inventory center of excellence. This option is very popular with many of our customers.
iBuy is an innovative software module that is utilized for new product introductions. iBuy compares the new product against similar items, or like groups of items, or even entire genres of similar products that will enable the buyer to precisely forecast the amount in which to order. Once the product is launched, the ratios and the comparisons utilized in this module will forecast and replenish the product as sales begin to come in.
The iBI module contains canned reports of master and transactional data such as orders, sales and inventory. Users can filter, sort, group and export. For more analytical reporting we use Jasper. iBI provides high visibility and single source of the truth of the data.
With iAssort, each store is dynamically replenished with the best selling items within the store. The user specifies the items for the assortment using included items, excluded items, and even specifies the location of the item. In iAssort, the user can create assortments customized by store. The tool recommends the best products based on sales ranking and then always replenishes the next best item in the assortment up to the assortment's capacity.
Inventory management on a surgical level analyze inventory to aid in pinpointing shrink and mis-ships. This Inventory management module analyzes inventory discrepancies to aid in pinpointing stock shrink and mis-ships, so that red flags can be noted by the buyer
The iForecast definition utilizes various numbers of forecasting algorithms to calculate an accurate order for replenishment. The "best fit" technique for instance, combines the entire catalog of forecasting algorithms and picks the one with the least amount of forecasting error. Three types of models are utilized here: the new release model, the seasonal model (52 weekly plotted graph points) and a promotional model (forecasting in the rules of particular promotions). In addition, there is "Automated Replenishment" which is calculated using lead times, safety stock, planned sales days, and review time (based on time between order cycles).
The iPlan module is used for space planning. The user can load fixture information inputting widths, heights, minimums, and maximums within the store's footprint. After the information is acquired, the iPlan algorithms calculate a minimum and maximum, and apply those minimums and maximums to desired order sources to satisfy the presentation requirements of the store's footprint.
The iOrder/iLocation module allows users to review, adjust and release order lines, making them available for their organization's warehousing systems to process. Also within this module is the ability to track the orders lines through the order life cycle from warehouse to shelf. Orders created via iForecast, iBuy, iAssort, Grouping Min/Max , iLocation (SkyLight's manual ordering module) may all be forced to the review screen within iOrder for review. iLocation's convenient order placement either by search and select or excel import allows the user to assign order source, business rules and special instructions on the fly. SkyLight's iOrder module provides unmatched flexibility while ordering products.
SkyLight is built from day one as a true SaaS solution offered on a monthly subscription basis. SkyLight provides our customers with a flexible and low-cost means of implementing a complete wholesale/retail supply chain management suite capable of handling all business processes and workflows in an integrated fashion.
SkyLight customers are suppliers, wholesalers and distributors who are implementing Vendor Managed Inventory programs with their retail customers or aspire take their current VMI capabilities to a whole new level of operational and strategic excellence.
Efficient B2B upstream and down stream integration services provide SkyLight customers with incredible speed-to-value. These integration services come to you at no cost during our rapid implementation phase. Most customers begin operating their VMI supply chain in production on SkyLight within 30-45 days of initiating the implementation.
SkyLight SaaS platform provides uncommon scalability. Our customer portfolio includes some of the world's largest suppliers, wholesalers, distributors and retailers and yet our solution is priced to attract customers in the SMB segment equally well.
Speed to Market is important than ever for our customers. We don't waste our customer's time with powerpoint slides. We provision SkyLight SaaS platform for them in a day. We load our customer's sales and inventory historical data and configure their business rules in SkyLight within a week. We provide a no risk option to our customers to implement SkyLight. Our customers are delighted with the results.