Toolio is a merchandising platform that automates critical workflows and aggregates data to provide real-time insights for inventory management. By streamlining the decision-making process, it helps retailers reduce stock-outs and improve inventory turnover, ultimately enhancing profitability.
Funding
$12.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
JCFounders
Product
Problem
Retailers often struggle with inefficient inventory management due to reliance on manual processes and disparate data sources. This leads to inaccurate forecasting, stock-outs, overstocking, and ultimately, reduced profitability. The complexity of today's retail environment demands more sophisticated tools than spreadsheets can provide.
Solution
Toolio is a merchandising platform that streamlines and automates critical retail workflows, providing real-time insights and enabling cloud-based collaboration. The platform aggregates data from various sources to empower teams to make data-driven decisions regarding inventory. By unifying merchandising data, Toolio facilitates improved forecasting accuracy, optimized inventory allocation, and enhanced team alignment. This results in better planning, reduced stock-outs, faster inventory turnover, and increased margins.
Target Audience
Toolio targets retailers, including direct-to-consumer brands and global enterprises, seeking to improve inventory management, reduce costs, and increase profitability through data-driven merchandising.
Features
- Merchandise planning module for forecasting, budgeting, and optimizing merchandise plans
- Assortment planning tools to visualize and refine buying for optimal item mix
- Allocation module to automate inventory distribution and replenishment
- AI-powered forecasting that accounts for anomalies like out-of-stocks, promotions, and holiday shifts
- Real-time data aggregation from multiple sources for unified insights
- Collaborative platform enabling team alignment and data-driven decision-making
- Configurable workflows tailored to specific categories, markets, and business goals
- Integration with Shopify and other business intelligence (BI) tools