Kirkland's Home Turns to Veltio for Advanced Fashion Assortment Planning

Leading Home Decor Retailer Turns to Veltio to Customize Next Generation Assortment Planning, Merchandise Financial Planning, Location Planning and Item Planning to Keep Itself at the Forefront of the Industry

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Veltio

Mar 23, 2015, 09:08 ET

CHAPEL HILL, N.C., March 23, 2015 /PRNewswire/ -- Veltio, the leading consultancy in the design, implementation and tuning of Oracle planning and optimization solutions for the retail industry, announced today it has completed Assortment Planning, Merchandise Financial Planning, Location Planning and Item Planning integrations for Kirkland's Home, a leading specialty retailer in the United States with over 330 stores spanning 35 states.

Kirkland's previously used Microsoft's Excel to handle planning functions. The manual system and lack of embedded-science within the process limited their ability to forecast strategically.

"Kirkland's needed automated systems that increased communication between teams," says Joe Martin, VP of Strategic Consulting at Veltio. "Veltio's configuration of an Assortment Planning suite allows for peak efficiency in a fully-scalable platform that will grow along with Kirkland's for years to come."

Veltio configured the Kirkland's Assortment Planning solution to address their specific challenges. The one-of-its-kind AP platform provides a science-driven, automated process that creates sales plans by item, store and week. The insights of the user-friendly program drive allocation decisions and offer guidance to maximize SKU productivity by store cluster and greater visibility to sales performance and tier strategies.

Tightly integrated with Veltio's integrations of Merchandise Financial Planning, Location Planning and Item Planning, the customized AP system replaced Kirkland's Home's manual process with an automated platform that ties financial plans and allocation decisions to the Assortment Planning and Assortment Creation strategies. Overall product visibility by the Assortment performance yields a better understanding of gaps in sales performance.

"The implementation of these planning tools has improved the planning process and communications between teams giving us the ability to make faster, better informed decisions," says Tripp Stevens, Senior Director of Planning and Allocation, Kirkland's Home.

About Veltio
Veltio is the leading consultancy in the design, implementation and tuning of Oracle planning and optimization solutions. Founded in 2003, Veltio consulting solutions leverage our organization's superior experience, expertise, methodology and global coverage to achieve win-win relationships with our clients. In addition to Oracle RPAS system integration, Veltio offers a number of managed client services geared towards creating unique solutions to our client partner's complex problems. We deliver results through innovation and proven best practices. For more information, visit our Website at http://www.veltio.com

About Kirkland's, Inc.
Kirkland's, Inc. was founded in 1966 and is a specialty retailer of home decor in the United States. Although originally focused in the Southeast, the Company has grown beyond that region and currently operates 337 stores in 35 states. The Company's stores present a broad selection of distinctive merchandise, including framed art, mirrors, candles, lamps, picture frames, accent rugs, garden accessories and artificial floral products. The Company's stores also offer an extensive assortment of gifts, as well as seasonal merchandise. More information can be found at www.kirklands.com.

SOURCE Veltio