vendor sales dashboard user guide

21
VENDOR SALES DASHBOARD USER GUIDE Introduction: Better Together One of our guiding values at Stitch Fix is partnership. Through partnering with our supplier community, we believe that together we can create products that enable us to grow our businesses, transform the way people find what they love, and help people be their best selves. The Vendor Sales Dashboard empowers you, our suppliers, to review client feedback and gain insights into what is and is not performing well and dig into why a style is performing the way it is. This guide will help you understand how to use the Sales Dashboard and offer suggestions for how you might leverage insights from it. We should say that beyond the tips we offer in this guide, there are many more ways for you to dig into the data we are sharing with you and we hope you and your team do! Our entire Stitch Fix team is excited to see how you interpret this data and bring it to life in product and assortment iterations. We hope that you enjoy learning about how to best serve our clients and partner with us to do so.

Upload: others

Post on 13-Mar-2022

9 views

Category:

Documents


0 download

TRANSCRIPT

VENDOR SALES DASHBOARD USER GUIDE

Introduction: Better Together

One of our guiding values at Stitch Fix is partnership. Through partnering with our

supplier community, we believe that together we can create products that enable us to

grow our businesses, transform the way people find what they love, and help people be

their best selves.

The Vendor Sales Dashboard empowers you, our suppliers, to review client feedback

and gain insights into what is and is not performing well and dig into why a style is

performing the way it is.

This guide will help you understand how to use the Sales Dashboard and offer

suggestions for how you might leverage insights from it. We should say that beyond the

tips we offer in this guide, there are many more ways for you to dig into the data we are

sharing with you and we hope you and your team do!

Our entire Stitch Fix team is excited to see how you interpret this data and bring it to life

in product and assortment iterations. We hope that you enjoy learning about how to best

serve our clients and partner with us to do so.

Table of Contents

Accessing the Sales Dashboard

Overview of the Sales Dashboard

Style Tab

By Week Tab

Period Over Period

Help

Stitch Fix Glossary

 ACCESSING THE SALES DASHBOARD

To gain access to the Vendor Portal, contact your buyer as they control all Vendor

Portal and Sales Dashboard access.

The Vendor Sales Dashboard is accessible after you start to receive your first sales. It

will appear to the right of the Purchase Orders tab in the Vendor Portal

(https://sfvip.stitchfix.com).

When you click on the Sales Dashboard link it will open in a new window.

Once you are in the Sales Dashboard, if you wish to return to the previous page, simply

go back to the previous tab open in your browser or click My Profile, My Resources, or

Purchase Orders to go back.

Please note the Sales Dashboard contains privileged information for only those users

specifically given access. Data should not be shared outside of your own company.

 OVERVIEW OF THE SALES DASHBOARD

The Vendor Sales Dashboard has three tabs to view client feedback, product success

rates, and receipt history with Stitch Fix. Each tab serves a unique purpose:

● Style tab shows brand sku level insights as a snapshot of a specified period.

Client comments are also visible at the brand sku and colorway level.

● By Week tab shows various category level insights aggregated as a snapshot

and overtime in chart form.

● Period Over Period shows category level insights in table form comparing two

periods. There is also the option to download data in a CSV in this tab at the

category or brand sku level.

Additional Notes

All date filters are based on the Stitch Fix Fiscal Calendar.

The filters selected in one tab will carry over as you move from tab to tab.

Other brands and vendors cannot see your data. It is exclusively visible to you.

 STYLE TAB

This tab shows performance by individual brand sku and colorway in a specific period. It is a great way to get a visual of the assortment and how individual styles are performing.

Toolbar

Fiscal Week Range: select the time frame for which you want to see data.

Sort Metrics: select the metric you wish to rank brand skus by (e.g. success rate).

Min Checked-Out Ships: Certain Metrics such as “Success Rate” and “Client

Feedback” will give you the option to select “Min Checked-Out Ships”. While the default

is 400 checkouts, the more checkouts you have, the greater confidence you can have in

the data. For example a style with 1000 checkouts should have a more accurate

Success Rate than a style with 500 checkouts. However, if you’re looking to get an early

read on a new style, you can reduce the checkouts to 50.

Sort Order: Select the order in which you want to rank your brand skus. (e.g. view best

sellers - highest success rate first, or worst sellers - lowest success rate first)

Additional Metrics: select additional metrics to layer onto the brand sku images. For

example, a client fit feedback metric is selected in addition to the main sort metric of

success rate in the screenshot below.

Compare By: select how you would like the style variants to be organized. You can

also choose to compare by "all" to see your entire assortment ranked by your sort

metric without organizing groups (e.g. by Business Line).

Display Limit & Number Per Group: restrict your view to showing just the high or low

performing brand skus (depending on how you are sorting the data) by either using a

finite number of skus or the top or bottom % of brand skus.

Filters: restrict the data to more specifically categorized brand skus. (e.g. the 2nd Layer

Department)

Examples of Reports to Make

To identify your top performing styles in terms of sellthrough (success rate%) and

explore if quality or style is more of a factor in clients purchasing them:

1. Filter the Fiscal Time Period to all quarters to view performance over all time

2. Select the Sort Metric to “Success Rate” and ensure the sort selection is on High

to Low

3. Select “Great Quality” and “Like & Love Style” in Additional Metrics

If you want to narrow your focus to review top sellers and try to assess why they are top

sellers for a specific category within a specific business line, add filters:

1. Filter for a specific business line (if you sell to more than one business) to narrow

your focus

2. Filter for a specific category using the department and class filters

OR if you want to compare how your assortment is performing by all departments at

once:

1. Use the Compare By feature to select “Department”

*You can also take these steps to do the reverse and assess your poor performing

styles by adjusting the Sort Selection to Low to High and then update the client

feedback compare by metrics to critical feedback such as “Size Too Big Pct” and “Size

Too Small Pct” to see if size feedback is driving down Success Rate.

Style Details: When you hover over a style you’ll see a little magnifying glass icon.

Click that to open up details about a style including on order information.

>>>>

Client Comments: When you hover over a style you’ll see a little comment cloud icon.

Click that to open up client comments about a style. In addition to viewing client

comments you’ll see client feedback ratings for the selected style for the period selected

on the Styles tab. However, all client comments will show.

>>>

In the client comment view, you’ll be able to filter the information to try to hone in on

comments related to specific ratings or whether something was returned or not.

 BY WEEK TAB

This tab shows various category level insights aggregated as a snapshot and overtime

in chart form. By providing a visualization of performance data over time, one gains a

more high-level look at business performance.

Toolbar

Fiscal Week Range: select the time frame for which you want to see data.

Sort Metrics: select the metric you wish to rank brand skus by (e.g. success rate).

Compare By: select how you would like the style variants to be organized. You can

also choose to compare by "all" to see your entire assortment ranked by your sort

metric without organizing groups (e.g. by Department).

Filters: restrict the data to more specifically categorized brand skus. (e.g. the 2nd Layer

Department)

Chart Types

Summary: The first chart shows a bar chart of data for the metric selected in the "Sort

Metric" field and the category selected in the "Compare" field based on the selected

period.

*You may notice small or large lines in the middle of each bar, this is to give you a

gauge of the spread of the metric.

By Week: This chart shows performance by fiscal week, month, and quarter, again

reflecting the 'Sort Metric' and 'Compare' field selected within the period selected.

Note on each chart there are filters to select, 5, 10, 15, or All. This feature is helpful

when comparing a categorization with over five possible data points such as category.

The filters of 0, 5, 10, 15, and All, group together the information based on which

category has the most client check outs and then ranks them according to the sort

metric selected.

Examples of Reports to Make

To assess how specific colors are contributing to client’s Like & Love Style feedback

over a period of time:

1. Select the Fiscal Week Range you want to review (e.g. during a specific season

to see how seasonal colors are performing)

2. Select “Style Like or Love Pct” in the Sort Metric field

3. Select “Color1” in the Compare by Field

 PERIOD OVER PERIOD TAB

This tab shows category level insights in table form and compares two periods. Data

can be populated both into a report within the dashboard and exported into a CSV file at

a category or brand sku level.

Toolbar

Fiscal Week Range: select the time frame for which you want to see data for in “This

Period” and select the period you want to compare it to, if you want to do a comparison,

otherwise ignore “Last Period”.

Filters: restrict the data to more specifically categorized brand skus. (e.g. the 2nd Layer

Department)

Report Hierarchy: arrange the way the data is presented in the table. Add in additional

fields and/or click and drag to rearrange the fields and expand the table.

Comparing data over two time periods: compare data over two periods of time.

Within the table populated within tab, data is listed by TP ('This period', time frame first

selected), LP ('Last Period', time frame selected second), and VAR LP (% variance).

Generating Reports: Once you have the time frame, filters, and hierarchy selected,

click the "Generate Report" button to create the report within the tab. There are two

different reports you can download from the PoP dash.

Once you generate a report, it will turn from “Red” or “White” to “Blue” and be available

for a CSV download.

1. Download CSV Report: this report generates the table displayed within the

application.

2. Brand Sku Detail Report: this report produces the same data displayed but at the

brand sku level

Additional Features

Sort columns from high to low by clicking on them.

Examples of Reports to Make

For a quick overview of your business with Stitch Fix (receipt history), run a PoP report

and break it down by the business lines and categories you are selling to buyers by:

1. Selecting the period you want to review using the Fiscal This Period selection

2. Select “Business Line” and “Department” in the Report Hierarchy Field

 HELP

If you are unable to access the Sales Dashboard, first contact your buying partner to

ensure you have the proper access.

If there is a bug and the data is not loading, contact [email protected].

To submit enhancement suggestions, contact [email protected] and

[email protected].

 STITCH FIX GLOSSARY

Receipts: units received in Stitch Fix warehouses

Receipt Cost: wholesale financial value of received units

Success Rate: % of items sold of items checked out

On Order: units of purchase orders, not yet received in the warehouse

Client Feedback: feedback responses given by clients when checking out a product

Checked Out Ships: times an item has been checked out by a client (sent out and then

either kept or returned), does not equate to sold

 Stitch Fix Fiscal Calendar:

** 5 wk period (53 wk

yr)

FY18 FY18 FY19 FY19 FY20 FY20

FY qtr Merch

Months Beg End Beg End Beg End

Q1 August 07/30/17 08/26/17 07/29/18 08/25/18 08/04/19 08/31/19

Q1 September 08/27/17 09/30/17 08/26/18 09/29/18 09/01/19 10/05/19

Q1 October 10/01/17 10/28/17 09/30/18 10/27/18 10/06/19 11/02/19

Q2 November 10/29/17 11/25/17 10/28/18 11/24/18 11/03/19 11/30/19

Q2 December 11/26/17 12/30/17 11/25/18 12/29/18 12/01/19 01/04/20

Q2 January 12/31/17 01/27/18 12/30/18 01/26/19 01/05/20 02/01/20

Q3 February 01/28/18 02/24/18 01/27/19 02/23/19 02/02/20 02/29/20

Q3 March 02/25/18 03/31/18 02/24/19 03/30/19 03/01/20 04/04/20

Q3 April 04/01/18 04/28/18 03/31/19 04/27/19 04/05/20 05/02/20

Q4 May 04/29/18 05/26/18 04/28/19 05/25/19 05/03/20 05/30/20

Q4 June 05/27/18 06/30/18 05/26/19 06/29/19 05/31/20 07/04/20

Q4 July 07/01/18 07/28/18 06/30/19 08/03/19 ** 07/05/20 08/01/20

FY21 FY21 FY22 FY22 FY23 FY23

FY qtr Merch

Months Beg End Beg End Beg End

Q1 August 08/02/20 08/29/20 08/01/21 08/28/21 07/31/22 08/27/22

Q1 September 08/30/20 10/03/20 08/29/21 10/02/21 08/28/22 10/01/22

Q1 October 10/04/20 10/31/20 10/03/21 10/30/21 10/02/22 10/29/22

Q2 November 11/01/20 11/28/20 10/31/21 11/27/21 10/30/22 11/26/22

Q2 December 11/29/20 01/02/21 11/28/21 01/01/22 11/27/22 12/31/22

Q2 January 01/03/21 01/30/21 01/02/22 01/29/22 01/01/23 01/28/23

Q3 February 01/31/21 02/27/21 01/30/22 02/26/22 01/29/23 02/25/23

Q3 March 02/28/21 04/03/21 02/27/22 04/02/22 02/26/23 04/01/23

Q3 April 04/04/21 05/01/21 04/03/22 04/30/22 04/02/23 04/29/23

Q4 May 05/02/21 05/29/21 05/01/22 05/28/22 04/30/23 05/27/23

Q4 June 05/30/21 07/03/21 05/29/22 07/02/22 05/28/23 07/01/23

Q4 July 07/04/21 07/31/21 07/03/22 07/30/22 07/02/23 07/29/23