We created a market intelligence portal for Yokohama employees to compare their sales and pricing against competitors in real time in order to devise sales, pricing and marketing campaigns that beat the market.
Configurable Solutions That Drive Your Business Forward
Explore our capabilities below, learn how they are configured to your needs, and put yourself in the driver’s seat with Torqata’s powerful tools that you control with our support.
Get Real-Time Actionable Insights
Can you benchmark your sales against competitors, or is it a blind spot? What about tracking downstream results of price changes and promotions?
With Torqata, we’ll benchmark your sales for you, including pricing, and inventory trends against competitors. Unlike other companies, we’ll create daily, actionable insights that set your business up for long term success.
Stock The Tires That Are Most Likely To Sell
Balancing inventory with fluctuating demands isn’t easy.
Torqata will automate your stocking strategy so you can serve more customers, reduce days-on-hand and deadstock, and complete more sales on the spot with in-stock inventory. We use real-time data from historic sales, plus local and national trends, to reduce your capital locked up in inventory and ultimately improve your gross margin return on inventory (GMROI).
“After starting to stock new sizes based on Torqata’s recommendation, I increased my same-day sales by 15%, 3 of them are now in my top 5 best-sellers.”
- Terry John
Pricing & Program Profitability
Compare, Plan, Measure and Track
The prices you set and the promotions you deploy or participate in directly impact your sales, market share and profitability.
Torqata will benchmark pricing and sell-out from thousands of local, regional, and national retailers and compare them to your company. We’ll then provide tools to help you optimize for profitability and ROI on your pricing, programs and promotions.
Drive Store Traffic And Increase Sales
Old school marketing follows a quantity over quality approach – targeting as many potential customers and hoping for a few hits.
Torqata’s lead generation services will enable you to create campaigns that micro-target nearby, in-market shoppers, leading to a measurable increase in effectiveness and ROI. For manufacturers and distributors, Torqata’s lead generation services have helped affiliated retailers achieve marketing program compliance through more effective deployment of co-op funds.
Proactively Serve Consumers
Wondering if and when a customer might leave you is one of those age-old questions
Torqata’s predictive models and insights will identify which of your customers are on the verge of leaving. But just as important, our models also identify which specific leads to pursue so you can maximize your value-to-time ratio.
Torqata implemented a two-step machine learning model to predict customer churn and upselling, leading to millions in revenue generated. We identified customers with a high churn risk with 85% accuracy more than three months in advance.
Match Supply To Demand
Forecasting tire sales is already really hard. It’s even more difficult with SKU proliferation, seasonality, and changing consumer needs.
Torqata combines public and proprietary datasets using real-time sell-out and inventory data. We pull this data from Point-of-Sale and Dealer Management systems of thousands of tire retailers and dealers.
No matter where you sit in the supply chain, we’ll augment existing statistical forecasts or build brand-new forecasts so you accurately produce or order the right tires every time.
We partnered with ATD to improve their purchase order forecast for key manufacturers. Higher accuracy of shared purchase forecasts meant less slack in the supply chain for them, which led to cost savings for everyone.
Make Ordering Easy
It’s not easy knowing which retailer or distributor has the tire you need.
Torqata provides real-time visibility into the inventory of all our retail partners and distributors. Look up any tire based on Year, Make, Model, VIN, or directly search for what you need. For participating retailers, it means more store traffic from 3rd parties that need just-in-time servicing. For end-consumers, it means faster service and higher satisfaction.
Tire retailers and car dealerships spend countless hours placing orders into distributor and manufacturer portals. How can we free them up to focus on other important decisions?
With Torqata’s auto-replenishment service, tire retailers have the option of using your inventory positions to stock up to a minimum or maximum level from multiple supplier partners. We even determine your optimal stocking levels and use sellout data to replenish tires 1:1 so you always have high demand product, leading to an increase in fill-rates.
Roadside Lead Generation
Inventory Visibility and Alerting
Torqata partners with roadside assistance companies to help people with tire related emergencies. Your inventory and assortment is shared when your store is within a 50 mile radius of the geo-location or place of residence of the person in need.
When your store is selected, Torqata will send an alert to your store notifying you that you have a customer with a disables vehicle being towed to your store.
“Our partnership with Torqata allows us to reduce customer anxiety and streamline the repair process, creating a better overall customer experience.”
Compare Brands, Style, Size, and Quantity on Hand
Torqata partners with retailers, distributors and manufacturers to create inventory visibility and access.
Whether you are looking to connect to a wholesaler’s stock or want to provide real time availability to your electric vehicles, or simply see what is available in your geo-location, Torqata can provide direct connection to inventory on hand.
As a data provider, we don’t offer tools for you specifically, but you are a critical contributor to our mission to make a more efficient and collaborative supply chain.
Working with Torqata will enable you to stand out from other providers that don’t take part of the modernization of our industry and gain more stickiness with your customers.