Stance's Transformation with Domo
Region
- America
Country
- United States
Product
- Domo
Tech Stack
- Data Visualization
- Real-time Reporting
- Inventory Management System
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Brand Awareness
- Productivity Improvements
Technology Category
- Application Infrastructure & Middleware - Data Visualization
- Functional Applications - Inventory Management Systems
Applicable Industries
- Retail
Applicable Functions
- Sales & Marketing
- Warehouse & Inventory Management
Use Cases
- Inventory Management
- Supply Chain Visibility
Services
- Data Science Services
About The Customer
Stance is a company based in San Clemente, California, operating in the retail industry. The company is dedicated to the spirit of individuality, with a design philosophy that believes in expression and function. Stance prioritizes building outstanding socks with the best fit and performance characteristics from the highest quality materials. As a leader in a booming retail segment, Stance was setting plenty of trends when it came to making socks. However, it was having a difficult time spotting key trends in its business.
The Challenge
Stance, a leader in the retail segment, was facing challenges in spotting key trends in its business. The company was unable to combine disparate data sources into one centralized location, which hindered its ability to track real-time, comprehensive inventory levels. Furthermore, Stance lacked the capability to easily compare performance across all dimensions of the business. This lack of visibility and understanding of how every arm of the business was affecting each other was a significant obstacle.
The Solution
Stance implemented Domo, a data visualization and real-time reporting tool, to address its challenges. With Domo, Stance was able to see all its critical data in one place and understand how every arm of the business was affecting each other. This eliminated the need for guesswork and ensured that all leaders were speaking the same language. Domo also provided Stance with a comprehensive inventory system. As a retailer often reliant on performance-based lines of credit, Stance could now track performance by product category, type, style, and other parameters to procure the right inventory at the best rates. Furthermore, Domo's real-time reports allowed the CEO to focus on the things that matter and ignore all the things that are happening just like they are supposed to.
Operational Impact
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