Retail Pro Planning

Retail Pro Planning is a sophisticated, yet easy to use decision support tool encompassing Merchandise Planning, Store Planning and Assortment Planning. Retail Pro Planning has an impressive and proven track record for ROI such as: improved sales, improved stock turn, increased mark-ups, lower average inventory and increases in gross margins.

The three-tiered architecture embodies best practices in retail planning methodology combined with state of the art technology. Decades of domain knowledge and methodology have driven this to become the most comprehensive of Planning Solutions.

Your Pre-Season plans are clearly tracked and efficiently monitored with unique In-Season re-forecasting analysis tools. Retail Pro Planning can be easily tailored and modeled to best suit your needs, but a best-practice Process Flow is conveniently included with the system.

 

Merchandise Planning

  • Sales targets based on last year plus a growth based on value or percentage

  • Sales targets in Units using an average Retail Selling Price

  • Choice of different tiered-plans for the various levels of merchandise hierarchy

  • Planned Markdowns and Promotions

  • Planned Shrinkage

  • Sales and Receipts phased by planning period

  • Plan End of Month inventory levels and Weeks of Supply and Stock to Sales ratio

  • Plan Receipts and Open to Buy

  • Plan Key Performance Indicators: Initial Markup, Gross Margin, Turn, Gross Margin Return On Inventory, Freshness of Inventory Ratios, Sell through ratio

  • Weekly Stock Sales and Intake Plans

  • Reconciliation with Store Plan

Store Planning

  • Store Grading and Profiling via measures and/or attributes

  • Plans for Comp and Non-Comp Growth

  • Plan key metrics per Store or Groups of Stores, Sales in Currency, Sales in Units, BOM Inventory, EOM Inventory, WOS, Margin percentage, Turn, GMROI

  • Space Planning using Sales Density

  • Performance and tracking

  • Reconciliation with Merchandise Plan

Assortment Planning

Assortment Planning is divided into a Quantitative Plan and a Qualitative Plan

The Quantitative Plan results in a Buyer's Budget (including Margins to achieve), often called the "Open To Buy" (OTB), a suggested number of options (style-colors/ways/lines) and the suggested number of units. This allows you to set the constraints on the buy and ensure that all the strategic thinking and high level merchandise planning, including turnover and profit targets, are carried throughout the planning process.

The Qualitative Plan is also called "Range Building" where buyers exercise their skills in selecting the make up of the options. Many attributes can be decided upon including Style, Color, Fabric and Vendor as well as Price (Cost and Selling/Retail) and number of units.

  • Historical Analysis to assist in defining Continued and Discontinued styles

  • Ability to create placeholder styles

  • Plan the number of Units per Grade/Store based on space constraints

  • Plan the number of Styles based on Last Year

  • Reconcile the Open to Buy Budget Value from the Merchandise and Store Plans with planned Buy Units

  • Classify styles by attribute e.g. color, patterns, fabric, fashion vs basic etc

  • Assort by price point and Gross Margin contribution

 

Available in two versions to fit your needs

Two different versions of Retail Pro Planning means you get what’s best for you. Small Business is the perfect planning solution for entry level and basic planning needs. Enterprise Edition offers more powerful and robust feature functionality for more complex planning needs. You decide.