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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.
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Merchandise Planning
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Sales targets based on last year plus a growth based on
value or percentage
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Sales targets in Units using an average Retail Selling Price
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Choice of different tiered-plans for the various levels of
merchandise hierarchy
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Planned Markdowns and Promotions
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Planned Shrinkage
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Sales and Receipts phased by planning period
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Plan End of Month inventory levels and Weeks of Supply and
Stock to Sales ratio
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Plan Receipts and Open to Buy
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Plan Key Performance Indicators: Initial Markup, Gross
Margin, Turn, Gross Margin Return On Inventory, Freshness of
Inventory Ratios, Sell through ratio
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Weekly Stock Sales and Intake Plans
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Reconciliation with Store Plan
Store Planning
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Store Grading and Profiling via measures and/or attributes
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Plans for Comp and Non-Comp Growth
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Plan key metrics per Store or Groups of Stores, Sales in
Currency, Sales in Units, BOM Inventory, EOM Inventory, WOS,
Margin percentage, Turn, GMROI
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Space Planning using Sales Density
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Performance and tracking
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Reconciliation with Merchandise Plan
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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.
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Historical Analysis to assist in defining Continued and
Discontinued styles
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Ability to create placeholder styles
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Plan the number of Units per Grade/Store based on space
constraints
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Plan the number of Styles based on Last Year
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Reconcile the Open to Buy Budget Value from the Merchandise
and Store Plans with planned Buy Units
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Classify styles by attribute e.g. color, patterns, fabric,
fashion vs basic etc
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Assort by price point and Gross Margin contribution
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