Product |
Knowing my products and what the market |
Merchandise Planning
Merchandise Planning
Predict | Plan | Monitor | Amaze
Over the last couple of years, retailers have maximized their efforts to transform their processes towards customer-centricity and coherent cross-channel offerings. Growing uncertainty of retail operations caused pandemic, changing local legislations coupled with shifts in consumer behaviors, forced companies to amalgamate even more factors into their purchasing plans.
Today, facing increasing pressure from the usual competition and IT-fueled innovators, retailers must find the right balance between shortened product lifecycle, broader assortment mix, space-limitation awareness yet still meet their financial targets.
magenes is an advanced assortment planning solution that incorporates best practices and tools suitable for retailers operating both locally
and globally in multiple channels. Our solution helps companies to monitor revenue and margin targets defined as part of the financial plan, integrate with allocation and replenishment plans and deliver the right assortment mix.
Merchandise Planning
Predict | Plan | Monitor | Amaze
Over the last couple of years, retailers have maximized their efforts to transform their processes towards customer-centricity and coherent cross-channel offerings. Growing uncertainty of retail operations caused pandemic, changing local legislations coupled with shifts in consumer behaviors, forced companies to amalgamate even more factors into their purchasing plans.
Today, facing increasing pressure from the usual competition and IT-fueled innovators, retailers must find the right balance between shortened product lifecycle, broader assortment mix, space-limitation awareness yet still meet their financial targets.
magenes is an advanced assortment planning solution that incorporates best practices and tools suitable for retailers operating both locally and globally in multiple channels. Our solution helps companies to monitor revenue and margin targets defined as part of the financial plan, integrate with allocation and replenishment plans and deliver the right assortment mix.
So, what do i really need?
Market |
Understanding what sells, why, and what are the triggers for change |
Merchandise |
Planning, what should go where, when, in what quantities, and depth |
Analytics |
Understanding financial impact on the business |
Commercials |
Selecting appropriate suppliers, negotating terms and delivery conditions |
Collaborate |
Being able to engage multiple stakeholders into the mix, give them data, tools and workflows |
Key features
Buying budget
Get a good view on the level of your available budget, check current utilization and get tools to simulate your expenditures
Plan quantities
Optimize your order quantities thanks to recommendation engine available at your disposal
Assortment mix
Deliver appropriate assortment width and depth thanks to holistic view on targets, contributing factors and recommendations
Assortment mix
Deliver appropriate assortment width and depth thanks to holistic view on targets, contributing factors and recommendations
Channels and locations
Effectively plan and control eligibility of your products all the way from planning to execution
Channels and locations
Effectively plan and control eligibility of your products all the way from planning to execution
Profitability assessment
Utilize range of tools that help simulating delivery of your margin targets across single or multiple assortment groups or buying attributes, control changes in predicted rate of sale
Store grades
Incorporate your store grading into assortment planning process
Budget Definition
- Define your available budget for brands, product groups, price categories
- Reflect your organization’s structure and specific needs
- Define the split between pre-season and Open-to-buy
- Provide holistic view on future spendings
Assortment Strategy
- Define contribution of your brands or product types in your assortment
- Decide on key buying attributes and the role they should play in your offerings
- Agree on number of style, colors, variants within brands, product categories, etc.
- Reflect price points and pricing strategies into your assortment mix
- Incorporate market trends into your planning (growth, decline, new assortment groups)
Monitor execution
- Control your spendings against available budget
- Monitor adherence to pricing strategies (i.e. price points and price category split)
- Check your current range against agreed assortment strategy
- Validate assortment mix width and depth against targets
- Proactively identify problematic areas and work on exceptions