Optimize Merchandising With ChainDrive
The assortment of products a retailer offers is critical because it determines the success or failure of the business. This vital component of a retail enterprise needs sophisticated analytics that can take real-time consumer purchase data into account, along with a host of other factors. ChainDrive retail merchandising software was designed to handle the job with ease.
Methodologies That Give Insight
In order to make the best assortment decisions, retail managers need to have insight into the effectiveness of past merchandising action and customer preferences. ChainDrive has leading-edge methodologies that allow accurate simulation for predicting various options and their outcome. ChainDrive’s purchasing, allocation, and replenishment methodologies equip retailers with the best tools for appropriate action once decisions are made.
User-defined attributes enable individual departments or stores to replenish their stock with the products their customers want, even when those customers vary by location or season. The ability to have multiple size runs for different regions means each allocation is optimized for the location. Performance monitoring can be grouped by style, brand, collections, or seasons so that analysis is appropriate in every instance.
The ChainDrive database is centralized, allowing integration of all information in real time. This means, for example, that a supply problem with one vendor can be compensated for immediately by increasing an order with another vendor supplying the same item. Multiple vendors per product are maintained with ease and automatic allocation and replenishment can be flexible.
Everything Merchandising Needs To Be Effective
The ChainDrive Retail Merchandising component is part of the Integrated Retail Management Solution that has been designed by experienced retailers to meet the needs of today’s retail business. Assortment and purchase planning tools, performance monitoring tools, advanced analytics and reporting tools, multiple replenishment methods, and seamless allocation tools are all part of the professional software platform.
ChainDrive enables every aspect of retail to be managed effectively and optimally, including the all-important category of merchandising. Reduce holding and operational costs, gain control over premature markdowns, and manage inventory flow so that every channel of the enterprise offers the optimal assortment of merchandise consumers are looking for. The best merchandise selections and prices will bring in new shoppers and retain loyal customers.