Manage Sales Cycles Better
The key to winning the retail game is to buy the right products at the right prices and to sell them to the right customers at the right prices. If you buy too high or too many products for your inventory, then you stand a chance of losing money in the long run. If you sell too low or don’t attract the right customers for the inventory you have on hand, then you could lose money.
It’s bad enough to lose money on your investment, but it’s even worse to lose money and get stuck with product that you can’t sell.
This is why it is important to manage your buying and selling cycles efficiently. That’s what ChainDrive’s Merchandising component is for. It was created with the savvy retailer in mind to help you get the most out of your inventory investment.
One of the more robust features of the component is its size analysis tool. Looking at the life cycle of your products, you can determine stock-by-size based on history and good actionable data.
Advanced allocation features also make your replenishment model more effective and efficient. You don’t just count minimums and maximums on your product levels. You can actually drill down to the store level by SKU and allocate the right products in the right amounts to the right stores.
Another feature we know you’ll love is the ability to manage your vendors. You can generate detailed reports based on size, color, and style for each vendor that serves you.
Now is the time to take control of your merchandising practices. Make your business more efficient and more profitable with ChainDrive.