Merchandising software helps oversee assortments
Merchandising is a crucial aspect of retail management that can end up making or breaking your business. You need to have total control over your product life cycles and your plans for stocking and replenishing. That’s why you will need more than just intuition to support this task. ChainDrive’s retail management software package includes an effective Merchandising component that is designed to support everything related to product life cycles, including allocation, replenishment, and much more.
The Advanced Allocation feature goes far beyond simple min/max features to give you total control over your products. You can allocate down to individual SKUs and you can disallow allocation in certain stores as necessary. The software uses formula-based methodologies to support your need to use complex allocation methodologies.
In addition, ChainDrive offers an Automated Replenishment tool that supports you by helping lower instances of out-of-stocks and reduce the amount of price markdowns by automatically replenishing stock based on your specific selections. Methods include min, max, min/max, and one-to-one replenishment strategies.
Another great feature of ChainDrive Merchandising software is the “Intelligent” Size Analysis tool. This helps you determine the appropriate ratio of different sizes for items that vary in size to stock on your store floors. Make the most sales possible by having a balance between sizes with emphasis on the most commonly purchased sizes. It’s intuitive and nuanced; this type of planning can really make a difference in your business.
Get ChainDrive Merchandising software and manage your stock from the beginning to the end!