Merchandising software from ChainDrive helps you organize
Merchandising is an integral aspect of managing a retail business. Controlling the life cycles of your products and making the necessary changes to allocation and replenishment methodologies will allow you to maximize sales of popular items and optimize the potential of every item in your inventory. ChainDrive’s retail management solution is a software package built with a variety of components each designed to handle specific areas of the business. The Merchandising component includes all of the tools you need to analyze, organize, and take action on important data related to the management of your inventory.
The Advanced Allocation tool includes a number of specific and flexible features that allow you to take targeted approaches to allocating your inventory. It uses formula-based methodologies to go far beyond basic min-and-max functionality. You can even disallow replenishment on certain items and at certain locations. Use this tool to come up with the best ways of allocating products in each of your retail locations.
Merchandising software also includes a unique Size Analysis feature that is specifically built for products that come in multiple sizes. It is important for retailers like apparel stores and footwear outlets to consider how they should stock products of varying sizes. Size Analysis helps you come up with the optimal ratio to put on the store floors and also helps you come up with appropriate replenishment methodologies. This maximizes customer satisfaction and sales per day.
These are just a few examples of how Merchandising software can improve your business. The right choices regarding allocation and replenishment can make all of the difference. Make the most out of your inventory with ChainDrive retail management software!