Retail Merchandising Software For Better Decision-Making
A retail manager must make a number of important decisions each day as he or she decides how to run the business. Whether you’re operating in a retail chain or a single, specialized retail location, you must make choices about pricing, allocation, organization, and more. It can be tough to decide what course of action to take in hopes of a successful outcome, but with the right software system at your disposal, you can gain insight into your business that will allow you to make the right decisions day in and day out. ChainDrive’s retail management software package includes a Retail Merchandising component designed to handle everything related to purchasing, simulations, allocations, replenishment, and more in order to give you the most accurate and useful information about how your decisions will affect sales.
By using tools that analyze the performance of your products in a number of intricate ways, you will be able to assess which of your goods are most popular and which could use some tweaks in pricing or availability to improve sales. Making these assessments on a regular basis will help you match the ebb and flow of customer interests and buying patterns, maximizing your turnover at every point in time. The software even includes an “intelligent” Size Analysis tool that helps you come up with the optimal ratio of products with distinct sizes. This means you’ll have the right products stocked in the right sizes in the right amounts. It’s an extremely effective tool for retail locations that deal in apparel and footwear, but it can be used virtually anywhere!
Retail Merchandising software also includes innovative price management tools that allow you to analyze and implement tactics for getting the most out of your valuable products and merchandise. Pick it up for your retail business and see what you’ve been missing out on!