The Keys to Proper Retail Chain Planning
Retail planning begins with the right information. It doesn’t end there. Of course, your merchandise buying decisions depend on accurate information collected from the right sources. That’s why ChainDrive created a software module just for the open-to-buy process.
So, what does our planning module do, exactly? Or, more accurately, what does it allow YOU to do? Glad you asked.
Segment Your Data
We understand that your store managers need different sets of data than your regional managers, ordering specialists, and operations manager. That’s why we’ve built an open-to-buy module that allows you to segment your data views according to the function of the end user as well as the needs of your company culture. It isn’t necessary just to have the right information, but you’ve got to also be able to view it in the right way in order to analyze it properly.
Change Only What Needs to Change
You should be able to lock in data so that nothing else you do with your planning tool affects those values. With ChainDrive, you can validate and lock in your values so that only what needs to change can change without impacting everything else.
Every retail industry operates seasonally, but they aren’t all on the same seasonal schedule. Sports equipment retailers can plan their inventories around summer sports, winter sports, or both. Apparel retailers can plan their buying around the fashion trends of each season of the year. Jewelry retailers know when their peak seasons are and can plan accordingly. No matter what retail niche you serve, with ChainDrive, you can plan for each season of the year around the buying habits of your customers. Not only is that true for niche retailers, but it’s true for individual retailers within each niche.
Graphing Your History
You need to look at historical buying and selling trends. With the Planning (Open-to-Buy) retail management module, you can do that easily. You can also graph your data easily and manipulate it so that you can get a bird’s eye view of the data you need to see to make better decisions.
When you want a versatile planning tool that will meet your needs no matter what retail sector you serve, try ChainDrive.