Size Analysis and Advanced Allocation with Retail Merchandising software
If you’re dealing with a product that comes in different types or sizes, then you might find that a stock-out in a certain size or variety can skew the results of your sales in a serious way. Clothes, shoes, or other shape-sensitive products must be tailored to fit the needs of the customer, and if they aren’t available in the right size, you might be losing sales. That’s why Retail Merchandising software offers two important components to protect your sales and your data reporting: “intelligent” size analysis and advanced allocation tools.
“Intelligent” size analysis utilizes built-in “conditional” queries that help produce more accurate visual analyses of your sales that take into account the possibility of a size stock-out and other size-related concerns. The size analysis module monitors the sales of your products by size over time and selects instances of stock-by-size, then gathers this information and produces a clear, thorough, and accurate analysis of size performance that will help you understand which sizes are most popular and where.
Advanced allocation is integral to the success of every retail location you manage. The control over allocation of products is fundamental to the success of your sales. Having the right products in the right amount at the right places will reap you the maximum benefits of your market. ChainDrive’s advanced allocation goes far beyond the simple min-max options you might find in other software. It uses formula-based methods to help you see what the best options are, and you can disallow or temporarily disable restocking down to the store or department level in order to fully control the allocation of all of your products.
Keeping your stores stocked with the right products is one of the most important aspects of running a successful retail location. See what our retail management software package can do for you in that area now!