Process of Merchandise Planning: Success of any retail organisation depends on presenting the merchandise that is needed by the customer. Learn more; Merchandising Intelligence . Why: Retailers increase sales, productivity (turnover), and margin while also improving customer satisfaction. eBooks & more. The purpose of merchandise planning is to fulfill consumers demand by making available right merchandise at the right place, time at right prices, and in the right quantities. Images support the setting of assortment strategies and enhance assortment planning. Maximize Sales with the Right Merchandise Assortment. However, it is not dependent from other category management decisions. We'll email you at these times to remind you to study. Merchandise & Assortment. Martec’s merchandise and assortment planning e-learning course is designed for everyone involved in merchandise and assortment / range planning, including merchandisers and planners and their teams. Retail Assortment Planning closes the gap between financial planning, and store planning and accurately identify the optimal merchandise mix. Customer Centric Assortment Tuning strategies Reshma suhas October 6, 2016 Assortment optimization, Customer Centric Merchandising, Customer Centric Retailing, fashion merchandising management, in-store retail analytics, Merchandise Analytics, Merchandise Assortment, merchandise planning, predictive analytics in retail, pricing analysis retail, Real-time business intelligence, retail … Merchandise planning is a data-driven approach to selecting, buying, presenting and selling merchandise to maximise your return on investment and satisfy consumer demand. Textbook Price: Rs. HTML Armed with the basic SAP MAP knowledge competency level 1, you can start implementing this knowledge in a customer project when shadowed or coached by an experrienced SAP MAP consultant. The basic components of retail merchandise planning include: Product . Merchandise Assortment Options. Our end-to-end Merchandise Lifecycle Management solution empowers you to plan, design, assort and deliver your collections for maximum profit. are specified. 5 Star . If you continue browsing the site, you agree to the use of cookies on this website. It involves establishing a trade-off among the variety offered, assortment provided and the availability of the products. The purpose of merchandise planning is to fulfill consumers demand by making available right merchandise at the right place, time at right prices, and in the right quantities. Process Trade-offs b/w Variety, Assortment & Product Availability The Merchandise Assortment and Planning Integration ES bundle enables fashion retailers to transfer the results of assortment planning completed in SAP MAP on style/color/size level to the OAPC in SAP ERP, where article data, allocations, and purchase orders are created. 1 Star . Learn more; Pricing and Promotions. For eg:- Mens jeans & Girls jeans are two categories This app allows planners to generate a merchandise financial plan and incorporate that plan into a store sales plan and product assortment plan. Many issues must be considered for a store to make a proper determination. 6. Customers share their insight and experience on how daVinci products and services helped solve their challenges. Define an assortment planning strategy . Optimized Order Fulfillment Now that Black Friday and Cyber Week are behind us… how did your online order fulfilment go? Category management, Sales Forecasting Explore. The shipped example scenarios allow you to be flexible with your choice of planning periodicities. 900; Assortment planning defined: Assortment planning in retail is when a store optimizes visual merchandising, store layout, and product placement for the most conversions. This enables you to plan on a value and quantity basis on any level you choose, within a planning hierarchy, for example, purchasing organization, store group, or merchandise category level. EMAIL PAGE. A full suite of merchandise and assortment planning solutions to be deployed standalone or mixed in to any other planning workflow. Why: Retailers increase sales, productivity (turnover), and margin while also improving customer satisfaction. //-->. Demand planning . Perfectly align your offerings with your customers, markets, channels and locations by matching product attributes to customer segments, and creating localized collections based on customer tastes, financial requirements and space capacities. SAP Merchandise and Assortment Planning offers a wide range of bene-fits, including the functions needed to “seed” new plans with values from a forecast or from last year, last season, or last month. Define an assortment planning strategy . When the buyer’s hunch results in too much product or not enough, retail sales suffer, resulting in financial difficulty for next season’s buy. Aptos Assortment Planning, a consistent leader on Gartner’s Magic Quadrant for Retail Assortment Management Applications, empowers your planners to optimize your entire assortments, from stores and clusters to customers and segments, throughout the entire item lifecycle. With Aptos, every plan – at every level – serves the business throughout the entire merchandise lifecycle as Aptos Merchandise Financial Planning feeds Aptos Assortment Planning, and both of these are integrated with Aptos Forecasting, Allocation, Replenishment, PLM and Supply Chain Management capabilities. google_ad_client = "ca-pub-3862952639378901"; A retailer adopting shotgun merchandising caters to a variety of market segments by expanding its product lines either by including a product item or product lines. Aptos Merchandise Financial Planning helps you manage the complete range of critical financial planning functions, from strategic planning and budgeting all the way to in-season plan adjustments. The Planning Factory offer a full service in all areas of merchandise, range and assortment planning You may need: An audit to measure the effectiveness of your current merchandise planning process; Assistance with implementation of 3rd party merchandise planning solutions; However, it is not dependent from other category management decisions. Create retail plans that maximize sales with this suite of merchandising solutions. Define the depth and width of the assortment cluster by cluster, assigning OTB budget to every category based on Merchandise Financial Planning targets. This enables you to plan on a value-basis and on a quantity-basis. Get App. 6. Use. 3 Star . Aptos Merchandise Financial Planning and Assortment Planning modules work together to create a powerful combination of planning tools designed to help you optimize every aspect of the planning process. Assortment plans must determine the ideal product ranges and price lines for each unique location, channel and customer segment. Service & Support. Streamline your process from planning to production . Assortment Planning . Assortment planning is based on qualitative and quantitative data that together contribute to … How: By identifying store level opportunities as well as how much (breadth of assortment) and in what quantities (depth of assortment) should be carried in a merchandise category. Customer Experience. Assortment planning is about making the right product picks and ordering the right quantities to match market demand. Request Demo. In the apparel and fashion sector, these challenges are also more complicated, because of limited time windows. The gross margin percentage in combination with the inventory turnover evolves into a useful tool for managing merchandise. Merchandise planning refers to an approach based on data to select, buy, present, and sell merchandise to consumers so that the maximum rate of investment can be achieved and consumers demand can also be satisfied.. Include the understanding of the customer purchase decisions through product hierarchy in the assortment planning process. Achieve corporate goals by creating profitable merchandise, channel, and assortment plans. SAP MAP … Purchase Order Table: Cost Center Table: … Merchandise Assortment Planning : Chapter 8 . Though rapid inventory turnover is necessary for the financial success of a retailer, any attempt of the retailer to push the level of inventory turnover to the maximum will lead to frequent stock-outs and increased costs. Evaluation & Contracting. If you continue browsing the site, you agree to the use of cookies on this website. A full suite of merchandise and assortment planning solutions to be deployed standalone or mixed in to any other planning workflow. Thus, an assortment plan tends to be the amalgamation of the GMROI plan, the inventory turnover plan, sales forecasting, and assortment planning. Retailers should avoid the extremes in inventory turnover rates - extremely rapid and extremely slow turnover rates. Optimize omnichannel pricing and promotions throughout the product lifecycle across every channel. Assortment plans should always take into account the greater business strategy and … 4.0. Study Reminders . IT departments and vendors supplying and selling merchandise and assortment planning systems will also benefit from a better understanding of the key processes and best practices. Assortment planning is a relatively new but quickly growing –eld of academic study. Assortment planning is a relatively new but quickly growing –eld of academic study. 50% considered Blue Yonder. This is the final part of a part article on the impact of the Covid pandemic on merchandise and assortment planning. Textbook:Pages : 487; Explore. Assortment Planning in Retail. Marketing Communication, Merchandise and Assortment Planning. Latest industry trends, buying, merchandise assortment and financial planning insights from our team of retail veterans. Merchandise Assortment Planning Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. It takes into account different levels of expertise and shows you the recommended order of study. Available only in INDIA, Click below to view Identify the optimal merchandise mix a smoothly integrated process and Replenishment process, Case studies in retail one Pool.! Planning architecture will be bought to make decisions about retail space depending on season, available vendors shelf... Should be planners to generate a merchandise assortment and financial planning, you! 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