eCommerce and Multi Channel Merchandise & Assortment Management
Achieving True Consumer Centric Retailing
Fueled by the Internet, eCommerce and multi channel retailing has grown rapidly in recent years. In the new consumer-centric world of integrated, multi channel retailing, consumers should be able to order and take delivery of a product through the channel of their choice - place an order online, from a catalogue, a brick and mortar store or a mobile device.
eCommerce, cross channel and consumer centric retailing has added new complexities to managing and integrating an operational patchwork of information systems, organizations, people and discreet business processes. For a multi-channel, consumer centric strategy to succeed, retailers must remove the barriers across channels and business units and implement new strategies that encourage collaboration, visibility, cooperation and calculated coordination.
The good news is that enterprise technology from 7thonline makes this vision a reality - allowing a retailer to automate merchandise planning and present a 360° “one version of the truth” view across all channels and stores. You need a better alternative to dozens or even hundreds of cumbersome spreadsheets.
7thonline enables:
- A multi channel merchandise plan that is integrated to your multi channel assortment plan
- Multi-language and currency
- Dynamic algorithms to predict future growth patterns by product attribute
- Optimized product placement with your website and catalog
- Flexible data views using eCommerce specific planning metrics
- Aggregated cross-channel reporting capabilities
- A true understanding of demand and lost sales with embedded business analytics
And we go much further, supporting the top down/bottom up strategic planning that is critical to driving the merchandising function. With real-time visibility into each channel's performance, retailers can understand buying behavior and make appropriate changes to the product range. This is best practice in ensuring higher quality planning and allocation.
- Increase Revenue
- Improve Margins
- Reduce Markdowns
- Increase Sell Through
- Improve Inventory Turns
- Collaborate Across Retail, eCommerce, & Wholesale
Get the White Paper
Maximize Market Share with Micro Merchandising
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