The Right Product. In the Right Place. At the Right Time.
In the Right Quantity.
Today, it is critical to build merchandise and optimized assortment plans – styles, colors, sizes and quantities by store to meet local demand and satisfy business objectives. You need a forecast driven solution to intelligently build localized assortments based on product/location attributes, historical performance, demand drivers, and promotional/markdown strategies. 7thonline’s Cross Channel Merchandise and Assortment Management is the leading solution for retail and fast growing brands.
Properly executed, enterprise-level planning and budgeting invariably involves a blended approach of top-down and bottom-up planning. You need to align plans across channels, integrate key performance indicators with Demand Forecasting and reconcile plans with corporate objectives. Assortment Planning ensures you achieve the right mix of products for your customers in every channel and category.
Together with store clustering and localization, Assortment Planning can differentiate assortments based on customer preferences at clusters of locations with similar characteristics. 7thonline allows you to track-in season performance, forecast sales, inventory, and receipts by week, by location, and recommend appropriate markdowns and reorders. We also help ensure that your strategic and financial objectives are met and that you are investing in a merchandise mix that maximizes profit potential.
With 7thonline you have:
- A merchandise plan that is integrated to your assortment plan
- Multi-dimensional planning levels/attributes (product and location) by department and store type
- Multiple plans (budget, budget re-forecast, merchandise plan, projections) in one location for analysis and reporting
- Advanced Clustering: distribute merchandise beyond volume cluster definitions (location attributes)
- Weekly Open to Buy (OTB) down to door level
- Embedded Business Intelligence (BI) that delivers comprehensive aggregated sales/inventory/profit reports with flexible rollups from any planning level available Monday morning
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Maximize Market Share with Micro Merchandising
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