7thonline Retail Insights Professional Services
Expertise in an Instant.
Executing profit-maximizing retail assortments is a complex process involving various business functions and technology solutions. The IT initiatives in support of this process are often significant and time-consuming investments. However, delaying these projects means unnecessary lost profits in the form of missed sales, markdowns, and excess inventory. 7thonline Retail Insight Services are targeted consulting engagements led by 7thonline's team of industry experts that enable you to take a lower cost, lower risk approach to solving various assortment planning problems. You can leverage 7thonline's proven methodologies and retail planning business process expertise to drive rapid ROI without the large capital commitment.
- Identify lost sales
- Identify unproductive inventory
- Identify local demand profiles
- Recommendations for profitability improvement
- View POS data at any planning level and time period desired by the user
- Correct inconsistencies with POS data; account for lost sales and unproductive sales
- Analyze POS data to group stores with similar selling tendencies
- Determine optimal SKU count at any level and time period
- Recommend quantity and distribution for each recommended SKU
- Determine optimal size ratio by location
- Recommend optimal design of pre-packs
- Recommend Key Item sales, receipts and inventory by week
- Monitor actual weekly performance to Key Item plan
- Adjust and track Key Item promotional performance
- View Sales, Receipts, Inventory, Markdowns, On Order and other metrics at any planning level, location and time period
- Forecasting capability estimates future trends in Sales
- Allocate Corporate Financial Product Plan to match Location Plan and display at any planning level and time period
Merchandise Assortment Assessment
POS Cleansing and Reporting
Profiling Store Demand Patterns
Recommended Assortment Breadth and Depth
Recommended Size Distribution
Key Item Planning and Tracking
Automated Open To Buy and Forecasting
Financial Plan by Location by Hierarchy
