What are you selling this season?
Do you really know?
The complexity and fast-paced nature of the apparel, footwear, and accessories markets hinder the vendor’s ability to execute profit maximizing sales plans. The account planning process involves vast amounts of dynamic demand and supply information and input from multiple parties across various business functions. The coordination, analysis, and sharing of this information both internally and among trading partners is critical to delivering the right styles, colors, and sizes to each store to match local demand. Furthermore, vendors are often forced to commit to production in advance of receiving orders from their retail accounts. Accordingly, it is critical to gather indications of demand as early in the process as possible. Increasing demand and supply visibility and shortening timelines are essential to improving the bottom line.
Visibility Platform to Perform
7thonline addresses these challenges with its sales planning, execution and optimization solutions, enabling sales teams to work more intelligently and efficiently by leveraging the power of “art and science“. The embedded, easy-to-use business intelligence enables merchants to create flexible, real-time reports on the fly. Through the visibility provided by the solutions, your clients can be confident that their financial and strategic business objectives are met and that they are investing in a merchandise mix that maximizes profit potential while maximizing your revenue objectives.With 7thonline Merchandise and Assortment Management:
- Build and analyze visual and quantitative cluster/door-level sales plans by season for key items, fashion, and replenishment
- Ability to import LY POS data for use in planning & reporting
- Ability to create merchandise and sales plans (top-down and bottom-up)
- Auto-populate placeholder sales plans with product information and images
- Access up-to-date product data and images (automatically updated in real-time across all plans as information changes)
- Replenishment planning by style/color by retailer, based on LY POS data, to be aggregated with fashion buys
- View and compare plans to retailers' financial and unit plans
- Collaborate on sales plans via the system at any time as business needs dictate, both internally and with trading partners
- Utilize real-time, embedded business intelligence tools with comprehensive industry specific reporting
Get the White Paper
Maximize Market Share with Micro Merchandising
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