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Protecting Your Retail Turf by Optimizing Your Assortments

JustEnough recently sponsored an industry survey and research report with EKN on the state of assortment management and optimization. It found that in the last few months, fundamentals of the retail industry are trending on the softer side. Some retailers are facing headwinds in terms of tepid customer traffic in stores, unpredictable top line revenue and emergence of off-price sales channels in traditionally less price sensitive segments. In the face of such macro problems, EKN found that a strong focus is needed on one of the core customer-centric retail building blocks - Assortment Management & Optimization.

However, standing in the way of perfect assortments are two business challenges that retailers are currently grappling with. First, more than 1 in 3 retailers lack predictive tools to forecast customer demand and second, about the same percentage are unable to plan assortments around multiple product attributes such as size, color, styles and others.

The resulting report highlights strategies and solutions that aid better assortment-mix decisions in retail pre-season, in-season and end-of-season. Strategies and solutions that are discussed in this report can ultimately lead to more profitable retail execution, including:

  • Precision assortments
  • Increased full-priced sell-through of merchandise
  • Improved gross profitability
  • Reduced dollar markdowns

You are invited to download this free report and view the free infographic to learn more about the current state of assortment management and optimization, what the most pressing challenges are and what retailers are doing about it now and plan to do in the near future.

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JustEnough Releases Innovative New Assortment Planning Capabilities

We continually work with leading retailers and industry experts to innovate our solutions so users have the latest technology and processes to keep them at the forefront of the retail industry trends. And we just did it again with the release of the latest version of JustEnough Assortment Planning. We are excited that it addresses the pressing assortment management challenges that the EKN survey found retailers are facing and we look forward to helping you protect your retail turf with optimal assortments.

Some of the exciting new capabilities of JustEnough Assortment planning include:

  • Seamless integration to Merchandise Financial Planning for target setting and open-to-buy budget reconciliation and Allocation for executing inventory placement in line with assortment plans.
  • Rationalization of the assortment width and depth within each cluster across product groupings.
  • Automatic smart start creation of a plan for each item in the assortment including sales, buy, promotional and markdown plans using dynamic clustering and unlimited attributes with plans automatically adjusted for in-season trends.
  • Time-phased receipt flow with built-in size curve and prepack optimization.
  • Assortment visualization with the capability to drag and drop images into the assortment and to create and plan placeholders on the fly.

Contact Us if you want to learn more about the latest version of JustEnough Assortment Planning and how it can help you to create the perfect omni-channel assortments.

JUSTENOUGH SOLUTION EXPANSION

Learn about innovative new capabilities in the JustEnough software suite.

CUSTOMER SUCCESS

Read about the benefits customers are realizing using JustEnough solutions.

RESEARCH REPORTS

Check out JustEnough sponsored research reports which touch on some of today's most pressing industry challenges.

RECOGNITION

Take a look at how JustEnough is being recognized as an industry leader.

JUSTENOUGH IN THE NEWS

Read about JustEnough and our customers in industry leading publications Like TheRecord Magazine.

THOUGHT LEADERSHIP

Check out JustEnough’s latest Thought Leadership.

ONDEMAND WEBINAR

Hear industry leaders speak about today’s retail trends and how to stay ahead of the competition.

DON'T-MISS EVENTS

Don’t miss these exciting events. Register today and plan to meet with us!

JustEnough Solution Expansion

JustEnough Solo Expansion

JustEnough Rolls Out New Price Management Capabilities

JustEnough released new advanced functionality in the JustEnough Price Management solution. These capabilities enable current and new users to better manage complete lifecycle pricing from establishing price strategies to setting initial prices through price adjustments and promotional price changes through to end of life.

The new capabilities include:

  • More Powerful Rules and Validation Engine: Enables users to ensure compliance through creating and enforcing internal and external rules including competitor, rounding, vendor, legal and financial.
  • New Workflow Engine: Supports the use of pre-configured best practice workflows or configuration of custom workflows that guide users through the pricing and approval process while also providing complete visibility into price change status so users always know where they are in the process.
  • Price Adjustment Integration: The tighter integration of JustEnough Promotion Management to Price Management automates the population of promotional prices into the pricing lifecycle reducing planner effort while more importantly ensuring that potential human error is not introduced into the process.

Retailers that leverage JustEnough Price Management will significantly improve the management of their products’ price lifecycles and ensure that customers are presented the right price at the right place and time. The result is an overall more efficient and compliant pricing process that drives sales, improves margins and increases customer loyalty.

Contact Us if you want to learn more.

Customer Success

Customer Success

The Crazy Store Gets Serious Results with JustEnough

The Crazy Store is one of the largest discount variety chains in South Africa with a footprint of approximately 280 stores. The chain was utilizing a dated and highly customized replenishment solution that could no longer support the growth and complexity of its business. System inefficiencies forced them to conclude they could no longer wait and urgently needed to implement a new replenishment system.

JustEnough was selected based on a number of factors including industry best practice knowledge on an international level, best fit to functional requirements, ease and speed of implementation and competitive pricing.

The Crazy Store was quickly operational with the JustEnough solution, on time and on budget. Since implementing the system, in-store product availability levels have improved by more than 20% and the company’s age of stock is at the lowest level ever in the chain’s history, reducing stock obsolescence, damages and write-off provisions. Additionally, sales have grown in double digits every year, in a tough and competitive retail environment.

Read the Full Story

Research Reports

Research Reports

The Future of Retail

JustEnough recently sponsored a Raconteur special report, The Future of Retail, about how retailers need to innovate in order to flourish in today’s challenging and competitive retail environment. Articles in the report highlight how rapid transformation fueled by changing consumer behavior and digital technology has made predicting what lies ahead more difficult than ever. Retail executives need to be more digitally aware and informed to make the right decisions to become technology companies that also happen to be retailers. Companies also need a better understanding of the customer in real time to enhance personalization and provide a seamless purchase journey across all channels.

You can read the full report here.

Recognition

Recognition

JustEnough Recognized Among Top 20 Most Promising Retail Technology Solution Providers 2016

This annual list features the best solution and service providers offering tools and services in the retail technology landscape and assists CIO’s in finding the right technology solution providers to help them succeed in today’s fast-evolving retail environment. Companies are selected for the Top 20 list by a panel of industry and technology experts and members of the Retail CIOReview editorial board.

You can read the JustEnough profile in the Top 20 report here.

JustEnough In The News

JustEnough In The News

TheRecord

JustEnough is featured in the latest issue of TheRecord (formerly OnWindows Magazine), Microsoft's premier publication.

Balancing Customer Appeal and Profit

Creating visually compelling assortments that drive customer sales and profit is challenging, but can be easily achieved with the help of analytics.

Read the Article

Thought Leadership

Thought Leadership

JustEnough and Kalypso recently hosted a webinar, along with EKN Research, to make the case for a customer-centric trans-formation in merchandising and to layout “how” organizations can make this shift. We decided to also share this information through jointly authored articles on our respective blog posts. The links to the articles are below. If you prefer to watch the webinar, you can access the OnDemand version of it below.

Making the Case for a Customer-Centric Transformation in Merchandise Planning

How to Transform Into a Customer-Centric Merchandise Planning Organization

OnDemand Webinar

OnDemand Webinar

Customer-Centric Merchandising: Enabling Retail Success

Retail’s customer-driven transformation continues to accelerate and while retailers are making great strides with customer-centricity in marketing and customer service, merchandising has not made the same progress.

Join EKN, Kalypso and JustEnough and begin the transformation to customer-centric merchandising. Learn how to get started, what to consider and how to measure success. Retailers that move quickly to put customers in the center of planning will set themselves up for success.

Speakers:

  • Sahir Anand, VP Research & Principal Analyst, EKN Research
  • Sonia Parekh, Senior Manager, Kalypso
  • Peter Leith, VP of Product Strategy, JustEnough

Watch this OnDemand Webinar

Don't-Miss Events

Events

2016 Apparel Executive Forum

Oct 5 - 7, 2016, The Ritz-Carlton, Ft. Lauderdale, FL

The Apparel Executive Forum brings together an exclusive group of apparel and retail executives for two days of best-in-class, expert-led sessions and workshops focused on the most pressing industry theme. The networking-rich agenda, including high-level keynotes, interactive panel discussions and one-on-one meetings with fellow attendees, is designed to provide expert-led, insightful content and clear takeaways to put to work in your enterprise.

Learn More

NRF 106th Annual Convention & Expo

Jan 15 - 18, 2017, New York City

NRF's Annual Convention & EXPO earned the nickname "Retail's BIG Show" years ago and because the name was so appropriate, it stuck. Today, Retail's BIG Show is NRF's flagship industry event held annually in New York City. The four-day event offers unparalleled education, collegial networking and an enormous EXPO Hall full of technologies and solutions. Plan now to attend and meet with JustEnough to learn about our solutions and new innovations.

The event is FREE for retailers and consultants.

Learn More

Contact Us

Interested in learning more about JustEnough? Visit www.justenough.com today.

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United Kingdom

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Australia

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South Africa

+27 (11) 799-8900
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