Merchandise Planning Software

With retailers laser focused on maximizing return on investment and increasing profitability, merchandise planning software solutions assist in minimizing losses from out-of-stock and markdowns while optimizing sales performance. Not surprisingly, finding the right balance between planning sales and inventory is both a challenge and a critical goal for retailers in the merchandise planning process.

merchandise planning

Clearly, inventory is one of – if not the largest – investments for retailers, whether online or brick-and-mortar. Getting the inventory plan right is essential to success. This requires improved visibility leading to better in-stocks, lower inventory holding and improved sales. More than just calculating quantities to purchase, merchandise planning also has to consider what it takes to support sales that are affected by other factors such as space constraints, as well as open-to-buy targets and location planning.

Merchandise planning systems enable management to set financial targets, review target achievement and create open-to-buy budgets. For planners, these solutions support planning from the top-down to bottoms-up, guide the downstream planning process and support the comparison of high-level targets to plan. An effective, easy-to-use solution will help you manage your business without being exposed to tedious, low-level details. With an interactive view of your product hierarchy, an open-to-buy planning tool and top-down, middle-out and bottoms-up planning, a robust merchandise planning software solution allows you to lock plans at specific levels and adjust plans based on percentage increases and decreases.

Open-to-Buy Planning

No business should operate without monitoring its inventory spend within the cash flow cycle. Having visibility into the allocated budget allows planners to track the amount available to invest in further inventory. Open-to-buy planning tracks the current spend to budget helping make intelligent and informed purchases that eliminate risk.

Making sure the right level of stock is available to meet demand requires tight inventory control. Using an open-to-buy planning solution prevents overstocks during certain periods that can decrease profits and cash flow due to increased markdowns. Similarly, not purchasing enough inventory results in decreased sales by not having the right amount of inventory customers want to buy. Open-to-buy budgeting provides guidance on the amount to buy and provides analysis for adjusting current and future plans.

JustEnough Merchandise Planning

Supporting top-down, middle-out and bottoms-up planning, JustEnough’s merchandise planning software allows you to incorporate key metrics into your planning process including inventory, sales, channels, time periods and customer preferences. Supporting robust scenario planning, JustEnough provides broad insight so that you can easily adjust plans and forecasts due to changes in demand that affect inventory turns and margins.

JustEnough merchandise planning utilizes innovative technology and processes that encompass multiple functions while allowing various departments and stakeholders end-to-end visibility for best performance, efficiency and customer satisfaction. The JustEnough user interface’s Excel-like grids and graphical displays drive quick user adoption and increase visibility. Its management-by-exception functionality results in improved decision making and increased productivity, allowing users time to apply their unique knowledge of their business and customers to the merchandise plan. JustEnough Merchandise Planning is available both OnSite and OnCloud.

Benefits of JustEnough Merchandise Planning Software

  • Drive all aspects of planning off one set of financial objectives significantly increasing the probability of success
  • Find the optimum balance between sales and inventory
  • Better plan for new locations helping maximize space investments
  • Maximize sales opportunities and minimize losses from excessive mark downs and out-of-stocks
  • Better control merchandise spending through open-to-buy budgeting
  • Respond faster to changes in demand
  • Increase visibility and collaboration between operations, merchandising and finance departments resulting in improved overall performance

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