MERCHANDISE FINANCIAL PLANNING
Strengthen your product assortment with strategic retail merchandise financial planning.
Having the right people, processes and technology in place will enable you to create a systematic merchandise planning approach to plan, buy, and sell merchandise. enVista’s retail team helps you drive profitable revenue by making your inventory work harder and smarter for your organisation.
Leverage enVista’s expertise to create your optimal merchandise plans.
Inventory is a retailer’s biggest expense, ensure your organisation has the right tools to achieve success. Anticipating and forecasting the right assortment at the right quantities, time and price is necessary to successfully satisfy your customers’ expectations. enVista’s team of retail experts helps you evaluate your planning tools and processes to ensure they align with your business capabilities and customer demands.
Merchandise Financial Planning
To start with a strong financial foundation, maximize sales and profit by business unit and category, considering both historical and future optimization, from weekly to annually and beyond. This enables investment in inventory at the right product category, quantity and time.
Assortment Planning
Delight customers with the right assortment, creating the brand vision and maximizing profitability. Profitability requires balancing product with clearly understood revenue and margin opportunity. Assortment planning combines in-depth analytics, SKU rationalization and assortment lifecycle planning along with sizing and pre-pack optimization into a simplified workflow.
Item Demand Forecasting
Focus on one key question: what is the ideal amount of an item for meeting your critical business drivers? And what about short-term fashion items? Peak profitability stems from using demand forecasting to plan future sales and inventory needs while considering various lead times. enVista's team will support you in enabling informed investment-making at the right time, avoiding overstocking while maximizing sales opportunities.
Store Allocation and Replenishment
Accurate product placement is critical to meet your localized customer demand. Merchandisers must consider the channels available, the individual stores and the product attributes to meet diverse customer demand and business goals. A holistic allocation approach recommends the right merchandise distribution down to size so retailers can optimise inventory, reduce waste and avoid unnecessary markdowns. It also requires timely replenishment of those business driving items, responding to sales trends and forecasting future key item needs by location. With enVista’s allocation and replenishment expertise, you can optimise your product placement and build out the best inventory replenishment to maximize margins.
Why enVista?
Expert Guidance
Our retail experts understand the cross-sections of people, processes and technology, and they will guide you toward the best process and tools that will enable your optimal merchandise planning strategy.
Streamlined Strategy
Our industry experts help you develop strategies that maximize your inventory investment, keeping it working for you. We will help you transform from siloed planning processes and applications to an omnichannel, unified point of view, helping you meet the customer where they are.
Technology Solutions
enVista helps you transition to a solution that is right for your business, ensuring accuracy and alignment with strategic goals. We optimise your processes, connecting you with the latest planning technology for agile planning decisions.
Successful Implementation
Our retail experts will help you realize your optimal merchandise planning strategy using a proven methodology to implement both processes and technology and align the organisation through clear role and responsibility definitions.
Featured Insights
White Paper
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Get the low-down on the secrets retailers and manufacturers need to know about inventory optimization.
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From Returns to Revenue: Leveraging AI to Increase Inventory Profitability
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