Brands and retailers worldwide are struggling to select the best product assortments for retail and e-commerce channels to maximize the assortment value at retail and are therefore not realizing full sales potential.
Relying on dense, out of date spreadsheets, PowerPoints and other documents for worldwide & regional merchandising and buying is chaos and increases the risk of critical errors. Without true visibility, no flexibility and outdated and incomplete information, it is impossible to make good decisions. How can you optimize product assortments by channel, region, store-type or persona?
Want to stop wasting time and energy?
By defining, deciding, capturing and analyzing, the VIP Buying Board for Retail streamlines internal buying & merchandising processes and transforms team collaboration and decision making.
Merge together information from multiple systems including PLM and ERP into an easy-to-use, highly visual platform compatible with any touch-screen device and with a social media like interface.
Increase sales opportunities by having the right product mix at a store/channel level
Rate in buying sessions and better plan revenue & margins.
Better manage OTB (Order to Buy) internal budgets for buyers.
Analyze sales campaign or season results and improve sell-through for retail & e-commerce.
Designate core and optional products and build assortments by collection, region, country, store type, persona and more.
Track Open to Buy vs Budget, average selling price, assortment depth and more. Roll up for Minimum Order Quantities (MOQ).
Buyers can make unit commitments by SKU with ‘orders’ rolling up to see overall quantities.
Buyers can give product and merchandising teams early-stage feedback by ‘liking’ or rating products.
Gather real-time analytics and roll up reports that provide full visibility of assortments by store, region, channel, price point, color or even persona.
Give us 60 minutes and we’ll blow your mind!