“ With the new Centric Planning solution, buying and merchandising teams can work more collaboratively and are saving time because manual data entry has been eliminated. Being able to create what-if scenarios empowers teams to make strategic decisions faster and achieve sales and margin targets. ”
The main challenge was managing large assortments with multiple products and brands; the Berlin location lists close to 400,000 individual products.
The KaDeWe Group operates three retail concepts in each location, adding a layer of complexity. These factors made it challenging to analyze retail performance, optimize inventory, and establish sales and buying targets. The KaDeWe Group has multiple teams involved in the planning processes, and strategic sales targets are defined jointly by the merchandising and buying teams.
The existing method made the process time-consuming, inconsistent and data errors could happen. The KaDeWe Group needed to streamline processes.
After considering various software providers, The KaDeWe Group selected Centric’s Planning solution. Centric’s expertise in the multicategory retail sector, track record of customer success and experience helping retail customers solve issues like The KaDeWe Group’s made them the perfect fit.
The easy-to-use, modern and intuitive interface was a benefit as The KaDeWe Group needed fast and widespread adoption. The KaDeWe Group also needed an agile digital transformation partner who could advise on their unique business challenges.
Centric’s Planning solution has been implemented to streamline strategic and merchandize financial planning processes. These include sales and margin calculations, sales planning, buying planning and stock projections.
The solution integrates all three business models and provides detailed data for every aspect of the business.
Moving from excel files management to one integrated planning system has generated great improvements: