retail assortment planning 2.0 for spi buyer
TRANSCRIPT
Retail Assortment Planning 2.0 MEGAN KELLER
Objective• Learn how to optimally align inventory and buy decisions with
customer demand using our Assortment Planning module.
1. SPI Buyer Overview
2. Screen Concepts
3. Assortment Planning Process
4. Size & Pack Optimization
5. Benefits
6. What’s New?
CONTENTS PAGE
SPI Buyer
Allocation
Purchasing
Assortment PlanningSPI Retail Suite
Assortment Planning
What
• The process to determine what and how much should be carried in a merchandise category.
Why
• Increase sales and margin
• Improve inventory productivity
• Customer satisfaction
How
• Recommends depth & breadth
• Identify store level selling patterns
• Flexible product & location attribute management
Key FeaturesQuick/Efficient Embedded
Analytics Flexible Plan Parameters
Pivot Grid Functionality
Sophisticated Algorithms
OTB reconciliation to financial targets
Tailor with product & location
attributes
Size & Pack Optimization
Integration to ERP
Screen Concepts
1. Analytics Engine2. Pivot Grid Control3. Single screen philosophy
Assortment Planning Process
1) Identify Plan
Parameters2) Identify Targets
3. Create Assortment 4. Evaluate 5. Execute
Plan Creation• Choose a template
• Time Periods:• Date Range • Fiscal Calendar
• Periods By:• Month• Week• Day
Dimension/Measure Wizard• Define additional dimensions &
measures for plan• Type: Level, Attribute, Measure• Target or Assortment• Source/Validation• Field Type
• Dynamic/Flexible
Assortment Planning Process
1. Identify Plan
Parameters2. Identify Targets
3. Create Assortment 4. Evaluation 5. Execute
Targets Tab• Define financial targets for assortment plan• Import or enter financial data• Expand to period & store level
Planning Drill Down• Used in both Target &
Assortment Tabs• Define spread by:
• Period• Store• Color• Size
• Load & Save Curves• Dynamically split & apply % to
anything in plan levels
Assortment Planning Process
1. Identify Plan
Parameters2. Identify Targets
3. Create Assortment 4. Evaluation 5. Execute
Assortment Tab• Enter desired items or use ‘Assortment Optimizer’ to create wedge• Drill down to color & size• Product Attributes• Assign Images• Item Create• PO Create
Assortment Optimizer
• Automated generation of detail assortment
• Predicts Depth & Breadth demand by location
• Multiple algorithm options• Pack, Min, Max• Allows for ‘what if’ scenarios
Assortment Planning Process
1. Identify Plan
Parameters2. Identify Targets
3. Create Assortment 4. Evaluation 5. Execute
Evaluate Assortment
• Pivot Grid Control• Location & Product Attributes
Combined View
• Analyze plan data at desired level, period or store in plan
LY Data
• Pulls in LY data specifically related to merchandise level & timeframe of plan
Sizing
• Size selling can vary greatly within a single department
• Apply Store/Size curves to optimize quantities
• Reduce stock-outs and end of season markdowns due to size
Optimize Packs
• Pack Optimization- optimize vendor defined packs
• Pack Recommender-construct your own optimal pack quantities
• Packs Only • Packs & Pieces
Assortment Planning Process
1. Identify Plan
Parameters2. Identify Targets
3. Create Assortment 4. Evaluation 5. Execute
Execute Purchase Order
• Export to Excel• PO Upload to:
• Purchasing Module• Customer System
Benefits
• Create assortments that meet both plan financial targets and localized demand
• Link to performance data • Timesaver!
• Create Templates off existing plans
• Item create functionality• Export plan directly to PO
What’s New?• Keep the user in a single screen• Excel like interface• Improved Assortment Optimizer• Editable Plan Templates• Easily add new levels or
measures to plan• Combined View Tab• LY Data Tab
Enter to Win
• Please submit your session evaluation using your smart phone, tablet or PC at http://www.spiconference.com/2016evaluation
• Submit six or more session evaluations to be eligible for a $100 AmEx gift card drawing