Seasonal planning with Open-to-Buy software
One of the fundamental practices of any successful retailer is the optimization of product shelving and pricing in relation to the season or other time-related factors. You won’t be selling a bunch of snow shovels in July. These ideas are especially relevant to stores that deal specifically in seasonal or periodical products, such as sporting goods or beachwear. However, keeping track of these different categorizations and implementing them in a timely fashion can be a difficult process. Thankfully, ChainDrive’s retail management software package offers a powerful solution in its Planning software with Multi-Season capabilities.
Let’s say you work at a hardware store. Your products range from paint to wrenches, pane glass to shovels. In almost any retail environment, there are going to be products that only sell at certain times a year – for this example, we’ll stick with the snow shovel idea. Now, you might stock them year round, on the off chance that someone sees it and realizes they don’t have one, and might as well pick it up now. But there’s definitely a point in time when you want to advertise it better – move it up closer to the front, perhaps – and potentially tweak the pricing.
Multi-Season planning lets you organize these types of plans in a neat and accessible way. You can list products, pricing, and times of year in various different categories. Then, you can look at all of your seasonal plans in a corporate view to ensure that you haven’t missed anything and that your plans fully optimize the business potential.
Don’t get stuck not getting the most out of your retail business. Use smart planning with Open-to-Buy software and make more!