Expect The Unexpected In Product Management
It isn’t difficult to visualize the task of product management as a challenge similar to the classic puzzle cube. Every decision made concerning inventory has ramifications, and choosing one strategy changes what happens in unexpected ways. With the toy, frustrated puzzle solvers often just took off the stickers and replaced them to make it look like they solved it. But unlike the classic puzzle cube, product management isn’t solved by relabeling.
A Question Of Control
With the toy, everything that can happen is limited by where it can happen — in your hands. Despite the confusing configurations, this puzzle is limited by being in one piece. But in real life retail, there are no constraints on what can happen.
The weather may affect the supply chain or an accident could destroy a shipment. Product recalls play havoc with retail plans. Things that a product manager has no control over affect inventory movement in unforseen ways. So wise retailers optimize the aspects they can control and plan for the need to make transfers in product inventory as specific as the situation calls for.
It takes the right kind of product management software market tools to have the ability to adapt strategies for changing circumstances. Transfer optimization isn’t a relabeling of category so the paperwork looks right, it’s the actual switching of location that gets the right product to the right spot at the right time. This could be anything from stock consolidation or special orders to mass recalls.
ChainDrive’s integrated product management software market functionality takes product management from the puzzle cube category and puts it into impressive reliability. Having the “from, where, and when” of all post-distribution stock movements available for analysis makes a big difference in strategy because you know exactly what you are working with. The ability to create simulations allows planning to anticipate various scenarios before taking action.
User-defined parameters allow the control of your specific retail environment for maximum optimization of inventory movement. It’s as satisfying as solving the puzzle cube and much more profitable.