Open-to-Buy Software Supports Strong Business Planning
Being able to plan ahead in retail business is crucial. Preparing for every day at every retail location is the only way you can be sure to put your best foot forward and hope to maximize profit and satisfy your customers. Doing so requires that you have a thorough understanding of your retail business, including all of your products and their various attributes and styles. Beyond that, you need a system that can organize and take action on your inventory in a concise and speedy manner. ChainDrive retail management software includes the components you need to plan ahead for success as a retail manager. Its Open-to-Buy module is designed with the flexibility and the accuracy to oversee all of your planning.
One of the best ways to start the process of planning for success is through the software’s Comparative Analysis feature. This will allow you to look at your current sales data and objectives side-by-side with historical data stored in the software package’s centralized database. This shows you what changes have worked, what changes have not worked, and where things still need to be tweaked. Monitoring your progress regularly and keeping yourself on top of things by making scheduled analyses will lead to faster business and new heights of success.
Open-to-Buy also includes dynamic controls and data tools to help you manipulate information into a wide range of configurable views, graphs, and other important forms of representation. Features like the “Plan, Validate, and Lock” action allow you to single out individual cells or groups of cells and take rapid action on that data in a variety of ways. This means that you can go beyond simple historical comparisons to single out shorter periods of time, smaller sample sizes of items, and so on to get an intricate understanding of your business’s strengths and weaknesses.
Use Open-to-Buy software to plan ahead the right way in your retail business!