Open-to-Buy Software Helps You Plan Ahead
Managing a retail business means being able to ride through the ups and downs of the economy by carefully planning and optimizing your business. Being able to adapt to difficult and unique situations in the market is critical to ensuring your success and long staying power. In order to accomplish this, you’ll probably want to do more than just eyeball the adjustments you might need to make and going from there. ChainDrive’s retail management software offers tools that you can use to accurately analyze, predict, plan, and implement different sales strategies and adjustments in order to get the most profit you can. Open-to-Buy software, also known as Planning software, is your go-to module for planning for success in your retail business.
The software is able to leverage historical data about your sales and contribution patterns in order to determine exact dollar distribution and help you better understand what’s going on “behind the scenes.” You can even perform a comparative analysis that lines up data from the past with your current sales in a number of possible combinations. ChainDrive’s open to buy software is designed for you to be able to configure its data systems into the representations that explain information best to you, and Open-to-Buy software is no different. You can use it to obtain valuable insight into the inner workings of your business.
Other great features of Planning software include:
- Accurate stock level forecasting that uses stock-to-sales ratios that generate important receipt patterns
- Flexible planning and forecasting of units, retail, and cost
- The ability to maintain and plan for multiple seasons simultaneously