Open-to-Buy Software helps you plan ahead
Retail businesses are charged with the task of coming up with competitive business models to keep up with other stores in their regions and to make a name for themselves that will last. Unless you’re operating a specialty retail location that sells exclusive products, you will almost always have some form of competition that’s trying to reach out to customers who may otherwise be interested in your business. That’s why as a retail manager in today’s market, having a single plan from the start isn’t enough. You need to be able to respond to trends and changes in the area and work with a fluid business model that benefits from thorough analysis of sales data and specific preparations for your sales setup. With ChainDrive’s retail management software, you can collect important data on sales and performance, analyze it, report on it, and come up with a strategy to improve your business. Then, all you have to do is use the Open-to-Buy software component to implement your new plan.
Open-to-Buy software helps you plan in two different steps: it first gives you accurate analyses of sales and performance, and it then allows you to take action on decisions you’ve made. With its Comparative Analysis feature, you can look at sales reports from recent times and match them up with historical data to get a better sense of how you’re doing.
When you’re ready to implement any new plans you have in mind, Open-to-Buy will have all of the tools you need. It uses flexible controls and user-definable views to let the retail manager handle planning in dollars, units, and/or at cost, all the way down to subclass. It also includes a “Plan, Validate, and Lock” feature that lets you isolate single cells or groups of data to be separated from any mass action you might want to take. If, for example, you’d like to make markdowns on all products but a select few, Open-to-Buy makes this process simple.
Come up with a competitive game plan and give other businesses a run for your money. Use Open-to-Buy software to improve your business!