retail assortment planning 2.0 for spi buyer
TRANSCRIPT
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Retail Assortment Planning 2.0 MEGAN KELLER
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Objective• Learn how to optimally align inventory and buy decisions with
customer demand using our Assortment Planning module.
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1. SPI Buyer Overview
2. Screen Concepts
3. Assortment Planning Process
4. Size & Pack Optimization
5. Benefits
6. What’s New?
CONTENTS PAGE
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SPI Buyer
Allocation
Purchasing
Assortment PlanningSPI Retail Suite
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Assortment Planning
What
• The process to determine what and how much should be carried in a merchandise category.
Why
• Increase sales and margin
• Improve inventory productivity
• Customer satisfaction
How
• Recommends depth & breadth
• Identify store level selling patterns
• Flexible product & location attribute management
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Key FeaturesQuick/Efficient Embedded
Analytics Flexible Plan Parameters
Pivot Grid Functionality
Sophisticated Algorithms
OTB reconciliation to financial targets
Tailor with product & location
attributes
Size & Pack Optimization
Integration to ERP
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Screen Concepts
1. Analytics Engine2. Pivot Grid Control3. Single screen philosophy
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Assortment Planning Process
1) Identify Plan
Parameters2) Identify Targets
3. Create Assortment 4. Evaluate 5. Execute
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Plan Creation• Choose a template
• Time Periods:• Date Range • Fiscal Calendar
• Periods By:• Month• Week• Day
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Dimension/Measure Wizard• Define additional dimensions &
measures for plan• Type: Level, Attribute, Measure• Target or Assortment• Source/Validation• Field Type
• Dynamic/Flexible
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Assortment Planning Process
1. Identify Plan
Parameters2. Identify Targets
3. Create Assortment 4. Evaluation 5. Execute
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Targets Tab• Define financial targets for assortment plan• Import or enter financial data• Expand to period & store level
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Planning Drill Down• Used in both Target &
Assortment Tabs• Define spread by:
• Period• Store• Color• Size
• Load & Save Curves• Dynamically split & apply % to
anything in plan levels
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Assortment Planning Process
1. Identify Plan
Parameters2. Identify Targets
3. Create Assortment 4. Evaluation 5. Execute
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Assortment Tab• Enter desired items or use ‘Assortment Optimizer’ to create wedge• Drill down to color & size• Product Attributes• Assign Images• Item Create• PO Create
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Assortment Optimizer
• Automated generation of detail assortment
• Predicts Depth & Breadth demand by location
• Multiple algorithm options• Pack, Min, Max• Allows for ‘what if’ scenarios
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Assortment Planning Process
1. Identify Plan
Parameters2. Identify Targets
3. Create Assortment 4. Evaluation 5. Execute
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Evaluate Assortment
• Pivot Grid Control• Location & Product Attributes
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Combined View
• Analyze plan data at desired level, period or store in plan
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LY Data
• Pulls in LY data specifically related to merchandise level & timeframe of plan
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Sizing
• Size selling can vary greatly within a single department
• Apply Store/Size curves to optimize quantities
• Reduce stock-outs and end of season markdowns due to size
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Optimize Packs
• Pack Optimization- optimize vendor defined packs
• Pack Recommender-construct your own optimal pack quantities
• Packs Only • Packs & Pieces
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Assortment Planning Process
1. Identify Plan
Parameters2. Identify Targets
3. Create Assortment 4. Evaluation 5. Execute
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Execute Purchase Order
• Export to Excel• PO Upload to:
• Purchasing Module• Customer System
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Benefits
• Create assortments that meet both plan financial targets and localized demand
• Link to performance data • Timesaver!
• Create Templates off existing plans
• Item create functionality• Export plan directly to PO
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What’s New?• Keep the user in a single screen• Excel like interface• Improved Assortment Optimizer• Editable Plan Templates• Easily add new levels or
measures to plan• Combined View Tab• LY Data Tab
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Enter to Win
• Please submit your session evaluation using your smart phone, tablet or PC at http://www.spiconference.com/2016evaluation
• Submit six or more session evaluations to be eligible for a $100 AmEx gift card drawing