retail assortment planning 2.0 for spi buyer

Retail Assortment Planning 2.0 MEGAN KELLER

Objective• Learn how to optimally align inventory and buy decisions with

customer demand using our Assortment Planning module.

1. SPI Buyer Overview

2. Screen Concepts

3. Assortment Planning Process

4. Size & Pack Optimization

5. Benefits

6. What’s New?

CONTENTS PAGE

SPI Buyer

Allocation

Purchasing

Assortment PlanningSPI Retail Suite

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

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

Screen Concepts

1. Analytics Engine2. Pivot Grid Control3. Single screen philosophy

Assortment Planning Process

1) Identify Plan

Parameters2) Identify Targets

3. Create Assortment 4. Evaluate 5. Execute

Plan Creation• Choose a template

• Time Periods:• Date Range • Fiscal Calendar

• Periods By:• Month• Week• Day

Dimension/Measure Wizard• Define additional dimensions &

measures for plan• Type: Level, Attribute, Measure• Target or Assortment• Source/Validation• Field Type

• Dynamic/Flexible

Assortment Planning Process

1. Identify Plan

Parameters2. Identify Targets

3. Create Assortment 4. Evaluation 5. Execute

Targets Tab• Define financial targets for assortment plan• Import or enter financial data• Expand to period & store level

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

Assortment Planning Process

1. Identify Plan

Parameters2. Identify Targets

3. Create Assortment 4. Evaluation 5. Execute

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

Assortment Optimizer

• Automated generation of detail assortment

• Predicts Depth & Breadth demand by location

• Multiple algorithm options• Pack, Min, Max• Allows for ‘what if’ scenarios

Assortment Planning Process

1. Identify Plan

Parameters2. Identify Targets

3. Create Assortment 4. Evaluation 5. Execute

Evaluate Assortment

• Pivot Grid Control• Location & Product Attributes

Combined View

• Analyze plan data at desired level, period or store in plan

LY Data

• Pulls in LY data specifically related to merchandise level & timeframe of plan

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

Optimize Packs

• Pack Optimization- optimize vendor defined packs

• Pack Recommender-construct your own optimal pack quantities

• Packs Only • Packs & Pieces

Assortment Planning Process

1. Identify Plan

Parameters2. Identify Targets

3. Create Assortment 4. Evaluation 5. Execute

Execute Purchase Order

• Export to Excel• PO Upload to:

• Purchasing Module• Customer System

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

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

Contact Me

•Megan KellerEmail: megan.keller@spi.comPhone: 484-716-5606

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