Having the right inventory at the right place at the right time is what most retailers used as the golden rule for many years. However, not enough time is spent on inventory NOT in the right inventory, NOT at the right place, and NOT at the right time. Let's talk about inventory quality improvements you…
Retail pricing activity has drastically changed throughout the past few years, with much greater emphasis on promotional pricing. Remember the days when you relied on products being priced at ‘regular price’ to communicate its overall value? Consumers are spending more time than ever, online price shopping, to ensure they get the best deal. They are…
Planning Analytics provides its users with some new Turbo Integrator functions to create hierarchy objects for a dimension. In this blog I will go into more detail on enabling the new hierarchy creation setting, the different Turbo Integrator functions used to create hierarchy objects in Planning Analytics, and when each should be used. Enabling Hierarchy…
You have selected your assortment. Next, you must get your customers to shop and ultimately buy. This is the retail assortment presentation stage. Years ago, Merchants simply delivered a cool and attractive assortment to stores, and the customer showed up. We are living in a very different world today, where the customer has so many…
The act of forecasting upcoming sales and financials is a challenging task. No one knows this better than retailers. Retailers need accurate, reliable data – and they need it yesterday! Otherwise, the act of planning and forecasting is even tougher than ever. Here are four common retail forecasting challenges retailers face when going through their forecasting…