New York, NY - November 02, 2008: "Item Planner" is the popular must-have tool for planners and retail account managers who need to consistently monitor sales, inventory and profitability of their retail programs. Item Planner shows the net effect of profit of a product or program based on seasonality and the retailer's promotional calendar - and enables the review of multiple "what-if" scenarios. Based on these factors, the user can see if the cost structure will support a margin guarantee. The system will also calculate the optimum cost- the cost at which the margin guarantee is met. Like retailers, with Item Planner manufacturers can now track history, the current year plan and actual results in real time. The system also offers several reports to help manage and track merchandise programs including: This Year Plan vs. Last Year, Weekly and Cumulative Sell Through, This Year Actual vs. This Year Plan and Last Year, and Receipt Planning.
The new version offers significant new features, including:
- The ability to upload Actual Units, Dollars and On Hand Inventory and Last Year On Hand Inventory History via a MS Excel template.
- Automatic calculation of actual Gross Profit %.
- Cleaner formatting in data grids making them easier to read and interpret, and reducing entry errors.
- New enterprise friendly features including the ability to share plans and sales curve databases across the network or connect directly to the sales curve database in the main "Desktop Analyst" application.
- The addition of Margin % to date, Margin trend to date, Profit/Loss Act $ to date, and Profit/Loss $ trend to reporting.
"Our software has evolved based on input from our customers. Many of the most widely used functions today were developed based on that feedback. Once again, we listened to our users and this is what they have asked for" says Jim Lewis, Founder and CEO of Enhanced Retail Solutions. "This release is immensely gratifying."
About Enhanced Retail Solutions LLC
Enhanced Retail Solutions is a New York based software and consulting firm specializing in retail analysis for the manufacturer. ERS' state of the art software tools deliver the critical data, quickly, easily and cost effectively, adding hundreds of millions of dollars to their clients' bottom line. ERS' broad customer base includes industry leaders in the Apparel, Footwear, Home Textile, Home Decor, Home Improvement, Toy and Food Industries. For more information, visit http://www.ers-c.com.
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For immediate release
Media Contact:
David Matsil
President of Sales and Marketing
212.938.1991 x103
dmatsil@ers-c.com
