This new version offers even quicker way to create plans as well as more tools to manage item/ladder plans.
Item Planner was created for planners who need to consistently monitor sales, inventory and profitability of their retail programs. Plans can be based on sales and inventory history, seasonality, the promotional cadence and profitability requirements. Users can then track business week by week, watching for trends that effect profitability and taking action to optimize performance. It allows the user to conduct multiple “what if” scenarios to see what effect they could have on results. And because Item Planner is integrated with our ad-hoc reporting tool it allows users to format its output in reports exactly the way they want them. They can pick column fields, reporting level (item, style, brand, etc.), time periods and create key comparisons such as This Year Plan vs. Last Year, Weekly and Cumulative Sell Through, This Year Actual vs. This Year Plan and Last Year, and Receipt Planning.
Major new features have been added:
- Edit Projected Plan Through Microsoft Excel Upload: Make changes to Projected Plan via a Microsoft Excel template. Saves data entry time on screen and allows multiple changes in one upload.
- Selectable Inventory Planning Methods- Choose how the system will calculate planned inventory when importing through Microsoft Excel- Weeks of Supply, user-defined on-hand inventory or receipt plan.
- Initial Set Quantity- This option allows the user to specify beginning inventory for the 1st week of plan and override system calculated inventory.
- Minimum Presentation Quantity: This option ensures a minimum inventory level will be planned for each week.
“Item Planner has been the ultimate collaboration tool because both Buyers and Suppliers can work from the same set of numbers and always know where the performance of an item stands- meaning no surprises” says Jim Lewis, founder and CEO of Enhanced Retail Solutions. “These new features, based upon client requests, offer even more automation and control”.
Contact us today for more information on Item Planner and/or our other Demand Planning and Retail Analytic offerings!