4 Star . 2 Star . 4.0 . Merchandise & Assortment. EMAIL PAGE. Issues such as what merchandise to purchase and in what quantity, are of strategic significance to every retailer, especially for the multi-store retail chains of today. Aptos Merchandise Financial Planning and Assortment Planning modules work together to create a powerful combination of planning tools designed to help you optimize every aspect of the planning process. They combine pure creativity and careful analysis to create concepts and styles that satisfy customer demand, financial goals, and dozens of other requirements. Assortment Planning Process, Case studies in Retail Management Volume-II. It involves establishing a trade-off among the variety offered, assortment provided and the availability of the products. The assortment plan provides the merchandise planner with a view of what the composition of a specific category of merchandise should be. This enables you to plan on a value and quantity basis on any level you choose, within a planning hierarchy, for example, purchasing organization, store group, or merchandise category level. The gross margin percentage in combination with the inventory turnover evolves into a useful tool for managing merchandise. 4.0 . Improve business performance with master data integrity and data-driven insights to … The market for retail assortment management applications (RAMAs) is composed of multichannel retail companies (that is, retailers with stores as well as online and mobile channels) seeking assortment management applications that address business-critical merchandising business processes. For decisions on these matters, a thorough plan called a merchandise assortment plan, has to be adopted. Retailers utilize assortment planning to make decisions about retail space depending on season, available vendors, shelf space and budget. Compare Merchandise Planning and Assortment Management Solutions with competitors. The Assortment mix considers multiple factors such as item attributes, store cluster, location and capacity, quantity. Images support the setting of assortment strategies and enhance assortment planning. The purpose of merchandise planning is to fulfill consumers demand by making available right merchandise at the right place, time at right prices, and in the right quantities. Oracle Retail Assortment Planning aligns assortments using a highly visual, end-to-end workflow. Determining a merchandise strategy is a crucial issue for a retailer. In the apparel and fashion sector, these challenges are also more complicated, because of limited time windows. The shipped example scenarios allow you to be flexible with your choice of planning periodicities. Retailers adopt marketing strategies like shotgun merchandising and rifle merchandising in order to cope with the dynamics of the market. Process of Merchandise Planning: Success of any retail organisation depends on presenting the merchandise that is needed by the customer. 1 Star . The Merchandise Assortment and Planning Integration ES bundle enables fashion retailers to transfer the results of assortment planning completed in SAP MAP on style/color/size level to the OAPC in SAP ERP, where article data, allocations, and purchase orders are created. Style Assortment Planning. Assortment plans must determine the ideal product ranges and price lines for each unique location, channel and customer segment. Define the depth and width of the assortment cluster by cluster, assigning OTB budget to every category based on Merchandise Financial Planning targets. We'll email you at these times to remind you to study. These plans, when developed with Aptos Merchandise Financial Planning and Aptos Assortment Planning, serve as guideposts for every decision about every item, category, location, channel and segment throughout the entire selling season. When making sales forecasts for a specific merchandise category, retailers take information from various sources, such as past sales volume, published secondary data and customer surveys. 3 Star . Organizing the Buying Process by Categories Define an assortment planning strategy . The Planning Factory offer a full service in all areas of merchandise, range and assortment planning You may need: An audit to measure the effectiveness of your current merchandise planning process; Assistance with implementation of 3rd party merchandise planning solutions; 900; 4.0. First, the merchandise is split into categories for the purpose of planning. Customer Experience. Toolio Blog Retail Calendar Open-to-Buy Template Item Planning Template. 0%. Top Merchandise Planning and Assortment Management Solutions Alternatives. How Assortment Strategies Work . Merchandise planning refers to an approach based on data to select, buy, present, and sell merchandise to consumers so that the maximum rate of investment can be achieved and consumers demand can also be satisfied.. It takes into account different levels of expertise and shows you the recommended order of study. FAQs Login Request Demo. LO-MAP: TWISPC_INT_LISTG: Interface Parameter for Interface Type "Listing" LO-MAP: TWISPC_INT_PROMO: MAP: Planning Interface Category "Promotions" LO-MAP: Show More SAP LO-MAP Tables . What: Assortment Planning is the process of determining product in each merchandise category. Customer Centric Assortment Tuning strategies Reshma suhas October 6, 2016 Assortment optimization, Customer Centric Merchandising, Customer Centric Retailing, fashion merchandising management, in-store retail analytics, Merchandise Analytics, Merchandise Assortment, merchandise planning, predictive analytics in retail, pricing analysis retail, Real-time business intelligence, retail … Merchandise and Assortment Planning. Process Trade-offs b/w Variety, Assortment & Product Availability Once a fashion season has gone, the market changes. Javascript must be enabled for the correct page display Martec’s merchandise and assortment planning e-learning course is designed for everyone involved in merchandise and assortment / range planning, including merchandisers and planners and their teams. How Assortment Strategies Work . Other vendors considered by reviewers before purchasing from SAP. Subscribe to RSS Feed; Bookmark; Subscribe; Email to a Friend; Printer Friendly Page ; Report Inappropriate Content ‎03-09-2017 02:00 AM. Assortment planning in fashion and beauty tends to be more complex than other industries, because forecasting consumer demand and industry trends are largely based on the buyer’s intuition. When the buyer’s hunch results in too much product or not enough, retail sales suffer, resulting in financial difficulty for next season’s buy. This enables you to plan on a value-basis and on a quantity-basis. /* freecasesqu */ By connecting these planning and execution processes, it puts you in an ideal position to maximize profits and adapt quickly to changing market conditions. Use. Merchandise Line: A group of products that are closely related because they are intended for the same end use, are sold to the same customer group or fall within a given price range. HTML The categories thus split are managed by purchasers and merchandise planners, as well as vendors. Merchandise Assortment Planning. A high-performance, customer-centric merchandise planning system that uses powerful retail analytics to power your omnichannel business strategy. For decisions on these matters, a thorough plan called a merchandise assortment plan, has to be adopted. However, it is not dependent from other category management decisions. Not applicable ‎03-09-2017 02:00 AM. Inventory, markdown and profit targets must be established at the start of every planning cycle. Platform, Retail Solutions, Supply Chain. Overview Merchandise Planning Assortment Planning Item Planning. Learn more; Pricing and Promotions. SAP MAP … Define an assortment planning strategy . The purpose of merchandise planning is to fulfill consumers demand by making available right merchandise at the right place, time at right prices, and in the right quantities. The most significant issue for a retailer is determining the inventory turnover and developing inventory turnover goals. Merchandise planning seeks to satisfy consumer demand by making the right merchandise available at the … Merchandise & Assortment. Martec’s merchandise and assortment planning e-learning course is designed for everyone involved in merchandise and assortment / range planning, including merchandisers and planners and their teams. Merchandise Planning and Assortment Management Solutions Ratings Overview. A solid foundation for the entire merchandise lifecycle, Forecasting, Allocation and Replenishment. Essentially, a product assortment strategy is a retail industry sales tool with the concepts of depth and breadth at its core. Assortment planning defined: Assortment planning in retail is when a store optimizes visual merchandising, store layout, and product placement for the most conversions. An assortment catalogue, with a visual representation of SKUs, enables merchandisers to create collections quickly and easily Merchandise financial and assortment plans represent the foundation upon which successful merchandise lifecycles are built. Armed with the basic SAP MAP knowledge competency level 1, you can start implementing this knowledge in a customer project when shadowed or coached by an experrienced SAP MAP consultant. SUMMARY: Issues such as what merchandise to purchase and in what quantity, are of strategic significance to every retailer, especially for the multi-store retail chains of today. Plan category sales and margins, selling locations by channel, and localized assortments. Issues such as what merchandise to purchase and in what quantity, are of strategic significance to every retailer, especially for the multi-store retail chains of today. Case Studies. Aptos drives growth for more than 1,000 leading retail brands with a pioneering spirit, authenticity, and a strong sense of community. Planning can be done at any number of hierarchy levels, for example, purchasing organization, store group, or merchandise category levels. The following diagram represents the merchandise and assortment planning architecture. Streamline your process from planning to production . Assortment planning is the process of determining the most appropriate merchandise to make up the stores assortment. A full suite of merchandise and assortment planning solutions to be deployed standalone or mixed in to any other planning workflow. Assortment plans should always take into account the greater business strategy and … Paperback;210 X 275 mm approx. Assortment Planning . For eg:- Mens jeans & Girls jeans are two categories Platform, Retail Solutions, Supply Chain. You can set up to 7 reminders per week. Latest industry trends, buying, merchandise assortment and financial planning insights from our team of retail veterans. Optimize omnichannel pricing and promotions throughout the product lifecycle across every channel. Retail Assortment Planning closes the gap between financial planning, and store planning and accurately identify the optimal merchandise mix. Settings for Example Scenarios for Merchandise and Assortment Planning. How: By identifying store level opportunities as well as how much (breadth of assortment) and in what quantities (depth of assortment) should be carried in a merchandise category. 5 Star . You might remember we discussed assortment planning as a key function of merchandise planning. In the apparel and fashion sector, these challenges are also more complicated, because of limited time windows. The Merchandise Assortment and Planning Integration ES bundle enables fashion retailers to transfer the results of assortment planning completed in SAP MAP on style/color/size level to the OAPC in SAP ERP, where article data, allocations, and purchase orders are created. Merchandise Line: A group of products that are closely related because they are intended for the same end use, are sold to the same customer group or fall within a given price range. Our comprehensive professional services get you up and running quickly and keep you running continuously at peak performance. are specified. Together, they provide end-to-end support of all your planning activities, ensuring tight alignment at every step, from carefully managed financial targets to highly relevant product lineups tailored to the nuances of each of your customer segments, markets, channels and locations. Study Reminders . About Us Contact. Essentially, a product assortment strategy is a retail industry sales tool with the concepts of depth and breadth at its core. If you continue browsing the site, you agree to the use of cookies on this website. This is the final part of a part article on the impact of the Covid pandemic on merchandise and assortment planning. SAP Merchandise and Assortment Planning offers a wide range of bene-fits, including the functions needed to “seed” new plans with values from a forecast or from last year, last season, or last month. The ... product selection in all merchandise categories for a number of reasons, including heterogeneous customer preferences, consumers seeking variety and competition between brands: Quelch and Assortment Planning … Category management, Sales Forecasting Merchandise planning seeks to satisfy consumer demand by making the right merchandise available at the right places, times, prices and quantities. Demand planning . The academic approach to the assortment planning problem rests on the formulation of an optimization problem with which to choose the optimal set of products to be carried and the inventory level of each product. Merchandise planning is a data-driven approach to selecting, buying, presenting and selling merchandise to maximise your return on investment and satisfy consumer demand. //-->. First and foremost, the basic component of any merchandise mix is the product. The details of inventory like color, size, materials, brand, etc. As we began this chapter we discussed the merchandise management process. Many issues must be considered for a store to make a proper determination. The Assortment Planning KGK-FMS. Like the other parts of this article, we are only considering the changes that might follow as a result of the impact of the pandemic. Textbook:Pages : 487; Learn more; Merchandising Intelligence . 50% considered Oracle. Include the understanding of the customer purchase decisions through product hierarchy in the assortment planning process. 6. … You might remember we discussed assortment planning as a key function of merchandise planning. Merchandise Assortment Planning : Chapter 8 . Assortment planning is a critical step of category management. Textbook Price: Rs. Maximize Sales with the Right Merchandise Assortment. Retailers must make a choice such as on how to determine the appropriate assortment at stores and allocate the inventory in their warehouses, who, how, when and where to sell the stock. Merchandise and Assortment Planning: Average Retail: LO-MAP: TWISPC_INT_ALLOC: Interface Parameters for "Allocation Table" Interface Cat. Service & Support. Assortment planning is about making the right product picks and ordering the right quantities to match market demand. Assortment planning is a critical step of category management. For decisions on these matters, a thorough plan called a merchandise assortment plan, has to be adopted. Support highly effective merchandise and assortment planning. Merchandise and Assortment Planningsupports planning and reporting for all business activities involving assortment and merchandise, as a smoothly integrated process. AnaplanAppHub. The market for retail assortment management applications (RAMAs) is composed of multichannel retail companies (that is, retailers with stores as well as online and mobile channels) seeking assortment management applications that address business-critical merchandising business processes. Merchandise financial and assortment plans represent the foundation upon which successful merchandise lifecycles are built. Explore. Merchandise/ Assortment Planning. This app allows planners to generate a merchandise financial plan and incorporate that plan into a store sales plan and product assortment plan. Process Trade-offs b/w Variety, Assortment & Product Availability Create retail plans that maximize sales with this suite of merchandising solutions. The SAP Merchandise and Assortment Planning Curriculum helps you to find the right coursework and self-study training to prepare you for your SAP MAP implementation projects. Merchandise and Assortment Planning supports planning and reporting for all business activities involving assortment and merchandise, as a smoothly integrated process. The basic components of retail merchandise planning include: Product . First, the merchandise is split into categories for the purpose of planning. google_ad_height = 280; Empower merchandisers to select the right offering with a click. Merchandise and Assortment Planning (MAP) is composed of the following components: Strategic Planning In a strategic plan - also referred to as a business plan - … The primary goal of assortment planning is to specify an assortment that will maximize the clothing stores sales or gross margin. If you continue browsing the site, you agree to the use of cookies on this website. Merchandise Assortment Planning Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 50% considered Blue Yonder. A retailer adopting shotgun merchandising caters to a variety of market segments by expanding its product lines either by including a product item or product lines. Reviewed in Last 12 Months. Customers share their insight and experience on how daVinci products and services helped solve their challenges. 100%. Customers share their insight and experience on how daVinci products and services helped solve their challenges. HTML            The assortment planning process begins with a concept. As the seasonal plan evolves, inventory dollars are broken down into categories and further down to specific items. Why: Retailers increase sales, productivity (turnover), and margin while also improving customer satisfaction. Retailers should avoid the extremes in inventory turnover rates - extremely rapid and extremely slow turnover rates. As we began this chapter we discussed the merchandise management process. The Planning Factory offer a full service in all areas of merchandise, range and assortment planning You may need: An audit to measure the effectiveness of your current merchandise planning process; Assistance with implementation of 3rd party merchandise planning solutions; Design and implementation of custom planning solutions ; A quickly implemented off the shelf solution; Training … Organizing the Buying Process by Categories Categories is a distinct, manageable group of products or services , which are perceived by customers to be interrelated &/or substitutable. Aptos Assortment Planning and Buying can be used in combination with Aptos Merchandise Financial Planning, Forecasting, Allocation, Replenishment, PLM and Supply Chain Management capabilities, allowing you to leverage one single Merchandise Lifecycle Management Solution to plan, design, assort and deliver your collections. 0%. Optimized Order Fulfillment A full suite of merchandise and assortment planning solutions to be deployed standalone or mixed in to any other planning workflow. The Assortment Planning KGK-FMS. Set your study reminders. IT departments and vendors supplying and selling merchandise and assortment planning systems will also benefit from a better understanding of the key processes and best practices. Latest News. Why: Retailers increase sales, productivity (turnover), and margin while also improving customer satisfaction. However, it is not dependent from other category management decisions. Our end-to-end Merchandise Lifecycle Management solution empowers you to plan, design, assort and deliver your collections for maximum profit. - a specialty store or a general store. Aptos Assortment Planning and Buying can be used in combination with Aptos Merchandise Financial Planning, Forecasting, Allocation, Replenishment, PLM and Supply Chain Management capabilities, allowing you to leverage one single Merchandise Lifecycle Management Solution to plan, design, assort and deliver your collections. This time we address assortment planning. of the retailer, which are further assigned to specific categories. Style Assortment Planning. Resources. When forecasting sales, retailers should identify the stage of the lifecycle of the specific category, and should also determine whether the merchandise category offered is a fad, a fashion, a staple or a seasonal item, so as to plan merchandising accordingly. google_ad_client = "ca-pub-3862952639378901"; Available only in INDIA, Click below to view Get App. The primary goal of assortment planning is to specify an assortment that will maximize the clothing stores sales or gross margin. The assortment plan considers the financial objectives and seasonality of merchandise to ensure proper receipt flow. Planning for Profits and Precision Assortments, Assortment Planning in the Age of Omni-Channel Retailing, Thriving in the Era of the Empowered Shopper. These decisions affect both retailers and manufacturers supplying them. google_ad_slot = "7688968371"; That said, there are several types of products that you can include in your assortment, and you need to plan accordingly. With Aptos, every plan – at every level – serves the business throughout the entire merchandise lifecycle as Aptos Merchandise Financial Planning feeds Aptos Assortment Planning, and both of these are integrated with Aptos Forecasting, Allocation, Replenishment, PLM and Supply Chain Management capabilities. Everything needed to accurately forecast shopper and consumer demand to create seamless merchandise and assortment plans. GMROI is a tool that helps the retailer plan and evaluate the performance of the merchandise. Aptos Merchandise Financial Planning helps you manage the complete range of critical financial planning functions, from strategic planning and budgeting all the way to in-season plan adjustments. Assortment planning is based on qualitative and quantitative data that together contribute to … Assortment planning is done majorly to ensure that customers are alloted products in a balanced way. Integration & Deployment. Top 5 Retail Assortment Management Software4.3 (86.67%) 3 ratings The assortment planning process is a very integral aspect for retailers. Achieve corporate goals by creating profitable merchandise, channel, and assortment plans. Merchandise planning is a data-driven approach to selecting, buying, presenting and selling merchandise to maximise your return on investment and satisfy consumer demand. How: By identifying store level opportunities as well as how much (breadth of assortment) and in what quantities (depth of assortment) should be carried in a merchandise category. Omnichannel: Multiple Inventory Pools are Good, But is one Pool Better. Distribution based on 2 ratings 100% Would Recommend. Assortment planning is about making the right product picks and ordering the right quantities to match market demand. With increasing implementation k… We'll email you at these times to remind you to study. SAP MAP extends beyond the four key planning areas - strategic, location, merchandise, and assortment planning - to integrate with markdown planning, shelf optimization, style management, purchasing, and allocation functions. Merchandise Assortment Planning Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Manage merchandise financial planning end-to-end, from strategic planning to planning by attributes, while keeping your financial plans and open-to-buy controls firmly in place to achieve your margin and inventory investment targets. Powerful, integrated planning modules drive higher profitability season after season. Perfectly align your offerings with your customers, markets, channels and locations by matching product attributes to customer segments, and creating localized collections based on customer tastes, financial requirements and space capacities.             PDF, Click below to view A thorough analysis of this trade-off helps the retailer answer the most significant question – what kind of store will it be? This part of the process is known as assortment planning, Let’s talk about the What, Why, and How of Assortment Planning. Company. Assortment plans must determine the ideal product ranges and price lines for each unique location, channel and customer segment. Explore. Assortment Planning Develop home-run products leveraging attribute-based analysis, data-driven insights and visual line sheets. Merchandise planning buying right kind of product, fixing a right kind of price providing adequate range of products through an appropriate assortment, and ensure adequate space to showcase and sell the product. EHP3 for SAP ERP 6.0 September 2009 English 764: BI Retail: Merchandise and Assortment Planning SAP AG Dietmar-Hopp-Allee 16 69190 Walldorf Germany Assortment plans should always take into account the greater business strategy and the set of goals that you pre-define. Allows you to model and forecast all your products and selling locations with a … 6. google_ad_width = 336; Top SAP Tables. Though rapid inventory turnover is necessary for the financial success of a retailer, any attempt of the retailer to push the level of inventory turnover to the maximum will lead to frequent stock-outs and increased costs. Aptos Assortment Planning, a consistent leader on Gartner’s Magic Quadrant for Retail Assortment Management Applications, empowers your planners to optimize your entire assortments, from stores and clusters to customers and segments, throughout the entire item lifecycle. This plan … You have to make sure you have enough merchandise to fill customer demand. Latest News. Inventory, markdown and profit targets must be established at the start of every planning cycle. EHP3 for SAP ERP 6.0 September 2009 English 764: BI Retail: Merchandise and Assortment Planning SAP AG Dietmar-Hopp-Allee 16 69190 Walldorf Germany 1. Even as ideas are being formed and fashion trends emerge, merchants need to begin by understanding customers and measuring demand. All SAP Alternatives . Assortment Planning is about deciding the number of each product that will be bought to make sure the demand is met. The GMROI for a specific category of merchandise is calculated on the basis of the overall financial objectives,