Merchandise Financial Planning
Manage the entire process, from pre-season and in-season management, to planning new locations, to creating accurate Open-to-Buy budgets.
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JustRight
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The all-in-one, end-to-end retail planning solution
Advanced, omnichannel demand management technology designed to help you make better business decisions that drive revenue and market share.
25%
Increase in inventory turns
Decrease in value of stock on-hand
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20%
Decrease in time spent on replenishment and planning
30%
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Decrease in inventory costs
35%
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*Benefits of Amicis JustRight may include the aforementioned results
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Merchandise Financial Planning
- Pre-season and in-season management by product department and location
- Advanced Open-to-Buy budgeting
- Ability to create sound location financial plans
- Location Clustering/Grading, which ensures products are in the right place at the right time to maximize their selling potential
- Dynamic and flexible exception-based reporting
- Integration of store space constraints into range and assortment planning
- Advanced range planning by selling channel and location grade
Assortment Planning
Plan your assortments with ease and accuracy, while ensuring that all of your selling channels are aligned. No matter how and where your customers shop, they'll find what they are looking for.
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- Create localized assortments at the group level, with the ability to override by exception for the individual store
- Build pre-season plans and in-season forecasts via option planning, which lets retailers plan at deeper levels
- Range Width Planning defines the breadth and structure of your assortment, ensuring that the range performance will meet merchandise plans and location expectations
- Set optimal minimum display stock by location grade for improved order planning and replenishment
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Inventory Planning & Replenishment
Drive higher profit margins and lower inventory carrying costs with a solution that provides end-to-end visibility, ensuring that your products are in the right place at the right time.
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- Keep pace with trends and seasonality
- Gain access to advanced inventory modelling capabilities
- Create an inventory plan that considers vendor lead times and selling channel requirements
- Cost-effective ordering plans compute replenishment need for every product, down to individual SKUs, at every location and against targeted service levels – they even calculate component requirements for manufacturers
- Orders can be configured to meet the needs of your supply chain – for example, set the system to utilize container space, meet weight limits, consider manufacturing resources, meet order minimums, order in multiples, etc.
- Statistical forecasting and predictive analysis ensure inventory positions are in line with merchandise financial plans
- Improve replenishment with constraint-based purchase order creation and exception-based order review
Find out more
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Assortment Planning
Assortments that build brand loyalty, without breaking the bank
Build assortments that differentiate your brand in the marketplace and also meet financial targets with Amicis JustRight’s advanced Assortment Planning functionality.
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In-Season Management
- Re-forecast performance based on trends, seasonality and lost sales
- Leverage exception management capabilities that allow for retrending in mid-season
- Leverage a pull-based approach to replenish to stores based on their specific needs
- Quickly and efficiently model the effects of promotions for best-possible execution
Range Width Planning
- Benefit from empirical rationalization of assortment breadth and depth
- Vary assortments across clusters based on anticipated market trends and available space
- Size assortments according to demand, as well as better understand the impact of changes to the assortment
- Ensure range performance meets merchandise plans and location expectations
- Set ideal minimum display stock by location grade, which drives ordering and replenishment
Location Clustering
- Leverage multi-dimensional, dynamic clustering across time and at any level of the product hierarchy
- Drill down to the sub-department level to define options per unit of space
- Meet specific cluster requirements with integration to assortments and line planning
Option Planning
- Facilitate all-encompassing product selection and inventory planning approach
- Create a pre-season plan and in-season forecast for each option, helping to better manage risks and opportunities
- Leverage an iterative planning approach by combining both top-down and bottom-up planning capabilities
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INVENTORY PLANNING & REPLENISHMENT
Bring unmatched flexibility, accuracy and automation to your inventory planning and replenishment process
Amicis JustRight’s Inventory Planning & Replenishment offering streamlines demand forecasting, order planning and replenishment for retailers.
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Allocations
- Construct multiple allocation strategies and evaluate projections for each
- Maintain visibility into the flow of inventory and stock holding across the warehouse, store, product attributes and hierarchy
- Initiate allocation based on anticipated performance
- Reserve the ability to push current channel inventory, incoming purchase orders or stock on hand
- Receive stock, sales and future allocation recommendations
- Add demand for special events or promotional activity at any level
Demand Forecasting
- Plan strategically, assured that your allocation and replenishment processes will align with the financial plan
- Get demand-driven, best-fit forecasts that accommodate trends, seasonality, lost sales, supersessions, as well as manual adjustments
- Quickly and efficiently adapt to shorter product lifecycles and decreased manufacturing lead times
- Align inventory positions with merchandise financial plans via our forecasting and predictive analysis technology
Replenishment
- Account for both the demand forecast and current inventory plan by creating forward-looking, time-phased ordering strategies
- Determine the most cost-effective order quantity based on target service levels
- Apply order constraints to reach value targets, order targets, or to fill up containers
- Avoid poor forecasting outcomes like stockouts, overstocks, product obsolescence and lost sales
- Automatically generate purchase orders and transfer orders
- Redistribute products throughout their lifecycle based on performance
- Integrate the option forecast with the dynamic inventory optimization process for automatic ordering, distribution and replenishment
Inventory Management
- Build the most cost-effective ordering pattern with ABC classifications and enhanced service-level targeting
- Reduce inventory holding and excess stock with smarter forecasts
- Drive up profit margins and lower your inventory carrying costs
- Initiate allocation and redistribute products throughout their lifecycle based on performance
- Gain the ability to push current channel inventory, incoming purchase orders or stock on hand
- Receive stock, sales and future allocation recommendations
- Manipulate the statistical demand forecast, top-down, middle-out or bottom-up
- Add demand for special events or promotional activity at any level
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