Retail Analytics & Merchandise Planning – RAMP
When it comes to merchandise planning many retailers are restricted by a lack of timely and accurate information on their sales, stock turn and customer demand. The RAMP system is designed to give retailers insight into their performance and resolve their biggest dilemma – minimizing inventory stock while maximizing inventory availability.
Retail Analytics
Retail Analytics for Microsoft Dynamics RMS is designed to help retailers manage their business by delivering analytical reporting on business performance. Easily identify trends, buying patterns, seasonality, and other key performance indicators for your business.
Retail Analytics gives your organization a wide view of information. A few measures our customers analyze include:
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Margin
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Revenue
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Sell through rates
- Stock turn
These key performance indicators can then be viewed and compared by different dimensions such as: store, salesperson, department, item matrix fields, item, supplier and date/period.
You can easily drag and drop the fields into an Excel Pivot Table or use graphical analysis. The user can easily create a report such as:
- Product Margin - Which suppliers provide you with the best margins?
- Average Sale Dollars by Cashier – What cashier gives you the highest dollar value per transaction?
- Sell Through Rates by Store - Are you managing your inventory to stay within optimal stock levels?
- Sales by Time of Day - When are customers buying so you can staff accordingly?
- Quantity sold by Style - Size, color, etc. - what products are selling and which are destined to be clearance items?
You can also use multiple combinations to analyze things such as comparing revenue this year vs. last year in a line graph with the ability to restrict by Store, Supplier, Department, Item, etc.
Merchandise Planning
Retail Analytics can also be extended with an optional Merchandise Planning module for those organizations that want to further automate their purchasing and replenishing process. Retail Analytics with Merchandise Planning (RAMP) delivers the information required to analyze and effectively manage the inventory and buying processes. The system suggests store transfers and purchase orders that can be analyzed and fine-tuned by the buyer. Once the buyer approves these activities they are generated as transactions in the Microsoft Dynamics RMS.
Customers using RAMP achieve optimizations of current inventory availability as the solution utilizes slow moving inventory from other stores prior to purchasing additional stock from the vendor. Buying Managers also achieve greater control of buyers' spending budgets.
Get the right product at the right store at the right time!
Create model stock criteria to automate, calculate and adjust optimal mid-max levels at your stores. Effectively manage your stock by inventory leveling using Merchandise Planning. You’re able to automate the transfer of products in an advanced/complex distribution network.
Key Features
- Deliver information driving intelligent transactional processing
- Open to Buy functionality to control spending exceeding budget
- Utilization of existing inventory prior to purchasing additional inventory
- Forecasted or future sales of goods allowing you to do optimal product replenishment
RAMP delivers benefits including:
- Reduction of effort required in gathering necessary business information
to effectively manage the business - Increased revenue by more effective buying ensuring that merchandise
are in the store when required i.e. no 'stock outs' - Decrease inventory levels due to implementation of buying controls
- Increased profits by optimizing current inventory and reducing costs
See your data in action through Retail Analytics and Merchandise Planning.
Contact us at profad@profad.com to arrange a live demonstration.
Example of a Retail Dashboard available in Retail Analytics. |
MP Advisor allows you to view the details behind a replenishment suggestion to better understand the reason behind suggestions. |
Sales for an Item Department by Time |
Seeing is Believing
Retail Doctor Interview
We were able to integrate four previous systems into Retail Analytics (RA) giving us a single view of our sales and inventory for our stores and other businesses. This has eliminated duplicate entry of data and discrepancies among multiple systems. We have been using Retail Analytics for over two years and
highly recommend it to other retailers.
Richard Simms
Senior VP and GM Lehigh, Rocky Brands
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