Planning & Replenishment
The Product Life Cycle
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Good buying starts with a solid and
realistic assessment of what the sales goals are and what the
Inventory investment requirement is that will achieve those
goals. TOTAL Retail provides many tools that sound buyers
can employ in their arsenals. Comprehensive budgeting and
forecasting tools are found in the powerful, multi-location
“Open-To-Buy” module. Elsewhere in the
system, history-based requirements forecasting and trends
analysis give planners the edge when it comes to projecting
their future buys. Managing multiple locations and
selling channels? No problem. TOTAL Retail lets you
run your requirements forecasts for individual or multiple
selling locations and warehouses. Extensive selection
criteria lets you tailor your forecast to whatever level of
product group you need: Department, Sub-Department,
Category, Sub-Category, Style, and even single items or groups
of items.
TOTAL Retail provides all of the tools to
help you manage your Inventory investment.
Forecast realistic requirements, select
your best vendors, react immediately to trends, manage your
cash requirements, execute effective “Just-In-Time”
replenishment, and give yourself an added boost in the one
place where you will appreciate it the most...
the bottom line.
Effective planning is not exclusive to
inventory requirements. Customer Relationship Management,
Marketing, Advertising, and Promotions all play a key role in
ensuring the success of achieving those goals. TOTAL
Retail lets you create and manage your promotional events a
week, a month, or even a year in advance, with automatic
activation on schedule. Full promotion analysis tools let
you review the performance of previous events by product,
location, and media type. Tight integration with the
Purchase Order sub-system updates and provides direct access to
your promotion file from within your promo-item order creation
process.
Sound planning is just the beginning.
Buyers need to convert requirements forecasts into
Purchase Orders, negotiate prices, terms and delivery, then
receive and get those products onto the store shelves.
Vendor performance analysis, and multiple vendors per item are
just two of the strengths TOTAL Retail offers. Use EDI to
get orders to your vendor, receive confirmations, advance
shipping notices, and invoices. Direct access to open
orders and distribution plans through the integrated
“Warehousing” module lets your receivers plan in
advance of incoming shipments. TOTAL Retail’s
Purchase Order supports pre-distributed orders to multiple
locations, post-distributed, cross-dock, or direct-to-store
shipments. Integrated, automatic picking/packing slip
generation lets your warehouse turn deliveries around and get
them out to the stores quickly and accurately.
Cash flow. Cash flow. Cash
flow. To have successful cash flow management, you need
to see the whole picture. Sales proceeds need to be
monitored, with cash banked and credit/debit card transactions
processed without delay. Both short and long range cash
requirements must be calculated regularly with recurring items
(property leases, utilities, payroll, etc.) factored in along
with invoice payment to vendors and other suppliers.
TOTAL Retail’s “Centralized
Information” makes all of the vital information available
for Cash Requirements Reporting and lets you take advantage of
any available early payment discounts.
TOTAL Retail’s Multi-Channel
Commerce ability lets you keep your finger on the pulse of all
of your selling activity. “Centralized
Information” gives you access to the kind of instant
information that you need to advantage of new opportunities or
to become proactive in your responses to potential threats.
There are hundreds of specialized reports throughout
TOTAL Retail that provide the detailed information that you
need. Analyze sales, stock position, store and individual
sales performance, vendor contribution to profit, project
selling requirements, and much, much more.
A variety of "Just-in-Time"
Replenishment tools are standard in TOTAL Retail.
Replenish by Min-Max, projected selling requirements, or
one-for-one replacement. Use the TOTAL Retail Auto
Scheduler to automatically kick-off replenishment or run ad-hoc
selections by location, zone, region, style, item, etc.
Print picking documents instantly right in the warehouse
to expedite the process. Full “Bin
Management” and “Smart-Pick” logic gives an
edge to the warehouse, allowing them to get product out to the
stores without delay.
Auto Replenishment Features:
Create Min/Max levels for an item or a
range of items
Set levels manually on an item by location
basis; or by range selection; or by sales activity; or by
forecasted selling requirement, automatically adjusted when
seasonal and/or promotional items are detected. The operator
can establish default levels based on product groups, styles,
or on an item by item basis.
Replenish product to the stores by
Min/Max
Reorder quantity/reorder level
Forecasted selling requirements
Item sales activity (one for one)
Replenishment by stock movement allows stores to draw against merchandise
in the warehouse based on the sales activity over a period of
weeks, the projected number of selling weeks remaining and the
remaining stock levels in the store. Picking documents
can be instantly printed in the Warehouse to expedite your
distribution, with automatic Purchase Order generation to
replenish warehouse short-fills from the vendor.
