The majority of retailers are using legacy technology for inventory, supply chain and distribution management. Failure to stay current with technology investments limits visibility into operations and ability to leverage big data to proactively manage inventory, predict trends, understand buying patterns, and meet customer demand.
This white paper looks at how modern merchandise financial planning (MFP) solutions and a template approach to planning provides retailers with the tools, insight and support needed to streamline decisions, optimize operations, support growth initiatives, and improve merchandising and supply chain processes. You’ll learn the advantages of an up-to-date merchandise financial planning solution and how the technology helps to increase efficiency, streamline distribution and optimize inventory.
The Bringing Sophistication to Merchandise Financial Planning white paper explores the different roles and levels of planning, including executive, manager and planner planning processes, and how retailers can align activities with business goals as well as:
- Improve merchandise performance
- Implement strategic supply chain processes
- Determine optimal product mix
- Support growth initiatives