Are stock outs and overstocks an issue for you? Do you have challenges with managing inventory?
Inventory and merchandising management is one of the biggest challenges that any multi-store retailer faces. The day to day complexity of getting the right mix of products at individual store level requires the systematic management of stock levels combined with customer insight and allocation / assortment techniques.
Inventory and merchandising management requires strategic thinking with precision execution! Yourcegid Retail provides retailers with the ability to monitor and manage multiple sales channels and have visibility of inventory positions at all points in the retail chain. All this information is provided real-time to enable you react quickly to changes in your market.
Yourcegid Retail is fully integrated to support end to end inventory and merchandising management functions and has been developed using a combination of Cegid’s expertise in speciality retailing and the experience of implementing software solutions in over 1,000 retailers across 70 countries.
The bottom line benefits of Yourcegid Retail inventory and merchandising management include:
- Increased margins
- Reduction of unsold inventory
- Optimization of merchandising mix
- Reduce stock outs and overstocks
- Allocation of stock by location
- Reduction of markdowns
- Improve supplier relations
Key Functions
- Database management: products, prices, suppliers etc.
- Assortment and range planning
- Monitoring and management of purchasing and imports
- Inventory management, replenishment optimization
- Management of procurement cycles
- Price optimization, sales and discounts
- Promotions, CRM, sales events and marketing
- Multi-channel management
- Management of international locations: own-label stores, concessions, agents, franchises etc
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