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Assortment Management

Assortment Management & Planning

Planning is a sophisticated, yet easy to use decision support tool encompassing Merchandise Planning, Store and/or Multi-Channel Planning, Assortment Planning and Allocation. Planning delivers a proven track record for return on investment in critical areas such as: improved stock turn, increased mark-ups, lower average inventory, increases in gross margin and cash flow.

Planning can be configured to meet the specific needs of your business and planning requirements. Alternate hierarchies, plan templates, and measures can be easily tailored to support pre-season planning, in-season re-forecasting, open-to-buy and critical analytics.

Planning has a three-tiered architecture and embodies best practices in retail planning methodology combined with state of the art technology. Designed to integrate easily with any external system, Planning is an open system, running on Windows operating system, utilising many industry standard databases.

Using powerful algorithms and statistical science and considering thousands of data points and business conditions Allocation provides the retailer with efficient and precise distribution decisions.

Allocation features methods such as Sell thru (Clearance %), Copy Allocation, and Performance vs Plan. Workflows with the specific worksteps of the planning process can be defined to guide the planning processes to suit your requirements.

Visibility to plans and open-to-ship, key performance indicators and store personalities enable allocators to accurately allocate style, color and size assortments

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In the early nineties Millers Fashion Club started with 1 store in Kippax Street, Sydney.   From the onset, Island Pacific, who were at that time an emerging business like ourselves, were an essential component in our IT strategy and provided us with an end-to-end solution that allowed us to grow to a business spanning 6 brands and 850 stores.   20-years later, we continue to share a close business relationship with Island Pacific who assist us with maximising our business potential."

Gary Perlstein, CEO
Specialty Fashion Group

 

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