Retail Allocation

Benefits

Improve inventory

Reduce out of stocks

Vary products by store

Increase sales

Increase product margins

Execute to demand

Allocation to Successfully Execute Assortment Plans and Optimize Inventory

Retail Allocation software provides businesses with a quicker and more efficient process for creating and executing retail allocation plans. By translating customer knowledge, Allocation allows retailers to better allocate varying product assortments across the enterprise to increase profitability. Consumers are increasingly expecting a seamless, personalized and value-driven shopping experiences. Having the right mix of products available at the right time continues to be one of the best ways for retailers to earn their customers’ repeat business.

Retail Allocation software includes robust functionality, which makes overseeing allocation as easy as possible. Improved control of merchandising selection, deeper analysis and reporting features lend improved insight. To be successful at allocation, retailers need to understand and incorporate customer insights into the store product mix. Retail Allocation solutions help to do just that. With Allocation, retailers can create accurate, store-specific allocations for more strategic and tailored inventory and assortment plans. All of this enables retailers to plan, execute and manage complex allocations more effectively and efficiently.

Retail Allocation Features and Capabilities

Store Specific Assortments

Using up to date information, translate key consumer insights into pinpointed allocations that fine tune and optimize store-specific assortments across your entire retail organization. Group stores according to demographics, climate, grade, and location.

Scalability

With many allocation systems you can only select one or two items to allocate at a time. Now you can select 20, 40 or even 100 items at a time – or even an entire assortment to allocate and push through in one round.

Configurable Methodologies

Schedule merchandise to be automatically allocated using established allocation methods, allowing for “no touch” execution. You are free to create allocation details without being limited to a prescribed library of calculation methods. Test allocation strategies using a robust “what-if” analysis prior to execution and save allocation methods so that predetermined methodologies can be performed with a single click.

Allocation Accuracy

Leverage information to make accurate, date-driven decisions during the planning process. Translate insights into strategic inventory movements and replenishments to reduce overall safety stock across your organization. Calculate and execute allocation plans based on sales history, on-hand quantities and assortment plans.

Customizable Allocation Techniques

Retail Allocation software can also be customized for an extensive range of allocation techniques. Control allocations using templates, grading, model stock and minimum and maximum quantities. Allocate multiple styles at the same time and allocate merchandise in bulk or pre-packed formats.