“What impressed me the most was how it turned complex data into actionable insights. The demand forecasting feature helped me anticipate customer needs, leading to a significant reduction in overstock and understock situations.
This not only improved my cash flow but also enhanced customer satisfaction as we always had the right products in stock.”
-
Detailed Item Tracking: Input item numbers, descriptions, costs, and retail prices.
Sales Performance Analysis: Monitor units sold to date and calculate average unit retail (AUR) including impacts from loyalty programs or discounts.
Markdown Planning: Schedule future markdowns, estimate sales lifts, and calculate new price points.
Inventory Management: Track current on-hand and incoming stock to anticipate inventory levels at the time of markdown.
-
Interactive Spreadsheet: A robust tool for entering and calculating sales data and markdown scenarios.
Usage Instructions: Guidelines on how to effectively fill out and utilize the spreadsheet to track and plan markdowns.
Dynamic Calculations: Formulas to predict weekly sales, expected lifts from markdowns, and adjusted gross margins.
Strategic Planning Features: Tools to analyze the potential impact of different markdown strategies on inventory and profitability.
-
Retail Managers and Business Owners: Ideal for those managing seasonal product lines and needing to make timely markdown decisions.
Data-Driven Strategists: Helps professionals who rely on precise data to guide pricing adjustments and inventory control.
Markdown Efficiency Maximizers: Perfect for retailers looking to improve turnover and reduce end-of-season overstock.
Adaptable for Various Retail Settings: Useful across different types of retail environments, accommodating varying customer behaviors and discount sensitivities.