--- title: How It Works description: Past performance, opportunities, threats, potential … and no surprises! Have a clear understanding of monthly data and eliminate the element of surprise. --- [Go Back Up](https://mfp.net.au/how-it-works#top) [Skip to Content](https://mfp.net.au/how-it-works#body) - [Login](https://app.mfp.net.au/) [![mfp_logo-b](https://mfp.net.au/hs-fs/hubfs/mfp_logo-b.png?width=123&height=30&name=mfp_logo-b.png "mfp_logo-b")](https://mfp.net.au) Toggle Menu - [Home](https://mfp.net.au) - [How It Works](https://mfp.net.au/how-it-works) - [About](https://mfp.net.au/about) - [Join the Waitlist](https://mfp.net.au/waitlist) # Get a deeper understanding of your retail business The information you need to address inventory challenges before they happen. ![Retail Counter Person](https://mfp.net.au/hs-fs/hubfs/Retail%20Counter%20Person.jpg?width=2048&height=1365&name=Retail%20Counter%20Person.jpg) MFP tells a story ## Past performance, opportunities, threats, potential … and no surprises! Having a clear understanding of monthly data, including cross-category effects on the business, eliminates the element of surprise. By demonstrating the impact of the buying team’s decisions on profitability, it becomes possible to increase profits through more informed decision-making. ### Stay ahead of tomorrow’s challenges Retail is a now-business. MFP doesn’t show you how to sell, but rather highlights data about your sales, inventory and other KPIs, so you can take action on your next buying cycle and save. ### ![Stock (1)](https://mfp.net.au/hubfs/Stock%20(1).svg) Stock sustainability Make informed decisions about whether to continue stocking certain product lines, adjust inventory levels, or make changes to buying strategies in order to maintain an appropriate level of inventory that meets your customer demands, while minimizing excess or obsolete inventory. ### ![Categories (1)](https://mfp.net.au/hubfs/Categories%20(1).svg) Simple category management Accurately map MFP to your RMS with an easy-to-use category management tool. This helps you stay connected to your sales data and track product performance, giving you valuable insights to evaluate your objectives and modify purchasing strategies for predictable and manageable results. ### ![Forecast 1](https://mfp.net.au/hubfs/Forecast%201.svg) Forecast and plan KPIs Establish effective metrics to track the success and performance of your merchandise, comparing projected outcomes to actual results. Given how rapidly markets change, by using real-time, accurate information and improving your forecasting accuracy, you can better plan for demand per-item and maximize profits. ### ![Store Map](https://mfp.net.au/hubfs/Store%20Map.svg) Multiple locations and outlet types Add multiple locations, attached to the same organization – brick-and-mortar stores, online stores, factory outlets warehouses, or any other sales location. ## Align your team’s objectives and strategies MFP’s approach brings your whole team together in the planning and review process so everyone knows what’s expected and whether it’s being achieved. It ensures transparency of the process, and gets everyone on the same page, ensuring a timely, coordinated response to issues and opportunities, category-by-category, KPI-by-KPI. ![Small Business Owner Selling](https://mfp.net.au/hs-fs/hubfs/Small%20Business%20Owner%20Selling.jpg?width=2048&height=1365&name=Small%20Business%20Owner%20Selling.jpg) ### Owners Get a comprehensive, birds-eye view of your store’s inventory, sales and forecasts, and make informed decisions about your business. ![Retail Manager Working](https://mfp.net.au/hs-fs/hubfs/Retail%20Manager%20Working.jpg?width=2048&height=1367&name=Retail%20Manager%20Working.jpg) ### Managers Get accurate monthly data by location to effectively track and analyze category performance, and improve profitability. ![Woman on the phone working](https://mfp.net.au/hs-fs/hubfs/Woman%20on%20the%20phone%20working.jpg?width=2048&height=1365&name=Woman%20on%20the%20phone%20working.jpg) ### Buyers Get overall inventory and sales data with actionable insights and accurate forecasts needed to make informed decisions about future buying strategies to meet customer demand. ## Key Features Manage merchandise categories to improve forecasting accuracy and planning for demand. By measuring and monitoring the “vital signs” of your business, such as inventory levels, sales performance, and first margin, retailers can make planning decisions that minimize future risks, reduce markdowns and increase overall profits. - Build a Buying Plan NOT a Spending Plan - Manage inventory by category - Forecast and plan KPIs - Manage multiple sales channels - Focused views of key metrics - Review and approval by role - Key reporting and insights ## Make a habit of minding your business Focus on profitable decision-making by ensuring that the right products are available to your customers at the right time, in the right locations, and at the right price. You’ll learn how to increase sales, reduce markdowns and excess inventory, and increase your margins across all categories. MFP helps you build compelling range plan offers and go shopping for your customers with buying budgets that ensure your purchases meet customer expectations and achieve your profitability goals. - Plan - Approve - Review - Close Plan ![Plan 1](https://mfp.net.au/hubfs/Plan%201.svg) ### Plan Generate your category plan based on past performance, then adjust it to reflect your current objectives and market trends. Approve ![Approve 1](https://mfp.net.au/hubfs/Approve%201.svg) ### Approve Sign-off your plan, then act on it. Review ![Review 1](https://mfp.net.au/hubfs/Review%201.svg) ### Review At the end of every sales period, compare your actual results to your plan, assess their impact on future plans, then adjust your plans, if necessary. Close ![Forecast](https://mfp.net.au/hubfs/Forecast%201.svg) ### Close Lock-in your actual results for the current period, and sign-off your plans for the next one. ![Store Manager](https://mfp.net.au/hs-fs/hubfs/Store%20Manager.jpg?width=2048&height=1332&name=Store%20Manager.jpg) Your inventory is your biggest asset ## Get the most from what you’ve got Understand your true inventory needs, and how markdowns, margins, and merchandise mix are affecting your bottom line, then choose the best path going forward, based on what’s happening now. Focus on what’s in front of you, then broaden your view … it makes all the difference! Plans are worthless but planning is priceless! 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