Get a deeper understanding of your retail business
The information you need to address inventory challenges before they happen.
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
Stock sustainability
Simple category management
Forecast and plan KPIs
Multiple locations and outlet types
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.
Owners
Managers
Buyers
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.
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Build a Buying Plan NOT a Spending Plan
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Manage inventory by category
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Forecast and plan KPIs
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Manage multiple sales channels
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Focused views of key metrics
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Review and approval by role
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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.
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Plan
Generate your category plan based on past performance, then adjust it to reflect your current objectives and market trends. -
Approve
Sign-off your plan, then act on it. -
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
Lock-in your actual results for the current period, and sign-off your plans for the next one.
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!