Open to Buy
“For how large our portfolio is with the breadth of teams we buy for, having Management One as a resource tool has been invaluable to us; I highly recommend Management One. It’s been a pleasure to work with Gord as he’s been a huge asset to our team! He’s helping us understand the opportunities and areas of focus; all of which will not only increase our revenues but improve our margins.”
-TRAVIS GRAVELINE
SR. MERCHANDISE MANAGER, HEAD BUYER
PAY ATTENTION
Successful retailers have a “zen” like ability to pay close attention to inventory positions. We all know how much capital is invested currently in holding inventory, but do we have a great target for a month from now? End of season? Most importantly, fiscal year end.
YOUR BUYERS NEED A MERCHANDISE BUDGET
Most retailers spend anywhere from 40% to 60% of sales revenue reinvesting in inventory. Having a merchandise budget based on sound financial merchandising principles is key. Have we factored in sales trends? Does our inventory turnover plan and gross margin plan tie back to company financial goals?
LEVERAGE YOUR PLAN
A well-calibrated merchandise plan empowers you to take decisive action. Because Management One plans are collecting data at close of each business day, weekly sales trends can be maximized.
FINANCIAL MERCHANDISING EDUCATION
Is your merchandising well schooled in key financial merchandising KPIs? Do they use data to make better decisions on purchasing and markdown cadence? Do they have a markdown budget based on the company’s financial gross margin goals?
INVEST IN YOUR FUTURE
Build for the future by investing in — and planning — omni-channel, brick and mortar, and online sales.
