A Torex Retail Solution | Compass Planning

Merchandise and
Assortment Planning

Passionate about retail

Compass Planning
Merchandise and
Location Planning
n Integrate chain level Merchandise and
Location planning processes weekly
n P
 lan Sales at Full price & Non-Full
Price, Inventory, Receipts and Margins
at multiple levels of Product, Location
and Time Hierarchies
n C
 onsider monthly variation in
consumer demand
n B
 reakdown merchandise plans into
collection of product based on delivery
n Develop plans for multi-channels
What Issues does it solve?
Challenge Benefits of the Compass Solution
Integrating The Merchandise & Store Plans feed the
Merchandise and Store groupings and Assortment plans,
Location plans with for complete integration
Assortment plans is
difficult
Developing and Solution supports multi-dimensional
managing complex locking, spreading, reporting and
plans is time exception reporting
consuming
Lack of visibility of Integration of data from all areas of the
data at all levels business, with consistency of plan and
actual roll-ups to all levels
Planning by Merchandise plans can be broken down
merchandise delivery by seasonality or launch collections, so
is too complicated that new and key item Assortment plans
can be driven from higher level plans
Store Groups – Volume – relative grading
Store Groups – Select/Review Attributes
Compass Planning
Assortment
Planning
n  uild targeted assortments based on
B and depth is difficult
customer focused location groups
n  lan assortments using placeholders
P Assortment plans
and defined items
n  enerate recommendation of items
G Store base is large
needed to meet plans or fit constraints
n  roup locations based on attributes
G
such as volume, space and climate
to tailor assortments to different
customers
n  ize and pack the buy based on
S
location specifc size profiles and
logistic constraints
Style Color Library
What Issues does it solve?
Challenge Benefits of the Compass Solution
Tailoring assortments Assortment plans are initialized from
using spreadsheets is targets and changes can be spread down
tedious to item by Store group to provide an
accurate plan with very few entries
Determining the System generated item counts and plan
appropriate breadth based seeding keep assortments focused
Reconciling Integration with Merchandise & Store
plans means that assortment roll-ups can
with Financial plans is be compared to higher level plans as you
difficult change your assortment
Rule based auto-ranking that groups
and varied stores by sales performance and other
criteria at varying product levels
Analyzing Reviewing the assortment by multiple
assortments by attributes (such as color and fabrication)
product attribute is dynamic yet simple
is manual and time
consuming
Introducing items Assortments can be tailored to different
into climate groups climatic zones, and distribution timings
at different times is can be offset by store group
difficult
Assortment Plan
Compass Planning

Allocation
What Issues does it solve?

Challenge Benefits of the Compass Solution

Allocations don’t The Allocation Strategy allows users to

reflect the decisions look at the full assortment in advance of
made in Assortment allocating, and after each allocation
Planning

Allocation is time Different use of allocation ‘methods’

consuming and means that allocations are performed to a
n  eview and update original
R tedious high standard all the time
assortment plans by location group
to reconcile with the latest store Decisions made at Constant visibility to higher level plans
performance time of allocation do when making allocation decisions leads to
not tie to financial better allocations
plans
n Manage Product workflow
Item lifecycle requires Includes methods that support initial
n  elect a size profile that will optimize
S more than one receipt and replenishment to FP and NFP
order constraints with store size need method of allocation stock and sales

Managing daily Built in workflow that allows you to be

n  xecute allocation using a method
E
activity is time more efficient
best aligned with item consuming

n  anage In-season Merchandise &

M Satisfying store need Allows for allocation of packs and singles
Store projections using Packs and based on store need
Eaches is tricky
n  llows for allocation of packs and
A
Allocation of Reviewing Allocations of co-ordinate &
singles based on store need coordinates is manual linked items is a standard step before
release of the allocations, meaning
n  eview allocations against targets and
R co-ordinates are correct by store
release, manage impact of allocations
on inventory against store plans Lack of exception Exception filtering allows for immediate
analysis means attention or correction
reviewing allocation
by store

Retail Insights Allocation strategy

Compass Planning

What’s so important
What Issues does it solve?
about workflow?
Challenge Benefits of the Compass Solution

Complex set of steps in Eliminate risk of incorrect processing:

many spreadsheet plans perform steps in the correct sequence

Planning takes too long Improved efficient (workflow) process, allowing

more time for decision making

Controlling the cost base Efficient scalable solution allowing you to grow,
as the business grows with a workflow guide to help new staff training
n  he unique Compass Planning
T
Vulnerability of loss of Tailored workflow and guide minimizes
workflow solves many planning key individuals dependence on specialist knowledge & allows
problems staff mobility

Lack of business best Advice from specialist consultants with years

practice of merchandise & assortment experience who
have developed best practice workflows for
your use

It takes too long to train Each step in the workflow has a training guide,
users to a good standard so new users learn to be effective very quickly

In your current system, The workflow integrates all modules

you get lost swapping transparently, so the user never needs to move
between different out of the workflow steps
modules

Compass Planning workflow

Merchandise & Location Planning In-Season Projections

Company Company Company Company

Location Plan Merchandise Plan Merchandise Location
Re-projection Re-projection

Department Department Department Department

Location Plan Merchandise Plan Merchandise Location
Re-projection Re-projection

Location Allocation Daily Allocation

Ranking Size Pack Strategy Product View

Style Colour Distribution Plan Daily Allocation

Count Plan Style/Color by Supporting Store View
Location Rank Data

Style Colour Size & Prepack

Blue Printing Assortment Planning Allocation Store View

Retail planning process

Purchase Orders
Torex Retail Americas
400 Scenic View Drive Cumberland RI 02864
Tel: 401-658-3900 Fax: 401-658-5234
Compass@torexretailna.com www.torexretailna.com

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