magine this: a customer walks into your store, excited to buy their favorite item. They’ve been looking forward to it all day. But when they get to the shelf, it’s empty. Disappointed, they leave without buying anything else. This is the dreaded stockout scenario—a retailer’s worst nightmare. But with Increff Merchandising Software, stockouts can become a thing of the past.
Tackling Stockouts from Every Angle
At Increff, we know that preventing stockouts requires more than just a quick fix. It’s about addressing the issue from all sides. Here’s how our comprehensive software solution ensures your shelves are always stocked.
1. Assortment Planning Aligned with Sales Mix
Every time we distribute products, we create a customized assortment plan for each store. This plan aligns the stock mix with what customers are actually buying, ensuring you have the right products in the right quantities. No more guessing—just smart, data-driven decisions that keep your shelves full.
2. Perfect Size Ratio for Balanced Inventory
Using historical sales data, Increff Merchandising Software identifies the ideal size ratio for each product style. This means you’ll have a balanced inventory across all sizes, reducing the risk of running out of popular sizes while other sizes gather dust. It’s about keeping customers happy and inventory balanced.
3. Store-Style Ranking for Targeted Allocation
We dive deep into the performance of every store-style combination to find out which pairings generate the highest revenue per day. This data-driven insight allows us to direct the best-performing styles to the most profitable stores, maximizing your sales potential and ensuring that high-demand items are always available where they’re needed most.
4. Live Rate of Sale (ROS) for Precision Replenishment
Increff’s system taps into real-time sales data to calculate how quickly each style sells in every store. This live ROS information ensures our inventory recommendations are always up-to-date, reflecting the current demand accurately. By determining the optimal days on hand (DOH) for each style, we ensure you have just enough inventory to meet demand without overstocking.
5. Prioritizing Top Sellers for Consistent Availability
Top-selling styles are the heartbeat of any retail store. We identify these top sellers at each store level and prioritize their availability. This means your customers will always have access to their favorite products, driving repeat business and increasing customer satisfaction.
6. Proactive Pullbacks and Replenishment of Underperforming Styles
Our system is smart enough to identify underperforming styles and bottom sellers. We recommend pulling these items back to free up valuable space for more popular styles. This proactive approach helps you maintain a dynamic and healthy inventory, ready to meet customer demand.
7. Inter-Store Transfers for Optimized Inventory
Based on our store-style rankings, we facilitate inter-store transfers to ensure the best styles are allocated to the stores where they’ll thrive. This not only improves the overall health of your inventory but also helps to boost sales in underperforming stores. It’s about making the most of your resources and ensuring every store is stocked for success.
8. Event-Based Inventory Inflation for Peak Demand
We analyze historical trends for similar events to anticipate demand spikes. Based on this data, we recommend increasing inventory levels at stores likely to see higher traffic during events like holidays or promotions. Being prepared for peak demand ensures you never miss a sales opportunity.
The Bottom Line: A Win-Win for Retailers and Customers
Increff Merchandising Software doesn’t just prevent stockouts—it transforms your inventory management into a finely-tuned machine. Here’s how:
- Boost Sales: Ensure product availability aligns with customer demand, driving higher sales.
- Reduce Costs: Optimize inventory levels to minimize overstocks and reduce costs.
- Enhance Customer Experience: Provide a seamless shopping journey with consistently stocked shelves, improving customer satisfaction and loyalty.
- Gain a Competitive Edge: Stay ahead of the competition with data-driven inventory management.
With Increff Merchandising Software, you can say goodbye to stockouts and hello to a more efficient, profitable, and customer-friendly retail operation. Let us help you keep your shelves stocked and your customers happy.
Author: Summaya
