Merchandise Financial Plan
Planning Prophet provides a straight forward, but highly flexible module that covers the many varied practices for higher level merchandise financial planning, as a ready to implement module. This module should closely fit your needs due to the inherent wide variety of approaches that can be handled within the Merchandise Financial Planning capabilities.
- Cost Method, and or Retail Method of accounting
- Plan at the appropriate level of the merchandise hierarchy to create an actionable open to buy
- Plan at the company "all" level, spread values down to individual business units (such as web, catalog, or multiple banners), or plan at the business unit level and see the total plan results aggregated to "all". (or any combination you wish)
- Select one of our many available mathematical methods of automatically creating inventory and receipt plans, or have us capture your own particular method to add to our capabilities.
- Automatically create base plan values through our advanced data seeding function by making business appropriate merchandising decisions as to the correct basis for the plan.
- Utilize our built in advanced analytical capabilities to quickly find "opportunities" whether pre season, on in season.
Merchandise Financial Planning as a module within Planning Prophet integrates to all other business processes that you may involve in your planning cycle. For example you may choose to apply the Merchandise Financial Plans as goals to your more detailed planning cycles, (such as store plans, or key item plans), or use them as a basis for comparison to these other plans if your approach is more "bottoms up".