A solution to the number one reason retailers struggle with Anaplan
The ability to measure your clienteling effectiveness provides important insight into the type of customer experience you are attempting to create.
The average initial inventory at wholesale price (AIW) measures the beginning inventory (BOP) valuation at wholesale full price. The AIW is usually measured at the start of a fiscal period or at the start of a fashion season. This price is used to determine if the assortment for the period/season is sufficient to meet the financial objectives in the buy sheets, sales plan, or the merchandise plan.
The average initial inventory at retail price (AIR) measures the beginning inventory (BOP) valuation at full price. The AIR is usually measured at the start of a fiscal period or at the start of a fashion season. This price is used to determine if the assortment for the period/season is sufficient to meet the financial objectives in the buy sheets or the merchandise plan.
The average units per transaction, or AUT, is a primary Key Performance Indicator (KPI) that measures the average number of units purchased in a typical transaction value. The AUT is used as a lever to increase or decrease sales and margin.
How much is your customer worth? Find out with this important calculation.
How machine learning can detect sales trends and enhance your retail sales forecasting.
Technology plays a crucial role in assortment planning, but the process still requires a buyer’s insight.
Critical factors for a successful retail digital transformation roadmap.
Introduction Units of measure, or UOM, is important to consider because we need to decide what inventory valuation we're talking about. For instance, if I say sales, am I referring to the units, the cost which I paid, or the retail the customer paid? I will be...
A discussion of the Inventory Balance Set, an essential retail calculation. Part 3 of 3, Perspectives and Types.
Use variable response smoothing, or VRS, as a machine learning method for demand forecasting.
Use sales profiles for forward-looking demand forecasts.
Use exponential smoothing as a quick way to detect trend in your demand forecasts.
Use moving averages as a quick way to obtain a forecast.