• What is a Buy Management System

What is a retail buy management system (BMS)?

daVinci/

At daVinci, we've always been focused on helping retailers buy inventory smarter and faster. Previously, that meant assortment planning; today, it also includes merchandise financial planning as part of a holistic buy management system.

  • What is a Buy Management System

What is a retail buy management system (BMS)?

daVinci/

At daVinci, we've always been focused on helping retailers buy inventory smarter and faster. Previously, that meant assortment planning; today, it also includes merchandise financial planning as part of a holistic buy management system.

How Do I Get Control Over Markdowns?

Retail planning

Does this sound familiar to you? Planning accounts for promotional markdowns, and permanent markdowns. But promotional markdowns tend to come earlier in a product’s lifecycle and permanent markdowns happen at the end, causing an imbalance.

What’s Wrong With the Assortment Wedge

Clustering/

For centuries, retail planners and buyers have relied on the wedge to make assortment decisions. Okay, maybe it hasn’t been centuries. But the wedge has been in use for a long time. The idea of

How Much Are Assortment Planning Mistakes Costing You?

Retail planning/

At daVinci, we make assortment planning software to help retailers solve a few problems. Among other things – like automating manual tasks and providing a central hub for all the information the merchandise team uses

How To Buy Based On Customer Demand

Clustering/

Your customers have a lot in common. They all like your brand and enjoy your products, and a lot of them are wearing your fashion right now. But your customers aren’t a single uniform

Three Ways To Improve Your Assortment Planning Process

Retail planning

Assortment planning is the process of choosing which items to buy, and in what quantities by location, to ensure you have the best chances of retailing them profitably. Most retailers have their own unique ways

More Posts
  • What is a Buy Management System

What is a retail buy management system (BMS)?

daVinci/

At daVinci, we've always been focused on helping retailers buy inventory smarter and faster. Previously, that meant assortment planning; today, it also includes merchandise financial planning as part of a holistic buy management system.

How To Compete With Stitch Fix

Retail Technology

In just a few short years, Stitch Fix has become a major player in retail. From its founding in 2011, to its IPO just six years later, Stitch Fix has quickly grown from a Harvard

What’s Wrong With the Assortment Wedge

Clustering/

For centuries, retail planners and buyers have relied on the wedge to make assortment decisions. Okay, maybe it hasn’t been centuries. But the wedge has been in use for a long time. The idea of

Why Should I Upgrade From Excel For Assortment Planning?

Retail Technology

The tried and trusted tool of buyers everywhere has long been Excel spreadsheets. They’re cheap, malleable and they get the job done. But are spreadsheets the best tools for the job? No. There are lots

How Much Are Assortment Planning Mistakes Costing You?

Retail planning/

At daVinci, we make assortment planning software to help retailers solve a few problems. Among other things – like automating manual tasks and providing a central hub for all the information the merchandise team uses

Why You Need a Better Tool Than Spreadsheets for Assortment Planning

Retail planning/

Chances are, your company has been using spreadsheets to plan assortments for the last 20 years or longer. It’s pretty much the industry standard. You give buyers their templates, they punch in the numbers, and

More Posts

What Retail Can Learn From The Media Industry

Trends & Insights

In decades past, TV was pretty simple. Chances are you had an aerial that picked up three or four channels. You might be able to choose from NBC, CBS or ABC. TV Guide would tell

Retail’s Big Show: What We Learned at NRF 2018

daVinci/

Another NRF show has gone by, and thousands of retailers descended on New York to see what’s new in retail. And as always, daVinci was in the middle of it. Here’s what we learned at

What Makes Shoppers Frustrated?

Trends & Insights

It’s a lot easier to keep a customer happy than it is to recover them after a negative experience. That’s always been true, but it’s even more critically important now that customers have an unprecedented

You’re Too Slow To Compete (And What To Do About It)

Trends & Insights

Fast fashion has never been a more loaded term. Customers see styles on social media and want to buy them immediately. The biggest in the business, like H&M and Zara, count their time from concept

Are You Training Your Customers To Expect Markdowns?

Trends & Insights

Since the great recession of 2008-2009, retail customers haven’t been the same. While millions were out of work and losing their homes, paying full price at retailers fell out of style. The same attitude toward

Is Sales Volume The Right Metric For Clustering?

Clustering/

Clustering can be a tricky subject to wrap your mind around, but it doesn’t need to be. In the simplest of terms, clustering is just the process of grouping stores by their ability to

More Posts