What is daVinci Merchandise Financial Planning?
daVinci Merchandise Financial Planning is a software application that gives retailers the ability to develop and manage to their strategic financial merchandising goals. Your planning team can identify opportunities to increase or decrease product category inventory investments according to trends, margin goals and merchandise strategies from senior management. These merchandise financial plans and detailed Open-to-Buy (OTB) plans provide a critical road map for buying and managing inventory levels to drive profitability and maximize inventory turns for every channel of your business.
Maximize your Potential in Every Product Category
- Analyze past results and current strategic direction to construct your merchandise financial plan by channel with visibility to the top hierarchy levels.
- Identify category opportunities to increase or decrease based on trend or forecast.
- Model what-if scenarios and multiple versions to keep track of conservative or aggressive strategies to achieve your financial goals.
Optimize Inventory Levels
- Connect your inventory planning to your sales goals by channel or at total level for maximum flexibility and visibility to meet demand.
- Incorporate markdowns and other reductions into your inventory and receipt plans.
- Leverage built-in industry best practice key performance metrics to improve your inventory investment.
- Account for margin influencers like shrink, transfers, returns and adjustments.
- Make comprehensive plans for promotional and/or permanent markdowns.
- Maintain constant visibility to key margin metrics for each channel and at total company to ensure your merchandise financial plans achieve profitability goals.
Pre-Season and In-Season Planning
- Robust plan seeding capabilities and seamless integration to in-season actualization reduces amount of manual data manipulation.
- Enterprise approval capabilities to protect plans throughout the enterprise: multi user; multi manager; streamlined approval process.
- Flexible in-season Open-to-Buy (OTB) planning to adjust to changing business needs.
Confidence in the Process
- Centralized multi dimensional database with guided workflow to ensure standardized planning for the entire team.
- Robust calculation engine provides team with confidence, single version of the truth, at any level by any channel or business. Use a top-down or bottom-up approach at any level of your merchandise hierarchy.
- Seamless integration with actual updates as well as buy reconciliation to daVinci Buying and Assortment Planning to ensure adherence overall financial plan.
Learn how GUESS? Inc. increased profits and improved productivity by adopting daVinci as its buy management system.
Additional Modules for daVinci’s Merchandise Financial Planning
Read more about how additional apps such as Forecasting can give you better accuracy of sales projections to satisfy customer demand.