Software company SAP SE has launched a merchandise planning application for retailers, which it says enables easier planning for sales, margin and inventory.
The new tool simplifies top-down and bottom-up planning across multiple channels and along the merchandise hierarchy in order to help retailers meet company financial goals. It runs on the SAP Customer Activity Repository application, a data, planning, predictive and analytics platform.
“With increasingly connected consumers and heightened retail expectations, retailers need integrated, multichannel planning processes to keep up with changes in the marketplace,” said Lori Mitchell-Keller, general manager for global consumer industries at SAP. “The new SAP Merchandise Planning … is envisioned to allow retailers to simplify the planning process and take advantage of next-generation retail planning capabilities.”
SAP has also updated its Assortment Planning for Retail application that helps retailers localise product assortments, boost user efficiency, revenues, margins and customer satisfaction. The latest release enables easier planning for vertical fashion companies, allows for greater flexibility, and advances the software’s assortment optimisation features to help retailers decide which products to keep or drop and where to put them.
Both tools can be deployed either as part of an integrated software set or individually. They will feature at the NRF 105th annual convention and expo in New York City this week.
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