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Getting Case Pack Optimization Down to Size
For retailers, assortment planning remains one of the most difficult functions to execute successfully. A strategic assortment plan must be converted into a good purchase and allocation plan. Getting the right size mix of product into stores is essential to profitability and customer satisfaction. A failure in this area — especially with the fringe sizes — can result in lost sales and under-servicing valued customers at one extreme, and steep markdowns at the other. Most critically, retailers face out-of-control picking costs at the distribution center if they cannot ship and handle only full, optimized cases.
During this web seminar, i2 and Columbus Consulting will discuss the importance of translating assortment plans generated at the style/color level down to the size level based on size profile algorithms. The speakers will explore the business processes that occur after the assortment plan is created: size buy and case pack optimization right through to the point of allocation. The discussion will also address costs, benefits, and how case pack optimization ties back into the initial strategic plan.
Free Web Seminar: Getting Case Pack Optimization Down to Size
When: Wednesday, November 30, 2005, 11:00 am Eastern
Speakers:
Richard von Hirschberg, Senior Retail Process Consultant, Columbus Consulting
Ijaz Parpia, Director of i2 for Retail Development, i2
Jayaram Krishnamurthy, Retail Solution Strategist, i2
In this web seminar you will learn:
· Why executing on a strategic assortment plan at the size level is critical for retailers’ success
· The architecture and processes of the i2 for Retail solutions for size buy and purchase order planning
· How size-level plans serve as the basis for raising purchase orders
· Complications and obstacles of planning at the size level
· Bottom-line benefits that can be achieved through size buy planning — including fewer broken size-run issues, reduced distribution and handling costs, and improved planner productivity — as demonstrated through a hypothetical company scenario
· How to translate high-level financial targets into styles, colors, and sizes that planners need to buy
· How to ship as much product as possible in pre-packs or “musicals”
· How i2 for Retail solutions can help determine the right case pack size and the size run for the pack
· How the need for pair or item-picking at the distribution center can be reduced along with the accompanying handling costs
· The chain-wide buying decision as well as the store allocation of the packs
