Buyers: A Business Intelligence-based Crystal Ball
As a Buyer, you have to carefully manage the current season, while looking ahead to the next season and learning from the past. And there’s little time to spend analyzing mountains of data to support your decisions.
Buyers are expected to make crucial decisions at a fast pace to either maximize opportunities or address problems – and be ready to defend the logic at the next Monday morning meeting. You have to know which orders to cancel or accelerate and where to take markdowns or not. The QuantiSense Decision Orchestration Platform™ combines retail analytics, a Buyer Scorebook and a Playbook to help you:
- Better understand and manage inventory performance
- Know when to mark-down and liquidate, or withhold markdowns to preserve margins
- Respond to in-season demand and initiate, accelerate, or cancel purchase orders
- Analyze vendor performance
- Identify product quality issues and high return rates
Buyer Playbook
The Buyer Playbook uses finely-tuned exception reporting and retail industry best practices to pinpoint the most important problems and opportunities. Now you can take actions – based on insight – which will drive sales, maximize profit and better manage inventory.
Sample plays from the Buyer Playbook include:
| Play |
Function |
| Accelerate |
Finds hot selling items with insufficient reserve and with orders that may need to be accelerated to fill demand. |
| Cancel |
Finds on-order items with adequate or overstocked inventory that may need to be canceled or delayed. |
| Cut and Run |
Finds items that are in need of markdown based on sell-thru performance. |
| What’s in Reserve, Hot |
Finds hot selling items that are available in the distribution center reserve, enabling buyers to ensure effective supply chain. |