Category Management
Category management is a modern range of innovative management methodology, a set of technologies and tools to improve the efficiency of inventory management. Within these methodologies, the assortment is not seen as a set, but as a series of separate business units, each of which has its own targets for financial performance.
Advantages of Business-Qlik for Product Management Solution:
- total control over the category direction on key indicators of turnover and gross profit by Category in the "plan-fact" mode in the various regions;
- assortment optimization - identifying the most profitable groups, the rejection of unclaimed and unprofitable products;
- complete picture on the processes of formation of reserves, which results in correct and timely decision-making;
- purchasing just in time - the amount of procurement and period between purchases is optimal, given the specified level of service;
- warehouse planning based on forecasts of material requirements and commodities; minimizing overstocking and maintaining inventories of critical limits of the standard;
- guaranteed growth in gross profit by product category - at least 5% in each category (based on the experience in the U.S. and Europe).
Business-Qlik for Product Management Solution is necessary for your business, if you are experiencing the following:
- assortment is constantly "exaggerated" and needs to be constantly optimized;
- there is no understanding of what products and suppliers bring real benefits in this or that direction (category);
- it is necessary to have a tool for prompt access to relevant information about suppliers, inventory levels, shipments and orders;
- sales with the margin less than the minimum occur on a regular basis;
- supply or production disruptions are causing oversupply or shortage in your warehouses;
- the systematic accumulation of illiquid assets occurs;
- while planning out the supplies there is no understanding of inventory and optimal order is "+ / -" based on "expert" experience.
With Business-Qlik for Product Management Solution you can:
- form and optimize the product mix of directions (category): produce a comparative analysis of sales for the periods including like-for-like to SKU; determine the variety of assortment, "basic" and "experimental" assortment;
- analyze and control the pricing of suppliers' prices and costs to selling prices to customers and consumers;
- develop marketing activities to support and promote sales of goods;
- coordinate the development, implementation and maintenance of merchandising;
- analyze sales and profitability of individual products and categories as a whole;
- analyze sales during promotion campaigns and evaluate ROI;
- conduct ABC-XYZ - analysis of products and their categories in terms of sales and profitability;
- assess the volume and profitability of sales in the network structure, obtain the definition of contribution in turnover;
- analyze stocks: balances and transactions of goods for any period in the context of the entire company and individual stores, inventory turnover and the average implementation period, stock deficits and surpluses;
- calculate optimal inventory depending on the given level of service;
- conduct a comparative analysis of all data files on any criteria in tabular and graphical form;
- model profitability depending on various factors;
- predict sales based on different statistical methods and factors of seasonality;
- analyze the performance of sales plans and procurement;
- evaluate the performance of individual outlets;
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view all the information in the sections without any aggregation with details down to the original document.
Demo
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Order and Inventory Management -
Sales Management and Customer Analysis -
Equity Sales Analysis -
Sales Compass -
Pilotage Commercial
