Product control, Allocation, Replenishment, Inter Branch Transfers, Surplus Allocation

Unlike other lines of business, lifestyle retail cannot resort to long-term empirical data covering individual items, but plans and controls seasonal items and fast moving consumer goods. Therefore, historical data relating to similar products such as comparable qualities, item sizes, price ranges and branch-specific sales figures must be used.

Futura has developed an item profile technique that has been tried and tested for many years. This method also considers product characteristics, the branch and allocation profile and size weightings in individual branches. Taking actual demand as a basis, Futura guides the product to the first allocation, post allocation and rest allocation, replenishment and IBT. Requirements are calculated stochastically and adjusted on the basis of the daily changing sales quotas. This helps you to considerably reduce the volume of price reductions and to increase the rate of stock turnover.

If Futura is set up for ASP operation, the branches can be linked via the World Wide Web, i.e. the Internet. This way, the logistics, purchasing and controlling departments have company-wide access to the current branch data at any time and can initiate replenishment on the very same day if required.

Purchasing based on demand, product management throughout the company and an increased rate of stock turnover - all go towards providing the essentials for remaining competitive. This competitive edge enables our users to attain the growth they are aiming for.
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