LS Nav’s merchandising and replenishment functionalities help retailers save time and money by streamlining their inventory. LS Nav’s inventory feature allows for both automatic replenishment, including forecasting based on sales history, and manual replenishment with allocation planning for multiple stock locations.
The wireless inventory feature means that you can carry out all your store inventory processes on handheld devices, and your staff has live access to inventory on their POS at any time.
The LS Nav Allocation Plan is a powerful tool to prepare a season, preplan purchasing and decide how to distribute retail items. It supports the buyer in:
The system allows for manual replenishment of stock. For instance, retailers can decide for manual replenishment methods in cases when they want to push specific stock to stores or franchise partners.
Allocation can be managed in two different ways. With the distribute allocation method, total quantity of items is decided and calculated down to each store. The defined allocation method allows users to define pattern quantities for each distribution group, for instance size and color combinations. The allocation plan functionality can then automatically manage purchasing, transferring and sales orders according to the plan.
Use LS Nav to automatize basic replenishment tasks. The system’s automatic replenishment function supports five methods for calculating the quantities to reorder for stores and/or warehouses.
The replenishment module simplifies item distribution and planning, lowers item stock cost and provides a higher level of item availability in all of your warehouses and stores.
The system offers multiple classes of forecasting methods to catch all types of trends in sales history, including seasonality, holidays and annual events. The software solution also calculates safety stock levels basing on variations in sales, to achieve optimal inventory levels.
The Open-to-buy functionality allows retailers to control the amount of capital invested in products during the sales cycle.
Retailers can use this functionality along with allocation planning to gain total control over which products are available in any given store.
Open-to-buy can also be used to show the difference between how much inventory is needed and how much is actually available. The system calculates the difference including inventory on hand, stock in transit and any outstanding orders.
In retail there are constantly new trends to study and watch out for, including omni-channel strategy. Having the customer at the center of your retail business is vital for success. LS Retail can easily support your growth strategy, help meet demands and deliver results.
- Martin Walz
Managing over 11,000 product codes, more than 20,000 annual deliveries and thousands of product lines, required to have a reliable and robust software system that minimizes the chances of error.
- Albert Puigvert
Gran Jonquera Outlet & Shopping