Buying and Merchandising
Martec's core competence is in merchandise management and supply chain management in grocery, hard lines and soft lines.
Our merchandise management experience includes all the processes for procuring and selling merchandise encompassing:
- Merchandise planning
- Assortment planning
- Open to buy management
- Purchasing
- Receiving
- Distribution
- Inter-store transfers
- Import management
- Sales processing
- Price management and revenue optimization
- Physical inventory
- Promotional management
- Inventory management
- Vendor management
Martec has carried out a wide number of merchandise management assignments. In each case, our objectives are to apply retail best practices to maximize turns and optimize GMROI (Gross Margin Return On Investment).
Some ways in which Martec has achieved these goals are through:
- Higher sales by improving inventory availability, achieved by better forecasting, replenishment and monitoring of product performance
- More successful promotions by ensuring inventory availability throughout the promotion, thus maximizing the promotion's effectiveness
- Improved control of purchasing, and hence inventory levels, through the use of best practice open-to-buy techniques
- Reduced inventory by ensuring the right inventory levels in line with sales
- Reduced markdowns, leading to higher margins, through improved purchasing and sell through management
- Improved margins through the use of zone pricing so that prices in individual stores reflect the competition and demography of each store
- Definition of business requirements
- Assistance with the selection of the package solution
- Project management of the implementation
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