Given that many existing planning systems were developed and installed in the 1990s, optimizing planning decisions means evolving your people, processes and technology toward a new level of cooperation and flexibility. It’s time to overhaul your planning, allocation and replenishment activities. Time to balance product and store plans. Run “what-if” scenarios. Create demand-driven assortments. Use virtual warehousing to maximize stock availability. Invest in merchandise to cost-effectively serve all channels.
In the podcast, Retail Planning in an Omni-Channel World, we discuss in-depth each of the following “to dos” of omni-channel-driven changes that need to happen: