What should I look for in a Wssi?

What should I look for in a Wssi?

What to look for in a WSSI?

• Easy analysis. Whilst dealing with very complex information, one of the best attributes of any WSSI is powerful, rich functionality, with a simple, easy user interface.
• User adoption.
• Powerful decision making.

What is a Wssi?

WSSI stands for weekly sales, stock and intake and it usually takes the form of an application which is used by companies to plan and monitor sales and stock on a weekly basis. A WSSI allows retailers to efficiently manage stock based on a sales forecast and actual sales and stock information.

What is stock intake?

This is the number of weeks it will take to sell through your stock. The retailer should have a target number that it should aim to achieve on average (it will fluctuate based on key selling periods & large intake quantities).

What is retail Wssi?

WSSI stands for ‘weekly sales, stock and intake’: it’s a merchandising tool that calculates and reports on levels of current and future sales and stock. What are the benefits of a WSSI? Avoid under-buying in on-trend areas, giving lost sales… …and avoid over-buying, leading to high markdowns and lost opportunities.

Why do retailers adopt open to buy?

An open-to-buy plan is a purchasing budget for future inventory orders that a retailer creates for a specific period. It helps a retailer stock the right amount of the right products at the right time by showing the difference between how much inventory is needed and how much is available.

What is an intake system?

The intake system is responsible for delivering oxygen, which is necessary for combustion. An intake system generally comprises an air filter, a throttle, and passageways for air to reach the cylinders themselves. There are several main types of intake systems.

What is better a cold air intake or stock intake?

In theory, a cold air intake can add horsepower and improve gas mileage. The added performance is a result of a colder, denser charge of air. The free-flowing inlet pipe allows less turbulent air that is moving faster and contains more oxygen than stock systems.

What is intake in retail?

Intake margin is the margin you get when you sell the product at full price, without any discount. It is called “intake” because this is the initial price you have set the product at when you first received it.

How OTB is calculated?

OTB budgets measure multiple factors, but one of the most important things they gauge is your inventory turnover ratio. Inventory turnover ratio, or turn rate, is calculated by dividing sales by inventory. For instance, if a company sells $20,000 and holds inventory of $12,000, its inventory turnover rate is 1.7.

How do intakes work?

When you install a cold air intake, you move the air filter outside of the engine compartment so that cool air can be sucked into the engine for combustion. This cool air is denser with oxygen, which means there is more fuel for combustion and more power for your vehicle.

What is revenue intake?

Order intake and revenue are measuring tools of business sales living on opposite ends of the production spectrum. Revenue is the figure representing cash from the sale of assets, goods and services. Order intake is a measure of company production in terms of customer offers to buy products or services.

How do I increase my OTB?

Bring forward an incoming stock and readjust the planned intake for the next month. Increase the next order if your order is not able to be shipped earlier. Bring forward planned intakes, while increasing the buy to make up for the difference in intakes. Adjust the product prices to align with market expectations.

What does OTB mean merchandising?

What is open-to-buy? Open-to-buy (OTB) is an inventory management strategy that helps retailers calculate how many products they need to buy. This includes physical inventory on hand and in transit, as well as any outstanding orders.

What is intake process?

An “intake process” refers to having a well-defined method by which work is picked up by technology. It is the bridge between the group of business stakeholders defining what is to be worked on and the technology group that will build it.