Merchandise Management

The Midas merchandising function is designed to maximise sales revenue and optimise your ability to sell – balancing your available purchasing spend with the current value of stock available. By calculating current stock levels, sales trends and sales forecasts, Midas enables you to successfully implement your purchasing strategy.

Midas gives you complete control over stock, pricing and the allocation / replenishment of stock to stores, as well as auto replenishment of warehouse stocks, including standard, repeat and seasonal product lines. Forecasted sales are used to maintain store stock levels and Midas uses powerful business intelligence software to analyse sales trends and company wide stock levels.

Merchandise Management offers:

• Efficient stock replenishment – using pre-agreed levels, to ensure maximium product availability whilst carrying minimum stock levels. Avoids carrying unnecessary stock at any one time.
• Creation of rules specific to your business, facilitating better stock management
• Intuitive suggestions for purchase orders and stock transfers, automates the balancing of supply and demand
• Control of the procurement process to ensure optimum available stocks to meet sales targets
• Monitoring of sales patterns, stock availability, replenishment profiles and product lead times to maintain efficient stock levels aligned to the plan
• Open to buy – planning facility, includes a forward view of purchasing options in order to maintain your current stock profile. Open to buy gives you more control of your plan and identifies potential issues ahead of time.

Merchandising includes:

• Price management
• Promotions
• Budgets and forecasts
• Replenishment and allocation of stock
• Suggested transfers and ordering
• Monitoring of supplier performance
• Store profiling