Built-In Allocation Engine
Sophisticated grading, profiling, and forecasting rules determine the optimal quantity of product to ship to each store. Localized size profiles spread quantities across sizes to determine the actual SKU/store allocations.
Offers comprehensive tools to replenish store inventory from both warehouses and vendors, and to replenish warehouses from vendors. Incorporates statistical techniques for determining safety stock levels based on service level targets.
Whether it’s discounts and/or allowances applied to purchase orders, return-to-vendor agreements, rebates based on sales, purchases, or obsolete models on hand, or credit memos in support of markdowns, Mi9 Retail provides the tools to keep retailers competitive.
All of the information generated as a result of transaction processing is immediately fed to the Intelligence data warehouse providing one source of the truth. Retail merchants, operations, and financial personnel can access this central data repository for the critical decision-making information needed to effectively run the business, all in real-time.
The daybook provides precise reporting for merchants and ensures that other business processes such as planning, allocation, and replenishment are accurately supported. Because everything is recorded at the detail level, it is easy to track under stocks, overstocks, and out of stocks and provide accurate margin calculations, including the ability to correct costs, margins, and even cost of goods sold, with one entry.
Integrated Sales Audit
Eliminate the need for manual sales reconciliations by automatically identifying incorrect, missing, duplicate, or suspicious data or transactions and resolve errors prior to exporting the data to third-party financial systems.