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Right Buy
Calculates Order Quantity and Store Allocation for the Initial Buy of a New Product
Right Buy calculates an optimized Order Quantity and Store Allocation for new products based on user supplied forecasts or results from a product test performed with Right Test.
Determining the correct quantity and allocation across stores for a new product being introduced to a retail chain is perhaps the most crucial decision to be made during the product's lifecycle. It is critical that these values be optimized, as ordering too little can result in lost sales, while ordering too much inventory can become a burden on the supply chain that takes months or years to sell off at the expense of margin.
When combined with the results of a Right Test new product test, Right Buy will also factor in the base line forecast for the test in comparison to the actual test results to generate even more accurate results.