New York, NY (PRWEB) August 05, 2014
Enhanced Retail Solutions (ERS), a leading provider of Software-as-a-Service (SaaS) retail analytic and demand planning solutions to suppliers, licensors and their retail trading partners, today announced a new Sourcing Matrix and Planning System. This management tool tracks, plans and ranks direct suppliers (factories), creates and manages item plans (production) and provides long term strategic planning by country and product category. Without such a system Sourcing Managers, Directors and VP's have a hard time managing their plans (Excel can only take you so far), don’t know until it’s too late if they are under or overbought against a budget and don’t have visibility to the financial viability of their direct sourcing business.
Additionally, it provides the capability to import data from internal systems, including item descriptions, PO data, unit quantities, FOB costs, retail prices, etc., so that both forecasts and actuals data can be viewed and analyzed together. The system also contains a database of suppliers, factories and countries used throughout the system and provide visibility of production plans across those metrics. It integrates with Retail Synthesis (ERS’ Business Intelligence Software), allowing the Sourcing/Production team to create virtually any report to track progress at higher levels, analyze forecasts across categories or divisions, and provide vendor recaps, scorecards and executive decks based on each team member’s area of responsibility.
Most organizations with an assortment containing private label merchandise struggle with the management, planning and tracking of their sourcing matrix. In fact, many are still using homemade Excel and/or Access solutions. ERS was asked by a major retailer to develop this software.
“We are honored to be trusted by one of the country’s leading retailers to build this unique software,” said Jim Lewis, Founder and CEO of Enhanced Retail Solutions. “We see this software having application to other retailers – and manufacturers as well.”
About Enhanced Retail Solutions LLC:
Enhanced Retail Solutions is a software and consulting firm specializing in Retail Analysis and Demand Planning for manufacturers, licensors and their retail partners. ERS' state of the art software tools and consulting deliver critical data quickly, easily and cost effectively, adding over one hundred million dollars to their clients' bottom line. ERS' broad customer base includes industry leaders in the electronics, consumer products, apparel, footwear, home textile, toy, home décor, home improvement, housewares, jewelry and food industries. Headquartered in New York City, Enhanced Retail Solutions has offices in the Dallas, TX and development in the US, Cork, Ireland and Delhi, India. For more information, visit http://www.EnhancedRetailSolutions.com.