Given the high cost of retail space it’s critical that today’s retailers maximize the use of each square foot of store space and each linear inch of web space. But distributing this valuable space to your many categories and products in the most profitable manner can be difficult. JustEnough Space Planning eliminates the complexity by providing retailers with visibility into the gross margin dollars per unit of assigned space and helping them plan the future using space elasticity of demand.
The first step in space planning is capturing the historic space assignments of each product category. Users have the ability to specify space assignments over different time periods for more accurate analysis. Where the information is available, users can also specify assigned space at any product hierarchy level and the type of space utilized.
By matching the assigned space to sales revenues and costs, users can analyze the gross margin per unit of assigned space. This allows planners to quickly see what categories and products are delivering the highest revenues and margins based on space assignments. Planners can then make more informed decisions on allocating space in future time periods.
The JustEnough planning engine allows for the space elasticity of demand to be calculated and then used to project the effect on sales and gross margin of a space increase or decrease.
JustEnough automates the entire Merchandise & Assortment Planning process from the financial open-to-buy plans through to the lowest level of product and store planning. Learn More
Pricing and markdowns are an important part of your retail planning process. An effective pricing and markdown plan can drive incremental buyer traffic, reduce excess inventory at the highest possible prices and support effective product phase outs. Learn More
JustEnough takes the guess work out of space planning by providing planners visibility into the gross margin per unit of assigned space. The result is increased sales and profitability. Learn More