MFP/OTB
Unify financial and operational planning within a single system
Lack of integration between financial planning and operational execution often leads to inefficiencies, misaligned budgets, and suboptimal inventory management. Unify the top-down budget plans with day-to-day operational replenishment planning.
RELEX Merchandise Financial Planning (MFP) and Open-to-Buy (OTB) solutions enable retailers to seamlessly align financial planning with day-to-day replenishment operations by utilizing a common system with up-to-date data, enhancing overall efficiency and profitability. RELEX OTB provides detailed visibility into supply chain and capacity constraints, enabling more informed, strategic decision-making.
A unified solution for financial planning, execution, and follow-up
Unify the typically disconnected financial planning and open-to-buy processes with end-to-end supply chain data and management within a single system. Enable more efficient planning using up-to-date F&R forecasts and projections, where factors such as supply, network, and capacity constraints are considered.
The automated tracking of purchasing against the planned targets in the same system enables optimal purchasing decisions in alignment with the OTB budgets, minimizing lost sales and optimizing inventory while reducing manual work.
Key features
Gain a cohesive approach to merchandise financial management
In the same system with forecasting and replenishment, RELEX MFP and OTB enable proactive budget management, a realistic financial outlook and optimized purchasing decisions to enhance overall efficiency and profitability.
Benefits
Ensure proactive budget management and optimized purchasing decisions
Improve financial performance, reduce operational costs, enhance overall efficiency, and enable more proactive and informed strategic decision-making.
Align financial targets with inventory, sales, and replenishment plans
Unifying financial planning with operational execution enhances overall supply chain efficiency, improves decision-making, and optimizes resource allocation. This leads to better financial performance and operational effectiveness.
Enhance financial planning with visibility into supply chain and capacity constraints
Improve the financial planning process for realistic and relevant plans to align merchandising strategies with operational realities, leading to better inventory management and improved profitability.
Make the best use of the unified financial and operational data
Enable both replenishment and financial planners to utilize detailed projection and forecast data without costly integration work. Utilization of a single system and data guarantees continuous alignment between organizations maximizing operational efficiency.
Create and track financial plans with highly accurate forecasts and projections
Effortlessly create financial plans using aggregated long-term demand forecasts in a unified planning tool. Maintain ongoing visibility into how sub-category plans influence overall category performance and top-level objectives. During the season, preemptively address projected gaps to optimize financial outcomes.
Achieve proactive execution and budget management
Maintain forward-looking visibility into gaps-to-plan, leveraging accurate bottom-up projections and automatically calculated proposed actions for gap closure. This helps ensure that supply plans are aligned with financial targets and operational constraints while maximizing product availability and sales.
Resources you might be interested in
We’ve accumulated a wealth of supply chain & retail expertise from our 1,500+ planning specialists.
How to take inventory planning to the next level
The supply chain isn’t growing simpler. It’s time for retailers and wholesalers to reevaluate their inventory planning processes.
Demand forecasting for retail and consumer goods: The complete guide
This guide helps retailers and consumer packaged goods (CPG) companies establish a strong foundation for demand forecasting best practices in the supply chain environment.
Retail sales & operations execution (S&OE): 4 foundational capabilities for managing disruptions
An effective S&OE process ensures retailers meet their sales plans without suffering from poor product availability or costly operational firefighting.
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