fbpx [vc_row][vc_column][vc_column_text]How much time do you spend walking around your shop counting items that need to be replaced? Even if you don’t typically sell many of the same items over and over again, there are usually some ancillary items that you carry on a consistent basis. What if I told you that there was a way you could drop that clipboard and gain back all the time you spend counting those “fill-in” items? What if that whole process of ordering replacement inventory from multiple different vendors could be facilitated with the click of one button?

Welcome to the world of model stocks!

Not only will you find that utilizing model stocks is a significant time saver, you’ll find that it will ensure that you don’t miss one of the items that should be on your radar. RICS allows you to tackle the issue of deciding on your model stocks orders from a couple of different perspectives. First, after running the appropriate ‘Best Sellers’ or ‘Sales Analysis’ reports, you can decide for yourself which are the appropriate items to be put on model. Then it becomes as simple as deciding on the minimums and maximums you want to carry for each item, even down to the particular size. In RICS, this is easy to facilitate; you only need a number of items put into a grid: grid analysis After creating your models, you can allow RICS to generate an Automatic Purchase Order based on either those minimums and maximums in the grid that you designated as the models or sales performance. If you choose the sales performance route, you can use either ‘Sell-Thru’ percentage or replace just the quantity sold. Regardless, these simple steps can cut back the time spent on the replenishment ordering process by 90%. And don’t worry retailers, just because it’s an ‘Automatic Purchase Order’, doesn’t mean it will be automatically ordered. You’ll still be holding the reins of your wallet.[/vc_column_text][vc_row_inner][vc_column_inner width=”1/2″][vc_column_text] [/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]


Watch our free webinar featuring Paul Erickson (SVP of Client Services at RMSA) about open-to-buy, a financial strategy that helps retailers focus on accurate forecasting and selling strategies to help increase profits.
WATCH THE WEBINAR →[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]