What is 'slow seller management' in SAP IS-R - SAP for Retail?

slow seller management - Overview

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail The planning and implementaion of automatically-generated markdown proposals for seasonal goods.

slow seller management - Details

• 
  Key Concepts: 
  Slow seller management is a feature of the IS-R SAP for Retail component that helps retailers manage their inventory more efficiently. It allows retailers to identify slow-moving items in their inventory and take appropriate action to reduce their stock levels. This helps retailers reduce costs and improve their overall profitability. 
  
  How to use it: 
  Slow seller management can be used to identify slow-moving items in a retailer’s inventory. The system will analyze sales data and identify items that have not been selling well over a certain period of time. Once identified, the retailer can take appropriate action to reduce their stock levels, such as offering discounts or promotions, or discontinuing the item altogether. 
  
  Tips & Tricks: 
  When using slow seller management, it is important to set realistic goals for reducing stock levels. Setting unrealistic goals can lead to overstocking or understocking, both of which can have a negative impact on profitability. Additionally, it is important to regularly review the system’s results and adjust goals as needed. 
  
  Related Information: 
  Slow seller management is just one of the many features of the IS-R SAP for Retail component. Other features include demand forecasting, inventory optimization, and pricing optimization. All of these features help retailers manage their inventory more effectively and improve their overall profitability.