The “Retail Collection Process” involves an analysis of the retail company’s processes, from collection creation, end of season analysis, buying budget (OpenToBuy), buying and selling strategies, stock management through to final visual merchandising.
This professional audit should be performed every 5 years.
The analysis is carried out both at the company’s premises and at Fair Play Bizlabs.
A highly professional external opinion enables evaluating the current processes, approaches, organisation, targets and responsibilities involved with product development and marketing. This type of assessment is fundamental to highlight any weak areas, which require strengthening to improve retail profitability and have a positive impact on the EBIT.
The project can take from a minimum of 4 to a maximum of 5 weeks, depending on the client’s complexity, size and geographic location.
The Retail Collection Process involves a team ranging from 1 to 3 experts at maximum, with always 1 senior expert. After a preliminary meeting with the company management, Fair Play consultants organise a series of meetings with the key company stakeholders to understand the corporate retail strategy.
A summary report with a diagnosis of the retail process, highlighting any weak areas that would be strengthened by means of a strategic correction.
Through our partners’ extensive experience in retail, we offer a tangible approach addressed to improving the collection and related processes, both strategically and in implementation. Transparent prices and respected time frames complete our offer.