Merchandise Lifecycle Management in SAP IS-Retail

Merchandise Lifecycle Management in SAP IS-Retail refers to the process of managing the entire lifecycle of merchandise, from planning and procurement to sales and replenishment. This includes activities such as assortment planning, pricing, promotions, and inventory management.

Benefits for retailers:

• Improved efficiency: By streamlining processes and automating tasks, Merchandise Lifecycle Management helps retailers operate more efficiently.
• Optimized inventory: Retailers can better manage their inventory levels, reduce overstock or stockouts, and minimize carrying costs.
• Enhanced customer satisfaction: By having the right products available at the right time, retailers can improve customer satisfaction and loyalty.
• Data-driven decision-making: Retailers can leverage data and analytics to make informed decisions and adapt quickly to changing market conditions.