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Promos are effective marketing tools that get both loyal and new customers interested in what you have to sell. For this reason, it’s important that your store is able to manage promotions without trouble. One way is by making sure that on sale items are properly distinguished from the rest of your products to avoid confusion at the point of sale. This can be done using scalable, server-based or SaaS furniture software with merchandise planning capabilities.

Merchandise planning is a strategy used by retailers to maximize ROI through managing sales and inventory in order to increase profitability. This is done by attempting to maximize sales potential and minimize losses from markdowns and stock-outs. Careful planning ensures that even the lowest discounts generate more profit than a regular day of sales. This is why it’s important that furniture software is organized and built to support merchandise planning.

Ideally, software should help store owners strategize the best promotional plans that will satisfy both their customers and their business. From having an interface that shows selling price, suggested retail price, markdown price, and replacement costs, to being able to specify whether a product is active and sellable, the furniture software your store uses should present enough data to help you make the right executive decisions.

Creating retail promotions isn’t as easy as just marking down prices and placing a huge banner on your store that says “Big Sale”; an effective strategy has to be made to prevent huge discounts that could hurt your business. By using store software that has merchandise planning capabilities, store owners can devise successful promos that will boost sales like never before.