When getting ready for a big game, basketball teams make their initial plan off past game footage. (Note the keyword: “initial.”)
But come game day, if Phoenix Suns’ center Deandre Ayton is under the basket, wide open, their point guard Chris Paul doesn’t pull back to run the play. Paul alley-oops it, serving the ball down the court, so Ayton can make the dunk.
Planning inventory works the same way. Except, most DTC brands make that initial plan, then that’s it. They don’t adjust it based on what’s happening on the court. Or if they do, it’s when the buzzer’s about to go off.
So, we’ve spent the past few months rethinking how you plan your operations. And what we realized is you could use an alley-oop. One that helps you reach your revenue goals with more confidence and less stress.
Now, we’re stoked to introduce 2 slam dunk new features that have the power to revolutionize your brand’s operations:
Here’s how they’ll help you win.
Making accurate operational plans was never easy, and it took way too long.
First, you had to enter thousands of data points. Then, you needed to chase down your team’s edits, so you could go back and fix the errors that somehow made it onto the shared spreadsheet. It took days, if not weeks.
And if you didn’t catch all the broken links and accidental mis-entries, your plan, well, wouldn’t go as planned.
But with Cogsy’s new planning feature, your team can create accurate operational plans in seconds–without touching a spreadsheet.
Instead, simply move different growth levers (like your expected month-over-month growth or seasonality) inside Cogsy to see how they’ll affect your inventory levels and your expected revenue.
By mapping out different growth plans, your team can determine whether your plan’s predicted revenue fits your intended business goals. Then, proactively get ahead of your brand’s inventory needs and set yourself up for massive growth.
You can even track what’s really happening against your original plan in Cogsy. That way, your team can proactively pivot as soon as you know things aren’t going as planned.
With the new planning feature:
The best-laid strategies only work when you have all the information. And when it comes to creating accurate operational plans, that means understanding what’s happening in marketing.
After all, name something more embarrassing than running out of stock during your biggest sale of the year. Especially if the stockout only occurred because you had no idea this sale was going on.
That’s where our new marketing events feature comes in.
The new marketing event calendar aligns your marketing and operations teams around your growth initiatives. That way, you can make the proper preparations to fulfill the demand generated and actually grow your revenue.
Using the collaborative marketing calendar inside Cogsy, your marketing team can effortlessly communicate upcoming promotions (what SKUs it affects, when it’s scheduled, and the anticipated results). Then, we’ll automatically update your operational plan.
This way, you can visualize the anticipated jump in demand and place a purchase order with the extra stock needed to fulfill this demand. You can even forecast demand for a new product and actually make good on your promise to customers.
With the new marketing events feature:
Ready for your alley-oop? Log into your Cogsy account to start using these 2 slam dunk new features today. The faster you set them up, the sooner you’ll reach your revenue goals.
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