About Merchandise Financial Management
Merchandise financial management is part of the budgeting process for retailers targeting sales and inventory requirements which should be managed in the integrated form. The management involves the evaluation of consumer's buying habits and behavior for an effective plan, execution, stock merchandise. It is the whole process from strategy creation to the end evaluation in the retail organization. It is done to manage and ensure the buying assortment planning goes according to the strategic financial goals of the business. Merchandise Financial Planning is a high-level method to set an organization’s sales, margin, and inventory targets. In the duration of this method this step in the retail planning process, merchandise planning teams is able to plan their business without getting caught up in the lower-level details of the product hierarchy.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new solution launches, and collaborations as their strategies. Key players are exploring new areas through expansions and acquisitions across the world to avail a competitive advantage through combined synergies Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Logility Voyager Solutions (United States), First Insight, Inc. (United States), StayinFront (Singapore), Blue Yonder's (United States), Aptos, Inc. (United States), Oracle Corporation (United States) and Solvoyo (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Merchandise Financial Management market by , Application (Small-medium Size Enterprises and Large Size Enterprises) and Region.
On the basis of geography, the market of Merchandise Financial Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Merchandise Operations will boost the Merchandise Financial Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Merchandise Financial Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Usage of Merchandise Financial Management Software and Tools
Market Growth Drivers:
Need for Improved Plan and Increased Profits in the Business Operation and Growing Merchandising Activities Around the World
Challenges:
Stiff Competition in the Merchandise Financial Management Market
Restraints:
High Cost Associated with the Creating Products and Merchandising
Opportunities:
Rising Social Media Merchandising Business will Boost the Merchandise Financial Management Market
In January 2020, Aptos, Inc., a recognized market leader in retail technology solutions, announced that Shoe Carnival, Inc. one of the nation's largest family footwear retailers, will deploy Aptos' Merchandise Financial Planning, Assortment Planning, and Allocation and Replenishment solutions across its omnichannel retail enterprise.
Key Target Audience
Merchandise Financial Management Providers, Merchandise Financial Management Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.