Connect with us

Press Releases

BIG Launches MAPS

It is driven by each client’s budget and goals, specific to their store.

mm

Published

on

(PRESS RELEASE) NAPA, CA — 2019 Buyers Intelligence Group, LLC (BIG) announced a new product to transform merchandise planning and buying at trade shows just in time for the Las Vegas shows.

BIG introduces the newest addition to its cloud-based platform for jewelry retailers: MAPS. MAPS (Merchandise Analysis and Planning System) finally answers the question, “What Do I Need To Buy?” Unlike other systems, which use ambiguous or generic factors to tell you what to buy, MAPS is driven by each client’s budget and goals, specific to their store.

Podcast: So What’s So Special About Trade Shows?
JimmyCast

Podcast: So What’s So Special About Trade Shows?

Podcast: What’s Your Instagram Lifestyle?
Keepin' It Real

Podcast: What’s Your Instagram Lifestyle?

Podcast: Shane O’Neill Tackles Overlooked Issues of Digital Marketing for Jewelry Stores
Keepin' It Real

Podcast: Shane O’Neill Tackles Overlooked Issues of Digital Marketing for Jewelry Stores

MAPS works in conjunction with real-time data from Balance to Buy and retailer defined turn, GP and inventory goals to create instant buying plans. These plans can be created for vendors, categories, or any combination. It allows users to create plans and budgets that buyers can quickly print and take to vendor appointments.

To ensure this product was filling a practical need, BIG collaborated closely with industry insider and BIG staff member Denise Sober. As the Buyer and Accountant at Occasions Fine Jewelers, Denise was an integral part of the creation of the MAPS program. “MAPS is based off a set of spreadsheets that I have personally used for Occasions over the last two years that Abe Sherman, my brother Mike Fleck and I worked on together. It allowed us to increase our sales significantly while reducing our inventory by $1,000,000,” Sober said. “MAPS uses real-time data from Balance to Buy along with the turn goal, gross profit, and/or inventory goals you set to print out exactly what you need to purchase. I implemented and used MAPS this January and my preparation time to go to the buying shows was cut from 2 weeks to 48 hours. And the best part was that just prior to leaving for the show, I was able to update all my plans to reflect current inventory levels and sales!”

MAPS is a game changer for individuals budgeting and planning for retail stores. It is offered as a stand-alone product for retailers that are not currently Balance to Buy clients. To learn more about BIG and MAPS, visit www.bigjewelers.com or contact BIG at [email protected].

Contact BIG for a demo or an appointment at the Luxury Show, CBG Show and the JCK Show by emailing [email protected] Find BIG at Luxury and JCK Show Booth L-109.

Advertisement

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

Promoted Headlines

Advertisement

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Facebook

Latest Comments

Most Popular