Providing practical business benefits
which are right sized, easy to implement and totally achievable,
our consultancy projects address strategy development, solution creation,
implementation, training and support for any retail or customer-facing
business need.
Buying - A retailer can only meet it’s
customer’s needs by buying the right product. Therefore
the processes that underpin the buying function are fundamental
to the retailer’s success. First Friday’s areas of
expertise include: trend forecasting, product development, range
building, sourcing, supplier management and critical path management.
Merchandising - Understanding your customer
is the key to success. Planning to ensure your range meets your
customers’ needs, coupled with robust processes for stock
and sales management, will ensure that sales and profit opportunities
are maximised. First Friday’s areas of expertise include
planning, forecasting, WSSI, stock management, price management
and analysis.
Stock distribution - The largest investment
a retailer makes is in the stock it buys so it is important to
review the processes by which that stock is placed. Getting the
allocation and replenishment of stock right can have a big impact
upon sales and markdown levels. First Friday’s areas of
expertise include stock allocation, replenishment, store potentialisation
and the effective use of available systems.
Visual merchandising - From our understanding
of shopping habits and best practice visual merchandising and display,
First Friday can increase customer traffic into and around your
sales outlets - converting customers to sales, increasing transaction
values and encouraging multiple sales. Our experience includes developing
and testing new visual merchandising strategies and solutions for
new seasons, stock or events. We also monitor competitor activity
and recommend responses.
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Retail management - The execution of a company’s
strategy at store level is critical to a retailer’s success.
First Friday can help retailers review store processes, make
recommendations on management information requirements and review
and recommend improvements in service levels.
Organisational development - It is essential
that all job roles are correctly aligned to the needs of the
business and that everyone is monitored and assessed accordingly.
It is particularly important that job roles and organisational
structures are reviewed and changed appropriately as part of
change programmes. First Friday’s expertise includes developing
competencies, role definitions and performance review and improvement
mechanisms. |