Industry

Fashion

Date

Insights

Evaluating efficiency: 3 areas to assess for merchandising team effectiveness.

Are you able to access inspiration from other departments and collaborators? Are workflows clearly defined and intuitive for team members? On a scale one to ten, how skillful is your team in using data analytics for collection planning?  Are you communicating effectively with other teams involved in the product lifecycle?  

How efficient in collection management are you and your team members? 

As a merchandiser, your core responsibility ties back to efficiency and insights – how quickly you are able to deliver a relevant, appealing collection within short time frames. But as a leader, you’re responsible for ensuring your team’s success through continuous improvement. To further complicate matters, in today’s fashion industry context, timelines are shorter and budgets are tighter as speed-to-market continues to increase and consumer expectations rise for quality, fit and price. You need an adaptive approach that is able to keep up. 

In short, in order to excel in merchandising today, you need to: 

  • Meet extremely tight deadlines because of shorter trend cycles 
  • Work with other teams involved in the design-to-production process 
  • Stay relevant by identifying and jumping on the right trends  
  • Analyze product data coming from all parts of the lifecycle and sales data from retail touchpoints to make better-informed decisions about your future collections.

Focusing on 3 areas of the product lifecycle  

The trick is to constantly re-evaluate how effective you and your team members are in the collection planning and development process. Step out a little and look at the big picture.  We’ve highlighted three critical areas to explore in assessing your team’s ability to leverage data insights, make informed decisions and collaborate for ultimate efficiency: 

  • Collection planning 
  • Teamwork and systems 
  • Insights and analytics 

 

Read this e-guide to find out more.

Download our e-guide for insight into how merchandising teams can evaluate their efficiency in collection management

Efficiency Adds Up

Your core responsibilities tie back to efficiency and insights – how quickly you’re able to deliver a timely, relevant, balanced collection that serves the business and is irresistible to customers. But it doesn’t stop there. To further complicate matters, timelines are shorter and budgets are tighter as speed-to-market continues to increase and consumer expectations rise for quality, fit and price. You need an adaptive approach that is able to keep up.

Time to Grade Your Performance

When’s the last time you thought about your team’s efficiency (or lack thereof)? To make improvements – and keep up with the staggering pace of the industry – you should constantly re-evaluate how you go about developing compelling collections that earn you high marks. To help you in this process, we’ve identified three critical areas to explore in assessing your team’s ability to capitalize on insights, make informed decisions and collaborate for ultimate efficiency – and success.