5  New Item MAsTErY

THE OPPORTUNITY:  Using the Catalyst 3X guide, invest 3X the attention to your New Item Portfolio.  Set and expect high standards and lean on tools & collaboration to achieve.

LEARN

PROCESS

3X  -  New items are easily overlooked, even as they under-perform.   

The 3X strategy says that if 5% of your items are new, invest 15% of your time on them.

BEST PRACTICE

COLLABORATION & CONSISTENT ATTENTION VIA NEW TOOLS:   Recruit help and knowledge when setting new forecasts. /  Use Catalyst tools to watch & to help maintain many eyes via collab.

EDUCATION

How is your New Item Picture??

New Item Components

PITFALLS

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discover

YOUR PICTURE

USE YOU BUYING MULTIPLE DASHBOARD:   How many items have BM set?  How many A & B items are lacking Mults?  Analyze your current picture at Dashboard  BBMD 

OUR GUIDANCE

A TOOL IS AVAILABLE TO HELP THE PROCESS:   Use the Catalyst Buying Multiple Guidance Dashboard at CBMG, but first let us help you set the parameters 

TOOLS & TIPS

New Item Daily Exceptions

Create a New Item Team

RESOURCES

action

GATHER DATA

SEE WHERE YOU STAND TODAY FOR NEW ITEMS IN SERVICE, FORECAST ACCY AND OVERSTOCK. 

ANALYZE &

DECIDE

INSTALL

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New Item Flow
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MONITOR

CONTINUE IN UPDATE MODE EACH PERIOD AS THE SUGGESTIONS WILL CHANGE WITH CHANGES TO FORECASTS AND UPCOMING SEASONS

fRANK vAN vLECK