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