Merchandise Planning and Management
Learn what's the best merchandise mix, how to allocate shelf space for each merchandise category, plan your inventory purchases and more merchandise management advice.
Open-To-Buy Planning: Controlling Your Inventory
Good inventory control is critical to ensuring an adequate level of stock is on hand for the amount of sales being generated. A retailer can be sure to stock the right amount of the right products at the right time by using an Open-To-Buy (OTB) plan.
Good inventory control is critical to ensuring an adequate level of stock is on hand for the amount of sales being generated. A retailer can be sure to stock the right amount of the right products at the right time by using an Open-To-Buy (OTB) plan.
Retail Term: Average Inventory Cost
Average inventory cost is found by adding the beginning cost inventory for each month plus the ending cost inventory for the last month in the period. If calculating for a season, divide by 7. If calcualting for a year, divide by 13.
Average inventory cost is found by adding the beginning cost inventory for each month plus the ending cost inventory for the last month in the period. If calculating for a season, divide by 7. If calcualting for a year, divide by 13.
Retail Term: Merchandise Mix
A merchandise mix is the breadth and depth of the products carried by retailers. Also known as product assortment.
A merchandise mix is the breadth and depth of the products carried by retailers. Also known as product assortment.
A New Look at Safety Stock
The concepts behind safety stock, methods of calculating demand and using deviation multiples, from Effective Inventory Management.
The concepts behind safety stock, methods of calculating demand and using deviation multiples, from Effective Inventory Management.