Successful range planning will satisfy consumers' needs and
maximise sales revenue while managing profitability. Time spent on
the strategic merchandise plans well in advance of products
reaching the stores will pay significant dividends.
Delivering the corporate strategy plan is paramount in the current
challenging trading times. This requires Merchandisers to skilfully
plan sales, markdowns, terminal stock levels, intakes and margins
for future seasons. Usually, this is not a one-off process and the
plan is often updated in line with trading as the season
approaches.
This can be done using excel worksheets but as the plan develops,
version control suffers and errors creep into the calculations.
Torex Merchandise Planning uses best practise workflow to achieve
the ideal product mix at store level to deliver the Merchandise
Plan and the Strategic Plan.
The bottom up Merchandise Plan is compared with the corporate
overview of the Strategic Plan to ensure that it is capable of
delivering the business goals.
With a central Merchandise Planning process the buying, production
and supply chain functions can follow a common process allowing for
improved forward visibility of requirements providing efficiencies
in negotiations, scheduling and transportation.
The inventory cost can be controlled through:
- Optimised store and product range combination
- Stock plan integration with visual space planning
- Optimise merchandise displays
- Control inventory cost
- Ability to target merchandise to specific
channels/customers
- Reduced level of unproductive stock
- Cleaner seasonal transitions
Contact us to discuss your specific
requirements