Merchandise Plan

In: Computers and Technology

Submitted By amibha24
Words 270
Pages 2
The goal of the merchandise plan is to provide a plan broken down to the lowest levels of the merchandise hierarchy to build a receipt budget by week that is used for open-to-buy purposes. KPIs include, but are not limited to, markdowns, reductions, and inventory and above/below the line adjustments to gross margin, receipts and inventory. Plans are usually developed in value with average unit retail prices for inventory, receipt and sales added to understand unit volumes at a high level. The sales flavors regular, markdown, promotional and clearance sales KPIs are planned individually including the average retail price of the sales type. In-season plan updates recalculate open-to-buy budgets based on trend. With that the analysis of business trends to identify variances to plan are possible on a weekly basis and allow stakeholders to take action.

Merchandise Planning – OTB and Unit Flow Plan

The merchandise Planning includes several workbooks for the different levels of the article hierarchy. The workbooks look very similar, but addressing different roles in the organization, like VP of Planning, Planning manager, merchandise manager, or however your organization is set up. One very nice feature is, that the solution provides you flexibility depending on your set-up, if you have planners for all the different levels (you remember: division, department, class and subclass), or if you just want to plan for example on division and break it down from there to class and subclass.

All workbooks consist of two worksheets – one for open-to-buy plan and a second one for the unit flow plan based on average unit…...

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