FM 325 Lecture Notes - Lecture 1: Knowledge Is Power Program, Multivac, Customer Service

• School: FIT
• Department: Fashion Business Management
• Course: FM 325
• Professor: B E H A R

Document Summary

Create bupp/pre-season reconcile plans create kipp reconcile plans . To build a plan, you need to pull the sales for the same period last year: performing qualitative analysis, most professionals agree that the buying process is 90% analytical and. To forecast sales and purchase the right product, you need a breakdown of your major departments. An analysis of vendor performance can identify any significant buying issues. The buying and advertising departments should work closely together. Product presentation is a major driver of sales. What type of signage is necessary: seasonal setup, seasonal setup is the creation of the season planning environment by the system administrator, this includes seeding the plan with sales history to provide a basis for your plans. It can also include executing demand forecasts prior to planning: plans are seeded with data as a basis for beginning the planning process. Two common methods that are used are last year (ly) and a demand forecast (df).