Merchandise Planning Systems

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Published on 17 May 2011
School
Ryerson University
Department
Retail Management
Course
RMG 200
Professor
Week 8
Types of Buying Systems
Staple Merchandise: Predictable Demand, History of Past Sales, Relatively Accurate
Forecasts
Fashion Merchandise: Unpredictable Demand, Limited Sales History, Difficult to forecast
sales
Staple Merch Buying Systems: Forecast SKU Sales > Order Merch > Monitor
Sales/Inventory > Compare inventory to basic stock list (STARTALLOVER)
Considerations in determining how much to order:
Basic Stock List
Never Out List
Inventory Turnover
Product Availability
Back-up Stock
Order Point
Order Quantity
Sales Forecast
Rate of Sales of SKU (Velocity)
Seasonality
Types of Assortment lists:
Basic Stock list: Assortment plan for staple, non-seasonal merchandise. Indicates the
desired inventory level for each sku
Never Out List: Keyitems in a model or basic stock list. The 20 in the 80/20 rule. Required
constant review
Order point Point at which stock available should not go below or else stock will run out
b4 next order arrives
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Document Summary

Staple merchandise: predictable demand, history of past sales, relatively accurate. Fashion merchandise: unpredictable demand, limited sales history, difficult to forecast sales. Staple merch buying systems: forecast sku sales > order merch > monitor. Sales/inventory > compare inventory to basic stock list (startallover) Considerations in determining how much to order: basic stock list, never out list, inventory turnover, product availability, back-up stock, order point, order quantity, sales forecast. Basic stock list: assortment plan for staple, non-seasonal merchandise. Indicates the desired inventory level for each sku. Never out list: keyitems in a model or basic stock list.