RMG 400 Lecture 8: WEEK 8 – DEVELOPING AN ASSORTMENT PLAN (RMG 400)

• School: Ryerson University
• Department: Retail Management
• Course: RMG 400
• Professor: Janice Rudkowski

Document Summary

Week 8 developing an assortment plan (ch. D) sales + reductions + eom bom. C) the planned bom for the following month. Planned bom inventory =planned sales stock sales ratio. Planned purchases at retail=planned sales+ planned eom + planned reductions planne d bom. Planned purchases at cost =( 100 initial markup ) planned purchases at retail. Maximum=salesvolume per week ( reorder period+ delivery period )+ reserve. Determine specific quantities + characteristics of each product in relation to: E. g. candy, hardware, health, beauty aids, stationery. Well-known brand names: silverware, china, appliances, designer apparel, and cosmetics. A broad category of products having similar characteristics and similar uses. # of product lines carried w/in a product classification. Allows retailer to appeal to larger market. Usually allows store to offer fewer brands in larger # of styles, colours, sizes, material. # of choices offered to customers w/in each brand/ product classification. Wide stock breath and very little depth.