Saturday, February 6, 2010

Merchandise Planning

Merchandise Planning is “A systematic approach which is aimed at maximizing return on investment,through planning, sales and inventory in order to increase profitability (GMROI). It does this by maximizing sales potential and minimizing losses from mark – downs and stock – outs.”

  • Formulation of objectives
  • Establishment of Policies
  • Implementation of Policies to carry out department and store objectives
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