Merchandise and Assortment Planning Instructor Led Course

Provides guidance and best practice on developing merchandise and assortment plans.

Class Objectives

• Review structured methods for developing merchandise and assortment plans
  Define the information necessary for an effective plan
  Show how to deal with practical difficulties

Target Audience

• Planning managers
• Planners
• Merchandisers
• Buyers
• Retail executives wishing to introduce a systematic planning approach into their organization
• IT executives involved in designing or selecting systems for merchandise planning

Class Contents

• Merchandise & Assortment Planning Overview
  • Merchandise and assortment planning processes
    
    
• Components and Variations
  • Planning elements
  • Merchandise planning cube
  • Plan types
  • Plan approaches
  • Importance of merchandise hierarchy
    
    
• Top Down Planning
  • Creating high level plans
  • Advantages of top down planning
  • Disadvantages of top down planning
    
    
• Bottom Up Planning
  • Types
  • Developing a bottom up plan
  • Examples
  • Advantages of bottom up planning
  • Disadvantages of bottom up planning
    
    
• Planning Timeframes
  • Seasonal plans
  • Sales plan by period
  • Inventory plan by period
  • Gross margin plan by period
    
    
• Overview of Assortment Planning
  • Assortment planning hierarchy
  • Assortment planning objectives
  • Planning elements
  • Planning dimensions
  • Department plans
  • Key item planning
    
    
• Store Grading or Clustering
  • Linkage between store clusters and ranges
    
    
• Assortment Planning Steps
  • Assortment style review
  • High level store audit
  • Competitive category audit
    
    
• Assortment Planning - Putting a Plan Together
  • Price planning
  • Assortment creation and review
  • Assortment analysis
  • Market buy plan

For more information please contact us at info@deeterwerks.com