Retail Solutions, Merchandise Planning

What you'll learn
Master the fundamentals of Retail Merchandise Planning and learn how to apply the unique CCFA technique.
Link Category Management to Merchandise Planning, for more targeted and customer-centric approach.
Gain a deep understanding of store clustering process and how it can be effectively used to optimize retail operations.
Optimize inventory levels through strategic framework development, to control the process of building the assortment.
Get hands on experience with real-world scenarios that teach how to optimize product assortment.
Learn how to determine the optimum inventory per item per store as well as the optimum display quantity.
Explore the ways to manage exceptional items and exceptional stores within a defined category inventory target.
Be the company expert who can handle space limitations and special activities, in a systematic and structured way.
Develop a solid base to measure the stores availability, based on weighted KPIs that show the real impact on sales performance.
Requirements
Just be ready with your pen and paper to take notes and enjoy the learning journey.
Description
Are you tasked with overseeing a vast network of retail stores, each unique in its layout, customer demographics, and performance metrics? Do you struggle with the complexities of applying uniform planning strategies across such diverse settings? Are you aiming to centralize your demand and supply planning processes and seeking ways to optimize your financial spending on inventory and system resources?"Retail Solutions" is introducing a transformative course designed to equip you with the proficiency in the Merchandise Planning, essential for any retail business seeking to refine their end-to-end planning cycle.This course promises a deep dive into strategic methodologies that will enable you to:Tailor your product categorization to better align with evolving customer behaviour.Effectively cluster your stores into manageable groups, simplifying and enhancing your planning activities.Construct precise inventory frameworks for each product category, which will govern your assortment selection processes.Identify the ideal product assortment for each store and determine the optimal inventory levels for individual items.Establish minimum display quantities for items at each store and develop strong replenishment parameters to maintain consistent stock levels.Manage extraordinary items and unique store challenges within established inventory norms.Address space constraints and special project needs in a methodical and organized manner.Lay the groundwork for a robust system to assess store performance, utilizing weighted KPIs to genuinely understand sales impacts.Further, the course provides detailed guidance on constructing an Assortment Grid from the ground up, incorporating:Evaluations of historical sales data.Integration with overarching category strategies and profitability objectives.Strategic grouping of stores to facilitate tailored inventory decisions.Calibration of ideal inventory quantities for each item in every store.Determination of essential display quantities for each item, tailored to each store's specific needs."Retail Solutions" offers you the strategic tools and insights necessary to effectively manage and optimize your retail operations, ensuring that each store operates at peak efficiency and profitability.Join us to transform your approach to retail management and planning, setting new standards of excellence in your organization.
Who this course is for
Anyone who has the passion to be an expert in Merchandise Planning or wants to develop planning expertise that can massively help him/her in Retail Planning, Category Management, Purchasing and/or Replenishment.
Homepage

https://www.udemy.com/course/retail-solutions-merchandise-planning/

Retail Solutions, Merchandise Planning Fast Download
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