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A Buyer's Life: A Concise Guide to Retail Planning and Forecasting

Autor Dana Connell
en Limba Engleză Paperback – 28 dec 2009
The area of retail buying relies heavily on mathematical formulas and forecasting. The formulas themselves remain unchanged. However, the context in which they are analyzed is constantly evolving. The most successful retail buyers are able to withstand the highs and lows of business trends by utilizing analytical skills, trend forecasting, and customer knowledge. As a retail buyer for almost 20 years with various retailers, Connell draws on her experience providing practical fundamental mathematical formulas while also giving context in the current retail environment. This text gives students a step-by-step approach to understanding the mechanics of a six-month merchandising plan. Upon completion of the plan students will gain insight into how the plan is forecast into the future as well as how it is implemented at the actual purchasing level.
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Specificații

ISBN-13: 9781563677717
ISBN-10: 1563677717
Pagini: 352
Ilustrații: black & white tables, figures
Dimensiuni: 215 x 280 x 23 mm
Greutate: 0.95 kg
Editura: Bloomsbury Publishing
Colecția Fairchild Books
Locul publicării:New York, United States

Caracteristici

Create It in Excel! exercises teaching students the Excel applications necessary to create the six-month buying plan

Notă biografică

Dana Connell is an instructor at Columbia College of Art and Design, Chicago, USA.

Cuprins

Buying vs. PlanningWho is the Customer?Projecting Sales thru Sales Trend AnalysisMarkdownsStock Levels: Capacity, Stability, and Profit=Average StockInventory TurnoverStock to Sales Ratio Method of InventoryWeeks of Supply Method of InventoryPlanning Purchase ReceiptsPurchase and Pricing StrategiesClassification, Identification, and PlanningAssortment Planning and How Much to Buy?Open to Buy and Vendor NegotiationA Report Card: Gross Margin and Contribution

Descriere

This text will provide students with a step-by-stepapproach to understanding the mechanics of a six-month merchandisingplan. Upon completion students will gain insight into how theplan is forecast and implemented atthe actual purchasing level.