Have you been asking yourself, “What IS Merchandise Planning? “
In this interview with reed gift fairs, I start ‘Making Cents of it All’….
sharing my personal definition that Merchandise Planning exists to
‘maximise sales and profit through optimising inventory’.
I was delighted to be part of an expert panel and keynote speaker yesterday
at RETAIL THERAPY presented by @reedgiftfairs and @Lifeinstyle.
I shared tips about how to identify your ‘next best seller’ …
… and revealed why a ‘forward-thinking merchandise plan’ is crucial to your business success!
Of course, there were FREEBIES on all things Merchandise Planning, accessible to YOU TOO when you click on the links in this article.
At this pivotal time, one of the most powerful factors influencing how the new financial year will start, is how this financial year is going to end.
The closing stock of one time period becomes the opening stock of the next.
This means that how we finish up FY19 is vitally important to how we start FY20;
and how we finish FY19 is directly linked to what we do right now.
Now that we’ve settled down to a panic since my last blog topic, we can start to consider what needs to happen before the end of this financial year.
A Review is a good place to start – an assessment of past performance to gain insights and learnings. What I’ve observed is how many businesses do this step, tick the box and leave it there, without actively translating it into a Preview – an extrapolation of those insights, combined with direction, interpreted into a strategy.
In this industry first event over 2,500 Retailers cast their votes in recognition of 135 Solution Providers, nominated across 34 award categories.
SMART IN PLANNING was nominated in 3 categories and we are beyond thrilled to have won 2 Awards, and have been finalists for a 3rd.
A massive thank you to all our amazing Clients who endorsed us with their vote.
Always a pleasure catching up with Paul Greenberg on the forward thinking initiatives that NORA Network is putting out into the Retailscape .
Ventured OUT of my comfort zone to do this video covering a topic that sits squarely IN my comfort zone #merchandiseplanning. SMART IN PLANNING provides solutions in “everything Merchandise Planning” – giving Retailers access to expertise and capacity through a flexible and tailored service.
