Merchandise planning is a critical pre-season process which enables the development of robust financial plans to deliver weekly sales, stock and intake (WSSI) targets, at department and category level.
This training course has a comprehensive series of eight online modules which explore the WSSI step-by-step and deliver valuable knowledge and information that is critical to effective merchandise planning.
- £250 plus VAT
- 5% discount if you buy 3+ courses
- 10% discount if you buy 5+ courses
- Contact us for large group quotes
£ 250.00 plus VAT
What you will learn
- How to create a pre-season merchandise plan
- How a merchandise plan is broken down
- How to create departmental or category sales plans
- How to plan stock levels and phase intake to factor for seasonality
- How to manage open to buy (OTB)
- How to plan promotions and markdowns to maximise sales and manage stock
Modules in more detail
- The pre-season merchandise plan – what it is, why we do it and an introduction to the WSSI
- Planning sales – using the building blocks tool
- Category planning– considering departmental key performance indicators and seasonality
- Phasing sales – creating a pre-season sales plan
- Planning markdowns – strategic vs. tactical promotions and permanent markdowns
- Developing a stock plan -flat and forward cover and managing seasonal products and terminal stock
- Planning intake – calculating OTB and developing an exit strategy
- Planning margin – factors which impact both intake and sales margin
Who it is suitable for
- Intermediate level merchandising or planning roles involved in pre-season planning
- Assistant levels new to this responsibility
- Anybody wishing to refresh and validate their merchandise planning skills and knowledge
Price
- £250 plus VAT
- 5% discount if you buy 3+ courses
- 10% discount if you buy 5+ courses
- Contact us for large group quotes
At a glance...
- Eight online modules
- Total learning time = 2 hours 15 minutes
- Gamified self-led learning
- Works across PC, tablet and phone
- Currency choice: sterling, euros, dollars or rands
- Full audio voiceover
- Video and eLearning format
- Digital activities, case studies, quizzes and action plans
- Practical application of best practice
- Full access for 6 months
- Developed by retail buying & merchandising experts
- Aligns to current apprenticeship standards
- Digital certificate on completion
