We’ll spare you the detailed reminder about the “retail apocalypse,” and just preface this by saying there’s a rapid change happening in retail. It’s never been more important to get merchandise planning right – and it’s never been more difficult.
Merchandise planning has been around for as long as there has been retail. Every retailer needs to plan for their business so they can have an idea of what products they need to buy, and how much they can expect to make from reselling them.
Most of the time when people complain about work they’re just blowing off steam. But everyone faces challenges in their work that they’d like to see addressed.
From the massive global enterprises, to the local mom and pop shops, just about every retailer in the world needs to figure out how much money they should spend, and on what. Enter merchandise planning.