Unit planning is an operational management tool to plan the merchandise assortment and support. It is directed at determining the amount of inventory the retailer should carry by items and by units and answers the inventory questions of how many product items or assortment and how many units of each items or support to stock. The process of unit planning involves the use of several merchandise lists which constitute a set of operational plans for managing the total selection of merchandise. Based on the type of merchandise, the retailer carries, one or more of the following three merchandise lists namely, Basic Stock list, Model stock list and Never-out list.
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At Retail Velocity, we know it takes commitment and a thorough understanding of a client's business objectives to effectively meet expectations. After reviewing the Velocity WOS exception reports, the retailer and supplier collaboratively identified items at specific stores which were out-of-stock OOS or had low WOS, and store-specific orders SSOs were sent the same day to improve in-stock levels. Before partnering with Retail Velocity, a sporting goods supplier found that direct POS data was very hard to collect, cleanse, and harmonize in a timely manner in order to improve on-shelf availability and reduce out-of-stocks OOS , returns, and markdowns. If I can identify phantom inventory counts that indicate a store-level problem, I can control my own success at the retail level — and that's a powerful advantage. For the first time, we are able to capture and track historical item-level sales and inventory at individual stores, so we can identify which stores are effectively maximizing their sales and which stores are not.
You worked long and hard on your sales plans. You crunched the numbers from last season. You projected into the future.