Week 2 | Inventory Management
INVENTORY
Understanding inventory introduction
Beginning of month inventory (BOM)
End of month inventory (EOM)
Average inventory (AVG INV)
Reading average inventory results
Understanding a higher inventory result
Understanding a lower average inventory result
MERCHANDISE PRODUCTIVITY
Sell-thru and productivity
Weeks of supply (WOS)
FORECASTING
Inventory's affect on sales
Inventory age and sales
Impinging inventory scenario
Monthly sales forecasting
The importance of comparing actual sales to plan
Forecasting sales high | Forecasting sales low
Overcoming a forecasted sales shortfall
PRE-SEASON PLANNING
Top-Down Planning | Bottom-Up Planning
Stock-to-sales ratio (STS)
Inventory peaks and valleys
PURCHASES, RECEIPTS, and OTB
Vendor terms and impact on receipt planning
Receipt flow and inventory
The importance of an appropriate flow of goods
Following a purchase plan
Purchase order tracker
Open-to-buy (OTB)
Overcoming changes in the supply chain
ANALYSIS
The importance of item and category analysis
Introduction to Post Season Item Opportunity
Assortment Building Intro
Assortment Planning Language
CASE: Basics Retailers - Uniqlo
Size Analysis
TEST YOUR SKILLS | Change in Gross Margin Rate