WEEK 5 | Supply Chain Management
SUPPLY CHAIN
Product cost
Landed cost
Ex-factory point
TAKING ORDERS
Linesheets | DOWNLOAD examples
Purchase orders
Purchase order (retailer perspective)
Negotiating purchase order terms
Negotiated terms and receipt planning
Initial mark-up (IMU)
Calculating IMU
Retail pricing and mark-ups
Purchase order terms and conditions
SHIPPING
Open order report
Invoice
Advance shipping notice (ASN)
WEEK 4 | Brand and Strategy Building
DEVELOPING THE RIGHT PRODUCT MIX
Blends and Contributions
Assortment Building Intro
Assortment Planning Language
Average Sell Price vs. Average Retail
Cumulative markup (CMU) in assortment planning
ENHANCING THE BRAND
Pricing's affect on sales
Partner Marketing
CASE: Marketing co-op - Holt Renfrew
Partner Marketing for Small Businesses and Reps
Calculating Marketing Co-op
WEEK 3 | Assortment Planning
ASSORTMENT PLANNING
- Assortment Building Intro
- Assortment Planning Language
- CASE: Basics Retailers - Uniqlo
- Key Item assortment strategy
- Size Analysis
- Average Retail vs. Sell Price
- Test your skills | Improving Cumulative Markup
CATEGORY PLANNING
- Category Planning Methods
- Contribution reports
- Commodity-Based Assortment Plans
- Test your skills | Opportunity and Risk at Ralph Lauren
DISTRIBUTION & ALLOCATION
WEEK 2 | Buying and Business Fundamentals
BRAND / RETAIL MATH FUNDAMENTALS
· Intro
· Analysis
· CASE | Coach’s Slowing Growth
· Contribution Blends | VIDEO: Calculating Blends
PROFIT KEY PERFORMANCE INDICATORS
· Profit
· Product Cost | Discounting Cost
· Mark-up | Calculating Mark-up
INVENTORY PRODUCTIVITY INTRODUCTION
EXPECTED TIME TO COMPLETE | 40 minutes
WEEK 1 | Fashion and Retail PM role introduction
ROLE INTRODUCTION
· Responsibilities and Characteristics
· Product Management within the Organization
· Translating customer needs into product: Know what your customers want before they do
· Risks and assumptions in Product Management today
THEMES IN PRODUCT MANAGEMENT TODAY
· Agility
PRODUCT MANAGEMENT PROCESS
CUSTOMER AND MARKET AWARENESS
· Developing your Merchant Toolbox
· Competitive Analysis: Market Awareness
EXPECTED TIME TO COMPLETE | 45 minutes