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Retail Management: A Strategic ApproachThirteenth EditionChapter 15Implementing Merchandise PlansCopyright ? 2018, 2014, 2012 Pearson Education, Inc. All Rights Reserved
Learning Objectives15.1 To describe the steps in the implementation of merchandise plans: gathering information, selecting and interacting with merchandise sources, evaluation, negotiation, concluding purchases, receiving and stocking merchandise, reordering, and re-evaluation15.2 To examine the prominent roles of logistics and inventory management in the implementation of merchandise plans
Figure 15.1 Implementing Merchandise Plans
Figure 15.2 A Competition Shopping Report
Selecting Merchandise SourcesCompany-ownedOutside, regularly used supplierOutside, new supplier
Figure 15.3 Outside Sources of Supply
Americas Mart Tradeshow: World’s Global MarketPlease click URL to view:https://youtu.be/BjjQ8HfkvcA
Figure 15.4 A Checklist of Points to Review in Choosing Vendors
Negotiating the PurchaseSpecial considerationsOpportunistic buying— due to closeouts, bankruptcies, overstocks, cancelled orders, lack of a well balanced assorted lot sizes and colorsSlotting allowances—common for new products in supermarkets in Northeast and in freezer sections
Slotting Fees: Grocery Shelf SpaceTheres a hidden war in the supermarket—Voxs Phil Edwards explains. Read the article here:/2016/11/22/1370702...
Concluding PurchasesThe retailer takes title immediately upon purchase.The retailer assumes ownership after titles are loaded onto the mode of transportation.The retailer takes title when a shipment is received.The retailer does not take title until the end of a billing cycle, when the supplier is paid.The retailer accepts goods on consignment and does not own the items. The supplier is paid after merchandise is sold.
Figure 15.6 Receiving and Verifying Inventory
Figure 15.7 On-Floor Assortments and Men’s Shirts
Modernizing Inventory ManagementPlease click URL to view:URL: https://youtu.be/-l9rIMekpfs
Reorder
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