Buying and assortment planning (AP) is an iterative process that begins with assortment strategy, to product creation, quantification, and finally purchase order commitment. Each step is informed by analysis that provides insight and guides your decision-making process.
In the last unit, you learned how to begin the buying and assortment planning process. This is where the strategic merchandise plans are translated into a buying framework. The first step in this is the assortment strategy, often called the range plan or the skeleton plan.
In the unit, you’ll learn how to
- transform your assortment skeleton plans into actual products
- determine depth and breadth of your assortment
- visualize your buy to ensure the right balance and mix
Here is a list of additional resources and information about buying and assortment planning:
- What is assortment planning?
- Why does my business need assortment planning?
- Common buying mistakes that’s impacting your bottom line
- 3 ways to improve your assortment planning process
- Buying or assortment planning: which one is right for my business
- Confessions of a retail buyer
- How to be customer focused in your assortment planning
- Attributing your way to Success
Learn more about daVinci planning solutions:
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