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Inventory is a retailer’s biggest cost, and opportunity. Merchandise Financial Planning (MFP) is about determining how much money to put in each Buyers’ wallet to maximize your inventory investment in every product category. The allocation of the MFP budget for each buyer is commonly referred to as the Open-To-Buy.
Download the Fundamentals of Merchandise Financial Planning, and learn the key elements of the merchandise planning workflow, key performance metrics used in MFP, as well as other critical considerations such as planning roles, versions preservation, and organizational change needed to compete in today’s competitive and ever changing retail environment.
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