Every retailer must buy products in order to sell products. The art and science of the buy is commonly known as Assortment Planning. This short video series covers the every merchandising team goes through in planning and executing their buy - the Assortment Planning process.
In the unit, you'll learn how to begin the buying and assortment planning process. This is where the strategic Merchandise Financial 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, and visualize your buy to ensure the right balance and mix.