Water Cooler
Water Cooler Conversations |
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| Best Practices in Assortment Planning | |
| You asked, we listened! In today's challenging economic times, its more important than ever to remain laser-focused on issues that contribute to the bottom line. To compete effectively, retailers need tools that enable them to get the right merchandise to the right customers, profitably. Read Comments | |
| Winning in Today's Economy | |
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According to Greg Buzek, President of IHL Group, Poor planning by buyers represents about $16.4 billion in lost sales. Read Comments Submit Comments
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| Budgets and Project Priorities | |
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Its here again! This is the time of the year many retailers are busy budgeting. In a year of economic upheaval, decisions are suddenly undermined and muddled by uncertainty. There are always more projects competing for the diminishing resources and funds, all trying to solve different yet pressing business problems. Read Comments Submit Comments
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| Customer Centric Assortment Planning | |
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With all the talk about customer-centric planning and localized assortments, I wonder how other retailers are doing it. To tell you the truth, we still just do all-store buys. To tailor individual assortments by store groups is just too difficult and time consuming. Read Comments Submit Comments
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| Buying: Is it Art or Science? | |
| Can our multi-dimensional world of trends, fads and culture be boiled down to quantifiable numbers? Is technology the answer to it all? Read Comments Submit Comments |
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| Memory Lane: has the art of retailing changed that much over the ages? | |
| Here are some fun clippings dating back to the earlier days of retail. Read Comments Submit Comments |
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| Merchants can make or break a retail business | |
| We've compiled a number of job postings, interviewed numerous buyers (including our own), even consulted with HR departments in retail: see if you agree with our findings on what a buyer's job responsibilities are. Read Comments Submit Comments |
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| Data Entry or True Modeling? | |
| If I want to play around to try and maximize my margins or see how different assortments look, I can't! To make one change I have to change numerous other spreadsheets to make numbers match. It's too time consuming To do what-if scenarios is just not humanly feasible. Read Comments Submit Comments |
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| The Function of Planning in Retail | |
| What are the various planning functions within merchandising? Where does assortment planning fit? Read Comments Submit Comments |
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| Who is responsible for the creation of an assortment plan in an organization? Read Comments Submit Comments |
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| Working in a Team Environment | |
| We are organized in teams: Buyer, Assistant, Planner, and Allocator. Currently, we cant see or share our plans. This creates lots of work duplication and data inconsistencies. Read Comments Submit Comments |
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