Analyzing past sales figures/trends to anticipate future product
Devising a merchandising plan using the above
Communicating the merchandising plan to the buyer, who can then decide what products, styles, colors etc. to purchase from which suppliers at what
Devising a contract for the suppliers, including quality control, accuracy and flexibility, which is done throughout the season.
Allocating certain amounts of stock to each outlet throughout the season, to minimize unnecessary stock holdings for maximum budgetary
Once the products are distributed and put on sale, the retail planner can then monitor stock movement, consider markdowns, inter-branch transfers, promotions or
Liaising with the store manager(s) and interior designer(s) to ensure the products are presented to potential customers in the most attractive manner possible.
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