The Expert Guide to Merchandise Financial Planning
Strengthen your planning capabilities with better strategies, efficient teams, and modern technology.
Merchandise financial planning, or MFP, is a critical retail business process in which companies aim to align enterprise-wide strategic financial plans to the execution of goals shared across functional areas. When done well, MFP establishes consumer-centric, omnichannel financial guidelines for retail inventory profitability and operational productivity.
In this expert guide, we provide a comprehensive overview of the retail merchandise financial planning business process and touch on related functional areas. We also address common mistakes and challenges The Parker Avery Group has witnessed through many client projects focused on MFP. Further, we explore MFP best practices and innovations that can help improve this key retail capability.
