The Expert Guide to Item Planning
Item planning is a systemic and timely retail business process that manages sales and inventory by style/SKU. Item planning is performed by planners or merchants, and typical item planning approaches balance historical, statistical, and intuitive data points to determine sales projections and appropriate inventory levels for replenishment.
In this expert guide, Parker Avery retail consultants provide a comprehensive overview of the item planning process and related activities. We will address common mistakes and challenges, and we explore best practices and innovations that can help improve this key capability.
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Contributors
The Parker Avery Group is a leading retail and consumer goods consulting firm that specializes in transforming organizations and optimizing operational execution through the development of competitive strategies, business process design, deep analytics expertise, change management leadership, and implementation of solutions that enable key capabilities.