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Computer Applications in Merchandise Planning
Paper has been designed such that it acquaints the students with the merchandise planning through which retailers can manage their inventory management, customer loyalty programs and accounting features.
Introduction to Excel: Toolbar, Status Bar, Themes and style gallaries, floating mini formatting bar, resizable formula bar, enhanced sorting and filtering, working on a worksheet.
Excel Formulas: writing a formula, simple formula, complex formulas and the order of operations, formula adding.
Retail Planning: Retail organization structure, planning levels- corporate level plans, division level plans, functional level plans, department plans, merchandise planning.
Sales Planning: Developing sales projections, planning a total season’s sales, planning distributions of a total season’s sales.
Inventory Management: Stockturn, planning a beginning-of-month inventory, end-of- month inventories.
Planning reductions: Markdowns, employee discounts, shrinkage, planning reductions.
Planning purchases: Purpose of planning purchases, open-to-buy.
Planning markups: Calculation and expression of markups, using markup percent to calculate prices, types of markup.
Cost Values: Retail method of inventory, calculations required for the retail method of inventory valuation, total merchandise handled, cumulative markup and cost complement, total retail reductions, ending inventory retail and cost values.
Gross Margins: Calculating gross margin, gross margin return on inventory investment (GMROI), evaluating acceptable GMROIs.
• Rosetta S. LaFleur, Merchandise Planning Workbook
• Martin. Hansen, Klinger and Beth, “Mastering Excel 2000”, BPB Publications, 2012
