Elements and Performance Criteria
- Determine merchandise-range requirements.
- Access and review category financial plan to determine range requirements.
- Profile target market and identify relevant trends to inform range planning.
- Source input from relevant stakeholders and use feedback to inform range planning.
- Review product performance information and use findings to plan range optimisation and exit strategies.
- Generate options for merchandise range.
- Generate range options that respond to target market and trend information.
- Confirm commercial viability of range options to maximise profitability and minimise risk.
- Determine assortment planning including core and seasonal, and width, depth and breadth, of the range.
- Identify aged and carry-over stock and action strategy for clearance.
- Determine range option planning for Stock Keeping Unit (SKU) requirements.
- Accurately quantify product units to be ordered based on open-to-buy or space capacity method.
- Review merchandise promotional plan and ensure range aligns with planned activity.
- Refine range options through consultation with cross-functional teams and gain approval as required.
- Document finalised range identifying key features, costs and benefits.
- Plan merchandise range sourcing.
- Purchase merchandise.
- Plan range distribution.