Published 12/2022MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHzLanguage: English | Size: 1.85 GB | Duration: 3h 21m
How to Plan your buying budgets from Simplistic to Advanced method What you'll learn An overview of the product/Inventory /Merchandising cycle How to plan inventory from an Open to Buy perspective from simplistic to very Advanced Various concepts that influence Inventory planning How does the various inventory concepts relates to each other whilst planning inventory how to use a OTB, SSI, WSSI or MSSI Tool based on different scenarios Requirements basic knowledge of inventory or Merchandising could be handy Description This course empowers you to plan and calculate Buying Budgets to acquire inventory that enables a retailer to have sufficient stock/inventory to achieve Sales and not overburden the cash flow at a retail organization . This is a crucial element of Inventory management and supply chain management and financial planning as well.Question of the hour: How much inventory should a retailer buy and for when to achieve sales target without burdening the business?We cover two methods to calculate the buying budget or OTB from very simple to advancedMethod 1: OTB Tool that can be used in its simplistic form to build a topline buying budget to achieve a certain sales planMethod 2: SSI Tool to build advanced buying budgets that spans over a period of rather than a point in and factors in certain elements of inventory management that are crucial to getting a proper flow of stock.As we approach these two methods, we introduce and explain you the various concepts of retail inventory management like merchandising, safety stock, inventory cover, markdown, teal stock, etc. and their relationshipsWe will share excel templates of the OTB tool and SSI tool that you can use by yourself to calculate open to buy in your retail organization Overview Section 1: Introduction Lecture 1 Introduction to the Course Lecture 2 Introduction to Retail Section 2: Retail Inventory Merchadising Lecture 3 What is Merchandising Lecture 4 Merchandising Cycle Section 3: Planning Lecture 5 Introduction to Planning Lecture 6 Strat Plans Lecture 7 Financial Plans Lecture 8 Product Plans Section 4: Open to Buy Lecture 9 What is OTB Lecture 10 Why OTB Lecture 11 How to Build an OTB Section 5: OTB - Process Lecture 12 OTB x Markdowns Lecture 13 OTB x markdown - demo Lecture 14 OTB x Opening and Closing Stock Lecture 15 OTB x Opening and Closing Stock - demo Lecture 16 OTB x Inventory Loss Lecture 17 OTB x Inventory Loss - demo Lecture 18 OTB x On Order, In Transit Lecture 19 OTB x On Order, In Transit - demo Lecture 20 OTB x Teal Stock Lecture 21 OTB x Teal Stock - Demo Section 6: Inventory Concepts Lecture 22 Introduction to Inventory Concepts Lecture 23 Inventory Turnover Lecture 24 Stock Cover Lecture 25 Safety Stock Lecture 26 Planning Dimensions - Part 1 Lecture 27 Planning Dimensions - Part 2 Lecture 28 Planning Dimensions - Part 3 Section 7: SSI Lecture 29 What is SSI Lecture 30 Features of SSI Lecture 31 SSI Setup Lecture 32 SSI tool - Scenario Normal Lecture 33 SSI tool - Scenario Overstock Lecture 34 SSI tool - Scenario Understock Section 8: Thank you Lecture 35 Thank you This course is for dedicated inventory planners, merchandisers, financial controllers, supply chain managers, category managers and anyone that has a role in managing the inventory for a retailer,this course is also for candidates that are looking to build their careers in retail organisation to manage stock or inventory,anyone wanted to understand and learn about how inventory can be planned HomePage:
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