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Published 12/2022
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.85 GB | Duration: 3h 21m
How to Plan your buying budgets from Simplistic to Advanced method
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: 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 time rather than a point in time 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, terminal 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 Strategic 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 Terminal Stock
Lecture 21 OTB x Terminal 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
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