What is merchandise flow?
Merchandise Flow Supervisors are part of the store management team focused on delivering top line sales results. They oversee the product lifecycle from in-store receipt through purchase. RESPONSIBILITIES. Leads the effort to greet and offer assistance to every customer; provides real-time coaching to associates.
What is product flow in retail?
Fortunately, as far as retail terms go, a product flow is one of the easiest concepts to understand. It describes the organised flow of your products in your stores. In other words, it acts as a guide for your shoppers to shop the different categories in your stores.
What is the meaning of merchandise management?
Merchandise Management involves understanding and evaluating the consumer’s buying habits to effectively source, plan, display, and stock merchandise. It is a process from beginning which involves a strategy where you work towards to an end with a performance evaluation.
What is staple merchandise?
Staple merchandise consists of the items that are regularly purchased, displayed and sold by the retailers. For a grocery store, staple merchandise will be bread, butter, milk, salt, eggs, tissues and so on.
What is SSR in retail?
Stock to Sales Ratio (SSR) is the most appropriate method for high level, top down inventory plans and other inventory plans that do not contain the week level of time. SSR forecasts the appropriate inventory level required to support projected sales. SSR is a leading retail industry planning measure.
What is the purpose of merchandise?
Essentially, merchandising is the promotion and sale of products. It often is used to mean retail sales itself in that its goal is to influence the buying decisions of consumers. However, it should not be confused with the sale itself. It is the process leading up to a sale.
What is merchandising?
In short, the practice of presenting any product merchandising in an attractive way to gain more selling and popularity is called merchandising. What is Merchandise Planning?
What are the components of merchandise planning?
Components of Merchandise Planning 3. Process. Merchandising is defined as offering right kind of product at right place and in right price. A retailer has to plan to have in his store the product that is desired by the customer. Success of any retail organisation depends on its merchandise planning.
What is the difference between general merchandising and in-store merchandise?
While general merchandising can include product design, packaging, online sales and branded promotional items, in-store merchandising refers specifically to product merchandising in stores. For Inspiration: Looking to elevate your in-store merchandising strategies? Check out these 7 hacks to boost in-store retail sales.
How does your merchandise operations work?
Your merchandise operations start by placing an order with a vendor. When the merchandise arrives, you enter each item into your inventory accounting system. The merchandise is sorted and placed in storage until it is needed.