Planning and Allocation versus Replenishment: When Is Each the Best Strategy?
Assortment optimization, pricing decisions, and promotional activity fall flat if a product is not available for purchase. Out-of-stocks, overstocks, and markdowns drive down already strained profit margins. Replenishment, however, maximizes sales while minimizing inventory expense. By understanding replenishment, and planning and allocation, enterprise can determine the best strategies for addressing forecasting and inventory concerns, and improve profit margins.
hr strategy example
at various levels along three dimensions: Product: item, style, sub-class, class, department, division, channel, company Location: store, district, region, division, banner, chain, channel Time: week, month, quarter, season, year At each intersection of these dimensions there exist a number of variables such as sales, inventory on hand, receipts, markdowns, gross margin, turn, etc. Not all of the variables are appropriate at all intersections (sometimes known as vertices). In addition, multiple versions