Planning & Building the Range
Using our fictitious retailer and buying/planning team, you will gain a deep understanding of how buying and planning teams work together to financially plan and build a customer-focused, balanced range.
This course takes you through the full, step-by-step process, from the fundamental reasons why we plan, to creating a merchandise financial plan, developing an option-based assortment framework, and ultimately building a product range that meets both financial goals and customer needs.
What you will learn
- State how and why we create a pre-season merchandise plan
- Describe how the merchandise financial plan is broken down
- Create category sales plans
- Recognise the six different assortment strategies and how these impact range breadth, width and depth
- Explain why we group stores for planning purposes
- Calculate the number of options to buy and the units to buy for each option
- Construct a balanced, customer-focussed range
Modules in more detail
Introduction to pre-season planning – how and why we plan. What are the key performance indicators and how are they calculated?
The Merchandise Financial Plan – what is it and why is it used by retailers? Step-by-step guide to creating your plan
Developing the Assortment Framework – how to quantify the number of options and the number of units per option based on key factors
Building the Range – how to turn the option framework into a product range plan
Who is this course for
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Entry or intermediate buying or merchandise planning roles involved with the creation of ranges and range plans; particularly assistant/trainee levels new to this responsibility
- Small retail business owners who want to improve their buying and planning skills
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Anybody wishing to refresh and validate their assortment planning skills and knowledge
$300.00 excl GST
or 4 payments of $75.00 with Wizit learn more
Unsure if a course is right for you...
If you are uncertain whether a course is at the right level for you, then take an assessment through the Numensa Assessment Centre. We have six different assessments, three for buying and three for planning.
- Entry – for anyone new to retail or working in a buyer’s admin or allocator level
- Intermediate – for anyone working at the assistant/junior buyer/planner level
- Advanced – for anyone working at a buyer/planner or senior buyer/planner level
At a glance...
- Four online modules
- Total learning time = 1.5 hours
- Gamified self-led learning
- Works across PC, tablet and phone
- Full audio voiceover
- E-learning format
- Digital activities, quizzes and action plans
- Downloadable resources to keep
- Practical application of best practice
- Full access for 6 months
- Developed by retail buying & planning professionals
- Digital certificate on completion
Evaluating Performance
The ability to evaluate the effectiveness of your trading efforts, decisions and actions is key in meeting the departmental targets that contribute to business goals. This series of…
$350.00 excl GST
or 4 payments of $87.50 with Wizit learn more