![]() See Figure 5 below for what it would look like.įigure 11: Open-to-Buy tab with updated EOP $ based on receipt adjustments Starting with February, once the month is over, pull that month's selling reports from your POS and inventory systems and add the actual sales and inventory metrics in the Inputs tab of the template. Add your actuals at the end of each month Now that we have a plan, what next? The forecasts help us create an initial receipt plan pre-season, but after each month within a season, we need to actualize the data to see how we are performing against the plan and make adjustments as we get new information. This will help us create a receipt plan so we know how much inventory to buy for each month, which you can also see on the Open-to-Buy tab. ![]() At this point, we have a merchandise plan for the upcoming year in place. You can also see that our quarterly, half-year and annual aggregations are automatically populated, and we have an annual sales target that is 10% more than last year. how much we differ from last year) are nicely flowing in. Now we have this year's forecast rows populated, and the % Var LY values (i.e. Once you input the targets in the Inputs tab, Figure 4 is an updated view of how the Open-to-Buy tab will look.įigure 4: Open-to-Buy tab with this year’s initial merchandise financial plan This typically matches your EOP inventory from the previous year. how much inventory in dollars and units we are planning to start the year with.
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