Tag: Merchandise Planning

Have you been in business a while and the range of products you sell is stale? Merchandise Planning will establish which of your product range stays and which has outlived its demand. Your business will be able to make positive product decisions. Either, eliminate the ones that detract or add others that enhance your Profit. Merchandise planning will take into account inventory, warehousing, sales, personnel, price discounts and time commitment. Use the 80/20 rule to give you insight into which products are contributing the most to your Sales and Profit. Consider your competition and what impact they are having on your product selection.

SM2.0 80/20 Principle – 16 Times More Productive

Introducing the 80/20 Principal The 80/20 Principle asserts that a minority of causes, inputs or effort usually lead to a majority of the results, outputs or rewards. Taken literally, this means that 80 percent of what you achieve in your job comes from 20 percent of the time spent. This implies that: 80% of your […]

Why Boston Consulting Group Growth Share Matrix Helps

The BCG Growth/Share Matrix is a quick way to visualize what activities are going to be the most productive and which are dogs best got rid of. It works equally well, for example, for sales, profit and staff. Yellow Belt

LB1: Innovate1000: Double Growth Through Innovation

Your enterprise may be growing at present. But, you can be certain that innovation and disruption will erode what have been successful services or products. We see this at work all the time. Years ago, videos came on a cassette tape. Then DVD’s and now streaming services. Your enterprise will decline without innovation. This innovation program […]

C2.4.3 Cost Reduction – Products to Discard

Over time, the range of products that you have on offer will grow. Not all of these are good contributors to your Profit. Make positive product decisions and eliminate the ones that detract from your Profit. Take into account such things as inventory, warehousing, sales, personnel, price discounts, time commitment and similar. Product Decision Focused […]