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Is your Inventory Planned ?

Is your Inventory Planned ?
Free Download - Basic steps to normalize recipes By Nilesh Shah
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The art of Merchandise Mix and Inventory Hierarchy
The objective of merchandise hierarchy is achieving the following
The Right Product
The Right Place
The Right Quantity
The Right Quality
The Right Price
The Right Mix or Assortment
The Right Time
In order to satisfy every customer’s needs, the retail store must have the right product in right place, in right quantity, with right quality, at the right price, with the right mixes or sizes or variants at the right time. The function of Merchandise Hierarchy is to achieve all these ‘RIGHTS’ so that the sales are high with an ideal level of inventory holding and thus more Profits.





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Nilesh Shah
(Visit Nilesh's Website)
Nilesh Shah nileshshah@rancelab.com Over 10 years of experience in the field of software development, sales and marketing. He has assisted over 300 Retailers and Restaurateurs in implementing the Retail and F&B software with barcode & pos hardware for their business. He holds a designation of Director, Marketing in Rance Computer Pvt Ltd. He holds the certification from Microsoft Corporation and NIS. His current research focuses on developing and implementing intelligent retail systems that shoulders the responsibility of an entrepreneur. With such system, he is helping Retailers and Restauranteurs in focusing more on business expansion than of day-to-day complex operations. Click here to visit FusionRetail Blog. Catch me on Facebook. Follow me on Twitter


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