Order Lead Time: Why Is It Important In Retail Buying?

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Order Lead Time: Why Is It Important In Retail Buying? Order lead time is one of the things you will come across while evaluating suppliers. It is part of the due diligence process and also affects your ordering process, budgeting and inventory planning as we explain below What Is Order Lead Time? ...

Importance of Retail Buying Function

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Importance of Retail Buying Function If someone asked you what do you think is the most important function in retail? what would you say? “Sales!” Right? That’s probably what 90% of people would say. From our long experience in this industry, we have come to the realization that a function that is ...

Fashion Buying: Definition, Tasks & Needed Skills

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Fashion Buying: Definition, Tasks & Needed Skills Fashion buying is a function in fashion retailing, where buyers pick and choose the products the retailer will carry in stores for the next season. It is one of the most important retail functions, because it directly affects sales, margins and over...

Depth vs. Breadth: Retail Product Assortment Strategy

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Depth vs. Breadth: Retail Product Assortment Strategy One of the most important decisions to make while setting a retail product assortment strategy is making the choice between depth vs. breadth of your assortment. At the end of the day, you have a fixed buying budget that is tied to your sales bu...

Category Management: A Complete Guide

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Category Management: A Complete Guide Category Management is a function at retail and ecommerce businesses, where related products are grouped together under separate categories, in order to manage their performance more efficiently. When a retail or ecommerce business grows to a level, where there...