abhishreshthaa
Abhijeet S
Merchandising consists of the activities involved in a retailer’s buying goods & services and making them available for sale.
PROCESS FOR IMPLEMENTING MERCHANDISE PLANS:
Information is gathered about target market needs and prospective suppliers.
The retailer chooses firm-owned, outside, regularly used and/or new supply sources of merchandise.
The merchandise under consideration is evaluated through inspection, sampling and/or description.
Purchase terms are set. They may have to be negotiated in their entirety or through uniform contracts.
The purchase conclusion is made-manually or automatically.
Merchandise handling decisions are taken relating to receiving & storing, price & inventory marking, displays, pilferage control etc.
Reordering decisions are made.
Re-evaluation of merchandising plans takes place.
PROCESS FOR IMPLEMENTING MERCHANDISE PLANS:
Information is gathered about target market needs and prospective suppliers.
The retailer chooses firm-owned, outside, regularly used and/or new supply sources of merchandise.
The merchandise under consideration is evaluated through inspection, sampling and/or description.
Purchase terms are set. They may have to be negotiated in their entirety or through uniform contracts.
The purchase conclusion is made-manually or automatically.
Merchandise handling decisions are taken relating to receiving & storing, price & inventory marking, displays, pilferage control etc.
Reordering decisions are made.
Re-evaluation of merchandising plans takes place.