Effective merchandise financial planning is crucial for retailers to maximize profitability, minimize costs, optimize inventory investment, and meet customer expectations. In today’s competitive environment, corporate goals should be set for multiple channels and formats, which makes merchandise financial planning an even bigger challenge.

In retail, assortment planning is the art of curating a product range across channels, selecting items based on attributes like brands, color, and size to meet customer demand and align with merchandising goals. This process drives customer satisfaction, boosts sales, and optimizes inventory investments.

Inventory planning in retail optimizes stock to meet customer demand while minimizing costs and maximizing profits. It involves smart decisions on quantity, timing, and storage, crucial for product availability and cost management.