Planning tools Archives - Island Pacific

The importance of timely retail planning by all stakeholders

Retail Financial Planning Process The Financial planning process can start with a 5-year high level plan to set a strategy for the longer term. However, most retailers start their detailed planning 18 -24 months ahead of the planning season. The optimum, of course, is to plan as close to the season as possible, as every…

Assortment Planning, keep it simple & then evolve

Creative versus Number Crunching A regular theme in retailers globally is the presence of spreadsheets permeating across the whole organization. Assortment planning is an area which involves both the merchandising and buying team. That crucial mix of numbers and the visual / creative aspects have to be equally respected in order to ensure that both…