Implementing a Merchandise Plan
Implementing a merchandising plan is an eight-step process beginning with gathering information and ending with a re-evaluation process. create a 300-400 word response discussing the following:
Discuss the importance of each step and the potential drawback of problems occurring at each step of the process.
During the negotiation step, discuss how a retailer can gain better terms from suppliers by increasing their negotiation power.
Analyze why strong inventory management is crucial to the proper implementation of the merchandising plan.