For one-off indent products, particularly fashion product, the allocation of merchandise has to be done at a higher level.
It is here that a well-structured product hierarchy can be very useful as it allows you to segment your product into logical groupings and allocate new lines on the performance of that particular product grouping.
The balance of sales and stock levels is going to be managed across a number of different orders rather than one at a time.
Therefore, each order’s allocation will need to be based on a profile that has been developed for that particular product grouping.
Store Allocation Quantity = Total Order Quantity x Store Profile %
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As a Global partner with Thought Leaders and Founder, FUTURE LEADERS SCHOOL and BLACK BELT IN RETAIL SCHOOL, Prakash Menon has had significant corporate careers across two continents where he fast tracked his career to the top in both the hospitality and retail sector.
As a former board member and Director Of Supply Chain at MYER - Australia, a $3.2 billion retail giant, adding $25 million to the profit in just 10 months and a whopping $290 million to the profit over the next 3 years.
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Founder Of Thought Leaders
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Vice President @ Hashtag Consulting
In a very long time, I have not come across a more powerful author and speaker , a more charismatic leader and, most importantly, a more refined individual and human being of the order of Prakash. He constitutes one of those rare breed of multi-talented individuals and perhaps belongs to the top 1% of the human talent on this planet, who have the capacity to consistently weave success.