In this piece, our retail experts provide inventory planning strategies for merchandise teams when opening a new retail store, including how to plan for a new store when there are other stores in operation, as well as how to plan for the first store. It highlights that while nothing in retail is one-size-fits-all, the strategies discussed can be used as a guide.
Retailers use Gross Margin Return on Investment (GMROI) to measure the efficiency and profitability of their inventory. Find out which departments benefit most from this key metric.
A recap of the highlights from our hour-long webinar with our VP of Planning talking all about best practices for forecasting conceptually and in Toolio
There's no shortage of retail terminology nuances. In this post we cover pre-packs, case-packs and MDQs.
OTB planning is essential to bridging the gap between your retail operations and planning. Here's our guide to managing it like a rockstar.
Open-to-buy in retail is an essential tool to efficiently handle finances, inventory, and more. See how open-to-buy planning can help your business.
For top down planning, your organization needs to determine the attributes to use. Given the high number of attributes that you will already be using for slicing and dicing reports, figuring out which attributes to use for top down planning can be a challenge. This post covers quick guidelines on how to figure out which planning attributes to pick for your business.
In this guide we break down the common approaches to generating SKUs.
Size curves, also known as size breaks, define the ideal ratio between different sizes of a Color Choice or a Style. This post covers how to calculate the optimal size curve for a given product and walks you through how to use our free Size Curve Generator Template.
Weeks of Supply, also known as WOS, is a key performance indicator (KPI) that all retailers should be watching closely to understand the health of their inventory. This article covers how to use WOS and the different ways of calculating it.
We’ve written a handful of Google Sheet Scripts to give us additional custom formulas that help with many crtical merchandising workflows. Check out this post for a list of custom formulas, along with links to our public Google Sheet that demonstrate the extended capability.
This post covers the difference between Initial Markup (IMU) and Maintained Markup (MMU).
Step by step guide on how to use the Toolio Item Planning template to better manage your core items and ensure they never go out of stock.
Click here to get the most up to date free retail calendar and a guide on how to best use it to accurately compare your sales data.
Step by step instructions on how to use the Toolio merchandise financial planning and open to buy template.
In this guide, we break down the main steps you should be taking to create an effective merchandise financial plan.
This is a list of the most important retail math formulas that everyone in the industry should know and track in order to evaluate performance.
These are the most up-to-date retail terms and definitions that everyone in the industry should know.
