To help standardize merchandise financial planning and Open to Buy (OTB) management we are sharing what we believe is the best in class merchandise financial planning spreadsheet template for free.
An overview of how merchandise financial plans are created at class level to meet a retailer's financial objectives.
Retail math is not complicated, but there are many formulas to keep track of. See here for a list of key retail math formulas each buyer and planner in a retail organization should know of.
Here are the list of terms and their definitions typically used in the retail merchandise planning processes.