Six$-$Month Merchandise $($Dollar$)$ Planning

Lucy Simpson $,$ M$.$ S$.$ The University of Tennessee

After completing her training period, Heather has been placed in a planning position with the Moderate Sportswear Buying team. The Planning Divisional has given her the project of planning sales, markdowns, and stock levels for Misses Coordinates for the next fall season. Since she is new to the company and does not know the history of last year, she is given last year's report and the following goals and notes:

Six$-$Month Merchandise $($Dollar$)$ Planning Lucy Simpson $,$ M$.$ S$.$ The University of Tennessee After completing her training period, Heather has been placed in a planning position with the Moderate Sportswear Buying team. The Planning Divisional has given her the project of planning sales, markdowns, and stock levels for Misses Coordinates for the next fall season. Since she is new to the company and does not know the history of last year, she is given last year's report and the following goals and notes: $*$all figures in thousands Misses Coordinates Fall Goals Notes: a$.$ The company is adding a new major sale event to the month of September. b$.$ On the $5-4-5$ calendar, Christmas is one day earlier in the week. c$.$ The direction from upper management is that old season goods should be cleared out in August and January. d$.$ Last year, because of poor receipt flow from vendors, August and September were under$-$receipted to plan and October was over receipted to plan. e$.$ The largest promotional sale continues to be in October. f$.$ The most current OTB projection shows July EOM at $$950\mathrm{.}0$ New Plan $*$all figures in thousands As a new planner, Heather has worked diligently on the six$-$month plan, and has planned her sales, markdowns, inventory levels, and purchases by month. She is ready to set up a meeting with her Planning Divisional and go over her plan. Analyze each element of the plan by month. Do you agree that each one is planned correctly? Why or why not? $$ Sales? $$ Markdowns? $$ Inventory levels? $$ Purchases?

$*$all figures in thousands

Misses Coordinates Fall Goals

Six$-$Month Merchandise $($Dollar$)$ Planning Lucy Simpson $,$ M$.$ S$.$ The University of Tennessee After completing her training period, Heather has been placed in a planning position with the Moderate Sportswear Buying team. The Planning Divisional has given her the project of planning sales, markdowns, and stock levels for Misses Coordinates for the next fall season. Since she is new to the company and does not know the history of last year, she is given last year's report and the following goals and notes: $*$all figures in thousands Misses Coordinates Fall Goals Notes: a$.$ The company is adding a new major sale event to the month of September. b$.$ On the $5-4-5$ calendar, Christmas is one day earlier in the week. c$.$ The direction from upper management is that old season goods should be cleared out in August and January. d$.$ Last year, because of poor receipt flow from vendors, August and September were under$-$receipted to plan and October was over receipted to plan. e$.$ The largest promotional sale continues to be in October. f$.$ The most current OTB projection shows July EOM at $$950\mathrm{.}0$ New Plan $*$all figures in thousands As a new planner, Heather has worked diligently on the six$-$month plan, and has planned her sales, markdowns, inventory levels, and purchases by month. She is ready to set up a meeting with her Planning Divisional and go over her plan. Analyze each element of the plan by month. Do you agree that each one is planned correctly? Why or why not? $$ Sales? $$ Markdowns? $$ Inventory levels? $$ Purchases?

Notes:

a$.$ The company is adding a new major sale event to the month of September.

b$.$ On the $5-4-5$ calendar, Christmas is one day earlier in the week.

c$.$ The direction from upper management is that old season goods should be cleared out in August and January.

d$.$ Last year, because of poor receipt flow from vendors, August and September were under$-$receipted to plan and October was over receipted to plan.

e$.$ The largest promotional sale continues to be in October.

f$.$ The most current OTB projection shows July EOM at $$950\mathrm{.}0$

New Plan

Six$-$Month Merchandise $($Dollar$)$ Planning Lucy Simpson $,$ M$.$ S$.$ The University of Tennessee After completing her training period, Heather has been placed in a planning position with the Moderate Sportswear Buying team. The Planning Divisional has given her the project of planning sales, markdowns, and stock levels for Misses Coordinates for the next fall season. Since she is new to the company and does not know the history of last year, she is given last year's report and the following goals and notes: $*$all figures in thousands Misses Coordinates Fall Goals Notes: a$.$ The company is adding a new major sale event to the month of September. b$.$ On the $5-4-5$ calendar, Christmas is one day earlier in the week. c$.$ The direction from upper management is that old season goods should be cleared out in August and January