Assortment planning is a strategic approach to maintaining the right level of inventory for each product in a retail store. The general goal is to meet near-term demand while avoiding carrying excess products. Floor spac... More » Business & Finance Corporations

A planning cycle is the process of combining different aspects of planning into one synthetic unit. Any plan should be practical and cost-effective. A planning cycle commences by analysing whether any plan is likely to s... More »

Business planning is important because it establishes the direction of the organization. When people plan before launching a business, they avoid many pitfalls that others do not anticipate. With many businesses failing ... More » Business & Finance Financial Planning
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NAPA Auto Parts carries over 422,000 different items in its product inventory, as of 2015, which includes quality parts and various types of accessories. NAPA Auto Parts' products are designed to serve both industrial an... More » Business & Finance Corporations

A min/max inventory system is an approach to managing materials or goods in which the business sets a minimum threshold and a maximum level of inventory to hold. When the current supply of an item reaches the minimum lev... More »

Gap Inc. was founded in San Francisco in 1969 and initially consisted of just one retail store. As of 2014, the company has expanded to about 3,600 stores worldwide, with a presence in Australia, Canada, China, the Unite... More » Business & Finance Corporations

Aeropostale was not founded by one individual, but rather one company, R.H.Macy & Co. Aeropostale began in the 1980s as a private label and eventually became a retail store. More » Business & Finance Corporations