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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 »

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Succession planning in a business setting refers to the plans for promotion or personnel changes in the event that an employee retires, resigns or is let go. Succession plans are typically limited to senior leadership or... More »

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Corporate planning is a strategic tool used by companies to set long-term plans to meet certain objectives, such as business growth and sales volumes. Corporate plans are similar to strategic plans, but place greater emp... More »

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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 »

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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 »

Bath and Body Works is a retail store that specializes in body care products. The stores sell items like body washes and gels, liquid and bar soaps, hand sanitizers, lotions, and fragrances for men and women. The stores ... More »

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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 »

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