- The Buying Process
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The Buying and Ordering Process
Whether its a new line or a central replenishment order, both without control can quickly lead to significant overstocks within your business. Having the necessary checks and balances in place is critical to controlling this flow. The number of factors and people influencing this aspect of the product life-cycle can make it difficult to keep this area in check. Its therefore important to have an effective line of accountability, a good open to buy system and a clear sign off process, it is also equally important to strike a balance and ensure that the process does not stunt or affect any growth.
So how can we help?
- We support business by looking at the following areas;
- How and when buying takes place
- Control of seasonal and promotional purchase
- Minimum order levels
- The effect of retrospective discounts
- Open to buy
- Buying sign off process