{"id":29450,"date":"2024-07-09T04:51:41","date_gmt":"2024-07-09T04:51:41","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/merchandise-planning-and-buying-buying-term-project-creating-a-fashion-retail-store-2023\/"},"modified":"2024-07-09T04:51:41","modified_gmt":"2024-07-09T04:51:41","slug":"merchandise-planning-and-buying-buying-term-project-creating-a-fashion-retail-store-2023","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/merchandise-planning-and-buying-buying-term-project-creating-a-fashion-retail-store-2023\/","title":{"rendered":"MERCHANDISE PLANNING AND BUYING- BUYING TERM PROJECT CREATING A FASHION\/RETAIL STORE 2023"},"content":{"rendered":"

Part B. (30%) Submit in Week 12.<\/u><\/strong><\/span> <\/span><\/p>\n

Using the figures provided below, you will calculate your stores open to buy. <\/strong><\/span> <\/span> <\/span><\/p>\n

Use the Excel Spreadsheet provided to complete this part. I must be able to see your calculation in the sheet. Show all work on an Excel spreadsheet in a traditional OTB grid format as the example indicates. I have completed the first month for you. <\/span> <\/span><\/p>\n

 Assume you have an OTB of $1,025,000 at retail<\/u> <\/span>to spend to stock your store for the Spring 2025 season, which will encompass Feb, March, April, May, June and July of 2025. <\/span><\/strong><\/span> <\/span><\/p>\n

B1. Calculate the open to buy <\/span>for each month using the following calculations.<\/u><\/strong><\/span> <\/span><\/p>\n

             Planned sales + Planned reductions + Planned EOM Stock = Total monthly needs<\/span> <\/span><\/p>\n

             Total monthly needs – BOM Stock = Planned purchases<\/span> <\/span><\/p>\n

             Planned purchases – Merchandise on order = Open to buy<\/span> <\/span><\/p>\n

B2. Calculate average monthly sales<\/strong><\/span> <\/span><\/p>\n

B3. Calculate average monthly on order<\/strong><\/p>\n


<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

B1<\/strong><\/p>\n<\/td>\n

\n

OTB TERM PROJECT SPING 2025 Season<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

MONTHS<\/strong><\/p>\n<\/td>\n

\n

FEBRUARY<\/strong><\/p>\n<\/td>\n

\n

MARCH<\/strong><\/p>\n<\/td>\n

\n

APRIL<\/strong><\/p>\n<\/td>\n

\n

MAY<\/strong><\/p>\n<\/td>\n

\n

JUNE<\/strong><\/p>\n<\/td>\n

\n

JULY<\/strong><\/p>\n<\/td>\n

\n

TOTAL<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

PLANNED SALES<\/strong><\/p>\n<\/td>\n

\n

$400,000<\/p>\n<\/td>\n

\n

$300,000<\/p>\n<\/td>\n

\n

$200,000<\/p>\n<\/td>\n

\n

$150,000<\/p>\n<\/td>\n

\n

$100,000<\/p>\n<\/td>\n

\n

$125,000<\/p>\n<\/td>\n

\n

$1,275,000<\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

EMPLOYEE DISCOUNT PERCENT<\/strong><\/p>\n<\/td>\n

\n

0.02<\/p>\n<\/td>\n

\n

0.03<\/p>\n<\/td>\n

\n

0.04<\/p>\n<\/td>\n

\n

0.02<\/p>\n<\/td>\n

\n

0.02<\/p>\n<\/td>\n

\n

0.03<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

EMPLOYEE DISCOUNT DOLLAR<\/strong><\/p>\n<\/td>\n

\n

$8,000.00<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

MARKDOWN PERCENT<\/strong><\/p>\n<\/td>\n

\n

15%<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

MARKDOWN DOLLARS<\/strong><\/p>\n<\/td>\n

\n

$60,000<\/p>\n<\/td>\n

\n

$45,000<\/p>\n<\/td>\n

\n

$30,000<\/p>\n<\/td>\n

\n

$22,500<\/p>\n<\/td>\n

\n

$15,000<\/p>\n<\/td>\n

\n

$18,750<\/p>\n<\/td>\n

\n

$183,750<\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

SHORTAGE DOLLARS<\/strong><\/p>\n<\/td>\n

\n

$6,000<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

SHORTAGE PERCENT<\/strong><\/p>\n<\/td>\n

\n

0.015<\/p>\n<\/td>\n

\n

0.020<\/p>\n<\/td>\n

\n

0.020<\/p>\n<\/td>\n

\n

0.050<\/p>\n<\/td>\n

\n

0.040<\/p>\n<\/td>\n

\n

0.030<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

EOM<\/strong><\/p>\n<\/td>\n

\n

$300,000<\/p>\n<\/td>\n

\n

$250,000<\/p>\n<\/td>\n

\n

$150,000<\/p>\n<\/td>\n

\n

$100,000<\/p>\n<\/td>\n

\n

$75,000<\/p>\n<\/td>\n

\n

$100,000<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

TOTAL MONTHLY NEEDS<\/strong><\/p>\n<\/td>\n

\n

$774,000<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

BOM<\/strong><\/p>\n<\/td>\n

\n

$300,000<\/p>\n<\/td>\n

\n

$300,000<\/p>\n<\/td>\n

\n

$250,000<\/p>\n<\/td>\n

\n

$150,000<\/p>\n<\/td>\n

\n

$100,000<\/p>\n<\/td>\n

\n

$75,000<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

PLANNED PURCHASES<\/strong><\/p>\n<\/td>\n

\n

$474,000<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

MONTHLY ON ORDER<\/strong><\/p>\n<\/td>\n

\n

$87,500<\/p>\n<\/td>\n

\n

$75,000<\/p>\n<\/td>\n

\n

$50,000<\/p>\n<\/td>\n

\n

$37,500<\/p>\n<\/td>\n

\n

$25,000<\/p>\n<\/td>\n

\n

$31,250<\/p>\n<\/td>\n

\n

$306,250<\/p>\n<\/td>\n<\/tr>\n

\n

 <\/strong><\/p>\n<\/td>\n

\n

OPEN TO BUY<\/strong><\/p>\n<\/td>\n

\n

$386,500<\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

\n

$1,025,000<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

B2<\/strong><\/p>\n<\/td>\n

\n

AVERAGE MONTHLY SALES<\/strong><\/p>\n<\/td>\n

\n

 <\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

B3<\/strong><\/p>\n<\/td>\n

\n

AVERAGE MONTHLY ON ORDER<\/strong><\/p>\n

<\/p>\n<\/td>\n

\n

 <\/p>\n

<\/p>\n

\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Part B. (30%) Submit in Week 12.  Using the figures provided below, you will calculate your stores open to buy.    Use the Excel Spreadsheet provided to complete this part. I must be able to see your calculation in the sheet. Show all work on an Excel spreadsheet in a traditional OTB grid format as the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[111],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/29450"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=29450"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/29450\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=29450"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=29450"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=29450"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=29450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}