Question
“Objectives of the buying process at an operational level”
The buying process at an operational level in the context of *Buying and Merchandising-II* involves specific objectives to ensure smooth and efficient functioning of retail operations. The primary focus is to align procurement activities with business goals, ensuring the right products are available at the right time, in appropriate quantities, and at optimal costs. Below are the key objectives of the buying process at an operational level:
1. Product Availability and Stock Management:
A crucial objective is to maintain consistent availability of products in stores to meet customer demand. Buyers need to forecast demand accurately ___ __________ _________ _________ ________ __________ ____________ ___________ _______ ____ ____________ ____ _____ ___________.
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“Savla store caters to the needs of especially middle class”.
“Every product category and brand which deals with life-style or fashion operates generally in the core and fashion range”.
Describe briefly the current retail scenario in India. Which products command the top position in retail at present?
Direct Expenses and Indirect Expenses
What do you mean by ‘Method of Presentation? Discuss ideal presentation standards in the retail store giving suitable examples.
What do you mean by merchandising? Describe its process.
Open to buy (OTB)
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