1. View and analyze an example of a basic retail inventory performance report: Sample Item Inventory Performance Report
2. Based on your analysis of the unit and sales data in the report, identify at least two items that are under-performing and write a Microsoft Word document. It should be a comprehensive summary (400-500 words) to discuss the following topics:
Discuss at least one (1) merchandising issue that could be affecting the performance of these items (e.g., changes in item locations, poor signage, not following planograms, etc.).
Thinking back to external factors covered in prior weeks, discuss how environmental factors can affect performance.
Make one (1) recommendation for each of the two under-performing items you identified from the Item Inventory Performance Report.
According to the sample Item Inventory Performance Report, there are a few items that are under-performing in terms of units and sales. The first item is a type of shirt that has had a decline in units sold and a decrease in sales compared to the previous year. One potential merchandising issue that could be affecting the performance of this item is a change in its location within the store. If the shirt has been moved to a less visible or less accessible location, it could be impacting its sales. Poor signage could also be an issue, as customers may not be able to easily find the shirt if it is not clearly marked. Additionally, if the store is not following planograms, it could be causing confusion for customers and leading to a decline in sales for the shirt.
Environmental factors can also play a role in the performance of the shirt. For example, if the weather has been particularly hot or cold, it could affect the demand for certain types of clothing. In the case of the shirt, if the weather has been unusually warm, it could decrease the demand for long-sleeved shirts. On the other hand, if the weather has been colder than usual, it could increase the demand for these types of shirts.
One recommendation for improving the performance of this item would be to review the current location of the shirt within the store and consider moving it to a more visible or accessible location. Additionally, ensuring that the shirt is properly signed and that the store is following planograms could also help improve its sales.
The second under-performing item identified in the report is a type of shoe. Like the shirt, this item has also experienced a decline in units sold and a decrease in sales compared to the previous year. One potential merchandising issue that could be affecting the performance of this item is a lack of variety in sizes and styles. If the store is not carrying a wide range of sizes or styles of the shoe, it could be limiting the appeal of the product to customers. Poor signage could also be an issue, as customers may not be able to easily find the shoe if it is not clearly marked.
Environmental factors can also impact the performance of the shoe. For example, if the weather has been particularly dry or wet, it could affect the demand for certain types of footwear. In the case of the shoe, if the weather has been unusually dry, it could decrease the demand for waterproof footwear. On the other hand, if the weather has been wetter than usual, it could increase the demand for waterproof shoes.
One recommendation for improving the performance of this item would be to review the current selection of sizes and styles of the shoe and consider adding more variety to appeal to a wider range of customers. Additionally, ensuring that the shoe is properly signed and that the store is following planograms could also help improve its sales.
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.