I need the explanation
merchandise plan assortment plan Sheet3 Sheet4 6 MONTH BUYING PLAN_Final Project student 1 student 2 student 3 student 4 student 5 $225.00 Students (4 or 5 on team) Sales (LY) % Planned Increase Planned Sales for Period 15% $258.75 note that this # is rounded up for season total in H14) Initial Markup % Planned Reductions % FEB 52.95% 3% note: that this is based on plan for TY and on result of LY seag MAR APR MAY JUNE 13.16% 17.23% 15.77% 17.05% 18.95% 5.43 4.17 5.19 4.95 4.03 2.2% 2.0% 2.1% 3.9% 5.0% Sales Distribution Stock-Sales Ratio Reductions Distribtution $34.08 $185.05 $44.16 $218.59 $197.79 $49.08 $197.79 $223.17 $186.11 PLANNED MONTHLY SALES PLANNED MONTHLY BOM PLANNED MONTHLY EOM PLANNED MONTHLY REDUCTIONS PLANNED PURCHASES AT RETAIL PLANNED PURCHASES AT COST (OTB) $44.63 $186.11 $211.98 $5.18 $75.68 $35.61 $40.84 $211.98 $218.59 $5.44 $52.89 $24.89 $10.10 $12.95 $5.70 $40.84 $19.22 $33.47 $15.75 $87.41 $41.13 merchandise plan assortmei student 5 H14) esult of LY season JUNE JULY 18.95% NOTE: since markdowns increase SEASON AUGUST 4.03 17.84% 100.00% 4.83 turnover rate ??? 3.8% 4.75 5.0% 250 44.39 $49.08 $197.79 $46.21 $259.00 $223.17 average inventory ?????? $210.85 $223.17 $12.95 $87.41 $41.13 $9.84 $49.21 $43.73 ? Need a total $20.57 1. Turnover Rate = 5.43+4.17+ 5.19+4.95+4.03+4.83 = 28.6 2. Average Inventory = 185.05 +186.11+211.98+218.59+197.79+223.17 = 1222.69 /6 = 203.78 3. Planned Purchases at Retail = 40.84+75.68+52.89+33.47+87.41+43.73 = 334.02 Explain why your stock turnover rate (cell H11) is high or low compared to industry averages, and what could potentially be impacting this rate based on the seasonal information provided and your understanding of stock turnover rates. merchandise plan assortment plan Sheet3 Sheet4 6 MONTH BUYING PLAN_Final Project student 1 student 2 student 3 student 4 student 5 $225.00 Students (4 or 5 on team) Sales (LY) % Planned Increase Planned Sales for Period 15% $258.75 note that this # is rounded up for season total in H14) Initial Markup % Planned Reductions % FEB 52.95% 3% note: that this is based on plan for TY and on result of LY seag MAR APR MAY JUNE 13.16% 17.23% 15.77% 17.05% 18.95% 5.43 4.17 5.19 4.95 4.03 2.2% 2.0% 2.1% 3.9% 5.0% Sales Distribution Stock-Sales Ratio Reductions Distribtution $34.08 $185.05 $44.16 $218.59 $197.79 $49.08 $197.79 $223.17 $186.11 PLANNED MONTHLY SALES PLANNED MONTHLY BOM PLANNED MONTHLY EOM PLANNED MONTHLY REDUCTIONS PLANNED PURCHASES AT RETAIL PLANNED PURCHASES AT COST (OTB) $44.63 $186.11 $211.98 $5.18 $75.68 $35.61 $40.84 $211.98 $218.59 $5.44 $52.89 $24.89 $10.10 $12.95 $5.70 $40.84 $19.22 $33.47 $15.75 $87.41 $41.13 merchandise plan assortmei student 5 H14) esult of LY season JUNE JULY 18.95% NOTE: since markdowns increase SEASON AUGUST 4.03 17.84% 100.00% 4.83 turnover rate ??? 3.8% 4.75 5.0% 250 44.39 $49.08 $197.79 $46.21 $259.00 $223.17 average inventory ?????? $210.85 $223.17 $12.95 $87.41 $41.13 $9.84 $49.21 $43.73 ? Need a total $20.57 1. Turnover Rate = 5.43+4.17+ 5.19+4.95+4.03+4.83 = 28.6 2. Average Inventory = 185.05 +186.11+211.98+218.59+197.79+223.17 = 1222.69 /6 = 203.78 3. Planned Purchases at Retail = 40.84+75.68+52.89+33.47+87.41+43.73 = 334.02 Explain why your stock turnover rate (cell H11) is high or low compared to industry averages, and what could potentially be impacting this rate based on the seasonal information provided and your understanding of stock turnover rates
