Step 1: Pick any 5 styles from your buy category and include an image for each below. Make sure you take note of what the MSRP/listed price is for each. Picture of style #1 Picture of style #2 Picture of style #3 Picture of style #4 Picture of style #5 Price: $ 35 Price: $28 Price: $38 Price: $28 Price: $35 Step 2: Write out the formula to determine buy quantity: Step 3: Calculate the projected number of units you will buy based off of the below data from a similar style sold last year. Plan each buy at a 75% sell through. Style #1: (like style LY sold 367 units) Style #2: (like style LY sold 201 units) Style #3: (like style LY sold 673 units) Style #4: (like style LY sold 281 units) Style #5: (like style LY sold 599 units) Step 4: Based on the above calculated buy quantity give each of your styles a ranking. You can properly rank based on the buy quantity you've projected you'll purchase. Next, explain your reasoning behind the ranks you've assigned. (Note, styles you are buying higher quantities of will have a "higher" rank, styles with lower buy quantities will be ranked "lower" or marked as fashion" buys) Style #1 rank: Style #2 rank: Style #3 rank: Style #4 rank: Style #5 rank: Provide your reasoning on why you've assigned the above style rankings: Step 5: Lastly, calculate your total buy quantity and projected dollar amount spent. (Think back to our inventory calculation HW assignment when calculating your totals.) Total units planned to purchase: Total $ planned to spend: Step 1: Pick any 5 styles from your buy category and include an image for each below. Make sure you take note of what the MSRP/listed price is for each. Picture of style #1 Picture of style #2 Picture of style #3 Picture of style #4 Picture of style #5 Price: $ 35 Price: $28 Price: $38 Price: $28 Price: $35 Step 2: Write out the formula to determine buy quantity: Step 3: Calculate the projected number of units you will buy based off of the below data from a similar style sold last year. Plan each buy at a 75% sell through. Style #1: (like style LY sold 367 units) Style #2: (like style LY sold 201 units) Style #3: (like style LY sold 673 units) Style #4: (like style LY sold 281 units) Style #5: (like style LY sold 599 units) Step 4: Based on the above calculated buy quantity give each of your styles a ranking. You can properly rank based on the buy quantity you've projected you'll purchase. Next, explain your reasoning behind the ranks you've assigned. (Note, styles you are buying higher quantities of will have a "higher" rank, styles with lower buy quantities will be ranked "lower" or marked as fashion" buys) Style #1 rank: Style #2 rank: Style #3 rank: Style #4 rank: Style #5 rank: Provide your reasoning on why you've assigned the above style rankings: Step 5: Lastly, calculate your total buy quantity and projected dollar amount spent. (Think back to our inventory calculation HW assignment when calculating your totals.) Total units planned to purchase: Total $ planned to spend
