Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the buyer of Mens sportswear for Macys. You are preparing to go to market and work with the following two vendors: Polo Player

You are the buyer of Mens sportswear for Macys. You are preparing to go to market and work with the following two vendors:

Polo Player

Marlin Fein

Here are the 2017 end of year sales and gross margin profitability results:

Vendor

Polo Player

Marlin Fein

Actual Sales

$17,975,000

$9,450,000

Planned Sales

$17,200,000

$10,985,000

Actual MD %

41.6%

48.5%

Planned MD %

42.5%

42.0%

Actual GM %

45.2%

40.5%

Planned GM %

44.5%

44.0%

Late shipment percentage

10.0%

20.0%

You will need to formulate a strategy and address the following points:

  1. Which vendors should get more of your open-to-buy for fall? Which vendors could potentially get less of your open-to-buy? Why?

  1. After analyzing their business and shipping performance, you will need negotiate with the vendors assistance to improve their sales, gross margin and shipping performance. As the buyer, how will you negotiate this with each vendor? What will you ask the vendor for and why?
  1. Present your case to the vendors. Explain why you need for them to help you. If you do not secure any assistance, what other actions can you take as the buyer?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: W. Steven Albrecht, James D. Stice, Earl Kay Stice, K. Fred Skousen, Albrecht S.E.

8th Edition

0324066708, 978-0324066708

More Books

Students also viewed these Accounting questions

Question

The given angles are approximate find for 0 Answered: 1 week ago

Answered: 1 week ago

Question

Explain how to reward individual and team performance.

Answered: 1 week ago