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By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. It’s a different approach and a different thought process.
We refer to these as Merchant-driven organizations. Consider whether the budget is for the entire company or specific segments, such as the e-commerce division or the wholesale part of the business. In some organizations, the OTB (budget) serves more as a guiding or advisory tool. Set your budget review interval.
We refer to these as Merchant-driven organizations. Consider whether the budget is for the entire company or specific segments, such as the e-commerce division or the wholesale part of the business. In some organizations, the OTB (budget) serves more as a guiding or advisory tool. Set your budget review interval.
Scot: [6:16] Should be over should be like part of the onboarding. So it’s an area where companies are looking to save money very quickly because you’re not locked into certainty or anything like that like you would, be with some software as a service platforms.
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