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What is a merchandise planner salary?

What is a merchandise planner salary?

The estimated total pay for a Merchandise Planner is $85,509 per year in the United States area, with an average salary of $67,213 per year.

What does a merchandise planner do?

Merchandise Planners or Merchandisers are responsible for ensuring that the right amount of stock and enough of each size is available for the store in question. They must recognise the selling potential in products that buyers want to sell in the department.

How much does a merchandise planner make at Target?

The base salary for Merchandise Planner in companies like TARGET CORP range from $74,957 to $95,823 with the average base salary of $85,026.

How do I become a good merchandise planner?

The best merchandise planners are logical about predicting their customers’ needs. The more passionate they are about their product, the better they’re able to forecast the future needs and sales of their department, store or organization. And they’ll be more likely to excel in their role.

What is the difference between buyer and planner?

The main difference between a Buyer and Planner as they work with Marketing is that a Buyer provides information to Marketing whereas a Planner receives information. Since a Buyer’s responsibility is determining the selling quantity, their objective is to sell products as effectively as possible.

What is the process of merchandise planning?

Merchandise planning is a method of selecting, managing, purchasing, displaying, and pricing the products in a manner that brings in maximum returns on investment, value addition to the brand name by satisfying the consumer needs while avoiding the creation of excess inventory.

How much does an inventory analyst at Target make?

How much does an Inventory Analyst make at Target in the United States? Average Target Inventory Analyst yearly pay in the United States is approximately $64,809, which is 26% above the national average.

How do you do a 6 month merchandising plan?

Seven-Step Procedure for Calculating the Six-Month Merchandise Plan/Budget

  1. Total Planned Sales and Total Planned Reductions.
  2. Monthly Distribution of Total Planned Sales.
  3. Monthly Distribution of Total Planned Reductions.
  4. Beginning of the Month (BOM) Stock for each Month.
  5. Ending of the Month (EOM) Stock for each Month.

What does an inventory analyst do?

Inventory analysts work in the retail, wholesale, distribution, and manufacturing sectors to help the organization’s management with purchasing inventory, allocating resources, and forecasting future sales. Also known as purchasing managers, inventory analysts maximize an organization’s production.

What does an inventory analyst do at Target?

As an Inventory Analyst, you’ll develop business strategies to drive availability and profitable sales. Make an impact by managing and allocating inventory to stores, negotiating and maintain business relationships with the largest vendors in the industry, and formulating in-depth inventory forecasts.

What’s the difference between a buyer and a planner?