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Merchandise management refers to the systematic planning, buying, and handling of products in a retail or fashion business to ensure the right merchandise is available at the right time, in the right quantity, at the right price, and in the right place. It is a critical aspect of the fashion industry as it directly influences sales, profitability, customer satisfaction, and the overall brand image. Effective merchandise management helps in balancing supply and demand, avoiding overstock or stockouts, and ensuring that the products offered match consumer preferences and market trends. It also integrates various functions, including buying, planning, inventory control, and visual merchandising, creating a cohesive approach to presenting and selling fashion products. One of the important tasks in merchandise management is merchandise planning, which involves _________ ______ ______ ______ ____.
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