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Paul Miller
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Then compare this year’s open-to-buy plans to previous years’ plans so this year’s plan is consistent, Goodman said. Constantly compare your current plan to your budget to see where you can make changes.
“Channel planning is effective only if inventory is allocated to each channel,” he noted. “If you have two separate warehouses with the same products in each, know which products will be used to fill Internet and catalog orders, and retail store stock.”
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