Learn more on what to consider when setting up your merchandise hierarchy [ Ссылка ]
When you start a new retail or ecommerce business, one of the things that you need to set up from the start is your merchandise hierarchy.
This is simply a way of organizing your product portfolio into different categories and sub levels that will make it easier for you to monitor and analyze your inventory in the future.
For example, Instead of reading a report about the sales of your men’s department in general, you’d rather have a report that shows you what exactly in mens’ department is selling and what is not selling.
This can only be done if you have set up your merchandise hierarchy.
In general, the number of levels in a merchandise hierarchy is 5 to 6 levels. These could be: Division, Group, Department, Class and Subclass.
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