Merchandising Process Flowcharts

by | Aug 5, 2018 | Customer Service | 0 comments

Traffic is a modern term that has established a presence in the contemporary imagination. Most people associate the term with vehicular traffic that clogs city streets in every major town and cityscape. This is natural because traffic gridlocks and chaotic flow of traffic affects most citizens on the face of the earth. However, if we expand the meaning of traffic, we realize that traffic refers to any sequence of systematic movement that is undertaken on a regular basis. Certain illegal sets of actions, unsavory practices, and criminal rackets also qualify for the term, but these remain outside the purview of this article. Modern trade and commerce rely on a steady traffic of goods and services. Business operators must systematically define these movements in a bid to scale up their operations, reinforce the time value of money, and regularly create a finite amount of value for their consumers and customers. In this context, we may view every merchandising process as a manifestation of traffic that permeates commercial processes. Most business operators rely on flowcharts to sketch such processes. The use of these analytical instruments allows businesses to create a system of regular movements, processes, and choices benchmarked against the proverbial ticking clock.

The garment manufacturing and trading business represents one of the core sectors in certain national economies. It generates significant potential for mass employment and creates a turnover valued at billions of dollars annually. The merchandising process in this business is a complex sequence of actions and negotiations that lays the foundation of this trade. A flowchart, when designed to depict this merchandising process, may commence at an early stage wherein an order is received from the buyer. The subsequent stages of this diagram may include the development of sample products, extended price negotiations, order confirmation, a contract for supplying fabrics in bulk, etc. This flowchart essentially maps the process in significant detail, thereby creating a roadmap for business. Such a flowchart also tests the ability of management cadre to supply manpower and implement operational processes with a view to drive business. In addition, this flowchart may serve as a blueprint for future commercial contracts that may entail higher rates of production and larger turnovers.

Accessories represent a small, but critical aspect of any business operation. Every line of the manufacturing trade sells parts and accessories to customers in a bid to extend the scope of commercial transactions. Flowcharts can be deployed to plan and implement this part of the merchandising process. For instance, a business operator may create a separate line of accessories with a view to upsell products and add heft to the business bottom line. This can find representation inside a flowchart diagram as a series of stages that originate in procurement contracts. The subsequent stages detail negotiations with suppliers, the selection of a range of accessories, the inking of business contracts, and transport mechanisms that allow such accessories to enter the business premises. Business operators must invest in efforts to lock in such contracts to ensure the steady flow of accessories into the market. In time, they may expand the flowchart diagram to include multiple suppliers in a bid to expand their offerings. Further, ongoing conversations with suppliers may allow the business to avail deep discounts from suppliers. These actions must reflect in the flowchart diagram because they form a central part of the merchandising process.

Merchandisers form an important link between buyers and sellers. Every merchandiser must invest effort in constantly surveying the market to track the emergence of new suppliers and seek new buyers. This technique can be embellished by the creation (and subsequent expansion) of flowchart diagrams. A novice merchandiser may explore business opportunities and enter the results into a flowchart diagram. His or her subsequent efforts and exposure to the market may help expand the flowchart in terms of new contacts, new connections to buy and sell, emerging demand for new products, the development and entry of new product lines, etc. Essentially, this flowchart diagram must enable the merchandising process and promote the overarching cause of modern commerce. In addition, merchandisers may seek to delineate suppliers and consumers of bulk products; this approach may allow the business enterprise to accurately estimate its quarterly revenues and turnover. The intelligent merchandiser may add certain modules to the flowchart in a bid to drive business expansion plans. This illustration clearly spotlights the utility of deploying flowcharts as a planning mechanism and operational tool in the modern merchandising process.

Product pricing is central to modern commercial negotiations. Businesses that invest in their merchandising process can elect to develop flowcharts that map the various aspects of pricing a tangible product. Such a flowchart can comprise a general schema to drive product purchases, a price list for customers, a sales-driven pricing list, a method that enables vendors to view competing price lists in the market, dynamic re-pricing mechanisms, etc. Each of these stages is designed to enable business sales to all manner of consumers and customers. This flowchart may evolve into a dense image in time because multiple lines of connections may link various stages, thereby fashioning the contours of a sophisticated selling machine. In addition, vendors can choose to include various appendages designed to boost sales at specific points in the calendar year. Further, large business operators may deploy separate flowcharts to plan product pricing techniques and maneuvers with a view to cope with competitive pressures and service emerging trends in modern markets.

Every business enterprise must drive product development initiatives as part of the merchandising process. Flowchart diagrams allow these businesses to plan the development of such initiatives in tune with demand from local and regional markets. Such flowcharts must ideally originate in the planning of different product styles and their myriad details. The forms of investment, the rationale for driving such initiatives, and marketing strategies should figure prominently in such a flowchart. In addition, certain stages in said diagram should elaborate on the commercial gains that will likely accrue following the deployment of new product development. Further, these flowcharts should focus on specification sheets as part of broader efforts in this project. The merchandising process flowchart should also take note of contemporary consumer sentiments in the market in a bid to justify the investment of capital in such initiatives.

The foregoing paragraphs have outlined the utility of deploying flowcharts in the creation of the modern merchandising process. The complexities that attend modern trade and commercial activities have driven a reliance on analytical tools such as the flowchart diagram. Business planners and merchandising strategists must drive the creation of such blueprints in the interests of business survival and expansion. The multiple moving parts that dignify contemporary commerce demand a fine balance between various stakeholders and unknown factors that impact business operations. In line with this, merchandisers must work in concert with product design groups and marketing teams in a bid to expand the footprint of a business enterprise. They must constantly work to refine their flowchart diagrams with a view to accommodate emerging trends. Fresh flowcharts are deemed necessary in response to the entry of new competition in the marketplace. This will likely enable market incumbents to deal with evolving scenarios and thrive in a competitive market.

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