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Significance of Item Master Classification in Shoper 9. January 20 10. Objectives. Significance of item master classification Procedure for item master classification Samples of item master classification done for various verticals. Item Master Classification.
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Significance of Item Master Classification in Shoper 9 January 2010
Objectives • Significance of item master classification • Procedure for item master classification • Samples of item master classification done for various verticals
Item Master Classification Process used to classify items by specifying its attributes like Product, Brand, Size, Style, and so on Ensures unique identification of an item for any transaction
Benefits Proper item master classification helps to: Improve the operational efficiency which would eventually ease inventory management View various reports which would enable forecasting Reorder the stocks on time Analyse quality reports to identify the strengths and weaknesses to take measures for improving the business Define promotional schemes (Offers & Discounts) based on various attributes
Prerequisites Identify the type of business Single brand (Exclusive) Multi brand (Inclusive) Identify the type of store Single Store Chain Store Consignment
Item Classifications Super Classifications Business/ store deals with more than one segment Top hierarchy of the item classification Two Super Classifications Basic Classifications Key attributes to arrive at the uniqueness of the items Five Basic Classifications Analysis Classifications Provision to classify the attributes as 32 Analysis codes Optional
Different Methods used to Create Item Master Direct entry of item details in item details grid. The steps are: Select the required fields Specify the common fields, if any Enter the item details Save the details in the item details grid Copy item details from an MS-Excel sheet and paste it in item details grid. The steps are: Create an MS-Excel sheet with the same order of data columns as in item details grid of Item Master Entry window Enter the values for each data column Copy the details from MS-Excel sheet and paste it in the item details grid Save the details in the item details grid
Best Practices Verify the details in the MS-Excel sheet before copying it Check whether the information copied from MS-Excel sheet is correctly pasted in the respective data columns in the item details grid Check whether the values are correct with respect to the data type defined for each data Make sure that none of the columns is left blank or with null values
Sample Item Master Classifications Apparel Exclusive Brand Outlets Multi Brand Outlets (MBO) Footwear Exclusive Brand Outlets Multi Brand Outlets (MBO) Textile