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Each entry opens with a quotable definition, followed by the operational context in which the term is used.
Retail planning glossary
Definitions that can stand on their own
The PACX glossary defines retail planning terms in plain language and separates the definition from product or vendor claims.
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- Merchandise financial planningHow sales, margin, inventory, receipts and open-to-buy are reconciled.Read more
- Open-to-buyThe purchasing capacity remaining against the merchandise plan.Read more
- Inventory distortionLoss created by out-of-stocks, overstocks or inventory in the wrong location.Read more
- Agentic AI in retail planningBounded software participation in a governed retail decision workflow.Read more