Course details
This module is designed to enhance skills in buying merchandise for retail. The key focus is on Consumer- Centric Buying and Relevancy to Market Merchandising Concepts. The course will enable participants to forecast accurately the needs of their customers and maximise customers’ satisfaction with the appropriate merchandise. Participants will learn to mix the store’s merchandise to appeal to their customers. Even with sophisticated technology available to the retailers, the high level of purchasing decisions and tasks to be performed requires a great deal of experience and relevant knowledge.
This unit is delivered through lectures, questions and answers, case studies, presentations, group discussions, demonstrations and hands-on activities.
OBJECTIVES
- An understanding of various concepts, philosophies and theories of retail buying and management of merchandise and inventory.
- A practical approach to purchasing for executives within a retail environment.
- Planning, execution and evaluation of purchases to meet consumer needs in a highly dynamic retail setting.
- Practical application of mathematics in retail buying.
- An entrepreneurial view of purchasing to maximise corporate productivity.
- Benchmark from best practice in retail buying and merchandising management.
ENTRY REQUIREMENT
Possess at least 3 GCE “O” level passes including English and Mathematics or ES WSQ Workplace Literacy and Numeracy (WPLN) level 5 and above.
GRADUATION REQUIREMENTS
Participant will be awarded the WSQ Statement of Attainment (SOA) provided he/she meets the following requirements:
- 75% attendance rate
- Assessed to be competent in given competency standard
CERTIFICATE ISSUANCE
Upon succcessful completion of the course, trainee will be awarded the WSQ Statement of Attainment (SOA). WSQ Certification is nationally endorsed and recognised by industry partners.
WHO SHOULD ATTEND
- Assistant Merchandisers
- Buyers
- Sales Supervisors
- Store Managers
- Fashion Designers
- Entrepreneur
KEY LEARNING AREAS
- Retail categories and retail formats
- Role of buyer
- Key performance indicators
- Central buying system
- Mark ups, margins and retail price computations
- Assortment and open to buy plans
- Merchandising for customer demographics and store profile
- Create and/or manage fashion brand
- Supplier selection criteria
Course Location
About The Academy Of Fashion Professions
TaF.tc (The Academy of Fashion Professions) is the training arm of the TaF.f (Textile & Fashion Federation). It’s also the first Continuing Education and Training Centre (CET) for the textile and fashion industry in Singapore, with the vision of becoming the leading capability developer in the global fashion industry. TaF.tc offers specially designed courses and programmes to prepare fashion students for a creative career in the highly competitive fashion industry, and to help industry professionals develop and specialise. Local and global fashion collaborations mean TaF.tc can offer unrivalled, continuously updated services, enabling the Academy to stay in line with leading national and international fashion industry standards. TaF.tc provides intensive training programmes for individuals from various disciplines,
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