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Description

Retail buying and merchandising is a very exciting field that looks at how retail enterprises go about
planning the buying and selling of the right products
, at the right place, right time, in the correct quantities, to the correct customer and at the correct price.
However, it isn't an easy topic to get your head around and that's largely due to the fact that
the subject matter is littered with specialised terminology, concepts, jargon, acronyms
, etc. For individuals who are new to the field it can be quite daunting to understand what these concepts mean, let alone getting a full picture of how everything ties in together to realise the complex clockwork of the buying and merchandising cycle.
This beginner course in retail buying and merchandising is quite special - special in the sense that it isn't your regular textbook or mishmash of explanations and it doesn't make assumptions on prior knowledge. This means that
you'll be able to connect with the concepts regardless of your educational or professional background
.
Furthermore, the course decomposes the topic into
a number of fundamental but interrelated perspectives that describe the subject matter
in a logical way. These perspectives define the course structure and also allow the discussion of useful examples taking into account the real-life industry aspects.
The course comprises of a range of audio-visual lectures with exercises towards the end of each relevant section to test your understanding of the topic.
So, are you ready to
go from newcomer to all-rounder in retail buying and merchandising
? You've stopped at the right course that's going to fast track your learning in record time!
Who this course is for:
Anyone who is new to the area of buying and merchandising
Students and professionals with an interest in buying and merchandising
Jobseekers preparing their next interview for a related role
This course does not cover advanced principles and also does not deal with in-depth Excel for retail

What you'll learn

Understand how the field of buying and merchandising works

Obtain an all-round picture of the topic from a practical and industry perspective

Become familiar with concepts, jargon and acronyms

Decide whether you want to pursue a career in buying and merchandising

Build a solid foundation for more in-depth courses in the subject matter

Understand basic metrics and how to set up spreadsheets for analysing data in retail merchandising

Requirements

  • You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
  • No previous design experience is needed.
  • No previous Adobe XD skills are needed.

Course Content

27 sections • 95 lectures
Expand All Sections
1-Introduction
6
1.1-Welcome
1.2-Buying and merchandising in a nutshell
1.3-Learning outcomes
1.4-Checkpoint: Will this course meet my needs?
1.5-Course structure
1.6-Conclusion
2-Product perspective
7
2.1-Overview
2.2-The product life cycle
2.3-New product development
2.4-Product groupings: Part 1
2.5-Product groupings: Part 2
2.6-Conclusion
2.7-Product perspective
3-Supply chain perspective
7
3.1-Overview
3.2-Sourcing model: Part 1
3.3-Sourcing model: Part 2
3.4-Full service model
3.5-Critical path, inventory and more
3.6-Conclusion
3.7-Supply chain perspective
4-People perspective
8
4.1-Overview
4.2-Internal collaboration
4.3-Organisational structure
4.4-Roles and responsibilities
4.5-The buyer profile
4.6-The merchandiser profile
4.7-Conclusion
4.8-People perspective
5-Process perspective
12
5.1-Overview
5.2-Merchandise management roadmap: Part 1
5.3-Merchandise management roadmap: Part 2
5.4-Planning the buying strategy
5.5-Range planning
5.6-SWOT analysis
5.7-Product development
5.8-Sales forecasting and OTB planning
5.9-Stock management
5.10-Planning the pricing architecture
5.11-Conclusion
5.12-Process perspective
6-Technology perspective
5
6.1-Overview
6.2-Enterprise systems
6.3-Data architecture
6.4-Conclusion
6.5-Technology perspective
7-Numerical and reporting perspective
6
7.1-Overview
7.2-Basic metrics used in merchandise planning
7.3-Example: Critical path tracker
7.4-Example: WSSI
7.5-Conclusion
7.6-Numerical and reporting perspective
8-Conclusion
5
8.1-E-commerce overview
8.2-[Audio] Challenges in retail buying and merchandising
8.3-Final words
8.4-Downloads
8.5-Acknowledgements and more