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Diploma in Retail Buying & Merchandising

Diploma in Retail Buying & Merchandising

Course Overview: The Diploma in Retail Buying & Merchandising is designed to provide students with a comprehensive understanding of the key principles and practices involved in retail buying and merchandising. Through a blend of theoretical knowledge and practical applications, students will develop the skills necessary to excel in various roles within the dynamic retail industry.

Course Objectives:

  • Gain insight into the fundamentals of retail buying, including sourcing, negotiation, and supplier management.
  • Understand the strategic importance of merchandising in driving sales and maximizing profitability.
  • Analyze market trends, consumer behavior, and competitor activity to inform buying and merchandising decisions.
  • Develop proficiency in inventory planning, forecasting, and management to optimize stock levels and minimize excess inventory.
  • Learn how to utilize retail math and analytics to make data-driven buying and merchandising decisions.
  • Explore the role of fashion and trend forecasting in shaping product assortment and buying strategies.
  • Understand the principles of supply chain management and their impact on retail buying and merchandising processes.
  • Gain insights into retail operations, including store layout, visual merchandising, and sales strategies.
  • Explore ethical and sustainable practices in retail buying and merchandising.
  • Develop effective communication and negotiation skills for interacting with suppliers, colleagues, and stakeholders in the retail industry.

Course Modules:

  1. Introduction to Retail Buying

    • Understanding the role of the buyer in retail.
    • Key principles of retail buying.
    • Overview of sourcing and supplier selection.
  2. Merchandising Strategies

    • The strategic importance of merchandising in retail.
    • Product selection, pricing, and promotional strategies.
    • Merchandising planning and execution.
  3. Market Analysis and Consumer Behavior

    • Analyzing market trends and consumer behavior.
    • Competitive analysis and benchmarking.
    • Market research techniques.
  4. Inventory Management

    • Inventory planning and forecasting.
    • Stock control and replenishment strategies.
    • Managing inventory turnover and reducing excess inventory.
  5. Retail Math and Analytics

    • Understanding key retail metrics.
    • Utilizing data analysis tools for decision-making.
    • Forecasting sales and setting performance targets.
  6. Fashion and Trend Forecasting

    • The role of fashion and trend forecasting in retail.
    • Identifying and interpreting fashion trends.
    • Forecasting future trends and adapting assortments accordingly.
  7. Supply Chain Management

    • Overview of supply chain management in retail.
    • Supplier relationship management.
    • Logistics and distribution strategies.
  8. Retail Operations

    • Store layout and design principles.
    • Visual merchandising techniques.
    • Sales strategies and customer engagement.
  9. Ethical and Sustainable Practices

    • The importance of ethical sourcing and sustainability in retail.
    • Corporate social responsibility in buying and merchandising.
    • Implementing sustainable practices in retail operations.
  10. Communication and Negotiation Skills

    • Effective communication techniques for retail professionals.
    • Negotiation strategies for securing favorable terms with suppliers.
    • Building strong relationships with stakeholders.

Assessment Methods:

  • Written assignments and case studies.
  • Practical exercises and simulations.
  • Group projects and presentations.
  • Final examination.

Career Prospects: Graduates of the Diploma in Retail Buying & Merchandising can pursue various career opportunities in the retail industry, including:

  • Retail Buyer
  • Merchandiser
  • Inventory Planner
  • Retail Manager
  • Supply Chain Analyst
  • Market Research Analyst

Duration: 6 Months


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Enrolled: 34 students
Duration: 10 hours
Lectures: 4
Video: 9 hours
Level: Advanced


Working hours

Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed
Diploma in Retail Buying & Merchandising