Have a question?
Message sent Close

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

 

Faq Content 1
Faq Content 2

Productivity Hacks to Get More Done in 2018

— 28 February 2017

  1. Facebook News Feed Eradicator (free chrome extension) Stay focused by removing your Facebook newsfeed and replacing it with an inspirational quote. Disable the tool anytime you want to see what friends are up to!
  2. Hide My Inbox (free chrome extension for Gmail) Stay focused by hiding your inbox. Click "show your inbox" at a scheduled time and batch processs everything one go.
  3. Habitica (free mobile + web app) Gamify your to do list. Treat your life like a game and earn gold goins for getting stuff done!


Be the first to add a review.

Please, login to leave a review
Get course
Enrolled: 34 students
Duration: 10 hours
Lectures: 4
Video: 9 hours
Level: Advanced

Archive

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
Price:
₹90