Intermediate Fashion Merchandise Buying (Classroom and Asynchronous e-learning)
About This Course
The course 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 maximize 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 course examines the
1) Role of a buyer and merchandiser
2) Focuses on the procurement processes
3) Development of merchandise plans
4) Productivity measures
5) Vendor performance management.
6) Assortments mix
7) Pricing
8) Resource development
9) Interpretation of customer demands.
This course will be delivered in a highly pragmatic and practical manner based on years of international retailing experience especially in the area of buying and merchandising management. Buyers are not selling agents for vendors but rather purchasing agents for the customers they are serving within their organization.
This training is delivered through lecture, case studies, presentations, group discussions, demonstration and hands-on activities.
What You'll Learn
Create structured plans that align merchandise selection with business goals and customer demand.
2. Manage and negotiate with suppliers on product costing, delivery terms, promotions, and new launches
Strengthen negotiation skills to secure favorable pricing, terms, and promotional support from vendors.
3. Manage merchandise buying budgets effectively
Allocate and control financial resources to optimize profit margins and prevent overstock or shortages.
4. Liaise with the marketing department for promotional activities
Coordinate merchandise plans with marketing campaigns to maximize visibility and sales impact.
5. Determine required stock levels based on peak seasons, special events, and supplier lead times
Forecast demand accurately to ensure sufficient inventory while avoiding excess stock.
6. Adjust merchandise ranges and sources of supply according to stock requirements
Refine product assortments and sourcing strategies to adapt to changing demand and supply conditions.
Entry Requirements
MINIMUM AGE:
▪ 21 YEARS OLD
SINGAPOREAN / SINGAPORE PR:
▪ GCE ‘O’ LEVEL CREDITS WITH MINIMUM GRADE C6 FOR 3 SUBJECTS, INCLUDING ENGLISH AND MATHEMATICS; OR
▪ WSQ ADVANCED CERTIFICATE IN FASHION TECHNOLOGY; OR
▪ ADVANCED CERTIFICATE FROM ANY PEI; OR
▪ HIGHER NITEC
ENGLISH REQUIREMENTS:
▪ GCE "O" LEVEL CREDITS WITH A MINIMUM OF C6; OR
▪ IELTS SCORE 5.5 OR TOEFL SCORE 46; OR
▪ PASS TEMBUSU INSTITUTE'S ENGLISH TEST
STUDENTS ARE REQUIRED TO HAVE BASIC COMPUTING SKILLS, I.E., TURN ON THE LAPTOP, USE THE MOUSE, DRAG AND DROP FILES, USE ONLINE SEARCH ENGINES FOR RESEARCH, AND BE A COMPETENT USER OF MICROSOFT OFFICE.