Foundations of Buying & Merchandise Planning

This 2-day Foundations of Buying & Merchandise Planning program covers the theoretical principles used in planning, buying and trading a range through the season.  In addition, we look at key financial principles, the impact of markdown on profitability and how to manage suppliers for best results. 

$984.50

This is what you will learn…

The World of Buying & Planning

  • The Buying Cycle
  • Role of the buyer & planner
  • Challenges facing retailers today
  • Understanding the customer

Pre-Season Planning

  • Assortment strategies
  • Merchandise mix and product lifecycle
  • Developing the sales plan
  • The merchandise financial plan & OTB

Sales & Profits

  • Understanding key financial metrics
  • Analysing performance
  • Pricing strategies
  • Markdown & Promotions

Managing Suppliers

  • Understanding supplier relationships
  • Best practice supplier management
  • Criteria based supplier appraisal
  • Cultural impacts on supplier management
“This course really helped me to understand the entire concept of merchandise management and how my role fits into that”
Justine,

Allocator

Range & Assortment Planning Workshop

Tickets are now on sale for our global best practice Range & Assortment Planning course developed in the UK by First Friday and exclusively available in Australia & New Zealand through Numensa.

Learn how to create a range framework, option plan and calculate a line buy in order to deliver an assortment that delivers real choice for the customer.  This is a packed one-day course that will furnish you with the tools you need to plan next season’s ranges.

$541.20

During this course you will learn…

  • Analysis
  • Planning options based on space
  • Range density
  • Planning options based on the sales plan

 

 

  • Grouping stores
  • Assortment planning
  • Ranking
  • Range sign off

“Great course!  I now have so much more confidence to plan the range next season.”

Belinda

Trainee Planner