Fashion Retail Merchandise Buying

Online Short Course Fashion Business Apparel Design and Product Development

Learn the fundamentals of merchandising - learn to forecast, budget and plan production from start to end, according to market trends and consumer demand.

Overview
In today’s world, buying according to market trends and consumer demands is important to remain competitive in the fashion industry. This course aims to equip you with skills to forecast, budget and plan merchandising assortment with key focus on consumer centric buying and relevancy to market merchandising concept. Conducted in multifaceted manner, get the skills needed to maximize customer satisfaction and create lasting synergy between customer and brand. Funding Period: 1st March 2021 to end Feb 2024

The Details

  • FOR SKILLSFUTURE CLAIMS

    WSQ Name: (WSQ Perform Fashion Retail Merchandise Buying for Textile and Fashion Industry (Synchronous and Asynchronous E-Learning))

    TPGateway Code:TGS-2009503282

  • total hours

    35:00

  • Mode of Learning

    Online

Curriculum

Course Duration

SSG Approved Training & Assessments Hours:35:00 Trainer Facilitated Hours (On Campus/Virtual):24:00 Self-Directed E-learning Hours:08:00 Assessment Hours:03:00
Objectives
  • Understand various concepts, philosophies and theories of retail buying and management of merchandise and inventory
  • Formulate a retail buying strategy with focus on the consumer
  • Get familiar with Retail Math and Retail Terminologies
  • Create Seasonal Budgets, including Monthly Sales, Gross Margins, Stock Holdings, Markdowns and stock turns.
  • Plan, execute and evaluate Category Plans that includes sub-categories and price points allocated to each sub-category to meet customer demands in a highly dynamic & competitive retail market
  • Manage Seasonal Assortment Plans through the planning of the OTB (Open-to-Buy) for regular buys; promotional buys by sub-class, by month, by price points by size ratios.
  • Benchmark from best practice in retail buying and merchandising management
  • Learn through workshops how to select merchandise and colors
  • Learn what trendsetters are forecasting and how to translate the information into buying decisions
  • Learn & Practice the Art of The Retail Deal.
Key Learning Areas
  • Retail categories and retail formats
  • Role of buyer
  • Key performance indicators
  • Central buying system
  • Mark ups, margins and retail price computations
  • Assortment and open to buy plans
  • Merchandising for customer demographics and store profile
  • Create and/or manage fashion brand
  • Supplier selection criteria
Certificate Issuance
Upon successful completion of the course, student will be awarded the Statement of Attainment (SOA) for WSQ Perform Fashion Retail Merchandise Buying for Textile and Fashion Industry (Synchronous and Asynchronous e-learning). WSQ Certification is nationally endorsed and recognised by industry partners.
Requirements
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Fees & Funding
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Items Required For Class

Do take note of the following things you are required to have for both class and their assessments. Please check if all these stated below are in working condition before registering for class. 

  1. Laptop 
  2. Webcam 
  3. Working mic on laptop or actual mic 
  4. Smart Phone capable of accessing their respective app stores
  5. Access to data or wifi connections

Testimonials
FAQs

Yes! You can use any SkillsFuture Credits you have to pay for course fees.

We highly discourage you from missing any classes since the entire program is designed to be hands-on intensive. There is also a minimum attendance requirement of 75% of training hours for Singaporean and PRs, and 90% of training hours for international students. If you do not meet the 75% attendance requirement, you will not be eligible to enjoy subsidies nor to sit for the assessment. Make sure you block off your time during your training with us or find an intake option that will ensure you do not miss any classes. You will only wish that you had more time in the class!

We do not offer any make-up or replacement classes.

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