Planning a buying trip
Buying trips are an essential activity of all retailers, irrespective of what form the trip takes.
The green grocer taking their ritual 4 am trip to the wholesale market is really no different to the fashion buyer travelling each season to the fashion capitals of the world. At the end of the day both hope to come away with fresh and exciting new products, improved prices and maybe some new supplies. The fundamental approach is the same, they think about their customers first and foremost, what they think they can sell and what stock they already have.
Eventually the product hits the retail floor and the buyer can make an informed assessment of their buying skills.
This workshop will step through each component to planning and executing a successful and informative buying trip.
This workshop will go through:
- Planning a buying trip
- Undertaking a buying trip
- Report and evaluating on a buying trip
Retail Buyers, Merchandise Planners, Business Owners, Product Managers
Entry – Intermediate
One day workshop - 9:30am to 4:30pm.
You have achieved formal study at the Certificate IV or higher level and currently employed within the retail sector in a function where they have applied knowledge of retail financials, inventory management and retail operations.
have at least two years full time work experience in a retail merchandise management related function where they have applied knowledge of retail financials, inventory management and retail operations.
have at least two years full time work experience in a role where they have applied knowledge of business financials and operations.
This unit is an accredited unit. On successful completion, you can receive national recognition for the unit (statement of attainment).
A successful completion means that all assessments have been marked competent by the assessor and that you have attended the workshop in its entirety.
Your competencies for each unit will be assessed through the following assessment methods:
Knowledge Assessment Tool (KAT)
- The assessment focuses on assessing the knowledge evidence of the unit of competencies in the form of written questions.
Skills Application Tool (SAT)
- The assessment focuses on assessing the performance evidence of the units of competencies in the form of practical demonstration.
Retail Innovation Tool (RIT)
- This assessment is started with case study / facts / specific retail standard to explore and provide you with some insights by answering the questions and implement them in the different context.
Diploma of Retail Merchandise Management (SIR50317)
- Develop a Merchandise Strategy (SIRRMRM002)
- Conduct a Post Trade Analysis (SIRRMRM003)
- Develop a Merchandise Financial Plan (SIRRMRM004)
- Develop a Category Financial Plan (SIRRMRM005)
- Plan a Merchandise Product Range (SIRRMRM006)
- Negotiate and Establish Supply Arrangements (SIRRMRM007)
- Develop a Mechandise Promotional Plan (SIRRMRM008)
- Plan Merchandise Buying Trips (SIRRMRM009)
- Plan Product Development (SIRRMRM010)
- Manage Merchandise Quality & Compliance (SIRRMRM011)
- Develop Ecommerce Strategy (SIRXSTR001)
This workshop is subject to change or cancellation if minimum number of participants is not reached. We will endeavour to notify you as early as possible. Your ticket can be transferred to the next available workshop of the same topic or you can request a refund.
If you have purchased a ticket but cannot attend, please contact the Program Manager ( email@example.com) to have your ticket transferred to a later date. If you cancel within 24 hours of a workshop date, please note that your ticket cannot be refunded or a change fee may occur.