UNIVERSITY OF KENT MODULE SPECIFICATION TEMPLATE SECTION 1: MODULE SPECIFICATIONS 1. Title of the module Retail Buying (CB716) 2. School or partner institution which will be responsible for management of the module Kent Business School 3. Start date of the module Autumn 2015 4. The number of students expected to take the module 40 5. Modules to be withdrawn on the introduction of this proposed module and consultation with other relevant Schools and Faculties regarding the withdrawal None 6. The level of the module (e.g. Certificate [C], Intermediate [I], Honours [H] or Postgraduate [M]) Honours [H] 7. The number of credits and the ECTs value which the module represents 15 credits (7.5 ECTs) 8. Which term(s) the module is to be taught in (or other teaching pattern) Autumn 9. Prerequisite and co-requisite modules CB680 Introduction to Marketing or CB714 Marketing Principles 10. The programmes of study to which the module contributes BA (Hons) Business & Management BA (Hons) Business & Management with a Year in Industry BA (Hons) Business & Management (Retail) BA (Hons) Business & Management (Retail) with a Year in Industry 11. The intended subject specific learning outcomes On completion of this module, students should be able to: 11.1 11.2 11.3 11.4 11.5 Gain a systematic understanding of internal and external influences on buying decisions and range planning Accurately deploy the key skills and techniques required to design and develop a profitable range of products to meet consumer needs and compete in the market Critically assess the impact of technology and innovation on new product development Acquire detailed knowledge of processes and techniques for effective and sustainable supplier sourcing and management Understand and critically assess the quality requirements of different brands for new product development and processes for quality assurance Revised February 2015 1 UNIVERSITY OF KENT 12. The intended generic learning outcomes On completion of this module, students should be able to: 12.1 Propose solutions to problems based on analysis and discussion/debate 12.2 Synthesise a range of concepts, knowledge and skills relating to the retail sector 12.3 Apply complex theories to practical realistic work situations in the retail sector 12.4 Undertake independent and self-managed learning 12.5 Communicate effectively within a group context 12.6 Communicate both orally and in writing 13. A synopsis of the curriculum This module investigates the importance of having a dynamic buying function in retailing to meet the ever changing needs of the consumer and maintain a profitable business. It explores both Fashion and Food retailing and the differences between these industries. It considers how different strategic approaches influence new product design and purchasing as well as the importance of economic, legal and financial issues. Students will acquire expertise in how to plan and develop a range of products; how to develop pricing strategies, and how to work with strategic suppliers and partners to get a product that exceeds consumer needs to market ahead of the competition. The key elements of the curriculum are as follows: 1. 2. 3. 4. 5. 6. 7. 8. 9. Organisational approaches to buying and the impact on the brand Process models of buying Competitor analysis Impact of trends and fashion on new product development Impact of innovation and technology on new product development Range planning Quality strategies and quality assurance Supplier selection and management Sustainability of product sourcing 14. Indicative Reading List Core textbook: Varley, R. (2014). Retail Product Management: Buying and Merchandising. 3rd ed. London: Routledge Berman, B. and Evans, J.R. (2013). Retail Management: A Strategic Approach. 11th ed. London: Prentice Hall Bailey, P. (2004). Purchasing Principles and Management. 9th ed. London: FT Prentice Hall Diamond, J. and Pintel, G. (2007). Retail Buying. 8th ed. London: Prentice Hall 15. Learning and Teaching Methods, including the nature and number of contact hours and the total study hours which will be expected of students, and how these relate to achievement of the intended module learning outcomes: The module employs two different modes in its approach to teaching and learning: lectures and seminars. The objective of the former is to introduce formally the conceptual and theoretical component of the course. Seminars are designed to encourage active learning and peer-based methods of learning, with students working on a variety of buying scenarios in food retailing and general merchandise. They will be required to work collaboratively to find solutions, and be able to communicate and argue their ideas. In both lectures and seminars time is also given for comment and questions. Revised February 2015 2 UNIVERSITY OF KENT As this module will be taught in Autumn and examined in Summer, a two-hour revision workshop will be run at the end of the Spring term. Hours Subject LOs Generic Los Lectures 11 11.1-11.5 12.1, 12.2, 12.3 & 12.5 Seminars 10 11.1-11.5 12.1-12.6 Revision Workshop 2 11.1-11.5 12.1-12.6 Preparation 70 11.1-11.5 12.1-12.6 Independent study 57 11.1-11.5 12.1-12.6 Total hours 150 16. Assessment methods and how these relate to testing achievement of the intended module learning outcomes The module is assessed by a combination of examination (60%) and coursework (40%). The coursework assessment comprises two elements, where the students will evaluate a range of products currently on the high street; compare them to the competition, and identify recommendations to improve the range for future seasons: a) A group presentation (15%). Groups of between two-five students will present a range plan for a specified retailer. Presentation to last 20 minutes, including time for questions and answers. b) An individual written report of 2,000 words (25%). Students will analyse data from a retail case study and report actions in the style of a business report. Additionally there will be a two-hour, closed book examination at the end of the year (60%). Weighting Subject LOs Generic LOs Group presentation 15% 11.1-11.5 12.1-12.6 Individual Report (2,000 words) 25% 11.11-11.5 12.1-12.4, 12.6 Examination (two-hour, closed book) 60% 11.1 – 11.5 12.1 -12.4, 12.6 17. Implications for learning resources, including staff, library, IT and space Staff time for the teaching hours outlined above. Library resources should be sufficient for the indicative reading; lecturing and seminar facilities. There are no specific IT requirements for this module beyond the usual module website for module material. 18. The School recognises and has embedded the expectations of current disability equality legislation, and supports students with a declared disability or special educational need in its teaching. Within this module we will make reasonable adjustments wherever necessary, including additional or substitute materials, teaching modes or assessment methods for students who have declared and discussed their learning support needs. Arrangements for students with declared disabilities will be made on an individual basis, in consultation with the University’s disability/dyslexia support service, and specialist support will be provided where needed. 19. Campus(es) where module will be delivered: Medway Revised February 2015 3 UNIVERSITY OF KENT SECTION 2: MODULE IS PART OF A PROGRAMME OF STUDY IN A UNIVERSITY SCHOOL Statement by the School Director of Learning and Teaching: "I confirm I have been consulted on the above module proposal and have given advice on the correct procedures and required content of module proposals" ................................................................ .............................................. Director of Learning and Teaching Date ………………………………………………… Print Name Statement by the Head of School: "I confirm that the School has approved the introduction of the module and, where the module is proposed by School staff, will be responsible for its resourcing" ................................................................. .............................................. Head of School Date ……………………………………………………. Print Name Module Specification Template Last updated July 2014 Revised February 2015 4