Form C4 Heriot-Watt University - Course Descriptor 1. Course Code C11FM 2. Course Title 5. School 7. Delivery: Location & Semester Management and Languages Edin SBC Orkney Dubai IDL Collaborative Partner Sem…2 Sem…….. Sem…. Name…………………….....Sem..…... Sem……. Fashion Buying and Merchandise Management Sem……….. 3. SCQF 11 4. Credits Level 6. Course TBC Co-ordinator Approved Learning Partner 15 Name …………………………………Sem……….. 8. Pre-requisites 9. Linked Courses (specify if synoptic) 10. Excluded Courses 11. Replacement Courses Code: 12. Degrees for which this is a core course Date Of Replacement: 13. The course may be delivered to: UG only PG only UG & PG C177-IFM/C175-IFM/C170-IFM MSc/PGDip/Cert in International Fashion Marketing 14. Available as an Elective? Yes No 15. Aims To analyse and understanding of the structure and scope of buying and merchandising functions within fashion organisations. To develop an in-depth knowledge and understanding of the management processes that support fashion product development and range building. To critically review the mechanisms for effective supplier selection, negotiation and performance evaluation. To evaluate the contribution of merchandising to the achievement of financial, quality and customer service performance targets. To critically review the contribution of visual merchandising to the achievement of product / brand differentiation. To create, develop and evaluate a fashion buying and merchandise plan. 16. Syllabus 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. The role and function of the fashion buyer and merchandiser Organisational structures in fashion buying and merchandising Product prediction : trend analysis techniques, interpretation and evaluation International sourcing strategies: negotiation and collaboration Buying offices and networks, domestic and abroad Supplier identification and negotiation Supplier performance monitoring and evaluation Merchandise performance analysis - open-to-buy, mark-down and margin management Stock management methods and strategies : financial analysis Quick response and fast fashion : impact upon buying relationships Dimensions of effective visual merchandising and store design Management of retail space - layout planning Ethical and environmental issues relevant to buying and merchandising 1/2 Form C4 Heriot-Watt University - Course Descriptor 17. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness) Subject Mastery Understanding, Knowledge and Cognitive Skills Personal Abilities Develop knowledge of the strategic contribution of buying & merchandising to fashion business success. buying activities within fashion retail companies. Evaluate supplier management strategies. Utilise a range of new product development frameworks with the context of fashion marketing. Critically review the contribution of buying to the achievement of business portability. Critically review the methodologies for marketing fashion goods at the point-of-sale. Industrial, Commercial & Professional Practice Scholarship, Enquiry and Research (Research-Informed Learning) Autonomy, Accountability & Working with Others Utilisation of company-sponsored projects Guest speakers from the fashion industry Review industry practise in the buying & merchandising Undertaking independent research and report writing skills for coursework assignments Co-operation with class mates in development of seminar presentations 18. Assessment Methods Method Undertake critical reading to develop concepts explored in lectures Research the buying strategies of fashion retailers to evaluate success/failure Communication of ideas (orally) from personal research Undertaking of financial analysis in development of buying budgets 19. Re-assessment Methods Duration of Exam Weighting (%) Synoptic courses? Method (if applicable) Coursework Communication, Numeracy & ICT Duration of Exam (if applicable) 100% Coursework 20. Date and Version Date of Proposal Date of Approval by School Committee Date of Implementation Version Number 2/2 Diet(s)