RMG 400 Lecture Notes - Lecture 11: Quality Control, Knowledge Network, Active Listening
18 Apr 2016
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Once buyers have prepared merch + assortment plans, they are ready to select vendors from whom to make purchases. Get assigned rack/shelf space that they are responsible keeping stocked w/ quick-turning. Buyers of fashion goods typically make purchases directly from manufacturers or their reps in market. Some may also establish both promotion + pricing req. Org. that purchases merch from manufacturer in large quantities and resells goods in smaller amounts to retailers. A. k. a. merchant middlemen, take possession of goods they purchase from manufacturers. They don"t take possession of merch before selling it to retailer. Manufacturer pays fee that varies by product category, sales volume, # of services provided. After selecting key resources, most buyers distribute purchases: To experiment w/ new merch or vendors. If you are a client of buying office, its reps resources for you. Some vendors send sales reps on frequent to retailers. If your store is known for fashion leadership:
