HECOL493 Study Guide - Comprehensive Final Exam Guide - United States Dollar, National Retail Federation, Fashion Show
20 Nov 2018
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Basic merchandise - stuff that is stable, doesn"t require a lot of forward thinking, buying based off of last years sales, not a lot of unknowns, auto replenishments. Others require relying on forecasting and market trends organizational structure: Small locale retailer, for example - might be doing more than just buying. Large chain stores may be centralized - out of head of ce size of the retail organization. Smaller store - maybe buying for all departments. Larger stores - buying just for one speci c product category. The buying team buyer and merchandiser can work in tandem buyer oversees - buying and allocation of products as well as visual merchandising. Central of ce completely responsible for selection and purchase. Stores receive whatever corporate of ce deems appropriate: warehouse requisition plan: Not very good for fashion items because they have a shorter selling life: price agreement plan: Buyer selects assortment and vendors and negotiates prices and terms.
