PRINCIPLES IN RETAIL BUYING

To be successful, a retailer must have proper assortments of goods and services when they are in demand and sell them in a manner that consistent with the overall company strategy. Merchandising consist of the activities involved in acquiring particular goods and services and making them available at the right place, right time, right price and in the right quantity that will enable a retailer to reach its goal. The objective of the course is to equip executives and managers performing food-buying functions with all the necessary and fundamental buying skills and knowledge, so that they can carry out their important buying role effectively and professionally.

OUTLINE:

• Buying role And Functions
• Qualification of Food Buyers
• Buying Activities
• Tactics in Effective Negotiation
• The Seven Rights of Merchandise
• Overview of Category Management
• Inventory Planning and Control
• Selection of Merchandise