FM009 Fashion Buying

6 credit points

Course Code FM009

Subject Outline

FM009 Fashion Buying

Lecturer

Niki Pedder

Program Director

Nick Comino

Credit points

6

Duration

1 term

Co/Pre-requisites

FM012 Introduction to Fashion Marketing

Contact hours/week

6

Self-Study hours/week

8

   

 

Subject Description

This subject will provide the learner with knowledge and skills required to undertake a management role in fashion buying. The subject field will cover steps in the buying process, including: Understanding and identifying the nature of the business, market research and product selection, merchandising theory, pricing policy, sales forecasting, planning/strategy and inventory logistics.

 

Content

A fashion company’s future is dependent on how well the merchandise is planned, organised and presented. Buyers are required to understand the marketplace and trend forecasts and to have the ability to predict what will be popular with consumers.


With the assistance of industry experts and a practical learning environment, you will be armed with the skills and knowledge to engage with suppliers/providers, manufacturers and consumers with confidence. Through the project work you will have the opportunity to develop your knowledge to understand the fundamentals in the role of a fashion buyer.

 

Learning outcomes or Competencies

  1. Collect and analyse market information

  2. Analyse and evaluate merchandise

  3. Identify needs in the market place

  4. Develop a budget, purchasing plan and pricing strategies

  5. Develop management and communication skills within a fashion buying environment

 

Assessment Table

Name/No

Type

Weighting %

Week Due

Learning Outcome

1. Excel spreadsheet document: research and analyse data, using case study example.

Case study, Excel spreadsheets & presentation

30%

Week 5

1,2,4

2. Trend Forecasting for Buying Decisions

Buying plan, mood board & presentation

30%

Week 7

1,2,3

3.  Buying Plan Report

Report

40%

Week 9

1,2,3,4,5

 

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