FAS-4002 Merchandise Planning & Control
This course is a continuation of FAS-4001 Fashion Buying and provides an in-depth analysis of the mathematical concepts and calculations involved in profitable merchandising decisions. This course incorporates buying philosophies and merchandising math while exposing students to simulated exercises that mimic real-life buying responsibilities while applying merchandising formulas such as: analyzing sales (WTD, MTD, YTD), cost/retail/markup calculations, stock-to-sales analysis & stock turnover, assortment planning, profits and loss, open-to-buy, markdowns, gross margin, and the 6-month merchandising buying plan.
A problem-based method of learning is used to encourage group collaboration and critical thinking.