Merchandising and Sales Planning - BUSN7210

Looking for a different module?

Module delivery information

This module is not currently running in 2021 to 2022.

Overview

The aim of this module is to introduce the learner to the techniques of retail merchandising in a variety of different retail contexts, and its importance in achieving profitable sales as well as its contribution to corporate image. It provides an overview of the range planning and cataloguing required to meet the demands of the consumer, and how this is influenced continuously by new trends that affect consumer behaviour in both Fashion and Food retailing.

The key elements of the curriculum are as follows:


  1. The role of merchandising in retail buying
  2. Pricing and margin management
  3. Sales forecasting and demand management
  4. Cataloguing and stock management
  5. The role of sales promotions
  6. Sources and impact of forecast error
  7. Measuring and improving forecast performance
  8. Impact of decisions on the supply chain
  9. Managing retail communications with selling teams
  10. Synthesising and communicating trading and sales within an organisation

Details

Contact hours

The module employs two different modes in its approach to teaching and learning: lectures and seminars.

  • Lectures 11
  • Seminars 10
  • Preparation 70
  • Independent study 59

    Total hours 150

    Method of assessment

    Individual Report (2,000 words) 40%
    Two hour, closed book examination 60%

    Indicative reading

    Core textbook:
    Varley, R. (2014) Retail Product Management: Buying and Merchandising. 2nd edn. London: Routledge
    Clark, J. (2015) Fashion Retailing; Principles and Practice. London: Palgrave

    Recommended Reading:
    Berman, B. and Evans, J. R. (2013) Retail Management: A Strategic Approach. 11th edn. London: Prentice Hall
    Varley, R. and Mohanned, R. (2014) Principles of Retailing. 2nd edn. London: Palgrave Macmillan
    Diamond, J. and Pintel, G. (2007) Retail Buying. 8th edn. London: Prentice Hall

    Journals:
    Journal of the Institute of Purchasing and Supply
    Retail Week
    Retail and trade magazines related to particular product categories

    See the library reading list for this module (Medway)

    Learning outcomes

    8.1 Demonstrate a systematic understanding of the role of the merchandiser within a buying team and the corporate, legal and ethical influences on them.
    8.2 Apply detailed knowledge of processes and calculations to manage financial sales targets, stock management, margins and promotions.
    8.3 Understand and analyse ideas and techniques for effective range planning and cataloguing to maximise customer service and sales.
    8.4 Critically assess the appropriate relationships with suppliers on a local and international scale.

    The intended generic learning outcomes.
    On successfully completing the module students will be able to:
    9.1 Propose solutions to problems based on analysis and discussion/debate.
    9.2 Develop and apply numerical skills.
    9.3 Undertake independent and self-managed learning.
    9.4 Develop and apply negotiations skills.

    Notes

    1. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
    2. The named convenor is the convenor for the current academic session.
    Back to top

    University of Kent makes every effort to ensure that module information is accurate for the relevant academic session and to provide educational services as described. However, courses, services and other matters may be subject to change. Please read our full disclaimer.