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Merchandise Management [1]

Paper Code: 
BSR 316
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

This course will give necessary information regarding merchandise planning, procurement and performance

9.00

Basics of Retail Merchandising: Concept, Definition, Importance of Merchandising Management. Merchandiser: Role and Responsibilities, Types of merchandise, Concept of Life style Merchandising.

9.00

Merchandise Planning: Concept, Implication of Merchandise Planning – Finance, Marketing, Warehousing and Logistics, Process of Merchandise Planning. Technology Tools and Merchandise Planning - Merchandise Systems used in Merchandise Forecast. Collaborative Planning Forecasting and Replenishment (CPFR)

9.00

Merchandise Procurement: Brand Alternatives – National Brands, Private Labels and Licensed. Private Label – Concept – Store Brand, Umbrella Brand and Individual Brands, Reasons for Emergence of Private Labels, Process of Creation of Private Labels. Steps in Merchandise Sourcing, Global Sourcing.

9.00

Category Management – Concept, Reasons for Emergence of Category Management and Process of Category Management, Drawbacks of Category Management

9.00

Evaluating Merchandise Performance: ABC Analysis, Sell through Analysis, Multiple Attribute Method and Gross Margin Return On Investment (GMROI) Merchandising Pricing: Methods of setting Prices – Markups and Markdowns, Pricing Strategies (Market Skimming, Market Penetration, EDLP, HLP, Price Bundling, Odd Pricing, Leader Pricing, Multiple Pricing, Multiple-unit Pricing)

Essential Readings: 

1. Pradhan, Swapna, Retail Management ,Tata McGraw-Hill Publishing 2. Levy, Michael and Weitz, Barton A., Retailing Management, Tata McGraw-Hill Publishing Company Ltd., New Delhi. 3. Vedamani, Gibson G., Retail Management, Jaico Publishing House, Mumbai 4. Shipp, Ralph D., Retail Merchandising: Principles and Applications, Houghton Miffin Co.

References: 

1. Dunne &Lusch, Retailing, South-Western Educational Publishing. 2. Retail Management, ICFAI Centre for Management Research, Hyderabad, May. 3. Sudharshan, R., Prakash, Ravi S., Sarma, Subrahamanya M., Retail Management: Principles and Practices, New Century publications.

Academic Year: 
2019-2020 [2]

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Source URL: https://business.iisuniv.ac.in/courses/subjects/merchandise-management-0

Links:
[1] https://business.iisuniv.ac.in/courses/subjects/merchandise-management-0
[2] https://business.iisuniv.ac.in/academic-year/2019-2020