Plan merchandise buying strategy

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver SIRRMRM001, 'Plan merchandise buying strategy '.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Plan merchandise buying strategy ' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria



Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1.Undertake post trade analysis.

1.1.Complete a post trade analysis to review past performance against planned performance, identifying missed opportunities.

1.2.Analyse customer buying patterns, and predict future trends.

1.3. Review competitor activity within the local and global marketplace.

1.4.Consult relevant stakeholders for input on post trade analysis and future range strategy.

2. Determine strategy.

2.1 Determine range strategy for relevant future trading period based on post trade analysis.

2.2 Determine price strategy, marketing strategy and product mix for the next trading period.

2.3Communicate strategy to relevant personnel and seek input and approval as required.

3.Develop merchandise plan.

3.1.Review marketing calendar and new store openings and closures as required.

3.2.Establish base line sales and gross margin requirements.

3.3.Plan buying margin, markdowns, shrinkage and other reductions.

3.4.Determine open to buy, weeks cover or other stock measures.

3.5.Determine width and depth of range.

3.6.Quantify products to be ordered.

4.Respond to trade.

4.1.Evaluate sales against plans and performance benchmarks and interpret impact to the forward plan.

4.2.Manage merchandise plan in response to sales and account for variances in sales trends.

4.3.Adjust purchases within the merchandise plan, and manage slow moving surplus stock or aged stock to minimise impact on overall margin.

4.4.Consolidate stock as required.