Course Title: Merchandising Maths

Part A: Course Overview

Course Title: Merchandising Maths

Credit Points: 12


Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

GRAP2545

RMIT University Vietnam

Undergraduate

350H Fashion & Textiles

Face-to-Face

Viet3 2012,
Viet2 2013,
Viet3 2013,
Viet1 2014,
Viet3 2014,
Viet2 2015,
Viet1 2016,
Viet2 2016,
Viet3 2016,
Viet1 2017

Course Coordinator: Grant Emerson

Course Coordinator Phone: +61 3 9925 9149

Course Coordinator Email: grant.emerson@rmit.edu.au


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

Costing is one of the factors in determining the success of a fashion product. To be a merchandiser, a fashion buyer, or a product developer you will need to have the mathematical skills and knowledge to develop the estimates for sample production of products within the fashion industry.

This course explores the concepts involved in merchandising maths. You will develop the knowledge and skills needed to perform mathematical calculations including margin percentages, mark-up percentages, markdowns, sales/m, sales/m2, stock turnover, stock sales ratios and averages.

In this course you will also learn about variable costs, such as fabric, labour and fixed costs and overheads. In addition, you will learn about the value of break-even analysis and will be introduced to merchandise planning.
 


Objectives/Learning Outcomes/Capability Development

In this course you will develop the following program capabilities:

a)  Lead and manage own work and other team members or individuals within a fashion and textiles enterprise.

b)  Problem solve effectively in a fashion and textiles enterprise.

c)  Apply analytical decision making techniques in a fashion and textiles environment.
 


Upon successful completion of this course, you will be able to:

a)  Research and identify factors to be considered when costing a garment for the fashion industry.

b)  Critically analyse and evaluate issues when costing a garment for the fashion industry.

c)  Develop and analyse costing sheets to industry standards.

d)  Discuss and apply the principles of merchandising planning.
 


Overview of Learning Activities

The main learning activities in this course include: lectures, workshops, tutorials and case studies.

You will research and perform computations using appropriate formula. 

Working in groups you will brainstorm and provide feedback on findings.
 


Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems.

Resources that will assist you with your learning will include notes, reference lists, library resources, computer laboratory and relevant software.
 


Overview of Assessment

You will be assessed on how well you meet the course’s learning outcomes and on your development against the program capabilities.

Assessment may include tests, case studies and assignments. Feedback will be given on all assessment tasks.

If you have a long term medical condition and/or disability it may be possible to negotiate to vary aspects of the learning or assessment methods. You can contact the program director or Disability Liaison Unit if you would like to find out more information.

An assessment charter summarises your responsibilities as an RMIT student as well as those of your teachers.

Your course assessment conforms to RMIT assessment principals, regulations, policies and procedures.