Course Title: Fashion Merchandise Management
Part A: Course Overview
Course Title: Fashion Merchandise Management
Credit Points: 12.00
Course Coordinator: Dr Tarun Panwar
Course Coordinator Phone: +61 3 9925 9223
Course Coordinator Email: firstname.lastname@example.org
Course Coordinator Location: B511 F01 R001
Course Coordinator Availability: By appointment
Pre-requisite Courses and Assumed Knowledge and Capabilities
Required Prior Study
Successful completion of MKTG1442 Introduction to Fashion Enterprise and MANU2491 Digital Applications for Fashion Enterprise 1.
Alternatively, you may be able to demonstrate the required skills and knowledge before you start this course.
The major aim of this course is to provide you with a detailed understanding of the roles and responsibilities of a Merchandise Planner and/or Allocation Analyst within a modern fashion enterprise. You will gain insight into the various elements that comprise these closely integrated positions to determine how each of these elements relate to one another within the overall merchandise planning process. You will explore the key relationships within an integrated system to understand independent and reliant operational processes (and job roles) within a modern fashion retail brand.
Objectives/Learning Outcomes/Capability Development
Program Learning Outcomes
In this course you will develop the following program learning outcomes:
PLO2: Apply a range of creative and commercial skills to successfully practice in a range of roles in the field of fashion enterprise.
PLO3: Demonstrate creativity, critical thinking and innovation to identify and solve problems in diverse contexts within the field of fashion enterprise.
PLO4: Communicate using a range of formats and strategies to diverse audiences within and external to the fashion enterprise field.
PLO5: Work with others in a range of roles and contexts, demonstrating cultural, environmental and social awareness through ethical and reflective practice.
PLO6: Take initiative and apply judgment in planning, problem-solving and decision making in your practice or future study.
Course Learning Outcomes
Upon successful completion of this course, you will be able to:
CLO 1: Explain the roles and responsibilities of a fashion merchandise planner and allocator, distinguish the components of a pre-season merchandise plan and department or category sales plan.
CLO 2: Analyse the financial implications of a merchandise plan.
CLO 3: Evaluate the use of enterprise resource planning and/or spreadsheet software applications as they are utilised in fashion enterprises.
CLO 4: Create a pre-season merchandise plan.
CLO 5: Recommend strategies for managing stock, Open-to-Buy positions, markdowns and margins across the different phases of a fashion season.
CLO 6: Plan promotions to maximise sales and profitability in a seasonal context.
Overview of Learning Activities
Your learning will be facilitated via a range of in-class and online activities that will require both individual and collaborative engagement. Class activities promote your ability to enquire, investigate, analyse and solve fashion business problems.
Overview of Learning Resources
RMIT will provide you with resources and tools for learning in this course through our online systems.
A list of recommended learning resources will be provided by your lecturer, including books, journal articles and web resources. You will also be expected to seek further resources relevant to the focus of your own learning.
RMIT Library provides extensive resources for fashion and textiles students.
Search the library and consult the Fashion and Textiles Subject Guides for more information.
The library also provides guides on academic referencing and assistance is available via phone, chat and email.
Overview of Assessment
You will be assessed on how well you meet the course learning outcomes and on your development against the program learning outcomes.
Feedback will be given on all assessment tasks.
Assessment tasks are directly aligned with each Course Learning Outcome. They are as follows:
Assessment Task 1: Case Study (20%)
Assessment Task 2: ERP/Spreadsheet & Financial Analysis (30%)
CLO’s: 2 & 3
Assessment Task 3: Pre-Season Merchandise Plan with Sell-through Strategy (50%)
CLO’s: 4, 5 & 6
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 coordinator or Equitable Learning Services if you would like to find out more.
Your course assessment conforms to RMIT assessment principles, regulations, policies, procedures and instructions.